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Distribution Transformer Market Share, Trend, Competitor Strategy And Forecast To 2022
- May 09, 2017 -

Distribution Transformer market share, Trend, Competitor Strategy and Forecast to 2022

MAY 08, 2017 --

"Distribution Transformer Market is Expected to Grow at a CAGR of 6% from 2016 to 2022"
Global Distribution Transformer Market Information by Type (Pole Mounted, Pad Mounted, And Underground), by Phase (Single & Three), by Insulation (Oil- immersed, and Dry), by Power Range (0-315kVA, 316-2499Kva, 2500-10000kVA and above 10000kVA) and by Region - Forecast to 2022

Market Highlights

Transformers that are used for electric power distribution purpose are referred to as distribution transformers. Distribution transformers provide the necessary power for systems and buildings in the last transformation step from the power station to the consumer. The rising production of renewable energy to reduce the dependence on fossil fuels is fueling the demand of high voltage distribution transformers to move large amounts of renewable power over long distances. Additionally, rapid urbanization and smart city initiatives are also driving the demand of distribution transformer market. However, the lack of suitable testing facilities for transformers may hamper the growth of distribution transformer market.

The global distribution transformer market is expected to grow at CAGR of 6% by 2022

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Market Research Analysis 

On the basis of insulation, global distribution transformer market is segmented into oil- immersed, and dry. Out of them, oil-immersed accounted for the largest share in insulation segment mainly due to advantages such as energy efficiency, lower sound level, and longer operating life. Due to these factors oil- immersed type transformer is widely being used in utility, industrial, and commercial applications. Also, the growing focus on safety and environment protection is driving the demand of dry type transformers.

Asia-Pacific is the largest market for the global distribution transformer market mainly due to rapid expansions in the industrialization, construction & infrastructure activities. It is expected to grow at the fastest pace during the forecast period.

Key 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),

  • Bowers Electricals Ltd (U.K.)