Adroit Market Research Global Distribution Transformer Market Size 2025 | Page 2

Adroit Market Research Global Distribution Transformer Market Size, Status and Forecast 2018-2025 • The global distribution transformer market size has reached a value of USD xxx Billion in 2018, growing at a CAGR of x.x% which is expected to scale up to USD xxx Billion in 2025. • Based on distribution transformer market analysis, the driving factors include Smart grid electrifying market. Organizations like IEEE have taken smart grid initiatives to support the growth of market. Large-scale implementation of smart grid technologies such as load forecasting techniques, AMI infrastructure, SCADA, have favored the market growth. • Oil-filled distribution transformer have contributed to the growth of global distribution transformer market. However, oil- filled distribution transformer requires fire or oil resistance liquids to cool it. Thus, maintenance cost are high and require gases or oil for its operation. • Different countries have different standards for transformers like European standards differ from the Indian one. This difference affects the manufacturers of distribution transformers market. • Geographically, the Asia-Pacific holds the maximum value in distribution transformer market share in 2017. On-addition, it is also the fastest growing region in distribution transformer market during the forecast period. Higher adoption rate of smart grid coupled with high government investment for the grid development in developing regions of Asia Pacific has boosted the market growth. APAC countries like South Korea, Japan, China and India are expected to see largest growth in the upcoming years. Increasing deployment of smart sensors, smart sensors, and other software and hardware networking technologies is likely to impact the market. As a result, this has promoted immense growth in Asia-Pacific. • [phone] [email protected] www.adroitmarketresearch.com