United Kingdom, London: Visiongain has made available a new electric power and distribution transformers market report for the period 2016 to 2026.
According to the report, the global power and distribution transformers market is estimated to be worth $35 billion in 2016, reports Market Watch.
There is pressure on utility companies to refurbish and replace the aging transformer population. Transformer manufacturers providing efficient, high-quality transformers at competitive prices will reap the benefits of strong market demands among utility companies.
Progressing into the next decade, there will be more competition from China, India and South Korea for alternative transformer and material solutions.
The report offers CAPEX forecasts for power transformers and distribution transformers from 2016-2026 by region and power rating, national forecasts for largest markets, and provides detail on transmission projects that are planned and under construction.
Source: Market Watch