The report "Distribution Transformer Market by Mounting (Pole, Pad, and Underground), Insulation (Dry and Oil Filled), Phase (Single and Three), Power (Up to 0.5 MVA, 0.5 MVA–2.5 MVA, 2.5 MVA–10 MVA, Above 10 MVA), and Region - Global Forecast to 2021", The distribution transformer market is projected to grow from an estimated USD 12.81 Billion in 2016 to USD 17.61 Billion by 2021, at a CAGR of 6.57% from 2016 to 2021. Factors such as growing demand for power & increasing distribution capacity plans worldwide are driving the market.

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Browse 80 market data Tables and 50 Figures spread through 154 Pages and in-depth TOC on "Distribution Transformer Market - Global Forecast to 2021"

Rapidly growing demand for power globally and various upcoming power and distribution grid upgrade projects worldwide are expected to drive the demand for the distribution transformer market during the forecast period of 2016–2021. Investment in T&D and developments in reliable power network are the main reasons for the growing demand for distribution transformers. Reliable power supply and efficient networks can be developed by installing new distribution transformers as well as refurbishing/replacing the aging transformers.

Leading companies in the distribution transformer market are focusing on contracts & agreements, mergers & acquisitions, new product launches, and expansions to broaden their product portfolio. Contracts & agreements and expansions were the most widely adopted growth strategies in the market from 2012 till August 2016. Industry players that adopted these strategies include ABB Ltd. (Switzerland), BRUSH Electrical Machines Ltd. (U.K.), and Lemi Trafo JSC (Bulgaria) among others.

The distribution transformer market has also been classified based on mounting type into pad, pole, and underground vault. The demand for pad-mounted transformers is expected to increase during the forecast period, due to its usage in a wide range of applications in ground distribution loads as well as their utilization for application in renewable energy installation.

Based on power rating, the distribution transformer market has been segmented into power ratings ranging up to 500 kVA, 501 kV–2,500 kVA, 2,501 kVA–10,000 kVA, and above 10,000 kVA. The distribution transformers ranging from 2,501 kVA–10,000 kVA are widely used in industrial and commercial sectors due to high power consumption as compared to residential power consumption.

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