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Distribution Transformer Market Growth by Focusing on Top Key Operating Vendors like - Greaves Ltd., General Electric, Ormazabal, SGB-Smit Group, Lemi Trafo JSC, Celme S.R.L, Emerson Electric Co., Eremu SA, ABB Ltd., Eaton Corporation PLC., Siemens AG

02-18-2019 11:52 AM CET | Associations & Organizations

Press release from: Verified Market Research

Distribution Transformer Market Growth by Focusing on Top Key

The Global Distribution Transformer Market was valued at USD 12.78 billion in 2016 and is projected to reach USD 22.49 billion by 2025, growing at a CAGR of 6.48% from 2017 to 2025.

A distribution transformer is defined as a transformer which gives the voltage transformation that is final in an electric power distribution system. The distribution transformer steps down the voltage that is used in the distribution lines to the level used by the customer. Distribution transformers are able to be used by a wide variety of clients such as process and manufacturing plants, distribution transformer manufacturing companies, power distribution utilities, as well as government-owned businesses.

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Factors that are increasing the market for the distribution transformer is the increased efficiency that the system provides as well as the growing demand for distribution transformers across several industries. Factors such as the time taken for implementation as well as the cost of the system are restraining the market.

The “Global Distribution Transformer Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Crompton Greaves Ltd., General Electric, Ormazabal, SGB-Smit Group, Lemi Trafo JSC, Celme S.R.L, Emerson Electric Co., Eremu SA, ABB Ltd., Eaton Corporation PLC., Siemens AG, Transformers and Rectifiers India Limited, Wilson Power Solutions, Hyosung Corporation, and Brush Electrical Machines Ltd. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

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