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.
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 analysis by 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.
Also Read:
https://uberant.com/article/749279-insulator-market-analysis-opportunities-and-segmentation-to-2025/
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