Transformer Market Size 2021 | Industry Analysis by Ongoing Trends and Forecast To 2025

The global transformer market is expected to grow from $184.21 billion in 2020 to $202.08 billion in 2021 at a compound annual growth rate (CAGR) of 9.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $266.73 billion in 2025 at a CAGR of 7%.

The Business Research Company offers Transformer Global Market Report 2021" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

Place a DIRECT PURCHASE ORDER of the report @ https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3866

The transformers market consists of sales of transformers and related services which are used in manufacturing of power, distribution and specialty transformers. A transformer transfers energy form one circuit to another. Transformers increase or decrease voltage and current level, increase or decrease capacitor value, prevent direct current from passing between two circuits and isolate circuits.

Some of the key players involved in the Transformer Market are ABB, General Electric Corporation, Schneider Electric S.A., Mitsubishi Electric Corporation, Schneider Electric, Mitsubishi Electrics, Toshiba Corporation, Siemens, SGB-SMIT and Hammond Power Solutions.

The countries covered in the global Transformer market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.

The regions covered in the global Transformer market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Transformer Market Segmentation:
By Transformer Type
1. Power Transformer
2. Distribution Transformer

Browse Complete Report @ https://www.thebusinessresearchcompany.com/report/transformer-global-market-report

A Few Points From The Table Of Contents
1. Executive Summary
2. Transformers Market Characteristics
3. Transformers Market Trends And Strategies
4. Impact Of COVID-19 On Transformers
5. Transformers Market Size And Growth
……
26. Africa Transformer Market
27. Transformer Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Transformer Market
29. Transformer Market Future Outlook and Potential Analysis
30. Appendix

The report covers the trends and market dynamics of the Transformer Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

Request for a Sample Copy of this report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=3866&type=smp

Contact Information:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow our blog: http://blog.tbrc.info/

About Us:
The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology. TBRC excels in company, market, and consumer research.

This release was published on openPR.