Distribution Transformer Market By Core (Closed, Shell, Berry), By Winding (Two Winding, Auto Transformer), By Installation (Outdoor, Indoor), By Cooling (Dry Type {Self Air, Air Blast}, Oil Immersed {Self Cooled, Water Cooled, Forced Oil}), By Insulation (Gas, Oil, Solid, Air), By Phase (Single, Three), By Mounting (Pad, Pole), By Application (Residential & Commercial, Utility, Industrial) and Region Global Forecast 2020 to 2030

The backbone of modern civilization is an effective, economically feasible, and eco-friendly electricity infrastructure. Smart grid ideas, growing demand for electric and autonomous vehicles, transfer of battery storage, accelerated energy transformation from traditional to green have undergone noticeable developments in the power sector in recent years. The ever-growing demand for electricity is due to reasons such as industrialization and urbanisation, while technical appliances are rising.

Both interconnections such as substations, circuits, switches, switchgear, and distribution transformers compose the power distribution network. In smart grid deployment projects, delivery transformers are highly important. As these nations lack adequate power supply networks, the widening gap between demand and supply generates strong demand for distribution transformers from developing nations such as South Korea, India and China.

Development is driven by changes in current power systems in developed countries, extension of existing transition and delivery sector programs, economic productivity smart grid projects, and development in the renewable sector. Calibration of proper machinery on the market is the main restraint. In Asia Pacific, the total electricity produced in the year 2016 was around 10,904.7 TWh, according to BP's report in 2017, while the overall consumption was just around 9,331 TWh. The factors help to provide a high demand for the distribution transformer in the global industry over the forecast period.

The segmentation of global distribution transformer market is based on power rating, mounting type, and insulating kind. Based on the power rating, the distribution transformer market is further divided into power ratings which ranges in 500 kVA, 2,501 kVA–10,000 kVA and 501 kV–2,500 kVA. Ranging in 2,501 kVA–10,000 kVA distribution transformer is widely used in industrial and marketable divisions, owing to high energy consumption as compared to housing energy consumption. The >2.5 MVA distribution transformer demand will be affected by positive government prospects to electrify the remote off-grid areas by installing micro grid networks. In addition, the commodity rollout over the projected timeframe will be complemented by growing expenditures to redevelop the infrastructure of different war-impacted nations. The 2.6 MVA to 10 MVA distribution transformer market is expected to experience significant penetration of more than 29 percent by the year 2028.

Moreover, based on insulation kind, the market share is apprehended with fluid immersed type transformer. Based on mounting type, the segmentation is extended into Pole-mounted, Underground vault and Pad-mounted. Pad mounted, based on type, projected more growth in the forecast period as it was mainly used in the distribution of electricity. Improvements in process for the control systems, technological developments and rapid development in urbanization and industrialization, are driving the demand for the products in the industry.

Geographically, the Asia-Pacific holds the maximum value in distribution transformer market share in 2019. On-addition, it is also the fastest growing region in distribution transformer market during the forecast period. Higher adoption rate of smart grid coupled with high government investment for the grid development in developing regions of Asia Pacific has boosted the market growth. APAC countries like South Korea, Japan, China and India are expected to see largest growth in the upcoming years. Increasing deployment of smart sensors, smart sensors, and other software and hardware networking technologies is likely to impact the market. As a result, this has promoted immense growth in Asia-Pacific.

The United Arab Emirates has planned to invest in renewable power, so as to discourage the dependency on subsidized natural gas power in stages. With the higher integration of renewable projects in the field of electricity generation, along with growing infrastructural development, higher population, thus favoring the global distribution transformer market in the country.

Different sectors of the UAE including the Northern Emirates of Sharjah, Umm al-Qaiwain, Fujairah, Abu Dhabi and Dubai, Ajman and Ras Al Khaimah have witnessed growing infrastructure to help tourist and residential development has encouraged increased electricity consumption and peak load demand. This has pressurized to ensure efficiency in distribution and transmission network by having efficient distribution transformers.

Major key players operating the global distribution transformer market are Aston Transformers A.S., BHEL (Bharat Heavy Electricals Ltd), Siemens AG, Daihen Corporation, ASEA Brown Boveri, Bemag Transformers, Bowers Electricals, Crompton Greaves, and Diamond Power Infrastructure Ltd. The distribution transformer market consists of top, medium level and a number of domestic players in the global market. In addition to this, the well-established players in the industry have made various strategies and research & developments to compete with other players in the regional and global market.