Synopsis of Global Pad Mounted Transformer Market
A pad mounted transformer is a ground mounted electric power distribution transformer, locked in a steel cabinet mounted on a concrete pad. These transformers normally have features such as tamper-resistant construction, tamper proof bolts and screws, and lockable compartments with hinged doors.
Geographically, the global pad mounted transformer market has been segmented into four major regions, namely North America, Europe, Asia Pacific, and Rest of the World. The Asia Pacific region accounted for the largest market share in 2016 and is expected to register the highest CAGR over the forecast period. The rising demand for the modernization of the existing distribution network to serve the growing demand for electricity is driving the growth of the pad mounted transformer market during the forecast period. Increasing population and improvement in lifestyle are increasing the consumption of energy. This has a positive impact on the growth of the market. China, Japan, India, and Singapore are the major regions in the Asia Pacific pad mounted transformer market.
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North America accounted for the second largest share in the pad mounted transformer market. Huge investments in transmission and distribution networks are forming a wide scope for the electrical components in this region. The U.S. is a major region in the global market. It is one of the primary countries in the overall transformer shipments around the world. As the U.S. economy is witnessing huge growth due to impressive industrialization and urbanization across the country, it is estimated that the U.S will hold the one of the largest shares in the global transformer market.
Global Pad Mounted Transformer Market Segmentation:
For this study, the global pad mounted transformer market has been divided into four segments, such as power rating, phase type, insulation, and application. On the basis of power rating, the market has been segmented into less than 1mVA and more than 1mVA. The less than 1 MVA dominated the power rating segment of the market in 2016 and is expected to remain same during the forecast period due to the growth in demand from the residential and commercial sectors. Commercial sector and houses normally do not have high power consuming equipment, unlike industries. Therefore, the demand for less than 1 MVA power rating pad mounted transformers is estimated to be higher as compared to more than 1 MVA rated power pad mounted transformers. More than 1 MVA segment is expected to contribute significantly during the forecast period mainly due to the increasing demand from the industrial sector.
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On the basis of phase, the market has been segmented into single phase pad mounted transformer and three phase pad mounted transformer. Three-phase pad mounted transformer dominate the phase segment of the market in 2016 and is continuing to dominate the market during the forecast period. Compatibility, large capacity, and high applicability with three-phase power supply provide a significant advantage to three phase pad mounted transformers over single phase pad mounted transformers. This is expected to drive the market for three-phase segment of the market. Single phase pad mounted transformer is expected to contribute significantly during the forecast period. This transformer offers a high grade of safety and aesthetics in underground distribution systems. These are designed to constantly and safely guarantee a continuous electrical energy service, as these are equipped with accessories that protect against overvoltage and overcurrent. These transformers are largely installed in shopping malls, hotels, residential areas, and recreational centres, where the transformer’s reliability and efficiency, safety and environmental aesthetics are vital.
Hence, Global Pad Mounted Transformer market is expected to witness a CAGR of 5.14% during the forecast period.
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).
The report for Global Pad Mounted Transformer Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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