Distribution transformer market was valued at $13.9 B in 2017 and is projected to reach $22.86 B by 2025, growing at a CAGR of 7.4% from 2018 to 2025 according to the Reports Intellect report.
Factors that are influencing the market for the distribution transformation is the increasing efficiency that the system provides as well as the growing demand for distribution transformers across several industries. Factors such as the time taken for implementation as well as the cost of the system are restraining the market.
The key players are: Crompton Greaves Ltd., General Electric, Ormazabal, SGB-Smit Group, Lemi Trafo JSC, Celme S.R.L, Emerson Electric Co., Eremu SA, ABB Ltd., Eaton Corporation PLC., Siemens AG, Transformers and Rectifiers India Limited, Wilson Power Solutions, Hyosung Corporation, and Brush Electrical Machines Ltd.
The regions covered in this report are APAC, North America, Europe, South America and Africa and Middle East.
Source: News Exterior