A new report has been made available by Market Research Future, titled “Global Distribution Transformer Market Information by Type (Pole Mounted, Pad Mounted, And Underground), by Phase (Single & Three), by Insulation (Oil- immersed, and Dry), by Power Range (0-315kVA, 316-2499Kva, 2500-10000kVA and above 10000kVA) and by Region – Forecast to 2022”.
The report estimates the global distribution transformer market will grow at CAGR of 6% by 2022, reports Press Release Rocket.
On the basis of insulation, oil-immersed distribution transformer market accounted for the largest share in insulation segment mainly due to advantages such as energy efficiency, lower sound level, and longer operating life.
But the growing focus on safety and environment protection is driving the demand for dry-type transformers.
Asia-Pacific is the largest market for the global distribution transformer market mainly due to rapid expansions in the industrialization, construction and infrastructure activities. It is expected to grow at the fastest pace during the forecast period.
The key market players mentioned in the report are ABB, Siemens, Crompton Greaves, General Electric, Eaton Corporation, Bharat Heavy Electricals, Diamond Power Infrastructure, Bemag Transformer and Bowers Electricals.
Source: Press Release Rocket