Research and Markets announces the addition Converter Transformer Market by configuration to 2020

2015-11-1

 Research and Markets has announced the addition of the "Converter Transformer Market by Configuration (Back-to-Back, Monopolar, Bipolar, and Multi-terminal), Voltage level, Application (Windfarms, Oil & Gas, and Grid interconnections), Power rating, and by Region - Global trends and forecast to 2020" report to their offering.

Converter transformer market is mainly driven by the increasing demand from fast growing economies such as India, and China which are expected to invest heavily in their transmission and distribution sector. Upgrade of ageing power infrastructure in the developed regions as well as increasing implementation of renewable power projects are also expected to provide attractive opportunities for the converter transformer market. This market is expected to grow from an USD 1 Billion in 2015 to USD 2.3 Billion by 2020 at CAGR of 18.2%.

The report caters to converter transformers manufacturers, dealers, and suppliers, raw material providers, consulting companies in the energy and power sector, government and research organizations, government utility providers, private utility providers, private customers, venture capital firms, and investment banks.

Asia - Pacific held the largest share in the converter transformer market in 2014. It is also expected to be the fastest growing market at a CAGR of 19.7% from 2015 to 2020. Europe is expected to be the second fastest growing market, at a CAGR of 18.2% during the forecast period. 

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