Global Large Power Transformers Market was valued US$ XX Bn in 2018 and is expecte d to reach US$ XX Bn by 2026, at a CAGR of around XX % during a forecast period.
To know about the Research Methodology:-Request Free Sample Report The demand for large power transformers is driven by the state-run initiatives for the upgrad e of out-of-date power grids with advanced equipment. Furthermore, increasing energy need s combined with technological advancement is a major driver in the Asia-Pacific region. Indi a and China are anticipated to have a consistent demand for large power transformers, on a ccount of the increasing electrification ratio in these countries. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue o f market leaders, market followers and disrupters in the report and same is reflected in our a nalysis.= Factors like rising energy needs and favorable government policies are dynamic large powe r transformers market. On the flip side, though, high investment costs and volatility of raw m aterial prices are hindering the market. By power rating, most extensively used large power transformers globally are the segment w ith power rating 100 MVA to 500 MVA. This segment is anticipated to constantly dominate gl obal large power transformers market during the forecast period. Globally, Asia Pacific leads the market with a significant share and this region is anticipated to maintain its dominance in the coming few years. The increasing energy demand and the r ising focus on technological advancements are the key factors that are projected to enhance the growth of the Asia Pacific market in the future. Furthermore, the presence of numerous n ew players is another major factor that is expected to accelerate the growth of the market in the coming few years. Also, the Middle East and Africa are projected to register a promising