Development of Next-Generation Transformers Stimulating Growth in the Global Distribution Transformer Market
Tuesday 23 September 2014, Amsterdam
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.
Global Distribution Transformer Market 2014-2018
Publish date : September 2014
Report code : ASDR-147371
Pages : 56