The Worldwide Distribution Transformer Market is Projected to reach USD 40.1 Billion by 2031, at a CAGR of 6.5%

07-Jun-2024 | Report Format: Electronic (PDF)

Distribution Transformer Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Distribution Transformer Market size is expected to reach $40.1billion by 2031, rising at a market growth of 6.5% CAGR during the forecast period.

The Immersed segment is exhibiting a CAGR of 6.1 % during the forecast period. Immersed distribution transformers are known for their high efficiency and reliability, making them a preferred choice for utilities and industrial applications. As energy efficiency standards become more stringent, there is a growing demand for transformers that can minimize energy losses.

Distribution Transformer Market Size - By Region

The Industrial segment is generating the highest revenue in the Global Distribution Transformer Market by End-Use Industry in 2023; thereby, achieving a market value of $18.5 billion by 2031. The ongoing industrial expansion and rapid urbanization in emerging economies drive the demand for electrical power and distribution transformers. Industrial sectors such as manufacturing, automotive, mining, oil and gas, chemicals, and construction require reliable and efficient electrical infrastructure to support their operations.

The Pad Mounted segment is registering a CAGR of 6.1 % during the forecast period. Pad-mounted transformers are well-suited for urban environments where limited space and aesthetics are important. Their compact design and underground installation make them ideal for residential neighborhoods, commercial developments, and urban infrastructure projects.

The 2,501 kVA to 10,000 kVA segment led the Global Distribution Transformer Market by Power Rating in 2023; thereby, achieving a market value of $12.8 billion by 2031. The growing adoption of renewable energy sources like wind and solar power necessitates using distribution transformers to integrate these intermittent energy sources into the grid. For larger renewable energy installations, distribution transformers in the 2501 kVA to 10000 kVA range are often required.

The Three Phase segment is growing at a CAGR of 5.8 % during the forecast period. Three-phase distribution transformers are widely used in commercial and industrial applications, including office buildings, shopping centers, manufacturing facilities, and industrial parks. These sectors require three-phase power for various equipment and machinery, such as HVAC systems, elevators, motors, and production lines.

Full Report: https://www.kbvresearch.com/distribution-transformer-market/

The Asia Pacific region dominated the Global Distribution Transformer Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $15 billion by 2031. The North America region is anticipated to grow  at a CAGR of 5.8% during (2024 - 2031). Additionally, The Europe region would witness  a CAGR of 6.1% during (2024 - 2031).

List of Key Companies Profiled

  • Fuji Electric Co. Ltd.
  • General Electric Company
  • ABB Ltd.
  • Eaton Corporation PLC
  • Toshiba Corporation
  • Schneider Electric SE
  • Siemens AG
  • Mitsubishi Electric Corporation
  • Kirloskar Electric Co. Ltd.
  • Bharat Heavy Electricals Ltd.

Distribution Transformer Market Report Segmentation

By Insulation Type

  • Immersed
  • Dry

By End-Use Industry

  • Industrial
  • Commercial
  • Power Utility
  • Residential

By Product Type

  • Pad Mounted
  • Pole Mounted
  • Underground Vault

By Power Rating

  • 2,501 kVA to 10,000 kVA
  • Upto 500 kVA
  • 501 kVA to 2,500 kVA
  • More than 10,000 kVA

By Phase Type

  • Three Phase
  • Single Phase

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

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