Transformers that are used for electric power distribution purpose are referred to as distribution transformer. Distribution Transformers provide the necessary power for systems and buildings on the last transformation step from the power station to the consumer. Due to the increasing need of electricity, power transmission networks are increasing rapidly, which would ultimately boost the distribution transformer market. Additionally, rising demand for renewable energy is also fueling the demand of distribution transformers. On the other hand, lack of suitable testing facilities for transformers may hamper the growth of distribution transformer market. Distribution transformer market is expected to grow at CAGR of 6% by 2022.
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Market Research Analysis
On the basis of insulation, global distribution transformer market is segmented into oil- immersed, and dry. Out of them, oil-immersed accounted for the largest share in insulation segment mainly due to advantages such as energy efficiency, lower sound level, and longer operating life. Due to these factors oil- immersed type transformer is widely being used in utility, industrial, and commercial applications. Also, the growing focus on safety and environment protection is driving the demand of dry type transformers.
Asia-Pacific is the largest market for the global distribution transformer market mainly due to rapid expansions in the industrialization, construction & infrastructure activities. It is expected to grow at the fastest pace during the forecast period.
The key players of global distribution transformer market include
- ABB Ltd. (Switzerland),
- Siemens AG (Germany),
- Crompton Greaves Limited (India),
- General Electric (U.S.),
- Eaton Corporation Plc. (Ireland),
- Bharat Heavy Electricals Ltd (India),
- Diamond Power Infrastructure Ltd (India),
- Bemag Transformer Inc. (Canada),
- Bowers Electricals Ltd (U.K.)
Asia-Pacific is the largest growing market
On the basis of regions, global distribution transformer market is segmented as North America, Europe, Asia-Pacific and RoW. Asia-Pacific region dominates the distribution transformer market. Rapid expansions in the industrialization, construction & infrastructure activities as well as growing renewable sector in this region increase the demand of distribution transformer market in Asia-Pacific region. This region is expected to grow at the fastest pace during the forecast period and retain its majority by 2022.
North America and Europe is also expected to contribute significantly to the global distribution transformer market. Upgradation of existing transmission and distribution network are driving the demand of distribution transformer in these regions.
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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. In the current market landscape there are two major strategies that these companies employ and they are strategic partnerships & company expansion.
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