USA, California: Global Industry Analysts Inc. published a research titled 'Distribution Transformers: A Global Strategic Business Report' which provides market review, trends, drivers, mergers, acquisitions and other strategic industry activities.
The recent power demand for equipment for generation, transmission and distribution of electricity is expected to escalate according to the report, creating opportunities for distribution transformers, reports Digital Journal.
The report also mentions innovations such as transformers with amorphous metal and hexaformers. The market is also witnessing a shift towards dry type distribution transformers from oil filled distribution transformers.
Asia-Pacific represents the largest as well as the fastest growing market worldwide with a CAGR of 6.9% over the analysis period. Dry type distribution transformers are projected to offer the highest growth potential. However, oil filled distribution transformers are expected to retain their dominance, primarily due to cost efficiency benefits.
Major players covered in the report include ABB, Crompton Greaves Ltd., DAIHEN Corporation, Emerson Industrial Automation, Appleton Group, Eaton Corporation, EFACEC Group, General Electric Company, Hammond Power Solutions Inc., among others.
Source: Digital Journal