According to the research report titled ‘GLOBAL Distribution Transformers Market 2019-2027’, available with Market Study Report, global distribution transformers market is speculated to grow at an annual rate of 7.57% between 2019-2027.
 

Large scale utilization of renewable sources of energy, focus towards deploying green energy solutions, and widespread adoption of smart grid technology are boosting global distribution transformers market growth.
 

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While technological developments, digital transformation of utilities and remanufacturing of conventional transformers will expand the global distribution transformers market, factors including operational incompetency delays are likely to inhibit the proliferation of industry over the analysis timeframe.
 

The report analyses the market at a granular level by fragmenting it based on region, application scope and product gamut. Moreover, it provides market share and growth rate predictions in the analysis timeframe.
 

Based on insulation type, worldwide distribution transformers industry is bifurcated into dry type and oil- filled. Speaking of mounting, the market sphere is divided into pole-mounted, underground vault and pad-mounted. Moving on to phase, the industry is segregated into single-phase and triple-phase.
 

Regionally speaking, Asia Pacific held majority of the global distribution transformers industry share in 2018 owing to high usage of smart meters, smart sensors and other networking software and hardware.
 

Key players influencing global distribution transformers market dynamics are Brush Electrical Machines Ltd, Siemens AG, Hitachi Ltd., Eaton Corporation plc, Emerson Electric Co., Velatia S.L., ABB Ltd., Hyosung Corporation, Bowers Electricals Ltd., SELME S.r.l., Schneider Electric SE, CG Power and Industrial Solutions Limited, Areva S.A., Lemi Trafo JSC, General Electric Company, Wilson Power Solutions Ltd., Hammond Power Solutions Inc., Kirloskar Electric Company Ltd. and Starkstrom-Gerätebau GmbH.