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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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.
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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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