GLOBAL DISTRIBUTION TRANSFORMER MARKET FORECAST 2017-2025
LONDON, Nov. 13, 2017 /PRNewswire/ -- KEY FINDINGS
A distribution transformer is used whenever an electrical energy at a low voltage is needed (440v-220v for domestic purpose and less than 33KV in the case of industrial use). The Distribution Transformer Market is expected to grow at a CAGR of 7.51% during the forecast period of 2017-2025.
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MARKET INSIGHTS
The advances in transformer industry and the rebuilding and modernization of aging power infrastructure are mainly responsible for driving the market. The global distribution transformers market is segmented on the basis of insulation type that includes dry and oil filled insulations, on the basis of mounting that includes the pad-mounting, pole mounting and underground vault and on the basis of the type of phase (single phase or three phase).
REGIONAL INSIGHTS
Geographically, the global Distribution Transformers market is divided into North America, Europe, and Rest of World. The Asia Pacific region accounted for the largest share of the market in the year 2016 and is expected to maintain this status throughout the forecast period with China, India, South Korea, and Japan being the leading contributors.
COMPETITIVE INSIGHTS
The power segment of the General Electric Company is a leader in providing fuels, nuclear reactors, process system solutions, water treatment, distributed power gas engines, and gas and steam power systems. Another company, ABB Ltd operates in over 100 countries by providing power and automation technology for the industrial customers. The other major players in the global market include Crompton Greaves Ltd, Siemens Ag, General Electric, Schneider Electric, Hitachi Ltd, Transformers And Rectifiers India Limited and Others.
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