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Stable operation of the electrical grid is necessary to fulfill the electricity demands of billions of people on earth. Electric power from the distribution substation with voltage ranging typically between 4,000 and 36,000 volts. This value is too high for most common uses, such as homes, businesses, and even small industrial users. The device used to step the voltage down to service voltage is the distribution transformer.
Based on the mounting location, the distribution transformer is segmented in pad, pole and underground vault. The pad-mounted distribution transformer is located on the ground. Based on phase, the distribution transformer is divided into single-phase and three-phase. The three-phase variants are used for industrial and high power requirements. Based on insulation, the distribution transformer is divided into dry type and oil immersed. On the basis of voltage, the distribution transformer market is segmented into low voltage, medium voltage, and high voltage. Based on the application, the distribution transformer market is segmented in residential, commercial, industrial, and utility.
The major market driver for the global distribution transformer market is the increasing demand for stable and continuous electrical energy around the world. Many developed countries are now focusing on the refurbishment of aging power infrastructure. The development of smart grids will spur demand for I.O.T. compatible distribution transformer.
Key Market Driver -
Key Market Driver – Demand for smart grids and IoT enabled electrical infrastructure
Key Market Restraint -
Key Market Restraint – Slow modernization of existing electrical infrastructure
The key market restraint for the global distribution transformer is the slow modernization of existing electrical infrastructure. Instead of replacing the old transformer with new and efficient models, the existing transformers are repaired, and it has a negative impact on the demand of the distribution transformer.
Some of the major companies that are present in the distribution transformer market are ABB, Siemens, Schneider Electric, G.E., Eaton, B.H.E.L., Toshiba, Mitsubishi Electric Corporation, CG Power and Industrial Solutions Limited, Amran Inc, Distribution Transformer Equipment Corporation, Mehru Electrical & Mechanical Engineers (P) Ltd, Trench Group, Indian Transformers Company Ltd, EMEK Electrical Industry Inc., and PFIFFNER Distribution Transformers Ltd.
The demand for distribution transformer is dominated by the Asia-Pacific followed by North America, Europe, Middle-East and Africa, and Latin America. Increase in manufacturing activity and electrification initiatives in Asian countries like India, Bangladesh, Vietnam is a significant driver for distribution transformer market. The high growth in the number of manufacturing and industrial units has boosted demand for distribution transformer. The increase in railways, metros, bullet trains, IT hubs, commercial centers, etc. requires use of distribution transformer for stable and reliable electricity supply.
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Rapid urbanization has increased demand for distribution transformer. The increase in number of power generation plants and transmission infrastructure has also increased sales of distribution transformer. The African continent will have the highest potential out of the five regions. Electrification of African continent in upcoming decade will fuel demand for distribution transformers in forthcoming decades. The integration of renewable energy in the electrical grid in developed countries and developing countries has increased investment in electrical power system and boost the distribution transformer market. Automation and modernization of electrical infrastructure in the North American and European regions will stimulate demand for distribution transformer.
By Mounting Location
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