Australia Distribution Transformers Market to grow at a CAGR of 5.02 % Until 2026
Increasing government investments to
expand the portfolio of renewable energy resources are likely to boost up Australia
distribution transformers market through 2026.
According to TechSci Research report, “Australia Distribution Transformers
Market By Insulation Type (Dry and
Oil-Filled), By Power Rating (Up to 650 kVA, 651-2500kVA and Above 2500kVA), By
Mounting (Pad-Mounted, Pole-Mounted and Underground Vault), By Phase (Single
Phase and 3 Phase), By Region, Competition, Forecast & Opportunities, 2016-2026’’,
the Australia distribution transformers market is projected to cross USD620 million
by 2026 at a CAGR of 5.02%. The consumption of electricity is rising due to the increase in
industrialization and urbanization that is increasing the demand for more power
supply which is directly driving the Australia distribution transformers market.
Distributed transformers help to enhance the productivity and safety of power
systems over long distances by increasing or decreasing voltage levels whenever
required to prevent the damage of electric appliances by the fluctuated voltage
supply from AC (Alternating Current). The development of high-rise commercial,
industrial and residential buildings, growing infrastructural development and construction activities are expected to
propel the Australia distribution transformers market. Moreover, the enhanced
design and innovations, improved voltage supply and better efficiency is likely
to positively influence the Australia distribution transformers market in the coming years.
Australia
distribution transformers market can be segmented based on insulation type,
power rating, mounting, phase and region. In terms of insulation type, the
market can be bifurcated into dry type and oil-filled type distribution
transformer. Oil-filled
type distribution transformer segment had a market share of 71% in 2020 due to high
standard energy efficiency. The transformers are used in power plants, utility
substations and industrial plant substations. The oil-filled transformers have a
long lifespan and create less noise pollution which are the main factors for the
growth of the transformer market. Also, the low maintenance cost of
dry type distribution transformers and their environmental friendliness and
safety makes it safe for the environment and can be used in the areas where
fire safety is a greater concern.
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Australia Distribution Transformers Market "
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On
the basis of power rating, the market is segmented into Upto 650 kVA, 651-2500
kVA, Above 2500 kVA. The 650 kVA power rated transformers had 42.12% market
share in 2020. On the basis of mounting, the market is segmented into
pad-mounted, pole-mounted and underground vault. The pad-mounted transformer had
a market share of 52.5% in 2020. The market is dominated by pad mounted
transformers because of their compact size and easy mounting at electric poles.
Moreover, the pad-mounted distribution transformer has self-protected fuses and
large energy backup that prevents the transformer from overloading and
secondary faults. A wider range of applications in ground distribution loads
and installation in renewable energy systems of pad mounted transformers is
increasing its sales and thus driving the Australia distribution transformers
market.
In Australia distribution
transformers market, the Australian Capital Territory & New South Wales was
the largest contributor with 30.86% value share in 2020 followed by Victoria
& Tasmania and Queensland. Due to larger population and a number of
residential areas, the electricity consumption is more which is increasing the
demand for distribution transformers in the densely populated areas.
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Tyree Industries Pty. Ltd., Wilson
Transformer Company Pty Ltd., ABB Ltd, General Electric Company, Mitsubishi
Heavy Industries Ltd., Siemens AG, Schneider Electric SE, ETEL Transformers Pty
Ltd., CG Power and Industrial Solutions Limited, Eaton Corporation plc, Legrand
SA are among the leading players operating in the Australia distribution
transformers market. Companies operating in the market are using organic
strategies, partnerships, mergers, and collaborations to boost their share in the
Australia distribution transformers market. Significant players in the business
are concentrating on accomplishing ideal operational expenses, upgrading the
item quality, boosting production output, and merging with small players to
support the competitive market. Besides, high funding in R&D for enhancing
the efficiency of distribution transformers is a factor considered by the
players to remain in the competition.
“Government focus to shift to clean
energy by increasing the number of renewable energy related projects is
creating an opportunity for the distribution transformer market. Moreover, innovation
and advancements to provide higher efficiency and optimize voltage control
during transmission of energy are driving the market. The country’s major focus
on smart grid investments to improve the reliability of grid network and
operations of utility firms are expected to play a major role in the growth of
distribution transformers market.”, said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Australia
Distribution Transformers Market By Insulation Type (Dry and Oil-Filled), By
Power Rating (Up to 650 kVA, 651-2500kVA and Above 2500kVA) By Mounting
(Pad-Mounted, Pole-Mounted and Underground Vault), By Phase (Single Phase and 3
Phase), By Region, Competition, Forecast & Opportunities, 2016-2026” 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 analyzes
the emerging trends along with essential drivers, challenges and opportunities
in the Australia distribution transformers
market.
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