Transformers Market 2021-2030: A brief review of Trends, Share, Size, CAGR, Deta
Posted by ramacharitbrc on December 8th, 2021
Transformer Global Market Report 2021 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography. It covers the historic period – 2015-2020, and the forecast period – 2021-2025, with additional forecasts for 2025-2030. The report helps gain a truly global perspective as it covers 60 geographies, focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
TBRC’s market report includes a chapter on the COVID-19 impact on the transformer industry, which gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market and how companies can strategize to bounce back from it. With updated market numbers according to the effects of the coronavirus, the report provides the most accurate expected transformer market growth numbers from 2021-2030.
The global transformer market is expected to grow from 4.21 billion in 2020 to 2.08 billion in 2021 at a compound annual growth rate (CAGR) of 9.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach 6.73 billion in 2025 at a CAGR of 7%.
The Transformer Global Market Report 2020-30 by The Business Research Company evaluates transformer market size, growth rate, drivers, transformer industry trends, and major companies.
The transformer market segments in the report are:
1) By Transformer Type: Power Transformer, Distribution Transformer|
3) By End User: Utility, Residential & Commercial, Industry
The table of contents in TBRC’s transformer market report includes:
Asia: +91 88972 63534
Americas: +1 315 623 0293
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