Follow on Google News News By Tag * Low Power Transformers * Medium Power Transformers * Power Distribution * High Power Transformers * Market Trends * More Tags... Industry News News By Location Country(s) Industry News
Follow on Google News | Global Power & Distribution Transformers Market to Surpass USD51 Billion through 2019, Finds TechSciAsia-Pacific to emerge as the major as well as fastest growing market across the globe with major contribution from China and India
By: TechSci Research ABB Ltd., Siemens AG and Alstom Grid SAS are likely to dominate the market over the forecast period, holding over 36% share in market revenues in 2019. Major factors driving revenue growth in global market include rising global population, increasing power demand, expansion of power generation infrastructure, development in power transmission network including implementation of smart grid & super grid. Companies are also developing smart transformers featuring advanced online monitoring system for remote evaluation and detection of latent defects. “Increasing power consumption directly impactstransformer installations across the globe. Existing as well as upcoming power projects are further creating significant demand for new installations of power and distribution transformers, particularly within developing nations in Asia-Pacific, South America and Africa. Of all the transformer types, volume sales of low power output distribution transformers currently exceeds that of power transformers.” “Green power transformers are expected to significantly contribute towardsrevenue growth in power & distribution transformers market across the globe due to their rising adoption during the forecast period.” added Mr. Chechi. “Global Power & Distribution Transformer Market Forecast & Opportunities, 2019 (http://www.techsciresearch.com/ End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|