NORTH AMERICA DISTRIBUTION TRANSFORMER MARKET FORECAST 2017-2025

LONDON, Nov. 13, 2017 /PRNewswire/ -- KEY FINDING
The North American distribution transformers market was valued at $3153 million in 2016. It is expected to grow at a CAGR of 5.83% during the forecast period of 2017-2025 and reach $5195 million by the end of 2025. The fact that renewable energy is expected to gain a traction in the region coupled with the continuous digital transformation of utilities is presenting the market with plenty of growth opportunities.



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MARKET INSIGHTS
The primary drivers for the market growth include smart grid electrifying market, advances in transformer industry, growing focus on green energy and modernization of aging power infrastructure. Although the prospects look promising, the market ay have to face certain challenges concerning standardization of equipment and stress causing failures that might restrain the market growth. At present, the market is being segmented on the basis of phase (single or three phase), on the basis of insulation (dry or oil-filled) and on the basis of the mount (pole, pad, underground vault, etc.).

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