Distribution Transformer Market Size By Core (Closed, Shell, Berry), By Winding (Two winding, Auto-transformer), By Installation (Outdoor, Indoor), By Cooling (Dry type {Self-air, Air blast}, Oil immersed {Self cooled, Water cooled, Forced oil}), By Insulation (Gas, Oil, Solid, Air), By Phase (Three, Single), By Rating (≤ 2.5 MVA, 2.6 MVA to 10 MVA, > 10 MVA), By Mounting (Pad, Pole, PC/PCB), By Application (Residential & Commercial {Hotels, Hospitals, Apartments}, Utility, Industrial {Railways, Cement, Power, Oil & Gas}), Industry Analysis Report, Regional Outlook, Price Trends, Competitive Market Share & Forecast, 2018 – 2024

Published Date: Oct 2017  |  Report ID: GMI2121  |  Authors: Ankit Gupta, Aditya Singh Bais

Report Format: PDF   |   Pages: 1157   |   Base Year: 2017




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Distribution Transformer Market size for 2017 was valued over USD 20 billion and the annual installation is set to exceed 2 million units by 2024.
 

North America Distribution Transformer Market Size, By Rating, 2016 & 2024 (USD Billion)

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Ongoing inclinations toward the enhancement of the existing grid infrastructure in line of raising the regional electrification index will stimulate the global distribution transformer market share. Utilities across the globe are replacing conventional single-phase power supply networks with upgraded three phase systems which in turn will drive the product demand. As per the IEA in 2015, the global T&D investments were valued at over USD 260 billion, 14% higher when compared to the statistics in 2014. Rising public and private investments to effectively cater the cater demand supply mismatch will positively influence the business dynamics.
 

Positive outlook toward renewable integration favored by the regulatory inclination toward the establishment of a sustainable energy mix will drive the market growth. Grid integration of sustainable technologies leading to the expansion of micro-grid networks which in turn will further fuel the product deployment over the forecast period. In 2015, the Government of India introduced the Green Energy Corridor Project proposing an investment worth USD 1 billion toward the development of a separate grid infrastructure for renewable energy transmission.
 

Distribution Transformer Market Report Coverage
Report Coverage Details
Base Year: 2017
Historical Data for: 2013 to 2017 Forecast Period: 2018 to 2024
Pages: 1157 Tables, Charts & Figures: 2437
Geographies covered (34): U.S., Canada, Mexico, Germany, France, Russia, UK, Italy, Spain, Netherlands, Austria, Denmark, Sweden, China, Japan, South Korea, India, Australia, New Zealand, Malaysia, Indonesia, Saudi Arabia, UAE, Qatar, Egypt, South Africa, Nigeria, Kuwait, Oman, Israel, Turkey, Brazil, Peru, Argentina
Segments covered: Core, Winding, Installation, Cooling, Insulation, Phase, Rating, Mounting, Application and Region
Companies covered (17): ABB Limited, General Electric, Siemens AG, Schneider Electric, CG Power and Industrial Solutions Limited, United Transformers Electric Company, Mitsubishi Electric, Toshiba Corporation, Eaton Corporation, Bharat Heavy Electricals Limited, Hyosung Power and Industrial Systems, Kirloskar Electric, Celme, Daihen Corporation, Ormazabal, Strategy Dashboard, Elsewedy Electric, Voltamp Oman

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By Core

Extensive mechanical strength, easy repair, and high space factor are few of the primal factors impacting the closed type core transformer industry share. Sustainable transformation capacities coupled with effective operational life expectancy have further accelerated the product adoption
 

Shell core transformers over the forecast period is anticipated witness to appreciable penetration owing to the improved efficiencies & economical cost structure compared to the conventional units. Furthermore, the high-end product flexibility coupled with the integration of smart monitoring unit will proliferate the product demand.
 

By Winding

Effective transformation & operational flexibility, when compared to its competitive counterparts, will stimulate the auto transformer installation. Compact structure, economical costs, and better efficiency are few parameters, which will boost the product adoption. Furthermore, the integration of smart monitoring technologies has enhanced the reliability and cost-effectiveness of the products, which will foster the business growth.
 

Two-winding will witness an expansion owing to the introduction of advanced transformer technologies to minimize the soaring distribution losses. In addition, the growing technological maturity and rapid functional enhancements may restrain the product adoption.
 

By Installation

Outdoor DTs units are anticipated to witness growth over 6% by 2024. Capability to efficiently operate in extreme climatic conditions is observed to be primal factor up surging the technology demand. Optimum cooling strength with high fire safety index will further propel the product deployment in the coming years.
 

