Pune, Maharashtra -- (SBWIRE) -- 04/20/2017 -- 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.
-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.)
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "Global Distribution Transformer Market Research Report - Forecast to 2022"
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Scope of the Report
This study provides an overview of the global distribution transformer market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global distribution transformer market as type, insulation, phase and power range.
Asia-Pacific is the largest growing market
On the basis of regions, global distribution transformer market is segmented as North America, Europe, Asia-Pacific and RoW. Asia-Pacific region dominates the distribution transformer market. Rapid expansions in the industrialization, construction & infrastructure activities as well as growing renewable sector in this region increase the demand of distribution transformer market in Asia-Pacific region. This region is expected to grow at the fastest pace during the forecast period and retain its majority by 2022.
North America and Europe is also expected to contribute significantly to the global distribution transformer market. Upgradation of existing transmission and distribution network are driving the demand of distribution transformer in these regions.
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