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

Distribution Transformer Market size was valued at USD 24.5 billion in 2022 and is poised to grow from USD 26.53 billion in 2023 to USD 52 billion by 2031, growing at a CAGR of 8.3% in the forecast period (2024-2031).

A distribution transformer, also known as a service transformer, steps down the voltage utilized in the distribution of electricity as the last voltage transition in the system. The term transformer refers to a piece of equipment that converts electrical energy from one alternating-current circuit to one or more other circuits by either raising (stepping up) or lowering (stepping down) the voltage. To run low-voltage devices like doorbells and toy electric trains as well as to raise the voltage from electric generators so that electric power may be delivered over great distances, transformers are used for a broad variety of functions. The final voltage transformation in the electric power distribution system is provided by a distribution transformer or service transformer, which steps down the voltage in the distribution lines to the level utilized by the customer.

Typically, distribution transformers don't work at full load; instead, they operate most effectively at lower loads. Additionally, to increase efficiency, voltage regulation is minimized in these transformers. As a result, distribution transformers are made with a low leakage reactance. Distribution transformers are typically used to describe transformers with capacities under 500 kVA. 380V/220V distribution transformers are utilized for home uses, while distribution transformers with voltage distribution less than 33 kV are employed in the industry. Depending on the total number of consumers in an area, different distribution transformers can serve different numbers of customers.