Distribution transformer market is anticipated to grow at a CAGR of 10.7% during the forecast period (2024-2031). Governments deploy distribution transformer systems to enhance service delivery, public safety, and infrastructure development. Businesses, governments, and private residents are among several end users of distribution transformers. The increasing utilization of the distribution transformer in end-user industries such as manufacturing, retail, and healthcare, to increase productivity, minimize expenses, and advance execution resulting in the expansion of the distribution transformer market.
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Additionally, rising development of industry and urbanization, government initiatives and energy policies, growing investments in smart grid infrastructure, and rapid electrification and infrastructure enhancement in developing countries. According to the American Public Power Association, in October 2022, between 2020 and 2022, the average lead time for public utility responders to buy distribution transformers for all voltage classes increased by 429.0%, from about two to three months in 2021 to more than 12 months in 2022. Some utilities reported lead times longer than three years.
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Recent Developments
- In April 2024, Hitachi Industrial Equipment Systems Co., Ltd. and Mitsubishi Electric Corp. declared their agreement to merge their companies and transfer to Hitachi Industrial Equipment Systems the distribution transformer business of Mitsubishi Electric’s Nagoya Works, that designs and produces factory automation (FA) equipment. Hitachi Industrial Equipment Systems increased eco-friendly and highly energy-efficient transformers in its product portfolio and the enhancing production of grid-edge products focused on power distribution systems, mainly in the domestic market.
- In April 2022, Siemens Energy introduced a dry-type transformer that is pole-mounted. The CAREPOLE is an advanced single-phase dry-type transformer. The technological requirements of the American grid offer a reliable and environmentally benign alternative to oil-filled transformers.
Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered-
o By Type
o By Capacity
o By Phase
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- ABB Ltd., GE Vernova Group, Hitachi Energy Ltd., Schneider Electric SE, and Siemens AG. among others.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Distribution Transformer Market Report Segment
By Type
- Oil-Filled
- Dry Type
By Capacity
- Below 500 kVA
- 500 kVA – 2500 kVA
- Above 2500 kVA
By Phase
- Single-Phase
- Three-Phase
By End-User
- Commercial
- Industrial
- Utilities
- Renewable Energy
- Residential
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
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