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.

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.

Browse market data Tables and Figures spread through 112 Pages and an in-depth TOC on “ Australia Distribution Transformers Market “

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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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