Distribution Transformer Global Market is Expected to Grow at CAGR 8.70% by 2023 | Top Key Players: Wilson Power Solutions Ltd , Emerson Electric , General Electric, Bowers Electricals Ltd

Distribution Transformer Market – Overview

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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Distribution Transformer 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.


Industry/ Innovation/ Related News:

9 July, 2015: GE Introduced Next-Generation Transformer which provides customers safer, more environmentally friendly transformer for urban applications.

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.

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.

Global Distribution Transformer Market Analysis:-

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.

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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.

By Type
• Pole Mounted
• Pad Mounted
• Underground

By Phase
• Single Phase
• Three Phase
• By Insulation
• Oil- immersed
• Dry

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By Power Range
• 0-315kVA
• 316-2499kVA
• 2500-10000kVA
• Above 10000kVA

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