A pad mounted transformer is a ground
mounted electric power distribution transformer, locked in a steel cabinet
mounted on a concrete pad. These transformers normally have features such as
tamper-resistant construction, tamper proof bolts and screws, and lockable
compartments with hinged doors. These transformers serve schools, hospitals,
shopping centers, and many institutional and industrial applications. Growing
investment in renewable sector is rigorously driving the global pad mounted
transformer market. To lessen the dependence on conventional fossil fuels,
several countries are focusing on renewable energy generation. Furthermore, the
market is also driven by enhancements in process control, broad application of
information technology to machinery, and technological
advancements in
machinery.
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Segments
The global pad mounted transformer market
has been divided into four segments, such as power rating, phase type,
insulation, and application.
On the basis of power rating, the market
has been segmented into less than 1mVA
and more than 1mVA. The less than 1 MVA dominated the power rating
segment of the market in 2016 and is expected to remain same during the
forecast period due to the growth in demand from the residential and commercial
sectors.
On the basis of phase, the market has been
segmented into single phase pad mounted transformer and three phase pad mounted
transformer. Three-phase pad mounted transformer dominate the phase segment of
the market in 2016 and is continuing to dominate the market during the forecast
period.
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Key
Players
The prominent players in the pad mounted
transformer market include Schneider Electric (France), ABB Ltd. (Switzerland),
Siemens AG (Germany), Eaton Co. Plc. (Ireland), General Electric (U.S.),
Crompton Graves Ltd. (India), Olsun Electrics (U.S.), Pacific Crest
Transformers (U.S.), Pearl Electric Co. Ltd. (China), ERMCO (U.S.), Federal
Pacific (U.S.), Hitachi Ltd. (Japan), Vantran Industries Inc. (U.S.), Sunbelt
Transformer, Ltd (U.S.), and Wenzhou Rockwell Transformers Co. (China).
Regional
Outlook
Geographically, the global pad mounted
transformer market has been segmented into four major regions, namely North
America, Europe, Asia Pacific, and Rest of the World. The Asia Pacific region
accounted for the largest market share in 2016 and is expected to register the
highest CAGR over the forecast period. The rising demand for the modernization
of the existing distribution network to serve the growing demand for
electricity is driving the growth of the pad mounted transformer market during the
forecast period. Increasing population and improvement in lifestyle are
increasing the consumption of energy. This has a positive impact on the growth
of the market. China, Japan, India, and Singapore are the major regions in the
Asia Pacific pad mounted transformer market.
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