Pad mounted transformer is a ground mounted electric
power distribution transformer locked in a steel cabinet mounted on a concrete
pad. Growth in demand for energy throughout the globe is driving the growth of
the market. The healthy growth in the economy as well as in the population has
led to the increase in power consumption. Thus, several countries are
increasing and improving their electric grid infrastructure to accomplish this
growing demand. Such developmental activities are likely to provide a vigorous
opportunity for pad mounted transformer market. However, availability of
alternate technology, such as pole mounted transformer, may act as a
restraining factor for the market.
Hence, the global pad mounted transformer market is
estimated to witness a CAGR of 5.14% during the forecast period.
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Competitive
Landscape
Due to the existence of several well established and
small players, the global market for pad mounted transformer appears to be
highly competitive. Well-known players incorporate acquisition, collaboration,
partnership, expansion, and product launch to gain a competitive advantage in
the market and maintain their market position. These key players compete on
pricing and services. Vendors operating in the market strive to deliver the
best quality products and services based on advanced technologies and best
practices. These key players make a substantial investment on R&D and to
secure a guaranteed resource for the customers.
Prominent
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).
Industry
News
Helping to meet the growing integration of solar energy,
GE's Digital Energy business has launched new three-phase, PROLEC-GE Solar
Pad-Mounted Transformer. With this transformers, the energy coming from the
solar inverter and generated by photovoltaic cells in solar farms will be
transformed from low voltage to medium voltage.
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Segmental
Analysis:
The global pad mounted transformer market has been
segmented on the basis of insulation, power rating, phase, and application.
Based on insulation, the global pad mounted
transformer market has been segmented into dry type and liquid immersed.
Based on power rating, the global pad mounted
transformer market has been segmented into less than 1MVA and more than 1MVA.
Based on phase, the global pad mounted transformer
market has been segmented into single phase and three phase.
Based on application, the global pad mounted
transformer market has been segmented into residential, industrial, and
commercial.
Regional
Outlook:
Geographically, the global pad mounted transformer
market has been divided into four major regions such as North America, Europe,
Asia Pacific, and Rest of the World.
Asia Pacific region has accounted for the largest
market share in 2016 mainly due to rapid industrialization and urbanization.
Whereas, Europe is another major market for the pad mounted transformer. It is
expected to expand at a slow pace during the forecast period. In Europe, the
economies of countries in Western Europe are recuperating from their recent slump
and are unlikely to invest in upgrading their power grid networks to smart
grids. This provides a positive impact on the growth of the market. The U.K,
Germany, Spain, and France are the major regions in the Europe pad mounted
transformer market. In South America, Brazil, and Argentina are the major
regions for the pad mounted transformer market. In Argentina, the government is
in the process of commissioning large projects, both in the transmission and
generation sectors. To meet the growing demand, it is estimated that around
1,000 MW of new generation capacity is needed each year. All these major
factors are likely to boost the pad mounted transformer market growth during
the forecast period.
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