- The key vendors in the Industrial Transformer Market in the APAC Region 2015-2019 are ABB Ltd., Alstom Power and Siemens Energy.
London, 07 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Industrial Transformer Market in the APAC Region 2015-2019. The emergence of advanced transformer component technologies is expected to trigger the increased adoption of transformers across various end-user segments, propelling the overall market growth. Advanced transformer components, such as bushes and tap changers, ensure the enhanced reliability and safety of transformers during operation. The Industrial Transformer market in the APAC region is expected to grow at a CAGR of 6.77 percent during 2014-2019.
“Demand for power generation, distribution, and power transmission has increased across various industries in India and China, which has resulted in higher demand for transformers in the countries,” says Faisal Ghaus, Vice President of TechNavio Research.
“Increased demand for reliable power supplies, stemming from increased urbanization in India and China, has resulted in higher demand for transformers.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
