The new report by EMR titled, ‘Global Distribution Transformer Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global distribution transformer market, assessing the market based on its segments like type, phase, capacity, mounting, application, and major regions like North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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The key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 5%
The market for distribution transformer has seen substantial growth due to factors such improvements in transformation technology. Also, increased knowledge across different industries offers an enormous market opportunity for key players in the distribution transformer market. Increasingly, intelligent grids are being adopted through power delivery networks. In transmission, smart grids are more powerful and can easily restart the supply of electricity after power failures. They also have lower operating costs, thus reducing the cost of electricity for the customer. The need for distributive demand would be increased by the modernisation of power delivery systems. Consumer demand will also be improved by increased understanding of green energy. It is anticipated that developed countries’ investments in infrastructure would drive the development of the distribution transformer industry.
Industry Definition and Major Segments
The distribution transformer refers to the electrical equipment that is used in the electrical power distribution system to provide the final transition of the voltage. Electricity that works at higher voltages is adequately reduced and supplied to customers. They are used in commercial, manufacturing and household establishments for the supply of electricity with constant potential differences and frequencies.
Based on the type, the industry is divided into:
- Oil-Filled
- Dry Type
Based on the phase, the industry is divided into:
- Single Phase
- Three Phase
Based on the capacity, the industry is divided into:
- Below 500 kVA
- 500 kVA – 2500 kVA
- Above 2500 kVA
Based on the mounting, the industry is divided into:
- Pole-Mounted
- Pad-Mounted
- Underground Vault
The regional markets for distribution transformer include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
Geographically, one of the leading regions in the field of distribution transformers is the Asia Pacific region. In addition to increasing household incomes and urbanization, developing nations such as China and India have reported population growth at a rapid pace. This has contributed to a dramatic increase in electricity demand that is boosting the market for distribution transformers. Owing to the high per capita consumption of energy, the European and North American regions are also important market regions. Due to the creation of infrastructure and preferential policies by global intuitions, such as the World Bank to facilitate electrification, Latin America and Africa will also experience significant growth. Flammable liquids are used by oil-filled transformers for cooling, making them highly suitable for outdoor applications. With a longer service life and more stable overload capabilities, it is considered to be more effective.
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In order to increase the country’s electrification rate, which is expected to drive the oil-filled distribution industry, countries such as India and China are expanding their transmission and distribution networks. In India, for example, under the Pradhan Mantri Sahaj Bijli Har Ghar Yojana, the government aims at electrifying all households. China is investing heavily in renewable energy in a bid to decarbonize its power sector, creating enough potential for distribution transformers to grow the country’s market. It is predicted that the country will increase its average annual distribution network expenditure, thus boosting the market for oil-filled distribution transformers.
Key Market Players
The major players in the market are Eaton Corporation PLC, Mitsubishi Electric Corporation, Schneider Electric, Siemens AG, Hitachi ABB Power Grids Ltd, General Electric Company, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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