Distribution Transformer Market Analysis 2020 Business Revenue, COVID – 19 Outbreak, Growth Prospect

Global Non-Volatile Memory Market Research Report: Forecast to 2023

Global Distribution Transformer Market Research Report: Forecast to 2023

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Global Non-Volatile Memory Market Research Report: Forecast to 2023

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Copyright © 2017 Market Research Future.

Global Non-Volatile Memory Market Research Report: Forecast to 2023

Summary Transformer is an electrical device that transfers electrical energy between two or more circuits through electromagnetic induction. Transformer are used to increase or decrease the alternating voltages in power applications. It works on the principle of Faraday’s Law of Electromagnetic Induction which states that “the magnitude of voltage is directly proportional to the rate of change of flux.”

Transformer is a very diverse subject areas, it comprises from small to very large systems. Transformer is broadly segmented into distribution transformer, power transformer and others (instrument transformer). Transformer systems have been dominating the renewable energy market as well conventional market in recent years because of the ability to transmit & distribute the energy in form of electricity and supply according to end user needs.

Rapid residential expansion coupled with favourable inclination towards the integration of a sustainable electrical network will drive the distribution transformer market size. Moreover, the market is driven by various factors such as rise in transmission & distribution infrastructure investments and growth in renewable energy sector. This is mainly because, transformer systems are highly efficient transmission & distribution equipment. However, the growth of the market can be hindered by the due high initial capital cost of transformer and reluctance to replace aging Infrastructure.

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’t function with the complete load as they are designed to offer the highest efficiency at lower pressures. The voltage parameter in these transformers is set at the lowest, and so they have low outflow reactance.

With the latent demand for efficient and economically feasible electricity infrastructure, the need for distribution transformers is also proliferated as one distribution transformer can feed multiple homes in urban regions. 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. Furthermore, burgeoning demand for energy across the globe owing to rapid urbanization and industrialization is also projected to upsurge the growth in the distribution transformer market.

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Global Non-Volatile Memory Market Research Report: Forecast to 2023

Competitive Landscape Distribution Transformer market appears to be competitive with the presence of several large and small players operating in the Distribution Transformer Market. These Key players compete based upon pricing, quality, Technology and reputation. Distribution Transformer market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further. Moreover, manufacturers mainly ensure to deliver the best quality products based on innovative technologies, and best practices.

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).

Market Segmentation The global 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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Global Non-Volatile Memory Market Research Report: Forecast to 2023

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’s GDP surpassing that of China in 2015, the increase for demand in India is anticipated to gain most momentum during the forecast period.

Industry/ Innovations/ Related News 14 March 2017: ABB launches world’s first digital distribution transformer. Integrated sensing and monitoring technology in ABB’s new TXpert™ transformer will provide intelligence to maximize reliability, optimize operating and maintenance costs and manage the asset more efficiently.

In 2016, Siemens, one of the most innovative suppliers of distribution transformers, signed a contract to supply the Iraqi market with 1,250 distribution transformers. The total order is about €9 million.

9 July, 2015: GE Introduced Next-Generation Transformer which provides customers safer, more environmentally friendly transformer for urban applications.

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Global Non-Volatile Memory Market Research Report: Forecast to 2023

owned company based in Norway that has developed a field-proven portfolio of completion systems and intervention tools.

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