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GLOBAL DISTRIBUTION TRANSFORMER MARKET FORECAST 2020-2028

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GLOBAL DISTRIBUTION TRANSFORMER MARKET FORECAST 2020-2028

The global distribution transformer market is anticipated to grow at a CAGR of 7.88% between 2020 and 2028, and is anticipated to generate revenue of $32.58 billion by 2028. The service transformers or distribution transformers (DTs) deliver the final voltage alteration in the electric power distribution arrangement. DTs are used to step down the voltage used in the distribution lines (usually up to 36 kV), to the level used by the customer (usually 250 up to 435 V).

GLOBAL DISTRIBUTION TRANSFORMER MARKET FORECAST 2020-2028

Global Distribution Transformer Market by Insulation Type (Oil Filled, Dry Type) by Mounting Type (Pad Mounted, Pole Mounted, Underground Vault) by Phase (Single Phase, Three Phases) and by Geography.

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The global distribution transformer market is anticipated to grow at a CAGR of 7.88% between 2020 and 2028, and is anticipated to generate revenue of $32.58 billion by 2028. The service transformers or distribution transformers (DTs) deliver the final voltage alteration in the electric power distribution arrangement. DTs are used to step down the voltage used in the distribution lines (usually up to 36 kV), to the level used by the customer (usually 250 up to 435 V).

The global distribution transformer market is fueled by the following factors:

  • Smart grid electrifying the market
  • Increasing focus on green energy
  • Advancement in the transformer industry
  • Rebuilding and modernization of aging power infrastructure

Global Distribution Transformer Market

The important drivers increasing growth in the global distribution transformer market are the smart grid electrifying the market and advancement in the transformer industry. In 2009, the European Commission approved the third package for energy, which required 80% of homes in the 27 associate countries to have smart meters by 2020. There have been numerous initiatives in terms of the digital revolution in the distribution transformer market. The smart grid is the most recent growth in the electricity market.

In 2019, the pad-mounted category accounted for the largest market share of 51.48% in the mounting type segment, while pole-mounted is anticipated to be the fastest-growing category, recording around 8.56%. Pad-mounted distribution transformers have self-protected fuses with backup high energy to protect against transformer overload and secondary faults. Pole mounted transformers are reasonably small in size and can be mounted easily on electricity poles.

Stress causing failures and operational inefficiencies, leading to delays and suspensions, are the major factors hindering the global distribution transformer market growth. A distribution transformer has a number of distinct parts that work simultaneously with each other. All the distinct parts of the distribution transformer have varied faults, which cause different failures. Manufacturing defects such as the low factor of safety and failure of any single unit may cause the failure of the whole transformer. This may result in the failure or delay in delivery, which can cause suspension of the order.

The report on the global distribution transformer market includes segmentation analysis of insulation type, mounting type, and phase.

Insulation type is segmented into:

  • Oil-filled
  • Dry-type

Mounting type is segmented into:

  • Pad-Mounted
  • Pole Mounted
  • Underground vault

Phase is segmented into:

  • Three Phase
  • Single Phase

Geographically, the global distribution transformer market has been segmented on the basis of four major regions, which includes:

  • Europe: the United Kingdom, Germany, France, Italy, Russia, Belgium, Poland, and the Rest of Europe
  • North America: the United States and Canada
  • Asia Pacific: China, India, Japan, South Korea, Thailand, Indonesia, Vietnam, Australia & New Zealand, and the Rest of Asia Pacific
  • Rest of World: Latin America, the Middle East & Africa

In 2019, Asia Pacific captured the largest market share of approx. 44% in terms of revenue. Increasing smart grid initiatives is one of the major driving factors for the Asia Pacific distribution transformers market due to the increasing electricity demand and technology up-gradation in smart grid systems in this region. Furthermore, the distribution transformer market in the Asia Pacific is predicted to grow at a fast pace during the forecast period. Advanced metering infrastructure (AMI) is gaining popularity in the Philippines and Singapore market for their home energy management systems. Japan and South Korea are estimated to remain an attractive market for smart grid investments.

