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

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 AttributeDetails
No. of Pages211
Forecast Period2020 - 2027
Estimated Market Value (USD) in 2020$17.3 Billion
Forecasted Market Value (USD) by 2027$23.6 Billion
Compound Annual Growth Rate4.5%
Regions CoveredGlobal

Key Topics Covered:




  • 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



  • 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




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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