Press release
Distribution Transformer Market Likely to Boost Future Growth by 2030
Distribution Transformer Market AnalysisDistribution Transformer Market Share is expected to rise at USD 19.0 Billion by 2027 at a CAGR of 9% in the forecast period.
Factors Studied For Market Forecast
Drivers:
Improvements in the existing power infrastructure in developing countries.
Expansion in the current plans of transforming and distribution sector.
Smart grid initiatives for economic efficiency.
Growth in the renewable sector.
Restraints:
Calibration of proper equipment.
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Market Segmentation
The global distribution transformer market is bifurcated based on power rating, phase, mounting, and insulation type.
By insulation type, the liquid immersed segment will lead the market over the forecast period.
By mounting the pad segment will dominate the market over the forecast period.
By phase type, the three segment will spearhead the market over the forecast period.
By power rating, the 2,501 kVA- 10,000 kVA segment will have the lions share in the market over the forecast period.
Regional Analysis
APAC to Command Distribution Transformer Market
The APAC region will command the distribution transformer market over the forecast period. Expanding power age limit plans, the developing interest in restoring/supplanting maturing circulation transformers, expansion of power interest in India and China, quickly expanding infrastructural and mechanical advancement exercises, power demand in China, quick urbanization and industrialization power, vigorous monetary development in China, gross power utilization, demand for electricity in China, infrastructural developments, constant need for updating and upgrading existing distribution infrastructure for serving the growing need for electricity, extensive power plant capacity additions, economic growth, and the requirement to improve access to electricity are adding to the global distribution transformer market growth in the region.
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The increase in energy consumption for the ongoing economic progression, soaring investments for expanding the existing manufacturing capabilities of the region, and ambitious government measures for integrating a sustainable energy infrastructure are also adding market growth.
The global distribution transformer market is both fragmented and also competitive for the presence of different international & domestic key players. These players have incorporated innovative strategies to remain at the vanguard and also suffice the burgeoning demand of the customers including collaborations, contracts, partnerships, joint ventures, geographic expansions, & new product launches and more. Besides, they are also investing in various research and development activities.
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Key Companies Profiled
Wilson Power Solutions Ltd
Emerson Electric
Hitachi
Kirloskar Electric Co. Ltd.
Wenzhou Rockwell Transformer Co., Ltd.
ABB Ltd
Eaton Corporation
General Electric
Mitsubishi Electric Corporation
Ormazabal
SPX Transformer Solutions Inc
EREMU, S.A.
Lemi Trafo Jsc
Hammond Power Solutions Inc
Bowers Electricals Ltd
Bharat Heavy Electricals Ltd
Crompton Greaves Ltd.
Market Research Future® (Part of WantStats Research and Media Pvt. Ltd.) has specialized research analysts in the areas of Aerospace & Defense, Automotive, C&M, Energy & Power, F&B, Healthcare & Pharmaceutical, ICT, Industrial Equipment, Packaging Construction & Mining and Semiconductor.
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR's approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and about what action to take based on these aspects.
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