Ireland, Dublin: Research and Markets has announced the addition of the "Global Medium Voltage Transformer Market - Analysis by Application and Type - Growth Trends and Forecasts (2015-2020)" report to their offering.
Increasing urbanization in developing countries, transmission expansion to integrate renewable energy resources, and new capacity addition in thermal and nuclear power generation are a few factors attributing to the growth of the global medium voltage transformers market.
On the flip-side, though, volatile nature of raw material prices and maintenance costs threaten to inhibit the development of the medium voltage transformer market.
The US is one of the largest markets and holds the biggest installed base of medium voltage transformers. Electric utilities account for approximately two-thirds of the medium voltage transformers market, with industrial and commercial segments accounting for the rest.
The key companies mentioned in the report include ABB Ltd., Schneider Electric, Crompton Greaves Ltd., Emerson Industrial Automation, Hammond Power Solutions, Mitsubishi Electric Corporation, Siemens, Eaton Corporation, SMA America LLC, and Kirloskar Electric.
Source: Business Wire