Asia-Pacific to Dominate Global Pad Mounted Transformers Market
Rapid urbanisation and increasing technological advancements are expected to drive global pad mounted transformers market during forecast period According to TechSci Research report, “ Global Pad Mounted Transformers Market By Insulation Type, By Phase, By Rated Power , By End User, By Region, Competition, Forecast & Opportunities, 2024 ” , global pad mounted transformers market was valued at USD4.5 billion until 2018 and is estimated to grow with an impressive CAGR during the forecast period on account of increasing efforts by key market players to combine engineering, focused architecture, and logistics in order to produce highly capable machinery and equipment. Moreover, rapidly emerging industries coupled with imminent mergers & acquisitions by major market leaders is expected to bolster the growth of global pad mounted transformers market over the coming years. Furthermore, rapid urbanization and increasing population across the globe has resulted in...