Primarily augmented by the massive refurbishment of aging electric networks, distribution transformer market has lately been witnessing a slew of innovative tech advancements. The exponential demand for transformers has been observed to be directly proportional to the requirement for uninterrupted power supply across the globe. As modern methodologies such as smart monitoring and control distribution units (CDUs) observes an exponential rise, so does the demand for transformers, which would eventually help propel distribution transformers industry share. Another noticeable factor witnessed across distribution transformer market is the exceptionally fierce competitive landscape.
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As the requirement for highly efficient and unique transformers is on the rise, companies have been striving to come up with a range of innovative products to score an edge over their competitors. In consequence, this is expected to create a profitable growth path for distribution transformer market in the years ahead.
A vital instance testifying the authenticity of the aforementioned statement is Larson’s all-new transformer. Recently, Larson Electronics LLC, a global leader in industrial lighting and equipment, has unveiled a single-phase explosion proof buck and boost step-up transformer that provides excellent efficiency, protection against equipment failure, increased reliability, and an isolated power source. Equipped with highly reliable characteristics, this NEMA 4X rated unit is expected to be ideal for flammable worksites and other hazardous applications, and as per experts, would have a massive influence on the product landscape of distribution transformer industry, which crossed a valuation of USD 18 billion in 2016.
Key Highlights of this report:
Historical data coverage: 2013 to 2016
Growth Projections: 2017 to 2024.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7-year performance forecasts: major segments covering applications, top products and geographies.
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Distribution Transformer Industry Insights
Chapter 4. Distribution Transformer Market, By Core
Chapter 5. Distribution Transformer Market, By Winding
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Chapter 6. Distribution Transformer Market, By Installation
Chapter 7. Distribution Transformer Market, By Cooling
Chapter 8. Distribution Transformer Market, By Insulation
Chapter 9. Distribution Transformer Market, By Phase
Chapter 10. Distribution Transformer Market, By Rating
Chapter 11. Distribution Transformer Market, By Mounting
Chapter 12. Distribution Transformer Market, By Application
Chapter 13. Distribution Transformer Market, By Region
Chapter 14. Company Profiles
In 2017, the U.S. regulators provisioned USD 100 million to sustain the increasing electricity demand across its rail networks.
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Middle East & Africa distribution transformer market is set to witness comprehensive growth subject to the ongoing adoption of distributed generation units along with the rapid expansion of off-grid electricity networks. Indulgence of major financial institutions including the Asian Development Bank, World Bank and the African Development Bank to cater the lagging power sector across the region will substantially boost the product demand. In 2017, ADB provisioned over USD 12 billion to across the African electricity sector. The investment aims at sustaining the rising electricity demand across the region consequently with establishing an effective grid infrastructure.
Eminent participants in the distribution transformer market include Toshiba Corp., GE, Kirloskar, ABB, Schneider Electric, SPX Transformer, EATON, Ormazabal, Siemens, Crompton Greaves, Ruhstrat, Mitsubishi Electric, Hyosung, Daihen, Hyundai Electric, Celme, and BHEL.