Advertisement
UK markets closed
  • NIKKEI 225

    38,633.02
    +62.26 (+0.16%)
     
  • HANG SENG

    18,335.32
    -95.07 (-0.52%)
     
  • CRUDE OIL

    82.34
    +0.77 (+0.94%)
     
  • GOLD FUTURES

    2,371.90
    +25.00 (+1.07%)
     
  • DOW

    39,100.92
    +266.06 (+0.69%)
     
  • Bitcoin GBP

    51,288.64
    +114.83 (+0.22%)
     
  • CMC Crypto 200

    1,358.94
    -23.72 (-1.72%)
     
  • NASDAQ Composite

    17,731.82
    -130.42 (-0.73%)
     
  • UK FTSE All Share

    4,508.44
    +35.07 (+0.78%)
     

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

Company Logo
Company Logo

Global Market for Distribution Transformers

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) -

ADVERTISEMENT
  • 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

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900