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LVDT Distribution Transformers Drive the Energy Efficiency Trend in the Market
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This study focuses on evaluating the market size and the growth opportunities for North American low-voltage dry-type (LVDT) distribution transformers. It specifically evaluates the prospects for 2 types of single- and three-phase LVDTs, namely, cast resin and vacuum pressure impregnated transformers in the United States and Canada. These types of LVDTs are predominantly installed indoors and have an input voltage of less than or equal to 600V and range in size from 15 to 333kVA for single phase and 15 to 1,000kVA for three-phase equipment. The market is mature with approximately 50 vendors that offer solutions in the low-voltage electrical power network space. As this is a mature market, it is expected to grow at a nominal CAGR of 4.2% between 2017 and 2024. Prominent suppliers include Eaton, Hammond Power Systems, Schneider Electric, ABB, and Siemens. The study evaluates some of the key competitive factors many manufacturers use to highlight their value proposition, including product specification and reliability, price, and shipment time. In terms of growth drivers, there is a strong push to improve energy efficiency, which will dictate future activities in this space. Data centers are among the highest energy-intensive industries, and they account for almost 2% of all the energy consumed in the United States. The study also takes a look at how the 2016 Department of Energy’s (DoE) mandates for higher energy efficiency for transformers will have an impact on the LVDT distribution transformers sold in North America. It also investigates the impact of volatile commodity prices on the manufacturing capacity of various OEMs.Finally, to aggressively expand and grow, Frost & Sullivan examines the opportunities companies have to leverage in terms of strategic mergers and acquisitions and value-added services.
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