Global Large Power Transformers Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of around XX % during a forecast period.
Global Large Power Transformers Market
The demand for large power transformers is driven by the state-run initiatives for the upgrade of out-of-date power grids with advanced equipment. Furthermore, increasing energy needs combined with technological advancement is a major driver in the Asia-Pacific region. India and China are anticipated to have a consistent demand for large power transformers, on account of the increasing electrification ratio in these countries.
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