Increasing demand predicted for distribution transformers
The new market research report on Distribution Transformers recentaly stated that Asia-Pacific represents the largest and the fastest growing market worldwide. The market is also going to be influenced by the Middle East ‘clean energy’ and concerns over improving energy efficiency whilst considering carbon emissions. Energy-efficient materials are already being used in transformer components by the leading manufacturers.
According to the report, electric cars place increased burden on the power grid so the grid will need to be redesigned and automatically increase demand for distribution transformers.
Peak and off-peak loads could also present a problem in the grid if the power is distributed from alternative sources as the grid needs to be reconfigured for fluctuating power supply from the sources.
Many governments have been trying to bring down transmission and distribution losses by imposing efficiency standards for distribution transformers but they differ across regional markets because each major market is regulating their own standards. 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.
Oil-filled distribution transformers dominate global market despite the low flammability and application in hazardous locations of dry-type distribution transformers. Oil-filled distribution transformers are expected to dominate the market in the foreseeable future due to cost efficiency benefits.
The report covers large companies such as 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., etc.
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 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.
Source: Digital Journal