Research Nester has released a report titled “California Distribution Transformer Market – Regional Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the California distribution transformer market in terms of market segmentation by insulation type, by mounting, by phase, by installation, by power rating and by end use.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The California distribution transformer market is segmented by insulation type into dry type and liquid immersed type, out of which, the liquid immersed distribution transformer segment held the largest market share of around 72% and a market size of USD 33 million by market value in the year 2018. The segment is anticipated to garner a market size of USD 49 million by market value by the end of 2027 by achieving a CAGR of 4.6% during the forecast period 2020-2027.
The California distribution transformer market is anticipated to record a CAGR of 4.5% by market value during the forecast period. Additionally, the market was valued at USD 46.1 million in the year 2018 and is slated to reach USD 67.0 million in the year 2027 with a growth of 1.45x. Increasing investments by the U.S. for the expansion, replacement and upgradation of the existing T&D infrastructure across states in the nation, for instance, California, Florida, Texas, New York and Washington, coupled with other factors, such as, increasing demand for reliable power delivery systems, regulations and focus of the nation on renewable energy production, all of these factors are anticipated to contribute significantly towards the growth of the California distribution transformer market.
Aging and Inadequate T&D Infrastructure in California
In one of the statistics by the U.S. Department of Energy, as of 2018, around 70% of total transformers in the nation were more than 25 years old and over 60% of the total distribution poles were more than 30-50 years old.
Rising concerns for the reliability of existing electric power delivery system on the back of aging T&D infrastructure in the region, coupled with rising power outages, equipment failures and others which is raising the susceptibility of the aging transformers to bad weather events along with the rising demand for electricity consumption, all of these factors are anticipated to act as a key growth driver for the California distribution transformer market during the forecast period.
However, concerns regarding lack of periodic testing and inspection of power and distribution transformers along with the stringent standards and quality demands associated with the manufacturing of distribution transformers, all of these factors are anticipated to hamper the growth of the California distribution transformer market.
This report also provides the existing competitive scenario of some of the key players of the California distribution transformer market, which includes company profiling of ABB (SWX: ABBN), Mitsubishi Electric Corp. (TYO: 6503), General Electric (NYSE: GE), Hubbell (NYSE: HUBB), and Eaton (NYSE: ETN). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the California distribution transformers market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
