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Global Distribution Transformer Market to Grow at a CAGR of 5% During 2021-2026, Aided by Implementation of Renewable Energy

According to a new report by EMR titled, ‘Global Distribution Transformer Market Report and Forecast 2021-2026’, the global distribution transformer industry is likely to grow at a CAGR of 5% in the forecast period of 2021-2026.

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:

  • The types of distribution transformer are oil-filled and dry type.
  • The distribution transformer has the phases comprising single phase and three phase.
  • On the basis of capacity, industry is segmented into below 500kVA, 500kVA-2500 kVA and above 2500 kVA.
  • The kinds of distribution transformer mounting are pole-mounted, pad-mounted, and underground vault.
  • The applications of the industry are residential and commercial, industrial, and power utilities, among others.

Key Findings of the Report:

  • The advancements in transformer technology will augment the demand for distribution transformers.
  • The modernisation of power distribution systems and adoption of smart grid will provide impetus to the growth of industry.
  • The increasing deployment of renewable energy will boost the market demand.
  • The rising population, rapid urbanization, and higher disposable income is providing impetus to growth of the industry.
  • The increasing investment by the governments in basic infrastructure will propel the market growth.

Key Offerings of the report:

  • The EMR report gives an overview of the global distribution transformer industry for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecasted (2021-2026) markets for the type, phase, capacity, mounting, application, and major regions of DC drives industry. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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