Asia Pacific Distribution Transformer Market Forecast 2018-2026
Increasing power infrastructure in Asia-Pacific countries is driving the market for distribution transformers. Over the forecast period of 2018-2026, the Asia-Pacific distribution transformers market is expected to evolve with a CAGR of 8.68%.
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)
Major companies engaged in this market include Transformers and Rectifiers India Limited, Kirloskar Electric Company Limited, General Electric, Siemens Ag, Brush Electrical Machines Ltd, Crompton Greaves Ltd, Hyosung Corporation, Wilson Power Solution, ABB Ltd, Emerson Electric Co and Bowers Electrical Ltd.