- The key vendors in the instrument transformers market in the Americas 2015-2019 are ABB Ltd., Alstom Grid, Schneider Electric Co. and Siemens AG
London, 13 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the instrument transformers market in the Americas 2015-2019. Development of next-generation transformers is one of the key trends emerging in this market. Several vendors are developing advanced transformers with enhanced functionality to consolidate their existing market position. They are incorporating high-grade steel and copper to boost the manufacturing of high-end power transformers. The instrument transformers market in the Americas is estimated to grow at a CAGR of about 6.89% over the forecast period 2015-2019.
“Latin America is expected to see huge growth in the instrument transformers market because of the rise in infrastructure,” says Faisal Ghaus, Vice President of Technavio Research.
“Investments in the energy infrastructure are expected to increase along with rapid development and urbanization in emerging cities among the Latin American nations.”
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%…
