Global Special Transformer Market: Restraint
The materials used in special transformers are copper, steel, and aluminium. Increase in prices of raw material inadvertently increases the price of special transformers. This in turn affects growth of the special transformer market over the forecast period. For instance, according to the Coherent Market Insights’ analysis, the price of the steel was US$ 522.94 per metric ton in 2016 and it increased to US$ 618.86 metric ton in 2017.
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