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Global Power Transformers Market Expected to Reach USD 28.22 Billion by 2020: Grand View Research, Inc
[February 24, 2015]

Global Power Transformers Market Expected to Reach USD 28.22 Billion by 2020: Grand View Research, Inc


The global power transformers market is expected to reach USD 18.55 billion by 2020, according to a new study by Grand View Research, Inc. Growing energy demand, on a global level, is expected to be the key driving force for the power transformers market over the next six years. Favorable regulatory scenario for the development of low noise and environmentally friendly transformers is also expected to drive the market over the forecast period.



Increasing investment in power plant infrastructure in developing markets of Asia Pacific is expected to boost regional demand. The market in North America and Europe is expected to primarily be driven by need for replacing aging equipment. Smart grid and super grid development initiatives are expected to be a considerable opportunity for market participants. Volatility in prices of key raw materials such as steel and copper is expected to be a barrier for industry growth.

To request a sample copy or view summary of this report, click the link : http://www.grandviewresearch.com/industry-analysis/power-transformers-market Further key findings from the study suggest: Global power transformers shipments were estimated to be 11,352 units in 2013, and are expected to reach 16,994 units by 2020, growing at a CAGR of 5.9% from 2014 to 2020.


Power transformers with a rating of 100 MVA to 500 MVA are expected to continue dominating global demand, and accounted for over 73% of the overall market volume in 2013. It is also expected to be the fastest growing segment, at an estimated CAGR of 6.4% in terms of revenue from 2014 to 2020.

Browse all Market Research Reports @ http://www.grandviewresearch.com

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