Market Scenario Market Research Future (MRFR), in its latest Transformer Market Size 2020, reveals different governing factors of the market. An in-depth study of the impact of COVID 19 on the transformer market is supplemented with the report. As per MRFR study, the expansion of the transformer market can thrive at 7.43% CAGR across the forecast period. The increase in the...

Market Analysis  The global modular substation market is predicted to touch USD 22.61 billion at a healthy 9.05% CAGR between 2019- 2024, states the recent Market Research Future (MRFR) analysis. Modular substations help in transforming voltages and performing other functions such as switching, protection, and monitoring. It has three separate modules- medium voltage equipment,...

The global power transformer market is touted to experience a stellar 8.64% CAGR during the assessment period, as per the analysis of MRFR. Power transformers are a reliable source of energy backup for power and utility sectors. It can contribute to the reduction of energy emissions in several sectors and handle energy loads to support the use of generators and grids. Power transformers are...