Press Release / Environment / Distribution Transformer Market Business Opportunities, Growth Rate, Share, Size, Current Trends, & Industry Analysis by 2022
Distribution Transformer Market Business Opportunities, Growth Rate, Share, Size, Current Trends, & Industry Analysis by 2022
By Market Research Future on June 01 2018 | 326 Views
The report for Distribution Transformer Market of Market Research Future comprises of extensive primary research along with the detailed analysis .of qualitative as well as quantitative aspects by var
Pune, India, June, 2018 /MRFR Press Release/- Market Research Future Adds Global Distribution Transformer Market Size, Status and Forecast 2023 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Market Highlights
Transformer is a very diverse subject areas, it comprises from small to very large systems. Transformer is broadly segmented into distribution transformer, power transformer and others (instrument transformer). Transformer systems have been dominating the renewable energy market as well conventional market in recent years because of the ability to transmit & distribute the energy in form of electricity and supply according to end user needs.
Transformer is an electrical device that transfers electrical energy between two or more circuits through electromagnetic induction. Transformer are used to increase or decrease the alternating voltages in power applications. It works on the principle of Faraday’s Law of Electromagnetic Induction which states that “the magnitude of voltage is directly proportional to the rate of change of flux.”
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Key Players
Siemens AG
General Electric
BB Ltd.
Crompton Greaves Limited
Eaton Corporation Plc.
Bharat Heavy Electricals Ltd
Industry/ Innovation/ Related News:
14 March 2017: ABB launches world’s first digital distribution transformer. Integrated sensing and monitoring technology in ABB’s new TXpert™ transformer will provide intelligence to maximize reliability, optimize operating and maintenance costs and manage the asset more efficiently.
In 2016, Siemens, one of the most innovative suppliers of distribution transformers, signed a contract to supply the Iraqi market with 1,250 distribution transformers. The total order is about €9 million.
9 July, 2015: GE Introduced Next-Generation Transformer which provides customers safer, more environmentally friendly transformer for urban applications.
Distribution Transformer Market - Segments:
Global Distribution Transformer Market is segmented in to 5 Key dynamics for an easy grasp and enhanced understanding.
Segmentation by Type: Pole Mounted, Pad Mounted, and Underground
Segmentation by Phase: Single & Three
Segmentation by Insulation: Oil- immersed and Dry
Segmentation by Power Range: 0-315kVA, 316-2499Kva, 2500-10000kVA and above 10000kVA
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Target Audience
Manufacturing Organizations
Distributors & Suppliers
Government as well as Independent Regulatory Authorities
Power sector consultants
Research Institute / Education Institute
Potential Investors
Distribution Transformer Market - Regional Analysis
Asia-Pacific held the largest market share within distribution transformer market, followed by North America and Europe. China has seen strong growth in the demand for electricity in the past couple of decades, due to high levels of industrialization and infrastructural developments. The continuous need to update and upgrade existing distribution infrastructure to serve the growing demand for electricity will lead to a positive growth of the transformer market over the forecast period. In the emerging economies of Asia-Pacific, extensive power plant capacity additions, economic growth, and the need to improve access to electricity are driving grid expansion and the distribution transformer market.
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