World Power Transformers Market Is Expected to Grow at a CAGR of 5.9% from 2014 to 2020: Grand View Research, Inc
The global power transformers market is expected to reach USD 18.55 billion by 2020, according to a new study by Grand View Research, Inc. Growing energy demand, on a global level, is expected to be the key driving force for the power transformers market over the next six years. Favorable regulatory scenario for the development of low noise and environmentally friendly transformers is also expected to drive the market over the forecast period.
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