Global 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.
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.
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.
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).
Related
Reports: https://uberant.com/article/679761-high-voltage-insulator-market-size-sales-revenue-comprehensive-research-2025/
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