Global Distribution Transformer Market is expected to foresee significant growth. Asia-Pacific to lead the growth!
- Himanshu Patni
- December 3, 2021
- ENERGY & POWER, NEWS
- Distribution Transformer Market, Distribution Transformer Market growth, Distribution Transformer Market trends
- 0 Comments
Global Distribution Transformer Market was stood around US$20 billion in 2020 and is likely to showcase a growth of around 6% during the forecast period (2021-2027). Factor such as growing focus on green energy, advancement in the transformer industry coupled with rebuilding and modernization of aging power infrastructure are positively influencing the industry outlook.
A distribution transformer provides the final voltage transformation in the electric power distribution system, stepping down the voltage used in the distribution lines to the level used by the customer. Increase in the number of prosumers due to distributed generation (DERs) and electric vehicle (EV) penetration, grid dynamics at the distribution level are more complex than ever. Distribution transformers, hence, have complex demand dynamics and a fragmented supply chain as opposed to power transformers. The important drivers increasing growth in the global distribution transformer market are the smart grid electrifying the market and advancement in the transformer industry.
For a detailed analysis of the market drivers browse through – https://univdatos.com/report/distribution-transformer-market/
During the Covid-19 pandemic, demand for distribution transformer market had slowed as countries were forced to implement lockdowns during the first half of 2020. Strict guidelines were issued by governments and local authorities, and all non-essential operations were halted. Moreover, industries across the world were shut down that reduced the electricity consumption also caused the economic and financial problems in developing economies. Hence, shortage of funds also negatively impacted the upgradation of existing distribution transformer and its raw material.
Based on insulation type, the distribution transformer market is bifurcated into dry and liquid immersed. Liquid immersed caters considerable market share in the distribution transformer market. It is mainly due to a liquid that is more thorough medium for cooling application hence, liquid-based transformer is a better option than dry type. The biggest advantage of an oil-filled transformer is that it can handle higher ratings.
For a detailed analysis of the Covid-19 Impact on the industry browse through – https://univdatos.com/report/distribution-transformer-market/
Based on power rating, the market is segmented into up to 500 KVA, 501 KVA to 2,500 KVA, 2,501 KVA to 10,000 KVA and above 10,000 KVA. Currently, 2,501 KVA-10,000 KVA captured extensive market share and expected to grow at a considerable rate. The distribution transformers ranging from 2,501 kVA–10,000 kVA are widely used in industrial and commercial sectors due to high power consumption as compared to residential power consumption.
For a better understanding of the market adoption, report provide detailed analysis for major region and countries including North America (US, Canada, Rest of North America), Europe (Germany, UK, Spain, Italy, France, Rest of Europe), Asia-Pacific (China, India, Australia, Japan, Rest of APAC), and Rest of World. In 2020, Asia Pacific dominated the market demand. It is predominantly owing to the due to the increasing power generation capacity plans, growing demand for replacing/refurbishing of aging distribution transformers.
Request for Sample of the report browse through – https://univdatos.com/get-a-free-sample-form-php/?product_id=12086
Some of the major players operating in the market include ABB, Eaton Corporation Plc, Bemag Transformers, BHEL (Bharat Heavy Electricals Ltd), Bowers Electricals, Siemens AG, Crompton Greaves, Daihen Corporation, Diamond Power Infrastructure Ltd., General Electric. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.
Global Distribution Transformer Market Segmentation
Market Insight, by Insulation Type
- Liquid immersed
Market Insight, by Product
- Underground vault
Market Insight, by Phase
Market Insight, by Power Rating
- Up to 500 kVA
- 501 kVA–2,500 kVA
- 2,501 kVA–10,000 kVA
- Above 10,000 kVA
Market Insight, by Region
- North America Distribution Transformer Market
- United States
- Rest of North America
- Europe Distribution Transformer Market
- United Kingdom
- Rest of Europe
- Asia-Pacific Distribution Transformer Market
- Rest of Asia-Pacific
- Rest of World Distribution Transformer Market
Top Company Profiles
- Eaton Corporation Plc
- Bemag Transformers
- BHEL (Bharat Heavy Electricals Ltd)
- Bowers Electricals
- Siemens AG
- Crompton Greaves
- Daihen Corporation
- Diamond Power Infrastructure Ltd.
- General Electric