Large Power Transformers Market: Extensively Used By The Majority Of Industries Forecast 2015 - 2022
A new research report published by Transparency Market Research states that the global large power transformers market is poised to grow at a positive pace in the coming years. The report, titled “ Large Power Transformers Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020 ”, includes a comprehensive view of the market that has been compiled using credible research resources and accurate analysis techniques. According to the research report, the global large power transformers market was worth US$18.3 bn in 2013. From 2014 to 2020, the market is expected to grow at a CAGR of 7.80% to reach a figure of US$31 bn by 2020 in terms of revenue. In terms of volume, the demand for large power transformers stood at 11,223 units in 2013 and is expected to reach 18,709 units by 2020, growing at a CAGR of 7.70% from 2014 to 2020. The stupendous growth of the global large power transformers market will be attributable to the several environment...