NEW YORK, May 4, 2023 /PRNewswire/ -- The distribution transformers market is estimated to grow by USD 5,087.9 million from 2022 to 2027. The market is estimated to grow at a CAGR of 4.98% during the forecast period. APAC is estimated to account for 41% of the global market growth during the forecast period. The demand in the region for distribution transformers can be attributed to the growing need for power, which leads to power generation and transmission, and distribution projects. Furthermore, many countries in the region have started expanding their power distribution networks to meet rising demand. A major chunk of these projects targets residential projects, which will directly contribute to the demand for distribution transformers in the region, which will increase the market growth during the forecast period. Hence, such factors drive regional growth during the forecast period. For Comprehensive details on the market size of the historic period(2017 to 2021) and forecast period (2023-2027) - View Sample report

Distribution Transformers Market - Vendor Landscape
The distribution transformers market is fragmented; the vendors are competing with competitors and are trying to get greater market share. The market is growing, and chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning, technological advances, and the price of the products -The report provides a full list of key vendors, their strategies, and the latest developments. Buy Now

Company Profiles

The distribution transformers market report includes information on the product launches, sustainability, and prospects of leading vendors including Arkansas Electric Cooperative Corp., Bharat Heavy Electricals Ltd., Celme Srl, CG Power and Industrial Solutions Ltd., Eaton Corp. Plc, EL Sewedy Electric Co., Fuji Electric Co. Ltd., General Electric Co., Hitachi Energy Ltd., Hyosung Heavy Industries Corp., Kirloskar Electric Co. Ltd., Lemi Trafo JSC, Melrose Industries Plc, Mitsubishi Electric Corp., ORMAZABAL, Schneider Electric SE, Siemens AG, Toshiba Corp., Wilson Transformer Co. Pty Ltd., and Voltamp Transformers Ltd.

Distribution Transformers Market - Market Dynamics

Major Drivers & Challenges- 

Rising requirements for power from residential, industrial, and commercial sectors is one of the key factors driving the growth of the global distribution transformers market. The rapid industrial growth in emerging economies such as China, India, Indonesia, and Malaysia, among others, spikes the demand for power from the industrial and commercial sectors, where, the distribution transformers are likely to find high adoption. The growth in per capita income results in the extensive use of electrical and electronic equipment in these countries, thereby enhancing the demand for power. Hence, such factors drive the market growth for distribution transformers during the forecast period.

Volatile raw material prices is a major challenge hindering the growth of the global distribution transformers market. The raw materials for distribution transformers include extrusions, castings, powder metal, metal sheets and strips, forging billets, bar stock, and plastic pellets, the prices of which, vary significantly, given different macroeconomic factors as well as geopolitical reasons. Since these raw materials, particularly steel, copper, and aluminum, are used in nearly all industries, any demand fluctuation in other industries also causes price changes, which varies with the requirement of different grades of raw materials. Hence, such factors challenge the growth of the market during the forecast period.

Key Trends-

Technological advances in distribution transformers are an emerging trend in the global distribution transformers market growth. A changing power network landscape with new energy sources for power generation and new loads in terms of distribution requires a high level of flexibility and efficiency, which has given rise to the digitization of power network assets. As distribution transformers are key parts of a power network, they witness digitization with the help of advanced sensors, monitoring platforms, and software tools. The data points that can help in operating transformers to their full capacity and enable to achieve of predictive maintenance for transformers are offered to the end-users by the digitization of distribution transformers.

Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. - View Sample Report

Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, among others.

Distribution Transformers Market - Market Segmentation

This report extensively covers market segmentation by end-user (power utilities and industrial and commercial), type (oil-filled and dry type), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

• The market share growth by the power utilities segment will be significant for the market's growth during the forecast period. The power utilities segment comprises distribution transformers used by power utilities to supply electricity to residential, commercial, and industrial end-users. Additionally, demand for distribution transformers in countries such as the Middle East, Africa, Asia, and South America, which do not yet have adequate transmission and distribution infrastructure, and also it is driven by new electrification projects being implemented by governments to supply electricity. Hence, the demand for new distribution transformers will remain high in these regions during the forecast period. 

To know more about the impact of segments on market growth, download a sample report!

Gain instant access to 17,000+ market research reports. 
Technavio's SUBSCRIPTION platform

Related Reports:

The current transformer market size is expected to increase by USD 219.65 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.75%. Furthermore, this report extensively covers the current transformer market segmentation by application (switchgear and power transformers) and geography (APAC, North America, Europe, the Middle East and Africa, and South America). The enhanced accuracy of current transformers at extremely low voltage levels is notably driving the current transformer market growth.

The medium voltage transformer market size is expected to surge to USD 3.76 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.92%. Furthermore, this medium voltage transformer market research report extensively covers market segmentation by product (dry medium voltage transformers, oil-immersed medium voltage transformers, and VPI medium voltage transformers) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The growing investments in electric power systems is notably driving the medium voltage transformer market growth.

