About Distribution Transformer
A distribution transformer or service electrical device provides the ultimate voltage transformation within the wattage distribution system, stepping down the voltage utilized in the distribution lines to the amount employed by the client. Distribution transformers usually don't operate at full load; they're designed to supply most potency at lower masses. Voltage regulation in these transformers is unbroken minimum to boost potency. Thus, distribution transformers are designed to have little leakage reactance.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ASEA Brown Boveri (Switzerland), Aston Transformers A.S. (United States), Bemag Transformers (Canada), BHEL (Bharat Heavy Electricals Ltd) (India), ABB Ltd. (United States), Bowers Electricals (United Kingdom), Siemens AG (Germany), Crompton Greaves (India), Daihen Corporation (Japan), GE-Prolec Transformers (mexico) and Diamond Power Infrastructure Ltd. (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Distribution Transformer market by , Application (Power Utilities and Industrial and Commercial) and Region.
On the basis of geography, the market of Distribution Transformer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by Mounting, the sub-segment i.e. Pad will boost the Distribution Transformer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Phase, the sub-segment i.e. Single will boost the Distribution Transformer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power, the sub-segment i.e. Up to 500 kVA will boost the Distribution Transformer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Employment of Smart Grids in Cities and Developing
Market Growth Drivers:
Improvements in Existing Power Infrastructure in Developing Regions and Rising Demand for Refurbishing or Substituting Aged Distribution Transformers
Challenges:
Fluctuating Costs of Components and Requirement of Skilled Labour for the Maintenance
Restraints:
High Costs involved in Employment and Installation of Distribution Transformer
Opportunities:
Rising Government investment in Smart City Projects and Increasing Demand for Electricity due Industry 4.0
Market Leaders and their expansionary development strategies
In 2021, Mexican transformer manufacturer GE-Prolec Transformers (Prolec GE) acquired SPX Transformer Solutions. This acquisition will bolster the infrastructure and help GE-Prolec Transformers to become a major distribution and power transformer player and will offer a broader selection of products and an improved cutting edge product portfolio.
In 2017, ABB launched a digital distribution transformer Integrated with sensing and monitoring technology. TXpert transformer will provide intelligence to maximize reliability, optimize operating and maintenance costs and manage the asset more efficiently. This launch builds an offering that uses cloud-based computing and connected devices to generate processable data for a broad range of customers.
Key Target Audience
Distribution Transformer Manufacturer, Component Provider, Research Institutes, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.