Global distribution transformer market was stood around US$20 billion in 2020 and is likely to showcase a growth of around 6% during the forecast period (2021-2027).
A comprehensive overview of the global Distribution Transformer Market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the distribution transformer market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the global distribution transformer market at regional and country levels. Global distribution transformer market was stood around US$20 billion in 2020 and is likely to showcase a growth of around 6% during the forecast period (2021-2027).
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Market Overview
A distribution transformer provides the final voltage transformation in the electric power distribution system, stepping down the voltage used in the distribution lines to the level used by the customer. Increase in the number of prosumers due to distributed generation (DERs) and electric vehicle (EV) penetration, grid dynamics at the distribution level are more complex than ever. Distribution transformers, hence have complex demand dynamics and a fragmented supply chain as opposed to power transformers. Growing focus on green energy, advancement in the transformer industry coupled with rebuilding and modernization of aging power infrastructure are positively influencing the industry outlook.
COVID-19 Impact
During the Covid-19 pandemic, demand for distribution transformer market had slowed as countries were forced to implement lockdowns during the first half of 2020. Strict guidelines were issued by governments and local authorities, and all non-essential operations were halted. Moreover, industries across the world were shut down that reduced the electricity consumption also caused the economic and financial problems in developing economies. Hence, shortage of funds also negatively impacted the upgradation of existing distribution transformer and its raw material.
Global Distribution Transformer market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Insulation Type, the market is primarily bifurcated into:
· Dry
· Liquid immersed
Based on insulation type, the distribution transformer market is bifurcated into dry and liquid immersed. Liquid immersed caters considerable market share in the distribution transformer market. It is mainly due to a liquid that is more thorough medium for cooling application hence, liquid-based transformer is a better option than dry type. The biggest advantage of an oil-filled transformer is that it can handle higher ratings.
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By Product, the market is mainly segmented into:
· Pad
· Pole
· Underground vault
Based on product, the distribution transformer market is divided into pad, pole, underground vault. Currently, pad mounted captures extensive share owing to its rising usage in a wide range of applications in ground distribution loads as well as their utilization for application in renewable energy installation.
Global Distribution Transformer Market Geographical Segmentation Includes:
· North America (United States, Canada, Rest of North America)
· Europe (Germany, UK, Spain, Italy, France, Rest of Europe)
· Asia-Pacific (China, Japan, India, Australia, Rest of APAC)
· Rest of World
Based on the estimation, Asia Pacific dominated the market demand. It is predominantly owing to the due to the increasing power generation capacity plans, growing demand for replacing/refurbishing of aging distribution transformers.
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The major players targeting the market includes:
· ABB
· Eaton Corporation Plc
· Bemag Transformers
· BHEL (Bharat Heavy Electricals Ltd)
· Bowers Electricals
· Siemens AG
· Crompton Greaves
· Daihen Corporation
· Diamond Power Infrastructure Ltd.
· General Electric
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts’ sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global Distribution Transformer market. The major players have been analyzed by using research methodologies for getting insight views on market competition.
Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the global distribution transformer market?
· Which factors are influencing global distribution transformer market over the forecast period?
· What are the global challenges, threats, and risks in the global distribution transformer market?
· Which factors are propelling and restraining the global distribution transformer market?
· What are the demanding global regions of the global distribution transformer market?
· What will be the market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by the companies?
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