Distribution
Transformer Market Analysis
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 Analysis.
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).
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