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Research and Markets Offers Report: Global Power and Distribution Transformers Market Forecast and Opportunities, 2019 [Professional Services Close - Up](Professional Services Close - Up Via Acquire Media NewsEdge) Research and Markets has announced the addition of the "Global Power and Distribution Transformers Market Forecast and Opportunities, 2019" report to its offerings. In a release, Research and Markets noted that report highlights include: The global market for power and distribution transformers is expected to reach USD51 billion by 2019 Increasing demand for electricity is projected to drive new power projects along with transmission and distribution network expansion. This, in turn, is expected to drive power and distribution transformer installations worldwide. With rapid increase in urbanization and industrialization, new power and distribution transformers are likely to be deployed in emerging economies like China and India. While in matured economies, replacement of old, low power transformers would propel the market. Over the past decade, rapid growth and development in infrastructure led to significant increase in the demand for electricity across the globe. Rising population and migration of people from rural areas to urban cities also created an unprecedented demand for reliable power supply systems worldwide. As a result, the demand for transformers has been increasing at a rapid pace across the globe. Although the power infrastructure in North America and Europe has matured, the demand for transformers in these regions is still growing at a notable pace due to rising electricity demand from industrial sector coupled ongoing upgrades in the existing power supply infrastructure. On the other hand, transformer installations in Asia-Pacific, South America and Middle East and Africa are increasing at a comparable rate due to growing electrification in developing nations like China, India and Brazil. Due to growing environmental concerns of carbon emissions, research and development efforts are in full swing to introduce as well as implement specialty transformer solutions to ensure sustainable development. Companies Mentioned -ABB -Alstom Grid SAS -Baoding Tianwei Baobian Electric -Bharat Heavy Electricals -China XD Electric -Crompton Greaves -Eaton Corp. -General Electric Co. -Hammond Power Solutions Inc. -Hitachi Ltd. -Hyosung Corp. -Hyundai Heavy Industries -Jiang Su Hua Peng Transformer -Mitsubishi Electric Corp. -Schneider Electric S.A. -Siemens AG -TBEA -Toshiba Corp. -Wilson Transformer Company Pty -Zaporozhtransformator PJSC Report information: researchandmarkets.com/research/9l7vs4/global_power_and ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. |