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Distribution transformer market to traverse along a lucrative growth path over 2017-2024 Eminent industry participants include Siemens, Schneider Electric, Toshiba Corp., Mitsubishi Electric, Hyundai Electric, BHEL, Hyosung, Daihen, Kirloskar

03-27-2019 09:00 AM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Distribution transformer market to traverse along a lucrative

Primarily augmented by the massive refurbishment of aging electric networks, distribution transformer market has lately been witnessing a slew of innovative tech advancements. The exponential demand for transformers has been observed to be directly proportional to the requirement for uninterrupted power supply across the globe. As modern methodologies such as smart monitoring and control distribution units (CDUs) observes an exponential rise, so does the demand for transformers, which would eventually help propel distribution transformers industry share.

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.

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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.

In May 2017, two prominent South Korean firms, namely, the Hyundai Electric & Energy System and POSCO DAEWOO, had gained an order worth USD 44 million from the UK’s National Grid. The deal would apparently supply 23 high-pressure transformers to the National Grid by 2020, which would allow both the firms to considerably strengthen their stance in distribution transformer market.

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CG Power and Industrial Solutions, one of the most eminent players of distribution transformer market, announced in June 2017, that it intends to sell its US business to WEG for a valuation of USD 37 million. The agreement is plausibly a part of CG’s strategy to reduce its debt by selling some of its businesses overseas, post which it would focus exclusively on its core business. CG’s motive behind the sale is likely to have a considerable impact on the revenue scale of India distribution transformer industry, given that the firm intends to completely concentrate on its base business operations across the Indian sub-continent.

Recently in 2017, The Kaduna Electric Distribution Plc was reported to have spent N100 million for installing a 7.5 MVA transformer at the Usman Danfodio University, Sokoto. Apparently, the project is a part of the firm’s investment plans to make sure that the institution and the surrounding communities receive adequate power supply. While the investment may not have a massive impact on the revenue graph of distribution transformer market, it surely marks a significant step forward in this business space, given that providing uninterrupted power supply is a major driver for distribution transformer industry.

Browse key industry insights spread across 750 pages with 1768 market data tables & 16 figures & charts from the report @ https://www.gminsights.com/industry-analysis/distribution-transformer-market

Report Content
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Distribution Transformer Industry Insights
Chapter 4. Distribution Transformer Market, By Core
Chapter 5. Distribution Transformer Market, By Winding
Chapter 6. Distribution Transformer Market, By Installation
Chapter 7. Distribution Transformer Market, By Cooling
Chapter 8. Distribution Transformer Market, By Insulation
Chapter 9. Distribution Transformer Market, By Phase
Chapter 10. Distribution Transformer Market, By Rating
Chapter 11. Distribution Transformer Market, By Mounting
Chapter 12. Distribution Transformer Market, By Application
Chapter 13. Distribution Transformer Market, By Region

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research

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