The global distribution transformer market is projected to reach USD 17.61 Billion by 2021, at a CAGR of 6.57% from 2016 to 2021. This growth can be attributed to capacity addition plans due to high demand for electricity and growing renewable generation leading to increased demand for distribution transformers to supply the generated power to the loads.
Seattle, WA -- (SBWIRE) -- 06/23/2017 -- 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.
Browse 80 market data Tables and 50 Figures spread through 154 Pages and in-depth TOC on "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"
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Liquid immersed type transformer the largest transformer type under insulation type segment in the distribution transformer market
The liquid immersed type transformer under insulation type segment is expected to have the largest share in 2016. They are widely used in utility, industrial, and commercial applications due to their advantages such as energy efficiency, lower sound level, and much longer operating life. They can also be used in outdoor as well as indoor applications and are manufactured in accordance with the most demanding industry and international standards.
Pad-mounted transformer the largest transformer type under mounting type segment in the distribution transformer market
The pad-mounted transformer under mounting type segment occupied the largest market share in the distribution transformer market in 2015. The demand for pad-mounted transformers is expected to increase during the forecast period, due to their usage in a wide range of applications in ground distribution loads as well as their utilization for application in renewable energy installation.
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Asia-Pacific is expected to dominate the distribution transformer market
In this report, the distribution transformer market has been analyzed with respect to six regions, namely, Asia-Pacific, North America, Europe, the Middle East, South America, and Africa. Asia-Pacific is estimated to dominate the market, owing to factors such as developing power T&D infrastructure, growing industrial expenditure, and demand for replacing/refurbishing aging distribution transformers. According to Electric Power Research Institute, power demand in India is expected to double by 2025. India surpassed China in quarterly GDP growth in the last quarter of 2015. This was due to an economic slowdown in China, which is likely to make India one of the fast growing economies in the region and trigger the demand for additional power infrastructure.
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the distribution transformer market including ABB Ltd. (Switzerland), Siemens AG (Germany), Crompton Greaves Limited (India), General Electric (U.S.), and Eaton Corporation Plc. (Ireland) among others. These players are trying to penetrate high-potential economies and are adopting various methods to increase their market share.
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