DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Distribution Transformer Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022" report to their offering.
The global market of distribution transformer is expected to reach $19.25 million by 2022 growing at 7.02% CAGR during 2016-2022. The distribution market has witnessed significant demand during the last few years due to increasing demand for electricity and increasing renewable generation which leads to high demand for distribution transformers to provide the generated power to the loads. This distribution transformer market is segmented on the basis of phase, power rating, insulating type and mounting type.
The development of technology across the electrical equipment sector is anticipated to be a major factor which contributes towards the Middle East distribution transformer market size. Increasing trend towards the use of thinner material for outer metallic coating may further decrease losses. Beginning of nanotechnology is expected to improve various parameters. For instance, with wireless transmission integration of hydrogen sensors can help monitor device status remotely and take measures correctly and efficiently.
Asia-Pacific is anticipated to dominate the market, due to factors like developing power growing industrial expenditure, T&D infrastructure, and the demand for refurbishing aging distribution transformers. According to the Research Institute of Electric Power, the demand for power in India is likely to be double by 2025.
Companies Mentioned:
- Abb Ltd.
- Crompton Greaves Ltd.
- Eaton Corporation Plc.
- General Electric
- Siemens Ag
- Transformers And Rectifiers India Limited
- Sgb-Smit Group
- Wilson Power Solutions
- Lemi Trafo Jsc
- Hyosung Corporation
-
Brush Electrical
Key Topics Covered:
1. Introduction
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Geographic Analysis
6. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/2dmhsv/global
