San Jose, California (PRWEB) November 25, 2013
Follow us on LinkedIn – Distribution transformers are used in the final phase of power transmission in order to supply electricity at voltages required by end consumers. The most common application of distribution transformers is in the utility sector. Rapid rise in population and the corresponding increase in demand for electricity is the major factor driving demand for distribution transformers. Highly influenced by energy-efficiency norms, the market in response is witnessing effervescent product innovations to curb energy losses, a major concern associated with power generation and transmission. Innovations in recent times include the launch of transformers with amorphous metal distribution transformers and hexaformers. The market is also witnessing a shift towards Dry Type Distribution Transformers from Oil Filled Distribution Transformers.
As stated by the new market research report on Distribution Transformers, Asia-Pacific represents the largest as well as the fastest growing market worldwide, led by growing population and spiraling energy demand. The market is also expected to witness gains from the increasing shift towards clean energy in the Middle East to harness the abundance of solar energy. With mounting concerns over carbon emissions and the need to improve energy-efficiency, leading manufacturers are seeking materials which are energy-efficient for use in transformer components.
Utilities are facing new challenges such as generation of power from alternate sources and the emergence of electric cars. Electric cars place increased burden on the grid and also tend to disrupt peak and off-peak load patterns, resulting in the need to redesign the grid, thus indirectly generating demand for distribution transformers. Also, distributed generation of power from alternative sources poses a problem to the grid in terms of peaks and off-peak loads. The grid needs to be reconfigured for peak supply and subsequent low or no supply from distributed sources. Moreover, utilities also need to take into account the reverse flow of power into the grid from the distributed generation sources.
With transmission and distribution accounting for significant share of energy losses, many governments around the world have been focusing on bringing down losses in transmission and distribution of electricity. Efficiency standards for distribution transformers however tend to differ across regional markets. Each of the major markets, such as the US, China, the European Union, India, and Japan, for instance, have their own efficiency standards depending on domestic requirements. Energy efficiency regulations are mostly driven by cost-to-benefit ratio in individual markets which are in turn governed by respective domestic market conditions, and technological capabilities.
Global market for distribution transformers is dominated by Oil Filled Distribution Transformers. Driven by their low flammability and application in hazardous locations, Dry Type Distribution Transformers are projected to offer the highest growth potential. However, oil filled distribution transformers are projected to retain their dominance in the foreseeable future, primarily owing to cost efficiency benefits. In terms of application, the utility sector accounts for the bulk of demand. On the other hand, non-utility applications are projected to offer the highest growth potential.
Major players covered in the report include Asea Brown Boveri (ABB), Crompton Greaves Ltd., DAIHEN Corporation, Emerson Industrial Automation, Eaton Corporation, EFACEC Group, General Electric Company, Hammond Power Solutions, Inc., Howard Industries, IMP Power Limited, Kirloskar Electric Company Limited, Powertech Transformers (Pty) Ltd., Schneider Electric SA, Siemens AG, Shihlin Electric & Engineering Corporation and Tebian Electric Apparatus Stock Co. Ltd., among others.
The research report titled "Distribution Transformers: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. The global and regional markets for distribution transformers are analyzed in US$ million by distribution class (Oil Filled Distribution Transformers and Dry Type Distribution Transformers) as well as end-use applications (Utility and Non-Utility).
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Distribution_Transformers_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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