The increasing space constraints owing to the ongoing refurbishment & retrofitting of the existing distribution infrastructure will positively influence the indoor distribution transformer industry outlook.
 

By Cooling

Increased operational life, improved efficiency & high reliability index will drive the oil filled distribution transformer market share. In addition, enhanced cooling characteristics will tend to be the major factors reinforcing the technology installation over the forecast period. Furthermore, its capability to operate at higher voltage preferably across HV industries will propel the industry dynamics.
 

Rapid technological enhancements followed by drifting tendencies toward the replacement of conventional insulation practices will drive the dry type DT demand. In addition, low iron losses & flux leakage coupled with sustainable mechanical properties will drive the product outlook.
 

By Insulation

Air cooled dry type distribution transformer market will witness significant surge owing to its cost effectiveness along with capability to operate at both lower and higher voltage range. Furthermore, safe operations, low electrical loss, improved insulation properties are some of the other factors driving the business scenario.
 

Oil-insulated distribution transformers are the traditional transformer technologies deployed across the global distribution networks. Effective insulation capabilities, high temperature bearing strength, and sustainable product applicability will foster the product demand.
 

By Phase

Compact size, reduced weight, and easy assembling are some of the indispensable factors propelling the three-phase distribution transformer market growth. Furthermore, supportive government policies towards upgradation & expansion of power supply network will augment the product deployment.
 

Rapid urbanization coupled with favorable government reforms to ameliorate the distorting small-scale industries in developing nations will stimulate the single-phase distribution transformer business growth. The ongoing integration of sustainable energy networks that adhere to the regulatory prospects including Flexible Image Transport System (FIT) and incentives to nourish their adoption will complement the business outlook
 

By Rating

Positive government outlook to electrify the remote off grid areas by installing micro grid networks will influence the > 2.5 MVA distribution transformer demand. Furthermore, soaring investments to redevelop infrastructure of various war impacted nations will complement the product deployment over the forecast period.
 

2.6 MVA to 10 MVA distribution transformer market is anticipated to witness significant penetration of over 29% by 2024.  Rising demand for manufactured goods along with flexible product operations across the primary and secondary distribution networks will augment the industry growth.
 

By Mounting

Rapid expansion of transport networks across developed nations coupled with soaring investments across civil infrastructure sector will significantly impact the pole mounted DTs demand. Growing expansion of utility aided supply networks with increasing infrastructural spending across emerging economies is anticipated further enhance the product adoption.
 

PC/PCB-mounted distribution transformers valued over USD 2 Billion in 2017. These systems owing to their high-cost incursion is expected to attain a modest industry growth over the forecast period.
 

By Application

Utility sector is expected to witness an appreciable growth over the forecast period.  Increasing R&D expenditure toward the revamping and refurbishment of power supply infrastructure will complement the industry dynamics.
 

Industrial DT installation was valued over 300 ‘000 units in 2017 units. Increasing emphasis on the integration of wide-ranging frequency distribution links along with the growing concerns for energy-efficiency will stimulate the industry size.
 

By Region

Rise in the energy consumption on account of the ongoing economic progression will positively influence the Asia Pacific industry outlook. Furthermore, soaring investments to expand the region’s existing manufacturing capabilities with ongoing urbanization will stimulate the product deployment over the forecast period. In addition, ambitious government measures to integrate a sustainable energy infrastructure will create a favorable business scenario.
 

Lack of grid infrastructure across countries along with burgeoning electricity demand will foster the distribution transformer market growth across Middle East & Africa. Increasing private funding from financial institutions including the IFC, the World Bank, and the Asian Development Bank toward electrification across the region will drive the business outlook.
 

Competitive Market Share

Leading industry players across the distribution transformer market include General Electric, Siemens, Hyundai Electric, EATON, Schneider Electric, CG, Toshiba Corp., ABB, Mitsubishi Electric, BHEL, Hyosung, Ormazabal, Daihen, Kirloskar, Celme, SPX Transformer and Ruhstrat.
 

Rising industry efforts to enhance the product efficiency with the integration of digital technology for controlling and monitoring operations has been a primal focus for the industry players.
 

Distribution Transformer Industry Background

Distribution transformer is a device which transforms electrical energy operating at higher voltage to lower voltage. These products transfer electricity between circuits across industrial, commercial, and residential establishments with minimal variation in the potential difference or frequency.


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