According to a new market study by Report Linker, the European distribution transformer market, is expected to grow at a CAGR of 6.27% during the forecast period of 2017-2025.
The major factors driving the market are various advances in transformer industry and the growing popularity of green energy.
A major challenge faced by the market is the operational inefficiency leading to delays and suspensions.
Some of the major players in the market include Crompton Greaves Ltd, Eaton Corporation Plc, Schneider Electric, Siemens Ag, Starkstrom-Gerätebau Gmbh, Transformers And Rectifiers India Limited, Vantran Industries, Inc and Wenzhou Rockwell Transformer Co., Ltd.
Source: Report Linker