Asia Pacific Distribution Transformer Market Forecast 2017-2025
KEY FINDINGS Asia-Pacific distribution transformers market is growing at a CAGR of 8.79% during the forecast period of 207-2025. The revenue generated by the market is expected to experience a hike from $5599 million in 2016 and reach $11828 million by the end of 2025.
MARKET INSIGHTS The Asian countries are conducting pilot tests and have started rolling out smart energy sensors which coupled with the increasing deployment of smart sensors, smart meters, and other networking hardware and software technologies in the region is likely to propel the market growth. The market is segmented on the type of mounting (pad, pole, and underground vault), type of insulation (oil filled, dry) and by phase (single and three)
COMPETITIVE INSIGHTS Some of the major companies in the market include BHEL (Bharat Heavy Electricals Ltd), Crompton Greaves Ltd, General Electric, Hitachi Ltd, Hyosung Corporation, Kirloskar Electric Company Limited, Schneider Electric, Siemens, etc