Fairfield Market Research Distribution Transformers Market Size, Share, Trends, Type 2030

Distribution Transformers Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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Ongoing Smart Cities Initiatives Will Propel the Distribution Transformers Market

The development goal of distribution transformer is low loss, especially low open circuit losses, and highlight the effect of energy saving. It needs the characteristics of low noise, especially the carrying idler noise, and meets the environmental protection requirements. It is fully sealed to make the transformer oil does not contact with the outside air to meet the maintenance of free requirements. The protection device is loaded into the tank and miniaturised; it reduces the size of the distribution transformer and is convenient for the installation of the field. It does not have charge when it is exposed to the air, and it is safe to use. It has the characteristics of small size, light weight, reliable operation, and convenient maintenance. Increasing demand for steady and continuous electrical energy worldwide is a primary factor driving the global distribution transformers market.

Innovative grid development will increase demand for I.O.T. compliant distribution transformers. In the future, the demand grids will be driven by increased investment and implementation of smart grid technologies such as smart meters, EV chargers, and other associated smart grid infrastructure technologies. Smart grids are predicted to develop significantly due to the rising need for high-quality, secure, and dependable power – the new upcoming intelligent city initiatives in developing countries present prospects for expansion for these types of grids. According to United Nations Human Development Index, in 2021, there were a total of 118 smart cities worldwide, with 26 more smart cities to be constructed by 2025. The growing number of smart cities in the world will influence the number of smart grids, thus fuelling the demand, in turn driving the growth of distribution transformers market.

Another factor that influences the growth of smart cities and distribution transformer is the government initiatives to implement these grids, especially in the developing economies. In 2020, India's Finance Minister stated that the government intends to replace all conventional electricity meters with smart ones within three years. Such government initiatives worldwide are driving the growth of the smart grid and, eventually, the distribution transformer.

Oil Filled Transformer Will Dominate Distribution Transformers Market with Diverse Application

Their widespread use in electricity distribution drives the market for oil-filled transformers. Rising power consumption in industrial and residential regions is a central element driving the expansion of worldwide transformer oil market. The constant transformer capacity upgrade and rapid transition to other renewable energy sources are essential factors predicted to drive growth in the global transformer oil segment throughout the forecast period. Massive power generation and distribution changes to develop renewable energy sources have increased the demand for oil-filled transformers. Rapid global demand for energy due to rapid industrialisation in developing countries is driving the segment growth. These reasons are boosting demand in this segment.

Asia Pacific Will Acquire Large Market Share due to Rising Electricity Usage in Region.

Asia Pacific is likely to be the most significant and fastest-growing region in global distribution transformers market because of the expanding power generation capacity, and mounting energy demand, notably in China, and India. The need for distribution transformers has increased due to rapid urbanisation. The rising number of electricity production plants and transmission infrastructure has resulted in higher regional distribution transformer sales. The rapid expansion of manufacturing and industrial units in the region has increased the demand for distribution transformers. The increased usage of railways, metros, bullet trains, IT hubs, and commercial centres in the region necessitates using distribution transformers for a stable and reliable power supply.

China has experienced significant energy demand due to the country's unparalleled economic expansion, as well as factors such as fast industrialization and urbanization of electricity. China's economy has been rapidly expanding in recent years and has maintained a positive growth rate throughout the COVID-19 epidemic. To address increased electricity demand, utilities and governments in China are constructing new generation projects, notably those based on renewable energy. This would almost certainly necessitate transmission and distribution infrastructure to handle these developments, which will fuel the rise of distribution transformers in the country. Siemens Energy AG was awarded a contract in March 2021 to supply distribution transformers for the 300 MW Yuhuan offshore wind power project phase I in Chinese waters. The project is located in Zhejiang province, off the coast of Taizhou. Thus, with the ongoing development in the region, the distribution transformers market will increase in the coming years.

