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The awareness for green energy has risen in the recent years. The nations are looking for renewable energy to reduce the carbon dioxide emissions in the environment. The deployment of the more sustainable energy systems will drive the demand for distribution transformer market. The need for more efficient power distribution systems have also led to the burgeoning of demand. Smart grids which have lower operational cost and higher energy efficiency are increasingly being adopted.
The three-phase segment of distribution transformer will undergo rapid growth. This is because of the compact size, lower weight, and ease in assembling the transformer. Single phase transformer will also register growth because of the increasing urbanisation and expansion of small-scale industries. The pole mounting segment of distribution transformers by mounting is expected to witness substantial growth because of the expansion of transportation system and high investments in the infrastructure development. The residential segment in the end use industry will also have significant growth owing to the gap in demand and supply of electricity in developing nations. The electricity requirements of the growing population with increasing economic development is going to accelerate the distribution transformer industry.
There has been increasing investments in the electricity infrastructure to upgrade and modernise the power transmission systems. Eaton Corporation PLC (NYSE: ETN), one of the key players in distribution transformer market announced on November 30, 2020 about major infrastructure investments across North America. The company would expand its manufacturing capacity, modernise its system and increase its distribution centre. This will improve the system and increase the supply of electrical solutions to residential and commercial markets. Such investments in power distribution system will aid the demand for distribution transformers.
Market Analysis by Type, Phase, Capacity, Mounting, Application and Regions:
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The major players in the global distribution transformer market are Eaton Corporation PLC, Mitsubishi Electric Corporation, Schneider Electric, Siemens AG, Hitachi ABB Power Grids Ltd, and General Electric Company among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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