Market Research Reports : Hexa Research Power Transformer Market Insights,2016-2024

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Power Transformer Market Share, Size, Analysis, Growth, Trends and Forecasts, 2016 to 2024 | Hexa Research The global power transformer market was projected over USD 11, 295 units in 2015. It would grow at nearly 6.1 percent CAGR during 2016 to 2024. The market, with regards to size, was over USD 18 billion in 2015. It finds usage across mining, chemical plants, etc. Wider demand for these transformers from the aforementioned applications should drive the market in the forecast period (2016 to 2024). Demand for electricity from developing & developed nations coupled with higher infrastructural spending is likely to be the key market propeller. Supportive ‘smart grid’ policies have furthered the demand for smart meters, thus promoting market sales. Moreover, regulations for the installation of sophisticated ‘power transformers’ can raise market demand in the near future. Browse Full Report with TOC @ https://www.hexaresearch.com/researchreport/power-transformer-market Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/