Distribution
Transformer Market Overview
A device that offers the
final voltage transformation in the electric power distribution system is
called a distribution transformer. It is used to curb the voltage utilized in
the distribution line to the stage used by the consumer. Distribution
transformers don’t function with the complete load as they are designed to
offer the highest efficiency at lower pressures. The voltage parameter in these
transformers is set at the lowest, and so they have low outflow reactance.
With the latent demand for efficient
and economically feasible electricity infrastructure, the need for distribution
transformers is also proliferated as one distribution transformer can feed
multiple homes in urban regions. Due to the lack of proper support, rural areas
pose a need for one distribution transformer per consumer, further propelling
the demand for distribution transformers in the industry.
Additionally, rising demand
for electric and automated vehicles, transformative developments in the battery
storage, and a rapid shift from conventional to renewable energy sources are
the factors contributing to the substantial growth of the global distribution
transformer market. Furthermore, burgeoning demand for energy across the globe
owing to rapid urbanization and industrialization is also projected to upsurge
the growth in the distribution transformer market.
Key Players
The report published by
Market Research Future has profiled many prominent players in the global
distribution transformers market. Such key players include Wilson Power
Solutions Ltd. (U.K), Emerson Electric (U.S.), Hitachi (Japan), Kirloskar
Electric Co. Ltd. (India), Wenzhou Rockwell Transformer Co., Ltd. (China),
ABB Ltd. (Switzerland), Eaton Corporation (Dublin), and General Electric
(U.S.). Mitsubishi Electric Corporation (Japan), Ormazabal (Spain), SPX
Transformer Solutions Inc. (U.S.), EREMU, S.A. (Spain), Lemi Trafo Jsc
(Bulgaria), Hammond Power Solutions Inc. (Canada), Bowers Electricals Ltd.
(U.K), Bharat Heavy Electricals Ltd. (India), and Crompton Greaves Ltd. (India).
Segmental
Analysis
The global distribution
transformer market is segmented on the basis of type, insulation, power rating,
and end use. The market has been segmented into oil immersed and dry on the
basis of insulation. Oil immersed transformers are expected to witness
significant growth during the forecast period due to its capability of removing
heat and ensuring the dielectric strength of the insulation. Based on power
rating the market is segmented into 0-315kVA, 316-2499Kva, 2500-10000kVA and
above 10000kVA.
Based on the type, the
distribution transformer is segmented into pole mounted, pad mounted, and
underground. The pad mounted segment is anticipated to witness substantial
growth during the forecast period due to its widespread use in the electric
power distribution. By the end user, the distribution transformer market is
segmented into industrial, commercial & residential, and utilities.
Browse Full Report at: https://www.marketresearchfuture.com/reports/distribution-transformer-market-2581
Regional Analysis
The global distribution
transformer market is segmented into North America, Asia Pacific (APAC), Europe,
and Middle East & Africa (MEA).
The Asia Pacific is
estimated dominated the market with the largest share of the distribution
transformer market, followed by Europe and North America. Within the Asia
Pacific, China has witnessed a strong push in demand for electricity in the last
two decades and is prophesied to continue doing the same. Such growth can be accredited
to rapid industrialization and increasing infrastructural developments.
Extensive power plant capacity additions, economic growth, and the rising need
to improve access to electricity are anticipated to drive growth for the distribution
transformer market in the emerging economies of the Asia Pacific.
Furthermore, developing
power T&D infrastructure, growing industrial expenditure and a growing
demand for replacement or refurbishment of the aging distribution transformers
are contributing to significant growth in the Asia Pacific. With India’s GDP
surpassing that of China in 2015, the increase for demand in India is
anticipated to gain most momentum during the forecast period.
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