Future Market Insights has announced the addition of the “Medium Voltage Transformers Market: Global Industry Analysis and Opportunity Assessment 2015-2025” report to their offering.
According to the report, with developing new technologies in emerging economies, rapid urbanization and increasing housing and infrastructure investments, the acceptance of medium voltage transformers is gaining popularity.
The global medium voltage transformers market is expected to expand at a promising CAGR during the forecast period.
Asia Pacific, Middle East and Africa holds immense market potential, since the generation and distribution infrastructure of electricity is still in its nascent stage in these regions.
As of 2015, North America dominated the global medium voltage transformers market in terms of market revenue. Asia Pacific & Japan are projected to expand at a substantial growth and will contribute to the global medium voltage transformers market value exhibiting a robust CAGR during the forecast period.
Some of the key market players profiled are ABB, Schneider Electric, Siemens, Crompton Greaves Ltd, Eaton Corporation, Emerson Industrial Automation, Mitsubishi Electric, Hammond Power Solutions, Kirloskar Electric, SMA America LLC.
Source: Future Market Insights