Transformer Market: Global Industry Information, Trends and Forecast to 2022 by Brisk Insights

Nottingham, United Kingdom, June 11, 2016 --(PR.com)-- As stated in a recently published report by Brisk Insights, the Transformer Market is expected to grow at the CAGR of 6.3%% during 2015-2022. The segmentation of the transformers market is based on type and geography. The information on the Transformers Market Forecast, 2015-2022 (by type and geography) provides detailed summary as well as forecasted analysis of the market.

Increasing demand of energy as well as advancements of existing networks in various developed countries is expected to boost the market during the forecasted period of the study. Increasing demand and favorable government initiatives are the major drivers for global transformer market which is forecasted to grow in next 5 to 6 years.. There is an increasing focus on high investment by developing countries in power plant infrastructure and specifically to emerging economies.

This helps in increasing transformer market growth in the future. Some of the challenges faced by the transformers market are imports of low grade materials and intensive prices of metal. This is the major challenge for transformers market.

Detailed study on this Research : http://www.briskinsights.com/report/transformer-market