Global Distribution Transformer Market Spurred by Government Backing

San Francisco, California, Sept 06, 2017:Distribution Transformer Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” is the latest report added by TMR Research which speaks about the current competitive market landscape of the distribution transformer market along with its micro and macro-economic directives, mandates, and regulations that monitor the global market. The report also provides extensive information on both quantitative as well as qualitative evaluation of the global distribution transformer market by evaluating the information collected from key market companies and industry professionals.

Over the last few years, power grids have experienced a huge transformation that was driven by the utility industry deregulation in general and a widespread implementation of energy distribution in particular. Consistent advances made in the distribution and power transmission system have led to new distributed energy sources to cater the increasing demand loads. Distribution transformers play an important role in the power transmission to households as they tone down the distribution voltage to the voltage of service level. These distribution transformers are usually placed in the near neighborhood or vicinity and are connected to ten or fewer customers. The consideration of the minimum total owning cost (TOC) is an important factor that impacts the purchasing of the distribution transformers by the electric utilities.

There has been a constant advent of new energy sources, especially renewable sources, and the inflow of fresh demand loads associated to electric vehicles and big data facilities. Governments of both established and emerging economies are heavily investing in both designing and deploying smart grid technology. To enhance the load management and cut down the power outages calls for significant implementation of distributed power generation. Innovations in the distribution transformer systems have been at the frontal end to accomplish this objective. This is projected to significantly boost the global distribution transformer market. Moreover, numerous innovations have been aimed at incorporating automated smart grid technologies to enhance the functionality of all the interconnected devices such as switchgear and busbar. In the recent past, key market players are focusing hard on digitization and automation of the distributor transformers. This is also expected to act as a major driving factor for the growth of the global distributor transformer market.

The global distributor transformers market can be further classified depending on various factors such as voltage class, type of insulation, basic impulse insulation level, number of phases, and mounting location.

Some of the key players in the global market for distribution transformers include names such as Crompton Greaves Ltd., Kirloskar Electric Company Ltd., Siemens AG, Eaton Corp, and General Electric among others.

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