Monday 12 January 2015

Growing Electricity Demand from China and India Spurring Growth Prospects in the Industrial Transformer Market in the APAC Region

Reportstack has announced a new market research report on the Industrial Transformer Market in the APAC Region 2015-2019.   The emergence of advanced transformer component technologies is expected to trigger the increased adoption of transformers across various end-user segments, propelling the overall market growth. Advanced transformer components, such as bushes and tap changers, ensure the enhanced reliability and safety of transformers during operation. The Industrial Transformer market in the APAC region is expected to grow at a CAGR of 6.77 percent during 2014-2019.
“Demand for power generation, distribution, and power transmission has increased across various industries in India and China, which has resulted in higher demand for transformers in the countries,” .
“Increased demand for reliable power supplies, stemming from increased urbanization in India and China, has resulted in higher demand for transformers.”
To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

To view the table of contents and know more details please visit Industrial Transformer Market in the APAC Region 2015-2019.

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