Triton Market Research presents the Global Distribution Transformers Market report segmented by Insulation type (Oil-filled and Dry type), by Mounting type (Pole-mounted, Pad-mounted and Underground vault) and phase (Three-phase and Single-phase) by Geographical Region (North America, Europe, Asia Pacific and rest of world), discussing Industry Value Chain Analysis, Porter's 5 Force Analysis, Drivers, Restraints, Vendor Profiles, Global Market Size, Forecasts & Analysis (2019-2027).
Distribution transformers are also known as power-driven segregated transformers that convert the voltage levels suitable for usage in business and homes. It functions by stepping down the voltage and offering segregation amid primary and secondary. Approximately all energy routes through least one distribution transformer prior its consumption by an end-use appliance, equipment, etc.
Distribution Transformers has made their presence in all the areas of the economy, including commercial, industrial and residential. They work at low efficiency, are easily installed, compact and offers low magnetic losses. These benefits have been the influential factors for the growth of the distribution transformers market across the globe. Also, Triton Market Research report on global distribution transformers depicts that the market is developing at 7.57% of CAGR during the forecast period 2019-2027.
The refurbishment of the existing power infrastructure has successfully promoted the distribution transformers market globally. The rising focus on environmental safety, developing technology and surging strive in the advancement of the smart grid are also key drivers influencing the market growth positively. Furthermore, the grid funding in Europe region has accelerated to around $200 million in 2016, which has proliferated the development of the grid infrastructure, thus, resulting in demand for grid components like transformers, smart meters and others.
The three-phase transformers is the largest revenue generating segment in the global distribution transformers market. It provides proficiency to the big machines used in the production as it can route the voltage to long distance using a small conductor. The demand for three-phase power distribution is considered, owing to the requirement for economic solutions, growing need for reliable technology and maintaining a continuous flow of power.
The demand from European countries like France, Spain, Germany and Russia and also from emerging countries of APAC, including India, China, Pakistan and Australia are anticipated to the drive the three-phase power distribution transformers market over the forecast period. The pioneers in manufacturing three-phase power distribution transformers in the world are Estel Company Ltd., SNC manufacturing, Mitsubishi Corporation, Hitachi Corporation, and Moloney Electric, Inc.
The global distribution transformers market is filled with a huge number of companies. Few companies such as ABB, General Electric, Siemens AG are specifically working for distribution transformers, whereas, other companies such as Schneider Electric, Hitachi, etc. are having a specialized segment of distribution transformers devices and products. Amongst all the companies, ABB Ltd. held the largest market share with respect to others as the company is having a wide range of distribution transformers products.
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