Global Power and Distribution Transformers Market Forecast and Opportunities, 2019

Bharat Book Bureau presents the new report, on "Global Power and Distribution Transformers Market Forecast and Opportunities, 2019” is expected to reach USD51 billion by 2019. Increasing demand for electricity is projected to drive new power projects along with transmission & distribution network expansion.

Over the past decade, rapid growth and development in infrastructure led to significant increase in the demand for electricity across the globe. Rising population and migration of people from rural areas to urban cities also created an unprecedented demand for reliable power supply systems worldwide. As a result, the demand for transformers has been increasing at a rapid pace across the globe. Although the power infrastructure in North America and Europe has matured, the demand for transformers in these regions is still growing at a notable pace due to rising electricity demand from industrial sector coupled ongoing upgrades in the existing power supply infrastructure. On the other hand, transformer installations in Asia-Pacific, South America and Middle East & Africa are increasing at a comparable rate due to growing electrification in developing nations like China, India and Brazil. Due to growing environmental concerns of carbon emissions, research and development efforts are in full swing to introduce as well as implement specialty transformer solutions to ensure sustainable development.

According to “Global Power & Distribution Transformers Market Forecast & Opportunities, 2019”, the global market for power & distribution transformers is expected to reach USD51 billion by 2019. Increasing demand for electricity is projected to drive new power projects along with transmission & distribution network expansion. This, in turn, is expected to drive power & distribution transformer installations worldwide. With rapid increase in urbanization and industrialization, new power & distribution transformers are likely to be deployed in emerging economies like...