Large Power Transformers Market

According to a new research report published by Transparency Market Research (TMR), titled “Large Power Transformers Market - Global power Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, the global large transformers market was valued at US$18.35 billion in 2013. TMR states that the market will expand at a CAGR of 7.8% from 2014 to 2020 to reach US$31.05 billion by 2020. By volume, the demand for large power transformers will reach 18,709 units by 2020, increasing from 11,223 units in 2013 at a 7.7% CAGR from 2014 to 2020.The report states that easy availability of technologically improved products and increasing use of electricity in agriculture, industrial production, and domestic use is primarily driving the large power transformers market.

 Large Power Transformers Market

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