India: Transformer Market in India 2014-2018, a new market research report has been announced.
The research analysis forecasts that the transformer market in India will grow at a CAGR of 12.68 % between 2014-2018. The analysis is based on two product segments in India: power transformers and distribution transformers, and has been prepared in-depth by market analysis with inputs from industry experts.
The report itself focuses on India and includes growth prospects of the transformer market in the coming years, reports WhaTech.
It also includes a discussion of the key vendors operating in this market: ABB Ltd, Alstom SA, BHEL, Crompton Greaves Ltd and Siemens AG. Other prominent players mentioned are EMCO Ltd, Bharat Bijlee Ltd, IMP Powers Ltd, Kirloskar Electric Company Ltd, Prolec GE International S de R.L de C.V, Transformers & Rectifiers (India) Ltd, Vijai Electricals Ltd and Voltamp Transformers Ltd.
Increasing production of electricity in India had been identified as the key market driver in the report.