Global Large Power Transformers Market to Be Propelled by Updation of Existing Networks in Developed Economies
The rapid rise in demand for energy in the global arena has propelled the global large power transformers market to a great extent. Teeming with opportunities, the market stood at US$18.35 billion in 2013 and is expected to expand at a CAGR of 7.8% from 2014 to 2020, reaching an expected value of US$31.05 billion by 2020.
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