United Kingdom, London: StatPlan Energy published Edition 2 of global analysis of transformer markets.
The survey is expanded with annual forecasts and analysis of global markets, their size, growth prospects, breakdown by transformer type and issues facing the industry.
According to the survey, the replacement sector will soon account for more than half of the entire market. The replacement of existing transformers will soon form a larger part of the market globally than the new installation segment, reports Sys-Con Media.
The survey also takes into account demographic change, electrification involving developing markets which are steadily increasing electrification and governmental interventions, particularly related to renewables.
Source: Sys-Con Media