A new report titled “Medium Voltage Transformers Market: Global Industry Analysis and Opportunity Assessment 2015-2025” has been made available by Future Market Insights.
According to the report, the global medium voltage transformers market is expected to expand at a promising CAGR during the forecast period 2015-2025, reports NewsMaker.
Rising urbanization and growing energy demand, transmission expansion to integrate renewable energy resources and new capacity addition in thermal and nuclear power generation are some of the key factors driving the growth of the global medium voltage transformers market.
A few restraints to the growth of the market include price fluctuation of raw material, maintenance and aging costs, and compliance with specifications, quality and testing.
Some of the key market participants in global medium voltage transformers market are ABB, Schneider Electric, Siemens, Crompton Greaves Ltd, Eaton Corporation, Emerson Industrial Automation, Mitsubishi Electric, Hammond Power Solutions, Kirloskar Electric, and SMA America LLC.