Distribution Transformer Market size to exceed $30bn by 2024

Distribution Transformer Market size will surpass USD 30 Billion by 2024, as reported in the latest study by Global Market Insights, Inc.
 

Growing investments towards development smart grid networks in line of improving network efficiency and reliability will augment the product demand. Efficient smart grid systems improves the restoration time and reduces the frequency & duration of failure. Increasing prevalence of digitalization across power sector will strengthen the industry dynamics. For instance, in 2017, the U.S. FirstEnergy Corps filed a grid modernization plan comprising feeder automation, distribution management system, SCADA, and outage management system, to reduce the duration and frequency of power outages. In addition, rising intervention of advanced technology comprising big data, cloud computing, Internet of Things (IoT) to monitor and control the operations of distribution infrastructure will complement the business landscape over the forecasted timeline.


 

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Rising demand for sustainable electrical networks along with growing adoption of decentralized power generation will positively impact the demand for distribution transformer. Increasing fund allocation toward the modernization and digitalization of electric infrastructure will further reinforce the industry growth in the coming years.
 

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

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Increasing electricity consumption on account of the expansion of production capacities will proliferate the > 10 MVA distribution transformer market dynamics. As per Energy Information Administration, in 2018, energy intensive industries including mining, refining, primary metal production, chemical, cement and glass consumed over 60% of the total primary energy in the U.S. Surging commercial sector comprising shopping centers, corporate offices in conjunction with rising urban population will further enhance the product penetration.
 

Browse key industry insights spread across 1157 pages with 2396 market data tables & 41 figures & charts from the report, “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 (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), Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/distribution-transformer-market
 

Favorable government incentives and reforms to support renewable adoption across will considerably drive the market growth. The enactment of strict policies pertaining to the establishment of sustainable energy mix across industries adhered by the utility-aided large-scale renewable expansion will further proliferate the business outlook.
 

Industrial distribution transformer market is anticipated to witness growth of over 7.1% by 2024. Soaring investments to enhance the manufacturing capabilities in order to reduce import dependency will augment the business outlook.  Increasing emphasis on providing reliable and affordable power to effectively run the business operations will further drive the product deployment.
 

Increasing investments towards the development of long-distance power supply networks will upsurge the North American market growth. In 2017, the U.S. Government announced it midterm plant to spend USD 10 billion for the development of new distribution networks, which will significantly reduce the curtailment rate of the Western transmission network. Growing focus on the replacement of the old electrical equipment with advanced high-quality systems will further fuel the product demand across the region.
 

Three-phase distribution transformer market was valued over USD 11 Billion in 2017. Capability to seamlessly operate over high voltage will drive industry growth substantially. Growing implementation of smart grid ecosystem with surging demand for optimal network utilization will boost the product demand over the forecast timeframe.
 

Major participants across the distribution transformer market comprise of Kirloskar, Toshiba Corp., GE, Hyundai Electric, Schneider Electric, ABB, SPX Transformer, EATON, Ormazabal, Hyosung, Daihen, Ruhstrat, Mitsubishi Electric, Siemens, Crompton Greaves, BHEL, and Celme.
 

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Distribution transformer market research report includes in-depth coverage of the industry with estimates & forecast both in terms of “Units” and “USD” from 2013 to 2024, for the following segments:
 

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
    • Others

By Insulation

  • Gas
  • Oil
  • Solid
  • Air
  • Others

By Phase

  • 3-phase
  • Single

By Rating

  • ≤ 2.5 MVA
  • 2.6 MVA to 10 MVA
  • > 10 MVA

By Mounting

  • Pad
  • Pole
  • PC/PCB
  • Others

By Application

  • Residential & Commercial
    • Hotels
    • Hospitals
    • Apartments
    • Others
  • Utility
  • Industrial
    • Railways
    • Cement
    • Power
    • Oil & Gas
    • Others

The above information is provided on a country & regional basis for the following:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Russia
    • UK
    • Italy
    • Spain
    • Netherlands
    • Austria
    • Denmark
    • Sweden
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • New Zealand
    • Malaysia
    • Indonesia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Nigeria
    • Egypt
    • Kuwait
    • Oman
    • Israel
    • Turkey
  • Latin America
    • Brazil
    • Peru
    • Argentina

 

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