NEW YORK, Nov. 03, 2017 (GLOBE NEWSWIRE) — The global power Transformers Market was valued at USD 22,390.5 million in 2016, and is expected to reach USD 37,622.8 million by 2023, growing at a CAGR of 7.7% from 2017 to 2023. The key factors driving the growth of the global power transformers market are accelerating demand for smart grids, development of transmission and distribution networks and increasing cross country electricity trade. Governments are taking initiatives by spending huge installation and logistics costs on replacing old power transformers, with the focus of meeting ever-growing electricity demands. The trend to deploy power […]