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Leading Companies in the Distribution Transformer Market are Focusing on Contracts & Agreements, Mergers & Acquisitions, New Product Launches
Rapidly growing demand for power globally and various upcoming power and distribution grid upgrade projects worldwide are expected to drive the demand for the distribution transformer market during the forecast period of 2016–2021. Investment in T&D and developments in reliable power network are the main reasons for the growing demand for distribution transformers. Reliable power supply and efficient networks can be developed by installing new distribution transformers as well as refurbishing/replacing the aging transformers. The distribution transformer market is projected to reach a size of USD 17.61 Billion by 2021, from an estimated USD 12.81 Billion in 2016, at a CAGR of 6.57% during the forecast period.
Leading companies in the distribution transformer market are focusing on contracts & agreements, mergers & acquisitions, new product launches, and expansions to broaden their product portfolio. Contracts & agreements and expansions were the most widely adopted growth strategies in the market from 2012 till August 2016. Industry players that adopted these strategies include ABB Ltd. (Switzerland), BRUSH Electrical Machines Ltd. (U.K.), and Lemi Trafo JSC (Bulgaria) among others.
ABB Ltd. is a power and automation technology company offering products, services, and systems, globally. It operates in five segments, namely, power products, power systems, low-voltage products, discrete automation and motion, and process automation. It offers distribution transformers under its power products segment. Through its integrated product portfolio, the company serves power distribution sector, industrial facilities, and commercial buildings. In March 2015, the company completed the construction of its manufacturing site for its low-voltage products division in the U.S. focusing on distribution system. This depicts ABB Ltd.’s proficiency in tapping the growing power infrastructure in the country.
Crompton Greaves Ltd. (CG) is a major player in the management and application of electrical energy. It operates its business through four units: power systems, industrial systems, consumer products, and others. Its products, services, and solutions range from high-voltage equipment and industrial equipment to solutions for consumer products and home appliances. Distribution transformers are a part of the power systems business segment. The company has facilities that manufacture distribution transformers in Canada, India, the U.S., Belgium, Hungary, and Indonesia. The distribution transformer plant in Belgium is considered to be the key manufacturing facility for SLIM transformers that are used for onshore as well as offshore wind-farm projects. In 2014, the company recently signed a USD 25 million contract with the Ministry of Iraq to supply 16 mobile substations containing 31.5 MVA transformers. This contract is in line with successful transformer contracts made by the company in the previous years to the Middle East region enhancing the reputation of Crompton Greaves Ltd. as one of the leading manufactures of distribution transformers.
Distribution Transformer Market by Mounting (Pole, Pad, and Underground), Insulation (Dry and Oil Filled), Phase (Single and Three), Power (Up to 0.5 MVA, 0.5 MVA–2.5 MVA, 2.5 MVA–10 MVA, Above 10 MVA), and Region - Global Forecast to 2021
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