Ethiopia Distribution Transformer Market:
Growth opportunities in the Ethiopia Distribution Transformer Market look promising over the next six years. This is mainly due to the increasing energy demand and the escalating development in the industrial sector.
Ethiopia Distribution Transformer Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The augmenting demand for energy along with the surging power generation capability of the country accounts to be the primary drivers responsible for the growth of the Ethiopia distribution transformer market. Also, the rising focus on implicating green energy will further strengthen the market size. The country’s final energy consumption is nearly 40,000 GWh, out of which domestic devices implement approximately 90 % of the energy and the remaining by transport and other sectors. Moreover, the region is established with renewable energy sources, including solar, geothermal, wind, biomass, and hydro. The country’s state-owned electricity producer, Ethiopia Electric Power, commenced an agreement with the International Finance Corporation (IFC) to launch 500MW of solar power under the IFC’s Scaling Solar Program. In 2019, the country employed its PPP framework to work on the RFQ for two initial projects with an overall capacity of 250MW. Ethiopia’s Ministry of Finance demonstrated that the USD 0.02526- PER-KWh tariff by the ACWA for the two sits is “the lowest in Africa and one of the lowest globally.” Thus, these plans and strategies together will stimulate the market demand.
The accelerating demand to replace the old distributional transformers will propel the market growth. Additionally, the growing electricity demand by expanding infrastructural and industrial development activities will drive the market growth. However, the operational inability resulting in delays and suspensions is hampering the market growth.
The pad-mounted segment is expected to witness a faster CAGR over the forecast period. This is primarily attributed to the growing application of these transformers with the underground electric power distribution lines, mainly to decrease prime voltage on the line to the lower secondary voltage supplied, which is paving the way for market growth.
The three-phase distribution transformer is progressively being opted in due to its capability to offer high effectiveness and more minor losses than the single-phase transformers. Furthermore, the usage of less copper and aluminum to conduct the same amount of electricity compared with single-phase transformers is also promoting the market share.
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