Press release
Distribution Transformer Market Technological Advancement And Industry Segmentation Forecast to 2022| Top key Players: ABB Ltd. Siemens AG, General Electric, Eaton Corporation Plc.
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.”
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.
Top key Player:-
• ABB Ltd.
• Siemens AG
• General Electric
• Eaton Corporation Plc.
• Bemag Transformer Inc.
• Bowers Electricals Ltd
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Distribution Transformer Market - Segments:
Global Distribution Transformer Market is segmented in to 5 Key dynamics for an easy grasp and enhanced understanding.
Segmentation by Type: Pole Mounted, Pad Mounted, and Underground
Segmentation by Phase: Single & Three
Segmentation by Insulation: Oil- immersed and Dry
Segmentation by Power Range: 0-315kVA, 316-2499Kva, 2500-10000kVA and above 10000kVA
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
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.
Industry/ Innovation/ Related News:
14 March 2017: ABB launches world’s first digital distribution transformer. Integrated sensing and monitoring technology in ABB’s new TXpert™ transformer will provide intelligence to maximize reliability, optimize operating and maintenance costs and manage the asset more efficiently.
In 2016, Siemens, one of the most innovative suppliers of distribution transformers, signed a contract to supply the Iraqi market with 1,250 distribution transformers. The total order is about €9 million.
9 July, 2015: GE Introduced Next-Generation Transformer which provides customers safer, more environmentally friendly transformer for urban applications.
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Regional Analysis of Global Distribution Transformer Market
Asia-Pacific dominates the global distribution transformer market followed by North America. Rapid expansions in the industrialization as well as growing renewable sector in this region, increase the demand for distribution transformers. This region is expected to grow at a rapid pace during the forecast period. North America is expected to grow at a significant pace mainly due to upgrading the existing distribution transformer.
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