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Distribution Transformer Market Size, Share, Growth Rate, Current Trends, Development Strategy | Industry Other Analytical Data and Forecast to 2023

07-27-2018 12:33 PM CET | Energy & Environment

Press release from: Market Research Future

Distribution Transformer Market Size, Share, Growth Rate,

Market Overview:-

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.

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An efficient, economically feasible, and eco-friendly electricity infrastructure is the backbone of modern civilization. Recent years have experienced noticeable trends in power industry, be it smart grid concepts, rising demand for electrical and automated vehicles, transformation in battery storage, rapid energy transition from conventional to renewable. The ever-rising demand for power is due to the factors such as industrialization and urbanization, increasing technological appliances, and rising economy of nations. All these trends are somehow related to the increased demand for power. However, according to BP stats 2017, in Asia Pacific, the total electricity generated in 2016 was 10904.7 TWh, while the overall consumption was only 9,331 TWh. This paves the way for a higher demand for power distribution infrastructure to bridge the gap of supply and demand.

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.

Industry Top Key Players:-

The major players operating in the market of global distribution transformer are Wilson Power Solutions Ltd (U.K), Emerson Electric (U.S.), Hitachi (Japan), Kirloskar Electric Co. Ltd. (India), Wenzhou Rockwell Transformer Co., Ltd. (China), ABB Ltd (Switzerland), Eaton Corporation (Dublin), and General Electric (U.S.). Mitsubishi Electric Corporation (Japan), Ormazabal (Spain), SPX Transformer Solutions Inc. (U.S.), EREMU, S.A. (Spain), Lemi Trafo Jsc (Bulgaria), Hammond Power Solutions Inc. (Canada), Bowers Electricals Ltd (U.K), Bharat Heavy Electricals Ltd (India), and Crompton Greaves Ltd. (India) are among others who are exceedingly proficient to offer the finest solutions to the industry.


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Global Distribution Transformer Market Analysis:-

Based on by type, pad mounted have projected to have more growth in forecast period as it majorly used in electric power distribution. The growth of this segment is driven by improvements in process control systems, rapid development in industrialization & urbanization, and technological developments.

Based on by insulation, oil immersed transformers are widely being accepted because of its features. Oil removes heat and ensures dielectric strength of insulation, loss reduction technology, high reliable insulation, and temperature control systems.

Based on by region, Europe is expected to rise at USD ~1.5 billion by 2023, especially in oil filled distribution transformer. Renewable energy is giving boost to power sector, especially in Europe. As carbon emissions increase gradually, energy efficient norms are getting tighter across the region. Consequently, constructive aspect towards renewable integration are favored by regulatory authorities, establishing maintainable energy mix that drive the demand for oil immersed transformers.

Major Points of TOC:-

1 Executive Summary

2 Scope Of The Report

3 Market Landscape

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4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

5 Global Distribution Transformer Market, By Type

5.1 Introduction

5.2 Pole Mounted

5.2.1 Market Estimates & Forecast, 2018-2023

5.2.2 Market Estimates & Forecast By Region, 2018-2023

5.3 Pad Mounted

5.3.1 Market Estimates & Forecast, 2018-2023

5.3.2 Market Estimates & Forecast By Region, 2018-2023

5.4 Underground

5.4.1 Market Estimates & Forecast, 2018-2023

5.4.2 Market Estimates & Forecast By Region, 2018-2023

Continued......

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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