North America’s distribution transformers market will see a significant rise in the coming years. Factors such as rising industrial energy consumption and replacement of ageing transmission and distribution networks are expected to drive the North American transformer market. The expansion of the North American transformer market is also attributed to rising electricity demand in the cement production and mining and petrochemical industries. The United States, with its steady increase in energy demand and the growing number of commercial and industrial operations, is anticipated to be North America's largest transformer market. The country is seeing a significant increase in renewable energy capacity, which necessitates a considerable number of power and distribution transformers to move electricity from the generation site to the customers. Renewable energy sources will account for around 12.2 percent of total US energy consumption and approximately 20.1 percent of power generation in 2021. Thus, the growing renewable energy penetration will increase the demand for the product in the coming years.

Global Distribution Transformers Market: Competitive Landscape

In December 2021, Gujarat Energy Transmission Corporation awarded Transformers & Rectifiers India Ltd. orders for various transformers, including distribution transformers, for a total contract value of INR 72 crore (GETCO). In September 2021, Egypt agreed to a USD 254 million loan expand its power distribution network. The Egyptian Electricity Transmission Company (EETC) struck a finance agreement with numerous Egyptian banks to add to and develop the country's transformer stations. This distribution network expansion project will almost certainly include the installation of distribution transformers, which will enhance the growth of the distribution transformers market.

Some players in the distribution transformers market include Mitsubishi Electric Corporation, General Electric, Siemens, ABB, Toshiba Energy Systems & Solutions Corporation, Schneider Electric, Elsewedy Electric, and Eaton.

Regional Classification of the Global Industrial Diamond Market is Listed Below:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • Spain
  • U.K.
  • Italy
  • Russia
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

 Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East and Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

*Regions and countries are subject to change based on data availability.

Key Elements Included In The Study: Global Distribution Transformers Market

  • Distribution Transformers Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value and Volume, 2019 - 2022
  • Volume Consumption at Regional and Country Level, 2023 - 2030
  • Market Dynamics and Economic Overview
  • Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2023 - 2030
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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1. Executive Summary
     1.1. Global Distribution Transformers Market Snapshot
     1.2. Key Market Trends
     1.3. Future Projections
     1.4. Analyst Recommendations

2. Market Overview     
     2.1. Market Definitions and Segmentations
     2.2. Market Dynamics
            2.2.1. Drivers
                    2.2.1.1. Driver A
                    2.2.1.2. Driver B
                    2.2.1.3. Driver C
            2.2.2. Restraints
                    2.2.2.1. Restraint 1
                    2.2.2.2. Restraint 2
            2.2.3. Market Opportunities Matrix
     2.3. Value Chain Analysis
     2.4. Porter’s Five Forces Analysis
     2.5. Covid-19 Impact Analysis
            2.5.1. Pre-covid and Post-covid Scenario
            2.5.2. Supply Impact
            2.5.3. Demand Impact
     2.6. Government Regulations
     2.7. Technology Landscape
     2.8. Economic Analysis
     2.9. PESTLE

3. Global Distribution Transformers Market Outlook, 2019 - 2030
     3.1. Global Distribution Transformers Market Outlook, by Product Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
            3.1.1. Key Highlights
                    3.1.1.1. Oil-filled
                    3.1.1.2. Dry
     3.2. Global Distribution Transformers Market Outlook, by Phase, Volume (Units) and Value (US$ Mn), 2019 - 2030
            3.2.1. Key Highlights
                    3.2.1.1. Single-phase
                    3.2.1.2. Three-phase
     3.3. Global Distribution Transformers Market Outlook, by Mounting, Volume (Units) and Value (US$ Mn), 2019 - 2030
            3.3.1. Key Highlights
                    3.3.1.1. Pole-mounted
                    3.3.1.2. Pad-mounted
     3.4. Global Distribution Transformers Market Outlook, by Capacity, Volume (Units) and Value (US$ Mn), 2019 - 2030
            3.4.1. Key Highlights
                    3.4.1.1. Below 500 kVA
                    3.4.1.2. 500 - 2500 kVA
                    3.4.1.3. More than 2500 kVA
     3.5. Global Distribution Transformers Market Outlook, by Region, Volume (Units) and Value (US$ Mn), 2019 - 2030
            3.5.1. Key Highlights
                    3.5.1.1. North America
                    3.5.1.2. Europe
                    3.5.1.3. Asia Pacific
                    3.5.1.4. Latin America
                    3.5.1.5. Middle East & Africa
            3.5.2. BPS Analysis/Market Attractiveness Analysis

