Global Electrical Transformer Market: 2016-2021

Ceskaa Research projects that the global market for transformers will grow from $31.0 billion in 2015 to $33.4 billion in 2016 at a year-on-year growth rate of 7.7%. In addition, the market is expected to grow at a five-year CAGR of 8.0% from 2016 to 20121, to reach $49.1 billion by the end of the forecast period.

The major players in electrical transformer market are ABB Ltd. (Switzerland), Powell Industries Inc. (U.S.), Schneider Electric SE (France), Bharat Heavy Electricals Ltd. (India), Crompton Greaves Ltd. (India), Eaton Corp. (Ireland), Hyosung Corp. (South Korea), Mitsubishi Electric Corp.(Japan), GE Co. (U.S.) and OJSC Power Machines (Russia) among others.

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