The Global Distribution Transformer Market is expected to witness a CAGR of 5.40 percent during the period 2014-2018.
A distribution transformer is used in the electric distribution system to step-down the high voltage to a lower level so the end-users such as industrial, commercial, as well as household, can consume distribution conveniently.
“Increased urbanization in developing countries is one of the major reasons for the increase in demand for reliable distribution of electric power, which eventually increases the demand for distribution transformers in these countries,” says Faisal Ghaus, Vice President of TechNavio.
“The growing capacity demand globally is majorly driven by the developing nations in the APAC region such as China and India. Rapid urbanization in these nations drives the demand for more distribution, which eventually increases the demand for distribution transformers.”
Key Market Drivers
Growing Demand from Developing Countries
Replacement Activities
Demand for Electricity
Key Market Trends
Increase in Power Generation and Distribution Capacity
Development of Next-generation Transformers
Increase in Mergers and Acquisitions
Key Market Vendors
ABB Ltd.
Alstom SA
Siemens AG
To define the market circumstances in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.