“This report estimates the global converter transformer market in terms of value in USD million. This has been broken down into regions, and further split into countries.
Increased focus on renewable energy generation has been a key trend in the global power industry scenario. Countries are progressively investing into renewable power projects to ensure sustainable increase in their unconventional power generation capabilities thereby reducing the dependence on fossil fuels. Integration of these upcoming renewable power projects as well as the existing ones into the existing grid is key factor contributing to the growth of converter transformer market.
The size of the overall market has been determined by forecast techniques, based on region-wise investments on HVDC transmission projects. The market is expected to grow at a very high CAGR of approximately 18.2% from 2015 to 2020.
The report provides a full analysis of key companies and competitive analysis of developments recorded in the industry during the past four years. Market drivers, restraints, and opportunities of the market have been discussed in detail. The leading players of the market such as ABB Ltd. (Switzerland), General Electric (U.S.),
Siemens (Germany), and Crompton Greaves (India) have been profiled in this report.
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