Overview The transformer market will witness a healthy growth from 2020 to 2026, a research report suggests. Growing at a CAGR of 6%, the market is projected to reach US$64,514.9 million by 2026. Increasing electrification drives is expected to support the market growth along with favorable government policies. As predicted by analysts, the closing of trade routes will negatively affect the...

Overview: Market Research Report Industrial control transformers are built for use in relays, solenoids, and other electromagnetic devices in many industrial applications. They include capacitors or other filtering devices to minimize performance fluctuations and are well-suited for low-power applications requiring constant current or constant voltage. The rapid expansion of power generation...

transformer industry Report Market Overview The market for the transformer industry is estimated to remain at a steady growth rate throughout the next years. The global electric consumption is more than ever before, and it will continue to do so. Industrialization in developing nations attract rising demand for the electric supply chain. Hence, the transformer...