Power Transformer Market Revenue, Growth Factors, Trends, Key Companies, Forecast To 2030
Power Transformer Market Analysis: Power Transformer Market size is expected to outstretch USD 34,510.2 Million with 8.64% CAGR between 2022 to 2030. Global Power Transformer Market – Geographical Analysis The Asia Pacific region leads the global power transformer market. Factors such as continuous efforts to update and upgrade existing distribution channels and the transmission infrastructures in the region drive the power transformer market size. Besides, rising government initiatives to serve the growing electricity demand and improvise access to electricity, alongside the stable economic growth in the region, add to the power transformer market value. Rising foreign direct investments (FDI) to expand infrastructures and large-scale power plants fuel the power transformer market shares. India, Japan, and China have emerged as key markets due to continuous upgrades in existing distribution infrastructures. Moreover, extensive power plant capacity additions and the need to...