Frequently Asked Questions
What value is the transformer market expected to touch by 2027?
The transformer market is projected and estimated to touch USD 375.79361 billion by 2027.
What CAGR is the transformer market expected to exhibit by 2027?
The transformer market is expected to exhibit a CAGR of 6.31% by 2027.
Which are the driving factors of the transformer market?
Harmful effects of using fossil-based fuels are creating several environmental related concerns. Therefore, actions have been taken to implement renewable sources of energy with the help of transformers.
Which are the top companies operating in the transformer market?
Mitsubishi, TBEA, Hitachi, XD Group are some of the top companies that are operating in the transformer market.