Global Distribution Transformer Market - Overview

Global Distribution Transformer market is growing with the rapid pace; mainly due to advancement in technologies. According to a recent study report published by the Market Research Future, The global market of Distribution Transformer is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).

Transformer is an electrical device that transfers electrical energy between two or more circuits through electromagnetic induction. Transformer are used to increase or decrease the alternating voltages in power applications. It works on the principle of Faraday’s Law of Electromagnetic Induction which states that “the magnitude of voltage is directly proportional to the rate of change of flux.”

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Transformer is a very diverse subject areas, it comprises from small to very large systems. Transformer is broadly segmented into distribution transformer, power transformer and others (instrument transformer). Transformer systems have been dominating the renewable energy market as well conventional market in recent years because of the ability to transmit & distribute the energy in form of electricity and supply according to end user needs.

Industry Segmentation

The distribution transformer market has also been classified based on 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. Globally, advancing smart transformer technologies coupled with stringent energy efficiency compliances will comprehensively augment the global distribution transformer market.

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Regional Analysis

Asia-Pacific held the largest market share within distribution transformer market, followed by North America and Europe. China has seen strong growth in the demand for electricity in the past couple of decades, due to high levels of industrialization and infrastructural developments. The continuous need to update and upgrade existing distribution infrastructure to serve the growing demand for electricity will lead to a positive growth of the transformer market over the forecast period. In the emerging economies of Asia-Pacific, extensive power plant capacity additions, economic growth, and the need to improve access to electricity are driving grid expansion and the distribution transformer market.

Competitive Analysis

Distribution Transformer market appears to be competitive with the presence of several large and small players operating in the Distribution Transformer Market. These Key players compete based upon pricing, quality, Technology and reputation. Distribution Transformer market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further. Moreover, manufacturers mainly ensure to deliver the best quality products based on innovative technologies, and best practices.

Prominent 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), and Bowers Electricals Ltd (U.K.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Distribution Transformer market.

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