The well-known market players of the global distribution transformer market are:

  • ABB Ltd
  • Eaton Corporation PLC
  • General Electric
  • Brush Electrical Machines Ltd
  • Kirloskar Electric Company Ltd
  • Others

Key strategies adopted by some of the distribution transformer companies are:

In February 2020, Abunayyan Holding and Eaton announced the development of a joint venture to service and produce medium and low-voltage switchgear in the Middle East. The product portfolio includes AC generator, diesel generator sets, AC generators, DC motors, electronics such as DC and AC battery, charger, drivers and uninterruptible power supply system, switchgear including circuit breakers and panels, and unitized package substation.

Key findings of the global distribution transformer market are:

  • Rising demand for electricity has led to the strengthening of electric transmission and distribution network.
  • Growth in renewables-based power generation is increasing the need for replacement of the T&D network.
  • The digital transformation of utilities would help the maintenance staff to monitor staff in a better and efficient way.
  • The collaboration of new technologies is bringing technological advancement in the distribution transformer.
  • The growing adoption of the smart grid is benefiting the market.
  • The growing renewable sector is pushing grid stability to its limit.
  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • MARKET DEFINITION
    •    KEY DRIVERS
      • SMART GRID ELECTRIFYING THE MARKET
      • INCREASING FOCUS ON GREEN ENERGY
      • ADVANCEMENT IN TRANSFORMER INDUSTRY
      • REBUILDING AND MODERNIZATION OF AGING POWER INFRASTRUCTURE
    •    KEY RESTRAINTS
      • STANDARDIZATION OF EQUIPMENT
      • STRESS CAUSING FAILURES
      • OPERATIONAL INEFFICIENCIES LEADING TO DELAYS AND SUSPENSIONS
      • VOLATILE PRICES OF RAW MATERIALS
  1. KEY ANALYTICS
    •    PORTER’S FIVE FORCE ANALYSIS
      • THREAT OF NEW ENTRANTS
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • THREAT OF SUBSTITUTE PRODUCTS
      • COMPETITIVE RIVALRY BETWEEN EXISTING PLAYERS
    •    KEY BUYING CRITERIA
      • APPLICATION
      • EFFICIENCY
      • RELIABILITY
      • SUPERIOR TECHNOLOGY
    • VALUE CHAIN ANALYSIS
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • KEY INVESTMENT INSIGHTS
  2. MARKET BY INSULATION TYPE
    • OIL FILLED
    • DRY TYPE
  3. MARKET BY MOUNTING TYPE
    • PAD MOUNTED
    • POLE MOUNTED
    • UNDERGROUND VAULT
  4. MARKET BY PHASE
    • SINGLE PHASE
    • THREE PHASES
  5. GEOGRAPHICAL ANALYSIS
    •    NORTH AMERICA
      • THE UNITED STATES
      • CANADA
    •    EUROPE
      • THE UNITED KINGDOM
      • FRANCE
      • GERMANY
      • ITALY
      • RUSSIA
      • BELGIUM
      • POLAND
      • REST OF EUROPE
    •    ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • AUSTRALIA & NEW ZEALAND
      • SOUTH KOREA
      • THAILAND
      • INDONESIA
      • VIETNAM
      • REST OF ASIA PACIFIC
    •    REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPANY PROFILES
    • ABB LTD
    • CG POWER AND INDUSTRIAL SOLUTIONS LIMITED (CROMPTON GREAVES LTD.)
    • EATON CORPORATION PLC
    • GENERAL ELECTRIC
    • SIEMENS AG
    • SCHNEIDER ELECTRIC
    • SGB-SMIT GROUP (STARKSTROM GERATEBAU GMBH)
    • WILSON POWER SOLUTIONS
    • LEMI TRAFO JSC
    • HYOSUNG CORPORATION
    • BRUSH ELECTRICAL MACHINES LTD
    • HAMMOND POWER SOLUTIONS INC
    • KIRLOSKAR ELECTRIC COMPANY LTD
    • EMERSON ELECTRIC CORPORATION
    • BOWERS ELECTRICAL LTD
    • CELME SRL
    • AREVA SA
    • HITACHI LTD
    • ORMAZABAL VELATIA

