Transformer is a very diverse subject
areas, it comprises from small to very large systems. Transformer is broadly
segmented into distribution transformer, power transformer and others
(instrument transformer). Transformer systems have been dominating the
renewable energy market as well conventional market in recent years because of
the ability to transmit & distribute the energy in form of electricity and
supply according to end user needs.
Rapid residential expansion coupled with
favourable inclination towards the integration of a sustainable electrical
network will drive the distribution transformer market size. Moreover, the
market is driven by various factors such as rise in transmission &
distribution infrastructure investments and growth in renewable energy sector.
This is mainly because, transformer systems are highly efficient transmission
& distribution equipment. However, the growth of the market can be hindered
by the due high initial capital cost of transformer and reluctance to replace
aging Infrastructure.
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Prominent
Players:
ABB Ltd. (Switzerland), Siemens AG
(Germany), Crompton Greaves Limited (India), General Electric (U.S.), Eaton
Corporation Plc. (Ireland), Bharat Heavy Electricals Ltd (India), Diamond Power
Infrastructure Ltd (India), Bemag Transformer Inc. (Canada), and Bowers
Electricals Ltd (U.K.) are some of the prominent players profiled in MRFR
Analysis and are at the forefront of competition in the Global Distribution
Transformer market.
Competitive
Analysis
Distribution Transformer market appears to
be competitive with the presence of several large and small players operating
in the Distribution Transformer Market. These Key players compete based upon
pricing, quality, Technology and reputation. Distribution Transformer market
demonstrates a high growth potential which is likely to attract many entrants
to the market resulting in to intensified competition further. Moreover,
manufacturers mainly ensure to deliver the best quality products based on
innovative technologies, and best practices.
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Industry/
Innovation/ Related News:
14 March 2017: ABB launches world’s first
digital distribution transformer. Integrated sensing and monitoring technology
in ABB’s new TXpert™ transformer will provide intelligence to maximize
reliability, optimize operating and maintenance costs and manage the asset more
efficiently.
In 2016, Siemens, one of the most
innovative suppliers of distribution transformers, signed a contract to supply
the Iraqi market with 1,250 distribution transformers. The total order is about
€9 million.
9 July, 2015: GE Introduced
Next-Generation Transformer which provides customers safer, more
environmentally friendly transformer for urban applications.
Distribution
Transformer Market - Segments:
Global Distribution Transformer Market is
segmented in to 5 Key dynamics for an easy grasp and enhanced understanding.
Segmentation by Type: Pole Mounted, Pad
Mounted, and Underground
Segmentation by Phase: Single & Three
Segmentation by Insulation: Oil- immersed
and Dry
Segmentation by Power Range: 0-315kVA,
316-2499Kva, 2500-10000kVA and above 10000kVA
Segmentation by Regions: Comprises
Geographical regions - North America, Europe, APAC and Rest of the World.
Regional
Analysis:
Asia-Pacific held the largest market share
within distribution transformer market, followed by North America and Europe.
China has seen strong growth in the demand for electricity in the past couple
of decades, due to high levels of industrialization and infrastructural
developments. The continuous need to update and upgrade existing distribution
infrastructure to serve the growing demand for electricity will lead to a
positive growth of the transformer market over the forecast period. In the emerging economies of Asia-Pacific,
extensive power plant capacity additions, economic growth, and the need to
improve access to electricity are driving grid expansion and the distribution
transformer market.
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