4. North America Distribution Transformers Market Outlook, 2019 - 2030
     4.1. North America Distribution Transformers Market Outlook, by Product Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
            4.1.1. Key Highlights
                    4.1.1.1. Oil-filled
                    4.1.1.2. Dry
     4.2. North America Distribution Transformers Market Outlook, by Phase, Volume (Units) and Value (US$ Mn), 2019 - 2030
            4.2.1. Key Highlights
                    4.2.1.1. Single-phase
                    4.2.1.2. Three-phase
     4.3. North America Distribution Transformers Market Outlook, by Mounting, Volume (Units) and Value (US$ Mn), 2019 - 2030
            4.3.1. Key Highlights
                    4.3.1.1. Pole-mounted
                    4.3.1.2. Pad-mounted
     4.4. North America Distribution Transformers Market Outlook, by Capacity, Volume (Units) and Value (US$ Mn), 2019 - 2030
            4.4.1. Key Highlights
                    4.4.1.1. Below 500 kVA
                    4.4.1.2. 500 - 2500 kVA
                    4.4.1.3. More than 2500 kVA
     4.5. North America Distribution Transformers Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2019 - 2030
            4.5.1. Key Highlights
                    4.5.1.1. U.S.
                    4.5.1.2. Canada
            4.5.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Distribution Transformers Market Outlook, 2019 - 2030
     5.1. Europe Distribution Transformers Market Outlook, by Product Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
            5.1.1. Key Highlights
                    5.1.1.1. Oil-filled
                    5.1.1.2. Dry
     5.2. Europe Distribution Transformers Market Outlook, by Phase, Volume (Units) and Value (US$ Mn), 2019 - 2030
            5.2.1. Key Highlights
                    5.2.1.1. Single-phase
                    5.2.1.2. Three-phase
     5.3. Europe Distribution Transformers Market Outlook, by Mounting, Volume (Units) and Value (US$ Mn), 2019 - 2030
            5.3.1. Key Highlights
                    5.3.1.1. Pole-mounted
                    5.3.1.2. Pad-mounted
     5.4. Europe Distribution Transformers Market Outlook, by Capacity, Volume (Units) and Value (US$ Mn), 2019 - 2030
            5.4.1. Key Highlights
                    5.4.1.1. Below 500 kVA
                    5.4.1.2. 500 - 2500 kVA
                    5.4.1.3. More than 2500 kVA
     5.5. Europe Distribution Transformers Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2019 - 2030
            5.5.1. Key Highlights
                    5.5.1.1. Germany
                    5.5.1.2. France
                    5.5.1.3. U.K.
                    5.5.1.4. Italy
                    5.5.1.5. Spain
                    5.5.1.6. Russia
                    5.5.1.7. Rest of Europe
            5.5.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Distribution Transformers Market Outlook, 2019 - 2030
     6.1. Asia Pacific Distribution Transformers Market Outlook, by Product Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
            6.1.1. Key Highlights
                    6.1.1.1. Oil-filled
                    6.1.1.2. Dry
     6.2. Asia Pacific Distribution Transformers Market Outlook, by Phase, Volume (Units) and Value (US$ Mn), 2019 - 2030
            6.2.1. Key Highlights
                    6.2.1.1. Single-phase
                    6.2.1.2. Three-phase
     6.3. Asia Pacific Distribution Transformers Market Outlook, by Mounting, Volume (Units) and Value (US$ Mn), 2019 - 2030
            6.3.1. Key Highlights
                    6.3.1.1. Pole-mounted
                    6.3.1.2. Pad-mounted
     6.4. Asia Pacific Distribution Transformers Market Outlook, by Capacity, Volume (Units) and Value (US$ Mn), 2019 - 2030
            6.4.1. Key Highlights
                    6.4.1.1. Below 500 kVA
                    6.4.1.2. 500 - 2500 kVA
                    6.4.1.3. More than 2500 kVA
     6.5. Asia Pacific Distribution Transformers Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2019 - 2030
            6.5.1. Key Highlights
                    6.5.1.1. China
