Transparency Market Research has issued a new market research report titled “Three Phase Transformer Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 – 2023”.
According to the report, Three Phase Transformer Market is expected to rise at a remarkable CAGR during the forecast period 2015 – 2023, states Transparency Market Research.
Developing economies such as India, China, Russia, South-Africa and Brazil are likely to be attractive market for three phase transformers. With huge investments proposed in transmission sector and upcoming long-distance projects, these regions are anticipated to provide a major market for development of three phase transformers.
Asia Pacific has planned large investments in transmission sector and upcoming long-distance projects; this region is anticipated to provide a major market for development of three phase transformer.
Latin America and Africa are also expected to boost investments in power sector which would further enhance investment in three phase transformer market.
Some of the major players investing in this market are Hitachi Corporation, Mitsubishi Corporation, Siemens AG, Areva SA, Moloney Electric Inc., Delta Transformers Pvt. Ltd., SNC Manufacturing Co, Inc., Eaton Corporation Plc., Powertronix Corporation, and Estel Company Limited.
Source: Transparency Market Research