Europe LV/MV Transformers market stood at $ 1.3 billion in 2018 and is projected to grow at a CAGR of around 4.6% to reach $ 1.7 billion by 2024
A new market research report introduced by TechSci Research provides an overall analysis of Europe LV/MV Transformers Market. The presented market report will incorporate all the major factors and advancements that assume an imperative role in market growth in the anticipated range of 10 years. It likewise introduces the overview of industry players, preferences, challenges the market is experiencing. The research report gives an entire comprehension of the Europe LV/MV Transformers Market in terms of revenue.
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Europe LV/MV Transformers market stood at $ 1.3 billion in 2018 and is projected to grow at a CAGR of around 4.6% to reach $ 1.7 billion by 2024, on account of rising technological advancements in transformers and integration of transformer monitoring systems in power systems. Moreover, government initiatives and schemes such as subsidies and incentives by governments of various countries for installation of solar power energy in order to reduce carbon emissions are further expected to boost demand for LV/MV transformers in the region. Moreover, establishment of various new trans-European energy networks along with integration of wind and other renewable energies are anticipated to further propel demand for LV/MV Transformers across Europe during forecast period.
Some of the major players operating in Europe LV/MV transformers market are ABB Ltd., Siemens AG., General Electric, CG Power and Industrial Solutions Limited, Schneider Electric SE, Eaton Corporation plc, Legrand SA, Mitsubishi Heavy Industries, Ltd., Hitachi Ltd., among others.
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Objective of the Study:
- To analyze and forecast Europe LV/MV Transformers market size.
- To define, classify and forecast Europe LV/MV Transformers market based on type, configuration, application and country.
- To scrutinize the detailed market segmentation and forecast the market size based on country by segmenting Europe LV/MV transformers market into eight countries namely, Germany, Russia, France, United Kingdom, Poland, Italy, Spain, and Switzerland.
- To identify drivers and challenges for Europe LV/MV transformers market.
- To evaluate product pricing and trends in Europe LV/MV transformers market.
- To strategically profile leading players operating in Europe LV/MV transformers market.
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