LIST OF TABLES  

TABLE 1: MARKET SNAPSHOT – DISTRIBUTION TRANSFORMER

TABLE 2: CAUSES OF FAILURES IN DISTRIBUTION TRANSFORMER

TABLE 3: GLOBAL DISTRIBUTION TRANSFORMER MARKET, BY INSULATION TYPE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 4: GLOBAL DISTRIBUTION TRANSFORMER MARKET, BY INSULATION TYPE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 5: GLOBAL OIL FILLED MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 6: GLOBAL OIL FILLED MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 7: GLOBAL DRY TYPE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 8: GLOBAL DRY TYPE MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 9: GLOBAL DISTRIBUTION TRANSFORMER MARKET, BY MOUNTING TYPE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 10: GLOBAL DISTRIBUTION TRANSFORMER MARKET, BY MOUNTING TYPE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 11: GLOBAL PAD MOUNTED MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 12: GLOBAL PAD MOUNTED MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 13: GLOBAL POLE MOUNTED MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 14: GLOBAL POLE MOUNTED MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 15: GLOBAL UNDERGROUND VAULT MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 16: GLOBAL UNDERGROUND VAULT MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 17: GLOBAL DISTRIBUTION TRANSFORMER MARKET, BY PHASE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 18: GLOBAL DISTRIBUTION TRANSFORMER MARKET, BY PHASE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 19: GLOBAL SINGLE-PHASE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 20: GLOBAL SINGLE-PHASE MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 21: GLOBAL THREE PHASE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 22: GLOBAL THREE PHASE MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 23: GLOBAL DISTRIBUTION TRANSFORMER MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 24: GLOBAL DISTRIBUTION TRANSFORMER MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 25: NORTH AMERICA DISTRIBUTION TRANSFORMER MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 26: NORTH AMERICA DISTRIBUTION TRANSFORMER MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 27: EUROPE DISTRIBUTION TRANSFORMER MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 28: EUROPE DISTRIBUTION TRANSFORMER, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 29: ASIA PACIFIC DISTRIBUTION TRANSFORMER MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 30: ASIA PACIFIC DISTRIBUTION TRANSFORMER MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 31: REST OF WORLD DISTRIBUTION TRANSFORMER MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 32: REST OF WORLD DISTRIBUTION TRANSFORMER MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

LIST OF FIGURES 

FIGURE 1: REASONS FOR FAILURE IN DISTRIBUTION TRANSFORMERS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: KEY INVESTMENT INSIGHTS

FIGURE 6: GLOBAL DISTRIBUTION TRANSFORMER MARKET, BY INSULATION TYPE, IN 2019

FIGURE 7: GLOBAL DISTRIBUTION TRANSFORMER MARKET, BY OIL FILLED, 2020-2028 (IN $ MILLION)

FIGURE 8: GLOBAL DISTRIBUTION TRANSFORMER MARKET, BY DRY TYPE, 2020-2028 (IN $ MILLION)

FIGURE 9: GLOBAL DISTRIBUTION TRANSFORMER MARKET, BY MOUNTING TYPE, IN 2019

FIGURE 10: GLOBAL DISTRIBUTION TRANSFORMER MARKET, BY PAD MOUNTED, 2020-2028 (IN $ MILLION)

FIGURE 11: GLOBAL DISTRIBUTION TRANSFORMER MARKET, BY POLE MOUNTED, 2020-2028 (IN $ MILLION)

FIGURE 12: GLOBAL DISTRIBUTION TRANSFORMER MARKET, BY UNDERGROUND VAULT, 2020-2028 (IN $ MILLION)

FIGURE 13: GLOBAL DISTRIBUTION TRANSFORMER MARKET, BY PHASE, IN 2019

FIGURE 14: GLOBAL DISTRIBUTION TRANSFORMER MARKET, BY SINGLE PHASE, 2020-2028 (IN $ MILLION)

FIGURE 15: GLOBAL DISTRIBUTION TRANSFORMER MARKET, BY THREE PHASES, 2020-2028 (IN $ MILLION)

FIGURE 16: NORTH AMERICA DISTRIBUTION TRANSFORMER MARKET, COUNTRY OUTLOOK, 2019 & 2028 (IN %)

FIGURE 17: THE UNITED STATES DISTRIBUTION TRANSFORMER MARKET, 2020-2028 (IN $ MILLION)

