Distribution Transformer Market 2023: Global Industry Analysis, Size Projections, Share, Outlook Report 2028

The latest research study “Distribution Transformer Market Analysis: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global distribution transformer market size reached US$ 19.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 25.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4.93% during 2023-2028.

A distribution transformer, alternatively referred to as isolation transformer, is designed to alter the high voltage in electric power distribution. In terms of the insulation type, it can be categorized into dry and oil-filled categories. These distribution transformer models mostly comprise of an oil tank, temperature detector, conservator, Buchholz relay, breather unit, oil indicator, pressure relief device, thermal relay, bushing, and radiator. They prove highly effective in distributing the electricity generated from power plants to remote areas and even help to reduce the voltage for ensuring isolation among the two windings as primary and secondary. Consequently, distribution transformer systems find extensive utilization across the globe.

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Distribution Transformer Market Trends and Drivers: 

The increasing electricity consumption and power generation across countries, on account of the expanding population, is primarily driving the distribution transformer market. Additionally, the growing construction of smart cities, especially in developing countries, and the implementation of several stringent regulations by government bodies aimed at lowering the carbon emission level are acting as significant growth-inducing factors. In line with this, the introduction of multiple initiatives for improving the supply of electricity in rural regions is also positively influencing the global market. Moreover, the inflating sales of electric vehicles (EVs) and the escalating need to develop EV charging stations are further catalyzing the market growth. Besides this, the rising investments by key players in research and development (R&D) activities to upgrade the existing manufacturing infrastructure to minimize power failures and the shifting preference toward oil-filled product variants that offer longer service life and ensure more reliable overload capacities are anticipated to bolster the distribution transformer market over the forecasted period.

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Distribution Transformer Market Report Segmentation 2023-2028:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Who Are The Key Players in The Distribution Transformer Market?

• CG Power and Industrial Solutions Limited (Murugappa Group)
• Eaton Corporation PLC
• Limited, General Electric
• Hammond Power Solutions Inc.
• Hitachi Energy Ltd
• Ormazabal (Velatia S.L.)
• Schneider Electric
• SGB-Smit Group
• Siemens AG
• Toshiba Energy Systems & Solutions Corporation (Toshiba Corporation)
• Wilson Power Solutions
• Wilson Transformer Company.

The report has been segmented the market into following categories:

Breakup by Insulation Type:

• Dry
• Liquid Immersed

Breakup by Mounting:

• Pad
• Pole
• Underground vault

Breakup by Phase:

• Single
• Three

Breakup by Power Rating:

• Below 500 kVA
• 501 kVA–2500 kVA
• Above 2500 kVA

By Geography:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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