Distribution Transformer Market Size and Growth
The global distribution transformer market size was valued at approximately USD 21.2 billion in 2023. It is expected to grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030. By the end of the forecast period, the market is projected to reach around USD 33.5 billion.
Companies Covered : (Covid-19 Impact Covered)
o ABB Ltd.
o Crompton Greaves Ltd.
o Eaton Corporation PLc.
o General Electric
o Siemens Ag
o Ormazabal
o Transformers and Rectifiers India Limited
o SGB-Smit Group
o Wilson Power Solutions
o Lemi Trafo JSc
o Hyosung Corporation
o Celme S.R.l
o Brush Electrical
The global distribution transformer market, which was significantly impacted by the COVID-19 pandemic, saw disruptions in manufacturing and supply chains due to lockdowns and restrictions. Despite these challenges, the market has been recovering, with key players including ABB Ltd, General Electric, Siemens AG, Schneider Electric, and Eaton Corporation focusing on digitalization and automation.
These companies are adapting to post-pandemic recovery by investing in advanced transformer technologies and enhancing efficiency to meet increasing global energy demands.
Distribution Transformer Market Segmentation
By Application
Pad
Pole
Underground vault
Product
