Pad Mounted Segment to Lead Australia Distribution Transformers Market till 2024
Replacement of ageing transformers with
energy-efficient transformers coupled with rising focus of government to
increase power generation through renewable energy to drive Australia
distribution transformers market through 2024
According to TechSci Research report,
“Australia
Distribution Transformers Market By Insulation Type, By Phase, By Power
Rating, By Mounting, Competition, Forecast & Opportunities, 2014–2024’’, Distribution transformers market in Australia is forecast to reach $6 90 million by 2024, on account of rising focus of the governments towards environment sustainability.
Governments are announcing various regulations and initiatives for the same. Additionally,
the country is installing renewable energy at a faster pace and is also
providing incentive policies for their adoption. Furthermore, replacement of ageing
transformers with energy efficient transformers would positively influence Australia
distribution transformers market during forecast period.
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Pad
mounted distribution transformer segment accounted for the largest share in
Australia distribution
transformers market in 2018 and is likely to maintain its dominance during
forecast period as well, on account of increasing industrialization and
investments in the country. Australia is one of the major demand generating
countries owing to rising renewable energy installations, increasing investments
in transmission & distribution sector and upgradation of age-old transmission
& distribution infrastructure in these countries. Some of the major
players in Australia distribution
transformers market are ABB Ltd., Siemens AG., Tyree
Industries, ETEL Transformers, Wilson transformers, General Electric, CG Power
and Industrial Solutions Limited, Schneider Electric SE, Eaton Corporation plc,
Legrand SA, Mitsubishi Heavy Industries, Ltd., among others.
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“Growing installations
in renewable energy along with establishment of various new energy networks are
fueling growing in Australia distribution
transformers market. Moreover, increasing per capita electricity consumption coupled with growing demand for
uninterrupted power is further expected to propel demand for distribution
transformers across Australia over the next five years.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global management
consulting firm.
“Australia Distribution Transformers Market By Insulation
Type, By Phase, By Power Rating, By Mounting, Competition, Forecast &
Opportunities, 2014–2024’’ has evaluated the future growth potential of Australia
distribution transformers market and provides statistics and information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyses the emerging trends
along with essential drivers, challenges and opportunities in Australia distribution
transformers market.
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