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. Adapting
to the recent novel COVID-19 pandemic, the impact of the COVID-19
on Pad Mounted Transformer Market is included in the present report.
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.
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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