Distribution Transformer Market Overview
A device that offers the final voltage transformation in the electric power distribution system is called a distribution transformer. It is used to curb the voltage utilized in the distribution line to the stage used by the consumer. Distribution transformers don
Due to the lack of proper support, rural areas pose a need for one distribution transformer per consumer, further propelling the demand for distribution transformers in the industry. Additionally, rising demand for electric and automated vehicles, transformative developments in the battery storage, and a rapid shift from conventional to renewable energy sources are the factors contributing to the substantial growth of the global distribution transformer market.
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Key Players
The report published by Market Research Future has profiled many prominent players in the global distribution transformers market. Such key players include Wilson Power Solutions Ltd. (U.K), Emerson Electric (U.S.), Hitachi (Japan), Kirloskar Electric Co. Ltd. (India), Wenzhou Rockwell Transformer Co., Ltd. (China), ABB Ltd. (Switzerland), Eaton Corporation (Dublin), and General Electric (U.S.). Mitsubishi Electric Corporation (Japan), Ormazabal (Spain), SPX Transformer Solutions Inc. (U.S.), EREMU, S.A. (Spain), Lemi Trafo Jsc (Bulgaria), Hammond Power Solutions Inc. (Canada), Bowers Electricals Ltd. (U.K), Bharat Heavy Electricals Ltd. (India), and Crompton Greaves Ltd. (India).
Segmental Analysis
The global Power and Distribution Transformer Market is segmented on the basis of type, insulation, power rating, and end use. The market has been segmented into oil immersed and dry on the basis of insulation. Oil immersed transformers are expected to witness significant growth during the forecast period due to its capability of removing heat and ensuring the dielectric strength of the insulation. Based on power rating the market is segmented into 0-315kVA, 316-2499Kva, 2500-10000kVA and above 10000kVA.
Based on the type, the distribution transformer is segmented into pole mounted, pad mounted, and underground. The pad mounted segment is anticipated to witness substantial growth during the forecast period due to its widespread use in the electric power distribution. By the end user, the distribution transformer market is segmented into industrial, commercial & residential, and utilities.
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Regional Analysis
The global distribution transformer market is segmented into North America, Asia Pacific (APAC), Europe, and Middle East & Africa (MEA).
The Asia Pacific is estimated dominated the market with the largest share of the distribution transformer market, followed by Europe and North America. Within the Asia Pacific, China has witnessed a strong push in demand for electricity in the last two decades and is prophesied to continue doing the same. Such growth can be accredited to rapid industrialization and increasing infrastructural developments. Extensive power plant capacity additions, economic growth, and the rising need to improve access to electricity are anticipated to drive growth for the distribution transformer market in the emerging economies of the Asia Pacific.
Furthermore, developing power T&D infrastructure, growing industrial expenditure and a growing demand for replacement or refurbishment of the aging distribution transformers are contributing to significant growth in the Asia Pacific. With India
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