Technological advances in distribution transformers are the primary trend in the global distribution transformers market growth. The digitization of distribution transformers offers end-users data points that can help in operating transformers to their full capacity and enable to achieve of predictive maintenance for transformers. The digitization of distribution transformers enables optimized grid operation, quicker action, and predictive maintenance. Such advantages drive the growth of the global distribution transformers market during the forecast period.

Rising Requirements for Power from Residential, Industrial, and Commercial Sectors to Drive Market Growth

Rising requirements for power from residential, industrial, and commercial sectors is the key factor driving the growth of the global distribution transformers market. The growth in per capita income has resulted in the extensive use of electrical and electronic equipment in these countries, thereby enhancing the demand for power. the rising demand for power in different end-user sectors is expected to continue to be the major driver for the global distribution transformers market during the forecast period.

Distribution Transformers Market Vendors

Some of the major distribution transformers market vendors are:

Arkansas Electric Cooperative Corp.

Bharat Heavy Electricals Ltd.

Celme Srl

CG Power and Industrial Solutions Ltd.

Eaton Corp. Plc

Fuji Electric Co. Ltd.

General Electric Co.

Hyosung Heavy Industries Corp.

Kirloskar Electric Co. Ltd.

Lemi Trafo JSC

Melrose Industries Plc

Mitsubishi Electric Corp.

ORMAZABAL

Schneider Electric SE

Siemens AG

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Key Takeaways

The volatile raw material prices are the major hindrance for market players

The distribution transformer’s market structure is fragmented in nature.

41 per cent of distribution transformers market growth will develop from APAC.

The market growth by the power utilities will be significant during 2023-2027.