Global
Pad Mounted Transformer Market: Synopsis
The detailed report published by Market
Research Future (MRFR) projects that the
global Pad
Mounted Transformer Market Size is marked to exhibit
moderate expansion at a CAGR of 5.14% during the forecast period of 2017-2023. Rapid
modernization of existing distribution network in order to attain the increasing demand for electricity as a result
of high energy consumption by rapidly growing population in the developing countries, increased production
of transformers due to the availability of cheap raw materials and increased
government investment for optimizing the process of electricity supply are
majorly propelling the growth of the global pad mounted transformers market
during the assessment period.
Global
Pad Mounted Transformer Market: 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. The
less than 1MVA segment commanded for the major share of the global pad mounted
transformer market in the year 2016 and
anticipated to retain its dominance over the global pad mounted transformer
market during the assessment period.
Based on phase, the global pad mounted transformer
market has been segmented into single phase and three phase. The three phase
segment commands the major share of the
global pad mounted transformer market.
Based on
application, the global pad mounted transformer market has been segmented into
residential, industrial, and commercial.
Regional
Analysis
Geographically, the global pad mounted
transformer market has been segmented into four major regions such as Asia
Pacific (APAC), North America, Europe, and the rest of the world.
The Asia Pacific region commanded the major share of the global pad mounted transformer market in the year 2016. The pad
mounted transformer market in this region is marked to expand at the highest
CAGR during the review period. The major factors such as rapid modernization of
existing distribution network in order to attain the increasing demand for electricity as a result of high energy
consumption by rapidly growing population in the
developing countries, increased production of transformers due to the
availability of cheap raw materials and increased government investment for
optimizing the process of electricity supply are majorly propelling the growth
of the global pad mounted transformers market in the Asia Pacific region.
Increasing demand for high-quality
transformers for distribution of electricity, high consumption of energy as a
result of rapid industrialization and increased utilization of consumer
electronics, and utilization of advanced technology for solving the issues in
power distribution in residential as well as commercial sectors are majorly
fueling the growth of the global pad mounted transformers market in the North
America region.
Global
Pad Mounted Transformer Market: Key Players
The key players
profiled by Market Research Future (MRFR) that are operating in the global pad
mounted transformer market are Schneider Electric (France), ABB Ltd. (Switzerland), Siemens
AG (Germany), Eaton Co. Plc. (Ireland), General Electric (the U.S.), Crompton Greaves Ltd. (India), Olsun Electrics (the
U.S.), Pacific Crest Transformers (the U.S.), Pearl Electric Co. Ltd. (China),
ERMCO (the U.S.), Federal Pacific (the U.S.), Hitachi Ltd. (Japan), Vantran
Industries Inc. (the U.S.), Sunbelt Transformer, Ltd (the U.S.), and Wenzhou
Rockwell Transformers Co. (China). The players in the global pad mounted
transformer market are expanding their businesses by introducing high-quality products in the global market and
carrying out mergers and acquisitions in order to sustain the growing competition
in the global pad mounted transformers market during the assessment period.
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