A recent report published by Infinium Global Research on distribution transformers market provides in-depth analysis of segments and sub-segments in the global as well as regional distribution transformers market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional distribution transformers market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global distribution transformers market. According to the report, the global distribution transformers market is projected to grow at a CAGR of 6.12% over the forecast period of 2019-2025.
A transformer that delivers the final voltage transformation in the electric power distribution system is known as distribution transformers or service transformers. It terminates the use of voltage in the distribution lines to the level being used by consumers. Distribution transformers aimed to work most efficiency at lower loads and do not work at full load. Further, to increase its efficiency voltage regulation in transformers is kept a minimum. Distribution transformers are usually smaller than 500 KVA. Besides, distribution transformers less than 33 kV with voltage distribution are used in industries whereas, 380V/220V distribution transformers are used for domestic purposes.
Increasing demand for automated & electrical vehicles and fast energy evolution from conventional to renewable are major factors driving the growth of the distribution transformers market. Further, transformation in battery storage and increasing demand for power owing to urbanization, industrialization, and growing technological applications are also supporting the growth of the market. Addition to this, developments in power infrastructure in developing countries, smart grid advantages for economic efficiency, upsurge in renewable energy results in growing competitiveness of solar and wind power are again some of the boosting factors for the growth of the market. several organizations such as IEEE are taking initiatives for the smart grid to support the growth of the market. Several organizations are taking initiatives for using the digital revolution in the distribution transformers market. This is fueling the growth of the market. On the other side standardization of equipment in the market is likely to restrain the growth of the market. Moreover, the smart grid is the most current development in the electricity market and is anticipated to generate a growth opportunity in the market during the forecast period.
As per the geographies, North America dominated the growth of the distribution transformers market. The U.S holds the highest market share in the market which dominates the growth of the North America region. In North America region factors such as large per capita electricity consumption, increasing electricity demand and revolutionize the old electric grid system are driving the growth of the region. Further, consumption of renewable energy and initiatives taken by the country for smart grid task to deal with increasing demand for electricity are also boosting the growth of the North America region. The Asia Pacific is estimated to be the fastest growing region in this market. Factors such as rising spending on power developing industrial, high levels of infrastructural expansions, industrialization and increasing demand for modernizing distribution transformers are some of the major factors driving the growth of the Asia Pacific region for the distribution transformers market.
The report on global distribution transformers market covers segments such as type, power rating, and end user. On the basis of type, the sub-markets include underground, pole mounted, and pad mounted. On the basis of power rating, the sub-markets include greater than 10000 KVA, 500 KVA-2500 KVA, less than 500 KVA, and 2500 KVA- 10000 KVA. On the basis of end user, the sub-markets include commercial & residential, industrial, and utilities.
The report provides profiles of the companies in the market such as Bowers Electricals Ltd, Wilson Power Solutions Ltd, SPX Transformer Solutions Inc., Emerson Electric Co., GENERAL ELECTRIC, Hitachi, Ltd., Eaton Corporation Inc., Kirloskar Electric Company, ABB Ltd., Wenzhou Rockwell Transformer Co, Ltd., and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of distribution transformers market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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