The global market for Distribution Transformers is projected to exceed US$20 billion by 2022, driven by the world’s insatiable appetite for power and the seemingly continuous need for expanding and modernizing electric power distribution systems and networks. Worldwide, the numerous measures undertaken to step-up renewable energy production in a bid to reduce dependence on fossil fuels is fueling the need for investing in high-voltage power lines to move large amounts of renewable power over long distances. The scenario is poised to benefit demand for transformers especially application-specific transformers such as wind transformers for wind turbine generators and transformers for wind power collection and connection. Also making a significant positive impact on the market are technology innovations and development of next generation energy efficient transformers. Asia-Pacific represents the largest as well as the fastest growing market with a CAGR of 6.6% over the analysis period, led by factors such as rapid industrialization and rise in power consumption by the industrial and manufacturing sectors; continued government policy level support for generating power through conventional sources such as oil & gas and coal; urbanization and smart city initiatives and the ensuing need for smart energy distribution systems.  

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Summary of Findings
  • Growing Focus on Safety and Environment Protection Drives Demand for Dry Type Transformers
  • Rising Investments in Smart Grid Projects and Commissioning of Restructuring and Expansion Projects Provide the Foundation for Growth in the Market
  • Widespread Focus on Reducing Electrical Energy Losses Drives Demand for Low Loss Distribution Transformers
  • Establishment of Smart Power Grids to Address Power Requirements of Load Centers Drive Demand for Smart Transformers
  • Development of Solid-State Transformers (SSTs) Capable of Doubling as Inverters & Chargers for Solar Panels and Electric Vehicles to Spearhead Market Growth

Timeline for Analysis
  • Market Estimates and Forecasts for 2015-2022
  • Historic Review 2009-2014

Geographic Markets Analyzed
  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World

Market Segmentation & Classification
  • Equipment Class:
    • Oil Filled Distribution Transformers, and Dry Type Distribution Transformers
  • End-Use Sectors:
    • Utility, and Non-Utility

Major Players
  • ASEA Brown Boveri
  • Bharat Heavy Electricals Limited
  • Bowers Electricals
  • Crompton Greaves Ltd.
  • DAIHEN Corporation

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