Browse for Technavio's Industrials Market Reports

Table of Contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global distribution transformers market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global distribution transformers market 2017 - 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Power utilities - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Power utilities - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Power utilities - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Power utilities - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Power utilities - Year-over-year growth 2022-2027 (%)

• 6.4 Industrial and commercial - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Industrial and commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Industrial and commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Industrial and commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Industrial and commercial - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by End-user 
• Exhibit 42: Market opportunity by End-user ($ million)
• Exhibit 43: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 44: Chart on Type - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 46: Chart on Comparison by Type
• Exhibit 47: Data Table on Comparison by Type

• 7.3 Oil-filled - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Oil-filled - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Oil-filled - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Oil-filled - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Oil-filled - Year-over-year growth 2022-2027 (%)

• 7.4 Dry type - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Dry type - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Dry type - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Dry type - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Dry type - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 56: Market opportunity by Type ($ million)
• Exhibit 57: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 83: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 India - Market size and forecast 2022-2027 
• Exhibit 91: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Bharat Heavy Electricals Ltd. 
• Exhibit 111: Bharat Heavy Electricals Ltd. - Overview
• Exhibit 112: Bharat Heavy Electricals Ltd. - Business segments
• Exhibit 113: Bharat Heavy Electricals Ltd. - Key offerings
• Exhibit 114: Bharat Heavy Electricals Ltd. - Segment focus

• 12.4 CG Power and Industrial Solutions Ltd. 
• Exhibit 115: CG Power and Industrial Solutions Ltd. - Overview
• Exhibit 116: CG Power and Industrial Solutions Ltd. - Business segments
• Exhibit 117: CG Power and Industrial Solutions Ltd. - Key offerings
• Exhibit 118: CG Power and Industrial Solutions Ltd. - Segment focus

• 12.5 Eaton Corp. Plc
• Exhibit 119: Eaton Corp. Plc - Overview
• Exhibit 120: Eaton Corp. Plc - Business segments
• Exhibit 121: Eaton Corp. Plc - Key news
• Exhibit 122: Eaton Corp. Plc - Key offerings
• Exhibit 123: Eaton Corp. Plc - Segment focus

• 12.6 EL Sewedy Electric Co. 
• Exhibit 124: EL Sewedy Electric Co. - Overview
• Exhibit 125: EL Sewedy Electric Co. - Product / Service
• Exhibit 126: EL Sewedy Electric Co. - Key offerings

• 12.7 Fuji Electric Co. Ltd. 
• Exhibit 127: Fuji Electric Co. Ltd. - Overview
• Exhibit 128: Fuji Electric Co. Ltd. - Business segments
• Exhibit 129: Fuji Electric Co. Ltd. - Key offerings
• Exhibit 130: Fuji Electric Co. Ltd. - Segment focus

• 12.8 General Electric Co.
• Exhibit 131: General Electric Co. - Overview
• Exhibit 132: General Electric Co. - Business segments
• Exhibit 133: General Electric Co. - Key news
• Exhibit 134: General Electric Co. - Key offerings
• Exhibit 135: General Electric Co. - Segment focus

• 12.9 Hitachi Energy Ltd.
• Exhibit 136: Hitachi Energy Ltd. - Overview
• Exhibit 137: Hitachi Energy Ltd. - Product / Service
• Exhibit 138: Hitachi Energy Ltd. - Key offerings

• 12.10 Kirloskar Electric Co. Ltd. 
• Exhibit 139: Kirloskar Electric Co. Ltd. - Overview
• Exhibit 140: Kirloskar Electric Co. Ltd. - Business segments
• Exhibit 141: Kirloskar Electric Co. Ltd. - Key offerings
• Exhibit 142: Kirloskar Electric Co. Ltd. - Segment focus

• 12.11 Lemi Trafo JSC
• Exhibit 143: Lemi Trafo JSC - Overview
• Exhibit 144: Lemi Trafo JSC - Product / Service
• Exhibit 145: Lemi Trafo JSC - Key offerings

• 12.12 Melrose Industries Plc 
• Exhibit 146: Melrose Industries Plc - Overview
• Exhibit 147: Melrose Industries Plc - Business segments
• Exhibit 148: Melrose Industries Plc - Key offerings
• Exhibit 149: Melrose Industries Plc - Segment focus

• 12.13 Mitsubishi Electric Corp. 
• Exhibit 150: Mitsubishi Electric Corp. - Overview
• Exhibit 151: Mitsubishi Electric Corp. - Business segments
• Exhibit 152: Mitsubishi Electric Corp. - Key news
• Exhibit 153: Mitsubishi Electric Corp. - Key offerings
• Exhibit 154: Mitsubishi Electric Corp. - Segment focus

• 12.14 Schneider Electric SE 
• Exhibit 155: Schneider Electric SE - Overview
• Exhibit 156: Schneider Electric SE - Business segments
• Exhibit 157: Schneider Electric SE - Key news
• Exhibit 158: Schneider Electric SE - Key offerings
• Exhibit 159: Schneider Electric SE - Segment focus

• 12.15 Siemens AG
• Exhibit 160: Siemens AG - Overview
• Exhibit 161: Siemens AG - Business segments
• Exhibit 162: Siemens AG - Key news
• Exhibit 163: Siemens AG - Key offerings
• Exhibit 164: Siemens AG - Segment focus

• 12.16 Toshiba Corp.
• Exhibit 165: Toshiba Corp. - Overview
• Exhibit 166: Toshiba Corp. - Business segments
• Exhibit 167: Toshiba Corp. - Key offerings
• Exhibit 168: Toshiba Corp. - Segment focus

• 12.17 Wilson Transformer Co. Pty Ltd. 
• Exhibit 169: Wilson Transformer Co. Pty Ltd. - Overview
• Exhibit 170: Wilson Transformer Co. Pty Ltd. - Product / Service
• Exhibit 171: Wilson Transformer Co. Pty Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 172: Inclusions checklist
• Exhibit 173: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 174: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 175: Research methodology
• Exhibit 176: Validation techniques employed for market sizing
• Exhibit 177: Information sources

• 13.5 List of abbreviations 
• Exhibit 178: List of abbreviations 

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/distribution-transformers-market-size-to-grow-by-the-usd-5-087-9-million-from-2022-to-2027--apac-to-account-for-41-of-the-market-growth---technavio-301814958.html

SOURCE Technavio