The Global Distribution Transformer Market is expected to see many advancements in future. Experts suggest that the market will develop at the rate of 5.8% CAGR during the forecast period of 2018-2022. In the year 2016, the market was valued at USD 12.79 million. By the completion of the forecast period it is expected to generate above USD 16.89 billion.
The development of this market is a cumulative effect of many growth drivers. The mounting need for electricity in various parts of the world is a key growth propeller. There are many regions in the world that do not get the required amount of electricity. For such places distribution transformers are of utmost importance. This fact results in the growth of the market. Another aspect that propels the growth of the market include upsurge in the demand for renewable energy sources.
Upsurge in urbanization and drastic residential expansion will further affect the market size positively. Additionally, there are many investments from financial institutions to meet the demand for energy. This too will lead to potential market development.
The Distribution Transformer Market is bound to face certain restraints. The two major ones are shortage of suitable testing amenities for the transformers and the high cost of installation of these systems.
Distribution Transformers – Brief Insights
Distribution transformers are also known as service transformers. Their basic aim is to provide the closing voltage transformation in an electric power distribution system. Through this the voltage utilized in the distribution lines is toned down enough to be utilized by the customer. Recently, due to the mounting demand for better electricity sources the Global Distribution Transformer Market is developing.
These transformers are pretty versatile in nature and are available in a variety of types. The two major ones can be identified as pole-mount transformers & pad-mount transformers. Pole-mount refers to the kind that can be fixed on a pole. On the other hand, pad-mount refers transformation that placed on concrete pads and secured in steel cases.
They can be employed for a number of purposes like supplying power to farmyards or pump stations. This system can also be utilized to provide a constant flow of energy to the overhead wires of railway tracks. Furthermore, distribution transformers also form a part of power collector networks of wind farms.
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Current Market Trends
The global distribution transformers market has been a witness to many trends. But there are a few that have been successful in bringing about revolutionary changes. At present there are two major trends that dominate this market. They are increase in activities for power generation and upsurge in the demand for higher distribution capacity.
Global Distribution Transformer Market is segmented in to 5 Key dynamics for an easy grasp and enhanced understanding.
Segmentation by Type
- Pole Mounted
- Pad Mounted
Segmentation by Phase
Segmentation by Insulation
- Oil– immersed
Segmentation by Power Range
- above 10000kVA
Segmentation by Regions
Comprises Geographical regions
- North America
- Rest of the World.
Key Players & Strategies
The current market is ruled by several big names like
- Crompton Greaves
- Eaton Corporation
- Diamond Power Infrastructure
- Siemens AG
- ABB Ltd & Bowers Electricals Ltd.
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Industry/ Innovation/ Related News:
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.
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.
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