New York, US, March 02, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Research Report by Market Research Future (MRFR), “Distribution Transformer Market Information by Type, Insulation, Power Rating, and Region - Forecast till 2030”, Between 2022 and 2030, the distribution transformer market could reach a valuation of USD 24,605.6 Million at a CAGR of 9.0%.
Distribution Transformer Market Overview
As the final voltage transition in the system, a distribution transformer, also known as a service transformer, lowers down the voltage used in power distribution. The term "transformer" refers to a piece of equipment that transfers electrical energy from one alternating-current circuit to one or more other circuits by either raising (stepping up) or reducing (stepping down) the voltage. Transformers are used for a wide range of purposes, including powering low-voltage devices such as doorbells and toy electric trains, as well as raising the voltage from electric generators so that power may be transferred over long distances.
The final voltage transformation in the electric power distribution system is performed by a distribution transformer or service transformer, which lowers down the voltage in the distribution lines to the level used by the customer.
Market Competitive Landscape:
The important firms in the distribution transformer industry are
- Wilson Power Solutions Ltd (U.K)
- Emerson Electric (U.S.)
- Hitachi (Japan)
- Kirloskar Electric Co. Ltd. (India)
- Wenzhou Rockwell Transformer Co. Ltd. (China)
- ABB Ltd (Switzerland)
- Eaton Corporation (Dublin)
- General Electric (U.S.)
- Mitsubishi Electric Corporation (Japan)
- Ormazabal (Spain)
- SPX Transformer Solutions Inc. (U.S.)
- EREMU S.A. (Spain)
- Lemi Trafo Jsc (Bulgaria)
- Hammond Power Solutions Inc. (Canada)
- Bowers Electricals Ltd (U.K)
- Bharat Heavy Electricals Ltd (India)
- Crompton Greaves Ltd. (India)
- Among others.
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Generally, distribution transformers do not run at maximum load; rather, they perform best at lower loads. Furthermore, voltage regulation is eliminated in these transformers to maximize efficiency. As a result, distribution transformers have a low leakage reactance. Transformers with capacities less than 500 kVA are commonly referred to as distribution transformers. In the home, 380V/220V distribution transformers are used, however in the industry, distribution transformers with voltage distribution less than 33 kV are used. Different distribution transformers can serve a variable number of customers depending on the overall number of consumers in an area.
Leading competitors in the distribution transformer market are increasing their footprint through a range of strategic partnerships and mergers with raw material or service suppliers. To improve safety and dependability and gain a competitive advantage over competitors, major businesses are also conducting R&D operations to combine smart technologies with distribution transformers.
January 2023
Servokon, a prominent manufacturer and supplier of power conditioning equipment and power transformers, is preparing to demonstrate its energy prowess at Elecrama 2023 by displaying a power transformer with a large capacity of 16,000 KVA.
Distribution Transformer Market Report Scope:
| Report Metrics | Details |
| Market Size 2030 | 2030: 24,605.6 million USD |
| CAGR during 2022-2030 | 9.0% CAGR |
| Base Year | 2021 |
| Forecast | 2022-2030 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Key Market Opportunities | Calibration of proper equipment New product launches and R&D Amongst major key players |
| Key Market Drivers | Existing power infrastructure in developing countries Expansion in the current plans of transforming and distribution sector Smart grid initiatives for economic efficiency Growth in the renewable sector |
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The Assam Electricity Board has already accepted Servokon's power and distribution transformer, and the emerging player in power distribution has also applied to the Jharkhand Electricity Board, Uttar Pradesh Electricity Boards, and Madhya Pradesh Electricity Boards. Servokon's high-quality and high-performance power and distribution transformer is a significant step in fulfilling the government's objective of revamping the country's power infrastructure and making India energy independent.
Distribution Transformer Market USP Covered:
Market Drivers:
Because of the increasing energy demand among many remote load centers, high-tension electrical networks are increasingly required, prompting the outside installation of distribution transformer systems. In recent years, consumer demand for products has been affected by the benefits of outdoor installations, such as quick setup and straightforward fault identification. Product uptake will be boosted by greater retrofitting of grid infrastructure in the suburbs and attempts to improve cross-border networks.
The increasing penetration of large transformers, which require trustworthy earthing arrangements and a stable footing, will drive significant expansion in the pad mounting distribution transformer market. In recent years, mounting system popularity has been enhanced by factors such as improved safety, reduced land needs, low installation costs, and improved aesthetics.
Market Restraints:
The market for distribution transformers is severely hampered by the volatility of raw material prices. The price swings of raw resources such as crude oil, steel, and copper are to blame for the insecurity. Transformers are mostly made of steel and copper. The Distribution Transformer market for medium power transformers has been hampered by rising tariffs on raw materials such as steel and copper, which have increased price volatility. For example, the United States administration intended to raise taxes on derivative steel and aluminum imports by 25% and 10%, respectively. Pricing rises result in greater operating costs, slowing the Distribution Transformer market's expansion.
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COVID 19 Analysis
The COVID-19 epidemic has had a significant impact on numerous marketing fields, including the global Automotive Digital Cockpit Market. The global epidemic has wreaked havoc on the supply chain and harmed productive facilities. Along with that, production volumes fell and shipments were delayed, resulting in a massive loss for the global market. The market's total growth volume has slowed for the year 2020.
Distribution Transformer Market Segmentation
By Insulation type:
The insulation types are liquid-immersed and dry.
By Mounting
Depending on mounting, the key segments are poles, pads, and underground vaults.
By Phase-Type:
Phase types are three and single.
By Power Rating:
With respect to power rating, the key segments are Up to 500 kVA, 501 kVA–2,500 kVA, 2,501 kVA–10,000 kVA, and Above 10,000 kVA.
Distribution Transformer Market Regional Insights
Because of expanding power age limit plans and growing interest in replacing/restoring aging circulation transformers, Asia-Pacific is likely to be the largest and fastest developing region. They are developing power interests, particularly in China and India, as a result of rapidly expanding mechanical and infrastructural development activities.
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China has seen significant levels of power consumption as a result of the country's remarkable economic growth, paired with variables such as rapid industrialization and urbanization power. China's monetary growth was about 7%, while gross electricity use increased by 6.6%, topping 6,000 TWh, a record for 2017.
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