North America Oil Filled Transformer Market to hit $10 billion by 2027, Says GMI
North America Oil Filled Transformer Industry is set to register over 4% CAGR between 2021 and 2027 driven by growing deployment of renewable energy coupled with rising infrastructural spending.
Selbyville, Delaware, June 01, 2021 (GLOBE NEWSWIRE)
The
North America Oil Filled Transformer Market value is projected to cross USD 10 Billion by 2027, as reported in the latest study by Global Market Insights, Inc. on account of increasing expenditure toward the modernization of electric infrastructure and increasing energy consumption. Government regulations toward the establishment of renewable networks along with ongoing refurbishment of ageing grid infrastructure will augment the industry landscape. Expansion of road & rail networks primarily across emerging nations coupled with extensive investments across the transportation sector is set to fuel the product demand.