Global Electrical Transformer Market Trend, Outlook, Overview : 2016-2021
Ceskaa Research projects that the global market for transformers will grow from $31.0 billion in 2015 to $33.4 billion in 2016 at a year-on-year growth rate of 7.7%. In addition, the market is expected to grow at a five-year CAGR of 8.0% from 2016 to 20121, to reach $49.1 billion by the end of the forecast period.
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