California Distribution Transformer Market Segmentation By Insulation Type (Dry and Liquid Immersed); By Mounting (Pad, Pole and Underground Vault); By Phase (Single and Three); By Installation (Indoor and Outdoor); By Power Rating (Up to 500 KVA, 501 KVA-2,500KVA, 2,501KVA-10,000KVA and Above 10,000KVA); and By End Use (Electric Vehicles, Residential, Commercial and Industrial) – Regional Demand Analysis & Opportunity Outlook 2027
Buy Now Report ID: 2175 | Published Date: Feb 15, 20231. Introduction
1.1. Market Definition
1.2. Product Overview
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Research Methodology
4. Executive Summary - California Distribution Transformer Market
5. Market Dynamics
5.1. Drivers
5.2. Constraints
5.3. Trends
6. California Distribution Transformer Market-Risk Analysis
6.1. Demand & Supply Risk Analysis
7. California Distribution Transformer Market Outlook
7.1. Market Size and Forecast, 2018-2027F
7.1.1. By Value (USD Million) & By Volume (Units)
7.2. Market Share and Forecast, By Insulation Type, 2018-2027F
7.2.1. California Distribution Transformers Market Size, By Insulation Type (2018-2027F)
7.2.2. California Distribution Transformers Market Size, By Insulation Type (2018-2027F)
7.3. Market Share and Forecast, By Mounting, 2018-2027F
7.3.1. California Distribution Transformers Market Size, By Mounting (2018-2027F)
7.3.2. California Distribution Transformers Market Size, By Mounting (2018-2027F)
7.4. Market Share and Forecast, By Phase, 2018-2027F
7.4.1. California Distribution Transformers Market Size, By Phase (2018-2027F)
7.4.2. California Distribution Transformers Market Size, By Phase (2018-2027F)
7.5. Market Share and Forecast, By Installation, 2018-2027F
7.5.1. California Distribution Transformers Market Size, By Installation (2018-2027F)
7.5.2. California Distribution Transformers Market Size, By Installation (2018-2027F)
· Indoor, 2018-2027F (Units)
· Outdoor, 2018-2027F (Units)
7.6. Market Share and Forecast, By Power Rating, 2018-2027F
7.6.1. California Distribution Transformers Market Size, By Power Rating (2018-2027F)
7.6.2. California Distribution Transformers Market Size, By Power Rating (2018-2027F)
7.7. Market Share and Forecast, By End-use, 2018-2027F
7.7.1. California Distribution Transformers Market Size, By End-use (2018-2027F)
7.7.2. California Distribution Transformers Market Size, By End-use (2018-2027F)
8. Competitive Landscape
8.1. Company Profiles
8.1.1. ABB
8.1.2. Mitsubishi Electric Corporation
8.1.3. General Electric
8.1.4. Hubbell
8.1.5. Eaton
Growth Indicators
Aging and Inadequate T&D Infrastructure
According to the U.S. Department of Energy, around 70% of total transformers in the nation were more than 25 years old as of 2018. Moreover, over 60% of the total distribution poles were more than 30-50 years old.
Increasing number of aging transformers in U.S. along with concerns for the reliability of existing electric power delivery system which poses threat to the national security are raising the need for replacements of existing T&D infrastructure which is anticipated to drive the growth of the California distribution transformer market. Increasing number of power outages, equipment failures and others on the back of aging infrastructure along with the rising susceptibility of the aging transformers to bad weather events, coupled with growing number of utility investments which will raise the demand for more electricity consumption, all of these factors are expected to drive the California distribution transformer market.
Supportive Regulations and Increasing Renewable Energy Generation
According to California Energy Commission, California is known to have some of the most aggressive renewable energy goals in the U.S. As per its renewable energy portfolio standards (RPS), approximately 33% of the retail electricity sales takes place by renewable sources and is planned to reach a figure of 50% by 2050.
Favorable standards and regulations pertaining to the efficient transmission and distribution of the electricity, coupled with shifting focus towards renewable energy projects, which requires new high voltage transmission lines for the delivery to the grid, along with increasing demand for reliable power delivery systems, all of these factors are anticipated to drive the growth of the California distribution transformer market.
Barriers
Inadequate Inspection and Technical Stress
Lack of periodic testing and inspection pertaining to power and distribution transformers in California, coupled with stringent standards and quality demands concerning the manufacturing of distribution transformers, all of these factors are anticipated to be a major constraining factor for the California distribution transformer market.
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% during the forecast period. The liquid immersed segment held a market size of USD 33 million by market value in the year 2018 and is estimated to achieve a market size of USD 49 million by market value by the end of 2027, achieving a CAGR of 4.6% during the forecast period.
Author Credits: Payel Roy, Dhruv Bhatia
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