FIGURE 18: CANADA DISTRIBUTION TRANSFORMER MARKET, 2020-2028 (IN $ MILLION)

FIGURE 19: EUROPE DISTRIBUTION TRANSFORMER MARKET, COUNTRY OUTLOOK, 2019 & 2028 (IN %)

FIGURE 20: THE UNITED KINGDOM DISTRIBUTION TRANSFORMER MARKET, 2020-2028 (IN $ MILLION)

FIGURE 21: FRANCE DISTRIBUTION TRANSFORMER MARKET, 2020-2028 (IN $ MILLION)

FIGURE 22: GERMANY DISTRIBUTION TRANSFORMER MARKET, 2020-2028 (IN $ MILLION)

FIGURE 23: ITALY DISTRIBUTION TRANSFORMER MARKET, 2020-2028 (IN $ MILLION)

FIGURE 24: RUSSIA DISTRIBUTION TRANSFORMER MARKET, 2020-2028 (IN $ MILLION)

FIGURE 25: BELGIUM DISTRIBUTION TRANSFORMER MARKET, 2020-2028 (IN $ MILLION)

FIGURE 26: POLAND DISTRIBUTION TRANSFORMER MARKET, 2020-2028 (IN $ MILLION)

FIGURE 27: REST OF EUROPE DISTRIBUTION TRANSFORMER MARKET, 2020-2028 (IN $ MILLION)

FIGURE 28: ASIA PACIFIC DISTRIBUTION TRANSFORMER MARKET, COUNTRY OUTLOOK, 2019 & 2028 (IN %)

FIGURE 29: CHINA DISTRIBUTION TRANSFORMER MARKET, 2020-2028 (IN $ MILLION)

FIGURE 30: JAPAN DISTRIBUTION TRANSFORMER MARKET, 2020-2028 (IN $ MILLION)

FIGURE 31: THE FUTURE OF JAPANESE ENERGY MARKET IN 2030

FIGURE 32: INDIA DISTRIBUTION TRANSFORMER MARKET, 2020-2028 (IN $ MILLION)

FIGURE 33: AUSTRALIA & NEW ZEALAND DISTRIBUTION TRANSFORMER MARKET, 2020-2028 (IN $ MILLION)

FIGURE 34: SOUTH KOREA DISTRIBUTION TRANSFORMER MARKET, 2020-2028 (IN $ MILLION)

FIGURE 35: THAILAND DISTRIBUTION TRANSFORMER MARKET, 2020-2028 (IN $ MILLION)

FIGURE 36: INDONESIA DISTRIBUTION TRANSFORMER MARKET, 2020-2028 (IN $ MILLION)

FIGURE 37: VIETNAM DISTRIBUTION TRANSFORMER MARKET, 2020-2028 (IN $ MILLION)

FIGURE 38: REST OF ASIA PACIFIC DISTRIBUTION TRANSFORMER MARKET, 2020-2028 (IN $ MILLION)

FIGURE 39: REST OF WORLD DISTRIBUTION TRANSFORMER MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 40: LATIN AMERICA DISTRIBUTION TRANSFORMER MARKET, 2020-2028 (IN $ MILLION)

FIGURE 41: MIDDLE EAST & AFRICA DISTRIBUTION TRANSFORMER MARKET, 2020-2028 (IN $ MILLION)

  1. MARKET BY INSULATION TYPE
    • OIL FILLED
    • DRY TYPE
  2. MARKET BY MOUNTING TYPE
    • PAD MOUNTED
    • POLE MOUNTED
    • UNDERGROUND VAULT
  3. MARKET BY PHASE
    • SINGLE PHASE
    • THREE PHASES
  4. GEOGRAPHICAL ANALYSIS
    •    NORTH AMERICA
      • THE UNITED STATES
      • CANADA
    •    EUROPE
      • THE UNITED KINGDOM
      • FRANCE
      • GERMANY
      • ITALY
      • RUSSIA
      • BELGIUM
      • POLAND
      • REST OF EUROPE
    •    ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • AUSTRALIA & NEW ZEALAND
      • SOUTH KOREA
      • THAILAND
      • INDONESIA
      • VIETNAM
      • REST OF ASIA PACIFIC
    •    REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

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