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Distribution Transformers: A Global Strategic Business Report

Global distribution transformers market expected to increase to US$20Bn by 2018


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2014-03-21 18:59:03 - Distribution Transformers: A Global Strategic Business Report - a new market research report on companiesandmarkets.com

Increasing demand for energy is forecast to drive growth in the global distribution transformers market. The global market for Distribution Transformers is forecast to exceed US$20 billion by 2018, buoyed by increasing per capita consumption of energy, especially in emerging countries.Major players operating in the distribution transformers market include Asea Brown Boveri (ABB), Crompton Greaves Ltd., DAIHEN Corporation, Emerson Industrial Automation, Eaton Corporation, EFACEC Group, General Electric Company, Hammond Power Solutions, Inc., Howard Industries, IMP Power Limited, Kirloskar Electric Company Limited, Powertech Transformers (Pty) Ltd., Schneider Electric SA, Siemens AG, Shihlin Electric & Engineering Corporation and Tebian Electric Apparatus Stock Co. Ltd., among others.Distribution transformers are used in the final phase of power transmission in order to supply electricity at

 

 

voltages required by end consumers. The most common application of distribution transformers is in the utility sector. Rapid rise in population and the corresponding increase in demand for electricity is the major factor driving demand for distribution transformers. Highly influenced by energy-efficiency norms, the market in response is witnessing effervescent product innovations to curb energy losses, a major concern associated with power generation and transmission. Innovations in recent times include the launch of transformers with amorphous metal distribution transformers and hexaformers. The market is also witnessing a shift towards Dry Type Distribution Transformers from Oil Filled Distribution Transformers.As stated by the new market research report on Distribution Transformers, Asia-Pacific represents the largest as well as the fastest growing market worldwide, led by growing population and spiraling energy demand. The market is also expected to witness gains from the increasing shift towards clean energy in the Middle East to harness the abundance of solar energy. With mounting concerns over carbon emissions and the need to improve energy-efficiency, leading manufacturers are seeking materials which are energy-efficient for use in transformer components.Utilities are facing new challenges such as generation of power from alternate sources and the emergence of electric cars. Electric cars place increased burden on the grid and also tend to disrupt peak and off-peak load patterns, resulting in the need to redesign the grid, thus indirectly generating demand for distribution transformers. Also, distributed generation of power from alternative sources poses a problem to the grid in terms of peaks and off-peak loads. The grid needs to be reconfigured for peak supply and subsequent low or no supply from distributed sources. Moreover, utilities also need to take into account the reverse flow of power into the grid from the distributed generation sources.With transmission and distribution accounting for significant share of energy losses, many governments around the world have been focusing on bringing down losses in transmission and distribution of electricity. Efficiency standards for distribution transformers however tend to differ across regional markets. Each of the major markets, such as the US, China, the European Union, India, and Japan, for instance, have their own efficiency standards depending on domestic requirements. Energy efficiency regulations are mostly driven by cost-to-benefit ratio in individual markets which are in turn governed by respective domestic market conditions, and technological capabilities.Global market for distribution transformers is dominated by Oil Filled Distribution Transformers. Driven by their low flammability and application in hazardous locations, Dry Type Distribution Transformers are projected to offer the highest growth potential. However, oil filled distribution transformers are projected to retain their dominance in the foreseeable future, primarily owing to cost efficiency benefits. In terms of application, the utility sector accounts for the bulk of demand. On the other hand, non-utility applications are projected to offer the highest growth potential.

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