Global Power Transformer Market - Industry Trends, Opportunities and Forecasts to 2023
The global power transformer market was valued at US$22.789 billion in 2017 and is projected to expand at a CAGR of 8.45% over the forecast period to reach US$37.086 billion by 2023. Power Transformers are electrical devices used to change the voltage of electricity flowing in the circuit. They can either be used to increase the voltage or decrease the voltage, also known as stepping up and stepping down. India and China from the Asia Pacific region hold the largest...
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