Distribution Transformer Market Eminent industry participants include ABB, CG, General Electric, Siemens, EATON, Siemens, Schneider Electric, Toshiba Corp., Mitsubishi Electric, Hyundai Electric, BHEL, Hyosung, Daihen, Kirloskar, Ruhstrat, Celme and SPX T
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Another noticeable factor witnessed across distribution transformer market is the exceptionally fierce competitive landscape. As the requirement for highly efficient and unique transformers is on the rise, companies have been striving to come up with a range of innovative products to score an edge over their competitors. In consequence, this is expected to create a profitable growth path for distribution transformer market in the years ahead.
A vital instance testifying the authenticity of the aforementioned statement is Larson’s all-new transformer. Recently, Larson Electronics LLC, a global leader in industrial lighting and equipment, has unveiled a single-phase explosion proof buck and boost step-up transformer that provides excellent efficiency, protection against equipment failure, increased reliability, and an isolated power source. Equipped with highly reliable characteristics, this NEMA 4X rated unit is expected to be ideal for flammable worksites and other hazardous applications, and as per experts, would have a massive influence on the product landscape of distribution transformer industry, which crossed a valuation of USD 18 billion in 2016.
Distribution transformer market, on account of its massive application spectrum and cutthroat competitive landscape, has witnessed numerous developments since recent times, and is expected to continue depicting similar trends in the years ahead. Below mentioned are three pivotal instances observed across distribution transformer industry this year – instances that may have a noticeable impact on the commercialization potential and popularity landscape of this business sphere.
Advancing smart transformer technologies coupled with stringent energy efficiency compliances will comprehensively augment the global distribution transformer market. Volume manufacturing practices adopted by the leading manufacturers along with growing consumer awareness toward environmental security will encourage the product adoption. Escalating demand for the refurbishment of existing grid infrastructure across developed economies will further complement the industry outlook.
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2.6 MVA to 10 MVA distribution transformer market on account of rapid urbanization across developing regions in the recent years has witnessed a significant turnaround. Briskly expanding utility aided grid networks to cater the rising rural electrification demand will considerably proliferate the industry growth. Renewable capacity addition across residential and commercial establishments to integrate a sustainable energy mix will further enhance the product penetration.
Propositions in line with energy efficiency along with expeditious expansion of smart grid networks has structured a favorable industrial scenario. Rapid technological advancements along with favorable inclination towards the integration of smart monitoring technologies will fuel the distribution transformer market growth. The European nations in 2017, have approved over USD 133.7 billion investment towards the deployment of smart grid infrastructure across the region.
The U.S. distribution transformer market is anticipated to witness growth in line with the appreciable rise in investments toward the upgradation of existing infrastructure across the nation. Rapid infrastructural expansion in compliance to peninsula corridor electrification program will further embellish the industry outlook. In 2017, the U.S. regulators provisioned USD 100 million to sustain the increasing electricity demand across its rail networks.
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Middle East & Africa distribution transformer market is set to witness comprehensive growth subject to the ongoing adoption of distributed generation units along with the rapid expansion of off-grid electricity networks. Indulgence of major financial institutions including the Asian Development Bank, World Bank and the African Development Bank to cater the lagging power sector across the region will substantially boost the product demand. In 2017, ADB provisioned over USD 12 billion to across the African electricity sector. The investment aims at sustaining the rising electricity demand across the region consequently with establishing an effective grid infrastructure.
Eminent participants in the distribution transformer market include Toshiba Corp., GE, Kirloskar, ABB, Schneider Electric, SPX Transformer, EATON, Ormazabal, Siemens, Crompton Greaves, Ruhstrat, Mitsubishi Electric, Hyosung, Daihen, Hyundai Electric, Celme, and BHEL.
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