Distribution Transformer Market 2018: Analysis, Top Key Players, Drivers and Trends by Forecast to 2022
Market Highlights Transformers that used for electric power distribution purpose are referred 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. Rising investment in smart grid projects and commissioning of restructuring and expansion projects driving the demand of distribution transformer. The Global Distribution Transformer Market is expected to grow at CAGR of 6% by 2022. The report has been segmented based on types, phases, insulations, power range, and regions. On the basis of types, global distribution transformer market is segmented as pole mounted, pad mounted, and underground. Out of them, pad mounted accounted for the largest share in the distribution transformer market mainly due to the wide application in residential areas and wind farm system. Pad-mounted transformer is a ground mounted electric power distribution transformer in a locked steel cabinet mounted on a concrete pad. Pad-mounted transformer is expected to grow at a significant pace during the forecast period. Pole mounted transformers are mounted on an electrical service pole. These transformers, being inaccessible, reduce the risk of injury to animals and people, and minimize vandalism. Pole mounted transformers are normally used in extensive rural area. Key Players 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.)