Distribution Transformer Market Size, Share, Growth Analysis, By Type(Oil, Water), By Mounting(Pole, pad), By Region - Industry Forecast 2024-2031

Major players in the distribution transformer market are expanding their footprint through a variety of strategic alliances and mergers with suppliers of raw materials or services. To increase safety and reliability and provide themselves a competitive edge over rivals, prominent players are also engaged in R&D operations to integrate smart technologies with distribution transformers. For instance, In September 2021, Egypt signed a USD 254 million financing deal to expand the power distribution network. This financing deal was signed between the Egyptian Electricity Transmission Company (EETC) with several Egyptian banks that would allow it to add to and expand the country's transformer stations. This distribution network expansion project is likely to include the installation of distribution transformers, which will boost the distribution transformer market’s growth.

Distribution Transformer Market Top Player's Company Profiles

• ABB Ltd. 
• Siemens AG
• Mitsubishi Electric Corporation 
• General Electric Company
• Eaton Corporation plc
• Schneider Electric SE
• Crompton Greaves Limited
• Hitachi, Ltd.
• Hyosung Corporation
• Toshiba Corporation
• Bharat Heavy Electricals Limited
• Fuji Electric Co., Ltd.
• SGB-SMIT Group
• SPX Transformer Solutions, Inc.
• Virginia Transformer Corp.
• Wilson Transformer Company Pty Ltd.
• CG Power and Industrial Solutions Limited
• Hammond Power Solutions Inc.
• Brush Electrical Machines Ltd.
• Starkstrom-Gerätebau GmbH.

Distribution Transformer Market Recent Development

• In March 2022, Adani Transmission Limited (ATL) is building a transmission line and substation from Kharghar to Vikhroli that will increase power supply by 1,000 MW and be completed by the end of 2023.
• In March 2022, WHA Industrial Zone, Nghe An Electricity Company, and Northern Power Construction The newly-built 110kV Substation in WHA Industrial Zone 1 was successfully launched by Nghe An Joint Stock Company
• In March 2021, Siemens Energy received a contract to install 22 units of distribution transformers at China's first commercial 66 kV offshore wind farm, Yuhuan Offshore Wind Power Project Phase 1, located in Taizhou, Zhejiang Province.