Global
Pad Mounted Transformer Market Analysis
The global pad mounted transformer
market is estimated to witness a CAGR of 5.14% during the forecast period.
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 various 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.
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Asia Pacific region dominates the global pad mounted
transformer market
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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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.
Leading
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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