Pad-Mounted Transformer
Market
Pad mounted transformers are
extremely important in modern electricity supply system. There is a significant
market for pad mounted transformer. Market Research Future (MRFR) projected
that the global Pad-Mounted
Transformer Market will register a compound annual growth rate (CAGR)
of 5.14% during the assessment period (2017-2023).
Pad-Mounted Transformer
Market: Segmental Analysis
Segmental analysis of the market has
conducted on the basis of power rating, phase, application, insulation and
region.
Based on power rating, the market
has been segmented into more than 1mVA and less than 1mVA. The less than 1mVA
segment holds the pole position in terms of value. The segment is expected to retain
its leading position throughout the assessment period. Demand for less than
1mVA is expected to rise further in commercial and residential verticals. The commercial sector heavily relies on low
power management system. Meanwhile, the power requirement in residential sector
do not require high power consuming equipment. Such requirements have created
application scope for 1mVA power rating pad mounted transformers. Nevertheless,
the more than 1mVA segment is also like to witness a healthy growth owing to
industrial growth that is underway in regions such as Asia, the Middle East and
Latin America.
Based on phase, the market has been
segmented into three phase pad mounted transformer and single-phase pad mounted
transformer. The three-phase pad mounted transformer segment currently accounts
for the lion’s share of the market. The segment is expected to retain its
dominant position over 2023.
Global Pad-Mounted Transformer Market: Regional Analysis
In the basis of region, the market
has been segmented into Europe, North America, Asia Pacific (APAC) and Rest of
the World. The North America pad mounted market is expected to exhibit a
significant growth rate during the forecast period. Countries such as the U.S.
and Canada are undergoing modernization of aging distribution networks to
facilitate transport of higher volume of electricity. The U.S. is one of the leading consumers of
electricity in the world. Over the years, the electricity transformer industry
has continued to grow in the country. This is a key factor driving the market
in North America. Population growth along with the improving lifestyle is also linked
with the increased consumption of electricity in the region. A similar trend is
noticed in APAC where countries such as China and India post tremendous demand
for electricity. The APAC market is expected to witness an impressive growth
over the next couple of years. Local policymakers are prioritizing upgradation
of transmission and distribution network to boost power supply and cater to the
growing need for electricity.
Global Pad Mounted Market: Competition Analysis
ABB Ltd. (Switzerland), Eaton Co.
Plc. (Ireland), Crompton Graves Ltd. (India), Pacific Crest Transformers (U.S.),
ERMCO (U.S.), Hitachi Ltd. (Japan), Sunbelt Transformer, Ltd (U.S.), Schneider
Electric (France), Vantran Industries Inc. (U.S.), Federal Pacific (U.S.), Wenzhou
Rockwell Transformers Co. (China), General Electric (U.S.), Pearl Electric Co.
Ltd. (China), Olsun Electrics (U.S.) and Siemens AG (Germany) are among the
leading companies operating in the global pad mounted market.
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