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Global Medium Voltage Transformers Market Expected To Grow At A CAGR Of 6.3% Between 2016-2020

Growing energy demand foster increasing T&D network expansion projects is driving the power transformer market. According to a brand new research, the global Medium Voltage Transformers market is expected to grow at a CAGR of 6.3% over 2016-2020.
Geographically, the emerging market is the main contribution for the growth of Medium Voltage Transformers market; the Asia-Pacific and the Middle-East have emerged as attractive prospects for power transformer manufacturers because of the numerous T&D expansion projects being carried out in both regions. According to report, the Asia Pacific is witnessed to grow at a CAGR of 7.4% for the forecast period.
Asia-Pacific is projected to grow at the highest growth rate during the forecast period, especially in India and China. China had the most number of T&D network expansion projects; the State Grid Corporation of China (SGCC) has recently pushed for approval of a massive USD 250 billion upgrade plan that will link regional grids through 20 HVDC power corridors by 2020.
Regions such as Renewable generation sources are also being connected to main power grids, which are further increasing the demand for power transformers.
Medium voltage (MV) transformers are static electrical device that transfers energy by inductive coupling between its winding circuits. A varying current in the primary winding creates a varying magnetic flux in the transformer’s core and thus a varying magnetic flux through the secondary winding. This varying magnetic flux induces a varying electromotive force (emf) or voltage in the secondary winding. Transformers can be used to vary the relative voltage of circuits or isolate them, or both.
The global leading Medium Voltage Transformers companies such as Schneider Electric, ABB Ltd., CG, GE, Toshiba, Siemens, Hyundai, Mitsubishi Electric Corporation, Hyosung Power & Industrial Systems, B.H.E.L, and SPX Transformers among others.
Global Medium Voltage Transformers market share by region as following:

Read Full Report:  http://www.gosreports.com/global-medium-voltage-transformers-market-research-report-2016/
Joanna | Executive – International Business and partner Relations
E-mail: [email protected] | Tel: 1-510-400-8520
Web: www.gosreports.com
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Joanna | Executive - International Business and partner Relations
E-mail: [email protected] 
Tel: 001-510-400-8520
Web: www.gosreports.com