                    6.5.1.2. Japan
                    6.5.1.3. South Korea
                    6.5.1.4. India
                    6.5.1.5. Southeast Asia
                    6.5.1.6. Rest of Asia Pacific
            6.5.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Distribution Transformers Market Outlook, 2019 - 2030
     7.1. Latin America Distribution Transformers Market Outlook, by Product Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
            7.1.1. Key Highlights
                    7.1.1.1. Oil-filled
                    7.1.1.2. Dry
     7.2. Latin America Distribution Transformers Market Outlook, by Phase, Volume (Units) and Value (US$ Mn), 2019 - 2030
            7.2.1. Key Highlights
                    7.2.1.1. Single-phase
                    7.2.1.2. Three-phase
     7.3. Latin America Distribution Transformers Market Outlook, by Mounting, Volume (Units) and Value (US$ Mn), 2019 - 2030
            7.3.1. Key Highlights
                    7.3.1.1. Pole-mounted
                    7.3.1.2. Pad-mounted
     7.4. Latin America Distribution Transformers Market Outlook, by Capacity, Volume (Units) and Value (US$ Mn), 2019 - 2030
            7.4.1. Key Highlights
                    7.4.1.1. Below 500 kVA
                    7.4.1.2. 500 - 2500 kVA
                    7.4.1.3. More than 2500 kVA
     7.5. Latin America Distribution Transformers Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2019 - 2030
            7.5.1. Key Highlights
                    7.5.1.1. Brazil
                    7.5.1.2. Mexico
                    7.5.1.3. Rest of Latin America
            7.5.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Distribution Transformers Market Outlook, 2019 - 2030
     8.1. Middle East & Africa Distribution Transformers Market Outlook, by Product Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
            8.1.1. Key Highlights
                    8.1.1.1. Oil-filled
                    8.1.1.2. Dry
     8.2. Middle East & Africa Distribution Transformers Market Outlook, by Phase, Volume (Units) and Value (US$ Mn), 2019 - 2030
            8.2.1. Key Highlights
                    8.2.1.1. Single-phase
                    8.2.1.2. Three-phase
     8.3. Middle East & Africa Distribution Transformers Market Outlook, by Mounting, Volume (Units) and Value (US$ Mn), 2019 - 2030
            8.3.1. Key Highlights
                    8.3.1.1. Pole-mounted
                    8.3.1.2. Pad-mounted
     8.4. Middle East & Africa Distribution Transformers Market Outlook, by Capacity, Volume (Units) and Value (US$ Mn), 2019 - 2030
            8.4.1. Key Highlights
                    8.4.1.1. Below 500 kVA
                    8.4.1.2. 500 - 2500 kVA
                    8.4.1.3. More than 2500 kVA
     8.5. Middle East & Africa Distribution Transformers Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2019 - 2030
            8.5.1. Key Highlights
                    8.5.1.1. GCC
                    8.5.1.2. South Africa
                    8.5.1.3. Rest of Middle East & Africa
            8.5.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape
     9.1. Company Market Share Analysis, 2022
     9.2. Competitive Dashboard
     9.3. Company Profiles
            9.3.1. ABB Ltd.
                    9.3.1.1. Company Overview
                    9.3.1.2. Product Portfolio
                    9.3.1.3. Financial Overview
                    9.3.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
            9.3.2. Eaton Corporation
            9.3.3. Schneider Electric
            9.3.4. GE
            9.3.5. Siemens AG
            9.3.6. Hitachi Energy
            9.3.7. Mitsubishi Electric
            9.3.8. Toshiba Corporation
            9.3.9. Hyundai Heavy Industries
            9.3.10. TBEA Co., Ltd.
            9.3.11. China XD Electric Co Ltd.
            9.3.12. Jiangsu Huapeng Transformer Co. Ltd.

10. Appendix
     10.1. Research Methodology
     10.2. Report Assumptions
     10.3. Acronyms and Abbreviations

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

View Methodology
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