Global Distribution Transformer Market Analysis 2022
The Global Distribution Transformer Market is expected to reach $32.24 billion by 2028 growing at a CAGR of 8.5% from 2021 to 2028. A distribution transformer is defined as a transformer that gives the voltage transformation that is final in an electric power distribution system. The distribution transformer steps down the voltage that is used in the distribution lines to the level used by the customer. Distribution transformers can be used by a wide variety of clients such as process and manufacturing plants, distribution transformer manufacturing companies, power distribution utilities, as well as government-owned businesses.
Factors such as rising demand for electricity and growing demand for replacing/refurbishing aging distribution transformers are driving the growth of the market. However, delay in implementing electrification projects globally and high initial cost is restraining the growth of the market.
Based on mounting, the pad segment is going to have a lucrative growth during the forecast period which can be attributed to its use in an in-depth range of applications in ground distribution loads also as their application for utilization in renewable energy installation. The pads ensure that periodic measurements are always taken from the same location, leading to more accurate and repeatable measurement data.
The key vendors mentioned are ABB, Brush Electrical Machines Ltd., Crompton Greaves Limited, Eaton Corporation PLC, Emerson, Eremu SA, General Electric Company, Hitachi Energy Ltd., Ormazabal, Schneider Electric SE, Siemens AG, Wilson Power Solutions.
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