Power Transformer Market - 2024: Future Growth and Market Insights of Leading Players Siemens, GE, ABB, Crompton Greaves, Schneider Electric, Mitsubishi Electric, Toshiba
Power transformer market will exceed USD 35 billion by 2024. Ongoing expansion of utility aided transmission & distribution networks to sustain the growing energy demand across the globe will drive the power transformer market size. Rising investments to refurbish the existing grid infrastructure across developed regions further proliferate the product penetration. In addition, increasing demand for rural electrification coupled with favorable regulatory framework across emerging electricity market will further complement the business outlook.
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