Global Market for Distribution Transformers is Forecast to Reach US$18.9 Billion by 2020

Robust Electric Power Production Drives the Global Distribution Transformers Market, According to New Report by Global Industry Analysts, Inc.

                                                                                                

GIA announces the release of a comprehensive global report on Distribution Transformers markets. Global market for Distribution Transformers is forecast to reach US$18.9 billion by 2020, driven by spiraling energy consumption and equally robust electric power production.

Electricity consumption over the last few decades soared exponentially with dramatic rise in global population. All forms of economic activity, such as industry, agriculture, or services are dependent on uninterrupted power supply. Aided by factors such as rising urbanization, advancements in energy hogging technologies and growth in commercial industries, consumption of energy is set to further increase in the coming years. The resulting demand for equipment for generation, transmission and distribution of electricity is expected to escalate, translating into significant opportunities for distribution transformers. Increasing shift towards clean energy, mounting concerns over carbon emissions, and the need to improve energy-efficiency represent other important growth drivers in the market.

Influenced by energy-efficiency norms, the market is witnessing effervescent product innovations to curb energy losses, a major concern associated with power generation and transmission. Innovations in recent times include the launch of transformers with amorphous metal distribution transformers and hexaformers. The market is also witnessing a shift towards Dry Type Distribution Transformers from Oil Filled Distribution Transformers. Various incentive schemes and tax credits offered by governments to encourage capital investments in energy-efficient equipment are also expected to give demand for distribution transformers a boost.

As stated by the new market research report on Distribution Transformers, Asia-Pacific represents the largest as well as the fastest growing market worldwide with a CAGR of 6.9% over the analysis period. The global market is dominated by Oil Filled Distribution Transformers. Driven by their low flammability and application in hazardous locations, Dry Type Distribution Transformers are projected to offer the highest growth potential. Oil filled distribution transformers are projected to retain their dominance, primarily due to cost efficiency benefits. The utility end-use sector accounts for the bulk of demand, while non-utility applications are projected to offer the highest growth potential.

Major players covered in the report include Asea Brown Boveri (ABB), Crompton Greaves Ltd., DAIHEN Corporation, Emerson Industrial Automation, Appleton Group, Eaton Corporation, EFACEC Group, General Electric Company, Hammond Power Solutions Inc., Howard Industries, IMP Power Limited, Kirloskar Electric Company Limited, Powertech Transformers (Pty) Ltd., Schneider Electric SA, Siemens AG, Shihlin Electric & Engineering Corporation, and Tebian Electric Apparatus Stock Co. Ltd., among others.

The research report titled "Distribution Transformers: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. The global and regional markets for distribution transformers are analyzed in US$ million by distribution class (Oil Filled Distribution Transformers and Dry Type Distribution Transformers) as well as end-use applications (Utility and Non-Utility).

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