Increasing Demand for Power by Manufacturing and Industrial Sectors to Drive Global Distribution Transformers Market

Published Date : Dec 13, 2016

ALBANY, NY, Dec 13, 2016: The report, titled “Distribution Transformers Market, Update 2016 - Market Size, Competitive Landscape, Key Country Analysis And Forecasts To 2020” presents a detailed overview on the growth prospects of the global distribution transformers market and comprises a snapshot by presenting the key technological developments presently taking place or are predicted to happen in the market over the forecast period. Additionally, the prime opportunities seen in the market and the prevalent trends have also been highlighted. The top segments and sub-segments in the market have also been presented by throwing light on their growth prospects by the end of the forecast period.

The first section of the report presents the introduction of the distribution transformers market. This section also throws light on the value, volume, drivers, and restraints impacting the development of this market. The market is fuelled by the increasing demand for power and the growing requirement to modernize and expand power distributions networks and systems. In addition, the growing development of next generation energy efficient transformers and technology innovations are also positively impacting the market for distribution transformers.

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In addition, the rising renewable energy generation will also bode well for the growth of the market. Furthermore, a number of measures being taken to raise the production of renewable energy for reducing fossil fuel’s dependence have raised the requirement for making investments in high-voltage power lines to transport huge amount of renewable power across long distances. This will also support the demand for distribution transformers, particularly application-specific transformers such as transformers for wind connection and collection and wind transformers for wind turbine generators. Factors such as increasing demand for power by manufacturing and industrial sectors, swift industrialization, and increasing smart city initiatives will also bolster the demand for distribution transformers.

In the next section of the report, the segmentation of the market has been presented. In terms of region, the report segments the market into Americas, Asia-Pacific, the Middle East and Africa, and Europe. In terms of country, the report categorizes the market into the US, Brazil, China, Canada, India, Australia, Japan, Republic of Korea, the UK, Saudi Arabia, and Germany. The growth of the distribution transformers market has been studied in all these regions and nations. The market value and volume by voltage level in all these areas have been presented between 2010 and 2020. The regulatory scenario in these regions and its impact on the growth of the market have also been incorporated in this report. In the next part of the report, the competitive landscape section has been covered, throwing light on the key players prevalent in 2015 and their prime contributions into the market.

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