Grand View Research has announced the addition of "Global Power Transformers Market Analysis And Segment Forecasts To 2020" Market Research report to their Database
San Francisco, California, USA., June 4, 2014 - (PressReleasePoint) -The global power transformers market is expected to reach USD 18.55 billion by 2020, according to a new study by Grand View Research, Inc. Growing energy demand, on a global level, is expected to be the key driving force for the power transformers market over the next six years. Favorable regulatory scenario for the development of low noise and environmentally friendly transformers is also expected to drive the market over the forecast period.
Increasing investment in power plant infrastructure in developing markets of Asia Pacific is expected to boost regional demand. The market in North America and Europe is expected to primarily be driven by need for replacing aging equipment. Smart grid and super grid development initiatives are expected to be a considerable opportunity for market participants. Volatility in prices of key raw materials such as steel and copper is expected to be a barrier for industry growth.
About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/
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