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Croatia, Zagreb: Croatian manufacturer of distribution and special transformers KONČAR – D&ST has signed a contract to acquire a majority stake in the Polish transformer manufacturer Power Engineering Transformatory based in Czerwonak, Poznan.
The main business activity of the Polish company is design, production, marketing and maintenance of medium power transformers up to 63 MVA and a voltage of up to 145 kV, Končar stated in a press release.
Currently, the company manufactures and sells transformers exclusively on the Polish market.
With this acquisition, KONČAR – D&ST will be in the ownership of 74% of the shares and the investment will go towards procurement of new equipment, restructuring and modernization of the facility and human resources.
According to the press release, the company will also invest its know-how to further develop and create a modern and competitive medium power transformers factory in Poland.
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A new report has been made available by Market Research Future, titled “Global Distribution Transformer Market Information by Type (Pole Mounted, Pad Mounted, And Underground), by Phase (Single & Three), by Insulation (Oil- immersed, and Dry), by Power Range (0-315kVA, 316-2499Kva, 2500-10000kVA and above 10000kVA) and by Region – Forecast to 2022”.
The report estimates the global distribution transformer market will grow at CAGR of 6% by 2022, reports Press Release Rocket.
On the basis of insulation, oil-immersed distribution transformer market accounted for the largest share in insulation segment mainly due to advantages such as energy efficiency, lower sound level, and longer operating life.
But the growing focus on safety and environment protection is driving the demand for dry-type transformers.
Asia-Pacific is the largest market for the global distribution transformer market mainly due to rapid expansions in the industrialization, construction and infrastructure activities. It is expected to grow at the fastest pace during the forecast period.
The key market players mentioned in the report are ABB, Siemens, Crompton Greaves, General Electric, Eaton Corporation, Bharat Heavy Electricals, Diamond Power Infrastructure, Bemag Transformer and Bowers Electricals.
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