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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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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