Global Distribution Transformers Market 2019-2023

The global distribution transformers market size will grow by USD 2.73 billion during 2019-2023. This report offers an analysis of the market based on end-user (power utilities, and industrial and commercial). The market research report further presents an in-depth insight on the growth prospects of the market across geographic regions such as APAC, Europe, MEA, North America, and South America. The report analyzes the market’s competitive landscape and offers information on several companies including ABB, Avantha Group (CG Power and Industrial Solutions Limited), Eaton, Schneider Electric, Siemens, and WEG.

Below are some of the key findings from this distribution transformers market analysis report

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Global distribution transformers industry overview

The upgradation of power transmission and distribution infrastructure is one of the critical reasons that will drive the distribution transformer market’s growth. New power generation sources and the increasing number of consumers require capable infrastructure. The existing transmission and distribution networks are old and unable to handle the emerging requirement for power. Developing countries are investing in power distribution infrastructure due to growing population and absence of adequate power distribution network. These countries are focusing on retrofitting and repairing existing power transmission and distribution infrastructure. As a result, the global distribution transformers market will be impacted positively.

Digitization of power network assets offers end users with data points to operate transformers to their full capacity and achieve its predictive maintenance. For instance, Sensformer by Siemens enables collection of data like the oil levels, winding temperature, etc. and transmits this through Modbus or Ethernet, to the operator’s data warehouse or on the external cloud. The digitization of distribution transformers enables optimized grid operation, quicker action, and predictive maintenance.  The technological advances in these transformers will drive the distribution transformers market to grow at a CAGR of 3% during the forecast period.

Top distribution transformers companies covered in this market research report

The distribution transformers market is moderately fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, the industry analysis report will allow the clients to identify new growth opportunities and design innovative strategies to improve their share in the market.

The report offers a complete analysis of various companies including:

• ABB
• Avantha Group (CG Power and Industrial Solutions Limited)
• Eaton
• Schneider Electric
• Siemens
• WEG

 Distribution transformers market segmentation based on geographic regions

• APAC
• Europe
• MEA
• North America
• South America

APAC will hold the highest share of this market throughout the forecast period. The growing need for power is one of the major reasons for the high growth of the distribution transformers market in this region. Government support to distribution utilities has accelerated the installation of distribution transformers in the APAC region.

 Distribution transformers market segmentation based on end-users

• Power utilities
• Industrial and commercial

The power utilities segment will account for the highest share of the distribution transformers market. This segment will grow during the forecast period because power utilities are involved in power transmission and distribution projects. Developed countries are focusing on emerging technologies to transform power grids into smart grids.

Key highlights of the global distribution transformers market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the distribution transformer market during the next five years
• Precise estimation of the global distribution transformers market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the distribution transformers industry across various geographies such as APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of distribution transformers companies 

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