Asia Pacific Power Transformers Market Analysis By Rating, Size, Share, Trend, Competition, Future Growth 2024
Asia-Pacific power transformers market is expected to grow at a CAGR of around 8% during the forecast period. Asia-Pacific power transformers market is majorly driven by the ongoing infrastructural developments & upgradation of the current prevalent network . Furthermore, various initiatives by the governments in the form of increasing investments in the energy sector and formulation of policies to increase the popularity of renewable sources of energy is expected to foster the market during forecast period. The Asia-Pacific power transformers market is segmented based on rating, cooling method, product type, application, country and company. Based on rating, the market can be categorized into small power transformers, medium power transformers and large power transformers. The small power transformers are expected to hold significant market share during the forecast period owing to its widespread applications in small industries and ability of customization according to the ...