Bangladesh Power & Distribution Transformer Market (2021-2027)
According to 6Wreaserch, Bangladesh Power & Distribution Transformer Market size is projected to grow at a CAGR of 4.2% during 2021-27F. The government has implemented programmes to improve the power supply in the country, with one of the plans being Energy Efficiency and Conservation Master Plan 2030 that is focussed towards increasing the electricity generation capacity of the country over the coming years. The power sector of the country has embarked the top most priority coupled with the renewable energy playing a vital role in meeting the demand for electricity especially in the off-grid areas of the country. The government has set a target to generate about 15% of the total electricity from renewable energy resources over the coming period, thereby strengthening the power sector and creating numerous opportunities for the transformer market in the country. Further, upcoming construction projects such as Rooppur Nuclear Power Plant, Padma Bridge among many others require the installation of power and distribution transformers to achieve higher efficiency for meeting the increased electricity consumption thereby driving the aforesaid market over the forthcoming period.
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Key Highlights:
Bangladesh Power & Distribution Transformer Market Overview
Bangladesh Power & Distribution Transformer Market Outlook
Bangladesh Power & Distribution Transformer Market Forecast
Market Drivers and Restraints
Porter’s Five Force Analysis
Market Opportunity Assessment
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