Power Transformers Market Size 2013 - 2019

Transparency Market Research

Power Transformers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

Published Date 16-Oct-2013

85 Page Report

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Global Power Transformers Market is Expected to Reach USD 28.69 Billion in 2019: Transparency Market Research

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Power Transformers Market

REPORT DESCRIPTION

Power Transformers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 According to a new market report published by Transparency Market Research "Power Transformers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the market was valued at USD 17.12 billion in 2012, which is expected to reach USD 28.69 billion by 2019, growing at a CAGR of 7.7% from 2013 to 2019. In terms of volume, the demand for power transformers was 10,474 units in 2012, which is expected to reach 17,283 units by 2019, growing at a CAGR of 7.5% from 2013 to 2019. Browse the full report at Power Transformers Market http://www.transparencymarketresearch.com/power-transformer-market.html Increase in demand for energy on a global scale is expected to drive the power transformers market over the next few years. In addition, need for upgrading aging equipment is estimated to be a critical success factor for profitability of industry participants. Growing awareness regarding the importance of low carbon emissions and the need for energy conservation has led to the development of smart grids and super grids. This is expected to be a significant opportunity for market growth over the forecast period. Volatility in the prices of raw materials such as Cold Rolled Grain Oriented (CRGO) steel and crude oil is expected to act as a restraint to the industry in the...