Distribution Transformers Global Market Report 2023: Surging Demand for Smart Transformers Drive Steady Market Growth

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Global Market for Distribution Transformers

Global Market for Distribution Transformers

Dublin, March 10, 2023 (GLOBE NEWSWIRE) -- The "Distribution Transformers: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Distribution Transformers Market to Reach $27.8 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Distribution Transformers estimated at US$18.1 Billion in the year 2022, is projected to reach a revised size of US$27.8 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2022-2030. Oil Filled, one of the segments analyzed in the report, is projected to record 5.2% CAGR and reach US$23.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Dry Type segment is readjusted to a revised 6.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $4.9 Billion, While China is Forecast to Grow at 8.2% CAGR

The Distribution Transformers market in the U.S. is estimated at US$4.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.7 Billion by the year 2030 trailing a CAGR of 8.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 4.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Select Competitors (Total 78 Featured) -

• Appleton Group

• Astor Transformer A.S

• Bemag Transformer

• Bharat Heavy Electricals Limited

• Bowers Electricals

• DAIHEN Corporation

• Diamond Power Infrastructure Limited

• Eaton Corporation plc

• EFACEC Group

• EMCO Ltd.

• Emerson Electric Co.

• ETEL Transformers Pty Ltd.

• Federal Pacific

• General Electric Company

• Hammond Power Solutions Inc.

• Harmonics Limited

• Howard Industries Inc.

• Hubbell Inc.

• Hyosung Power & Industrial Systems Performance Group

• Hyundai Heavy Industries Co. Ltd.

• Imefy Group

• IMP Power Limited

• Jefferson Electric

• JSHP Transformer

• Kirloskar Electric Company Limited

• KONCAR - Elektroindustrija d.d.

• Marsons Limited

• MGM Transformer Company

• Mitsubishi Electric Corp.

• Ormazabal Velatia

• Pioneer Power Solutions Inc.

• Schneider Electric SE

• SGB-SMIT Group

• Shihlin Electric & Engineering Corporation

• Siemens AG

• Tebian Electric Apparatus Stock Co., Ltd. (TBEA)

• Technical Associates Ltd.

• VanTran Industries Inc.

• Wilson Power Solutions

• Wilson Transformer Company

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

• Global competitiveness and key competitor percentage market shares

• Market presence across multiple geographies - Strong/Active/Niche/Trivial

• Online interactive peer-to-peer collaborative bespoke updates

• Access to digital archives and Research Platform

• Complimentary updates for one year

Key Attributes:

Report Attribute	Details
No. of Pages	211
Forecast Period	2020 - 2027
Estimated Market Value (USD) in 2020	$17.3 Billion
Forecasted Market Value (USD) by 2027	$23.6 Billion
Compound Annual Growth Rate	4.5%
Regions Covered	Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights

• World Market Trajectories

• Distribution Transformers: Meeting the Distribution Needs of the Evolving Electric Power Industry

• Recent Market Activity

• Deregulation and Its Impact on Power Sector: An Insight

• Market Fortunes Intrinsically Linked to T&D Network Trends

• Spiraling Energy Consumption and Equally Robust Electric Power Production Drives the Need for Efficient Power Distribution

• T&D Technology Evolves over the Years to Suffice Surging Demand

• Global Market Outlook

• Stable Economic Scenario to Augment Market Prospects

• Distribution Transformers - Global Key Competitors Percentage Market Share in 2022 (E)

• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Surging Demand for Smart Transformers Drive Steady Market Growth

• Smart Transformers for Smarter Power Transmission and Distribution

• Traditional Vs. Smart Transformers: A Comparison

• Smart Transformers for Effective Power Loss Management

• Smart Distribution Transformers: Vital to Asset Monitoring

• Spiraling Smart Grid Technologies Spend: An Important Opportunity Indicator for Smart Transformers

• Distribution Transformers with On-Load Tap Changers to Play Critical Role in Smart Grids

• Major Applications of Smart Transformers in the Smart Grid

• Connection between LV and MV Grids

• Connection between Loads and MV Grid

• Application between Distribution Grids

• Application between Power Generation Source and Distribution Grid or Load

• Interface for Smart Grids and Distributed Generation

• Growing Need for Energy Savings Drive Demand for Higher Efficiency Distribution Transformers

• Huge Savings Potential of Higher Efficiency Distribution Transformers

• Key Barriers to Adoption of Higher Efficiency Distribution Transformers

• The Integrated Policy Approach for Transition to Higher Efficiency Distribution Transformers

• Efforts for Making Energy Performance of Distribution Transformers More Visible

• Universal Adoption of MEPS Needed for More Savings

• Economic Incentives Encourage Distribution Networks to Adopt Higher Efficiency Transformers

• Need for Policy Frameworks

• Public Policies Concerning Transformers at the Product, Utility and Market Levels

• Product Level

• Utility Level

• Market Level

• Surging New Capacity Additions: A Business Case for the Power Distribution Industry

• Upgrades & Expansion Projects Drive Strong Demand in Asian Countries

• Rural Electrification Promote Market Adoption

• Developed Markets Dependent on Replacement and Upgrades Demand

• Steady Demand from Industrial, Commercial & Residential Sectors Lend Traction to Market Growth

• Positive Outlook for the Global Construction Industry Benefits Market Expansion

• Disruptions in Transmission and Distribution Provide Opportunities

• Stabilizing Regulatory Environment Benefits Market Expansion

• Implementation of Energy Efficiency Standards Bodes Well for the Market

• Growing Threat of Global Warming Stokes Demand for Green Distribution Transformers

• Domestic Targets for Greenhouse Gas Emissions of Select Regions/Countries

• Green Transformer Program Supports Environmental Protection

• Benefits of Low-Loss Transformers

• Transformers Going Green, Ester Used for Insulation Purposes

• Advantages of Natural Ester Fluid

• Natural Ester Fluid-Based Amorphous Transformers

• Energy Losses during Electricity Distribution Reinforces the Need for Efficient Equipment

• Favorable Demographic and Urbanization Trends Strengthens Market Prospects

• Ballooning Global Population

• Exponential Increase in Global Urban Population

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/5wixzw

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• Global Market for Distribution Transformers

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