Pad-Mounted Transformer Market Overview:
Global Pad-Mounted Transformer Market to grow at 5.14% CAGR from 2022 to 2030, with valuation of up to $2.02 billion from an estimated $1.38 Billion in 2019.
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. These transformers serve schools, hospitals, shopping centers, and many institutional and industrial applications. Growing investment in renewable sector is rigorously driving the global Pad-Mounted Transformer Market. To lessen the dependence on conventional fossil fuels, several countries are focusing on renewable energy generation.
Furthermore, the market is also driven by enhancements in process control, broad application of information technology to machinery, and technological advancements in machinery. However, the factor restraining the growth of the Pad-Mounted Transformer Market is that it needs land for installation and has to be placed inside an enclosure to prevent contact with flammable materials. This involves additional cost, which is not required in case of pole mounted transformers.
CAGR
5.14% CAGR (2022-2030)
Base Year
2021
Forecast Period
2022-2030
Historical Data
2019 & 2020
Forecast Units
Value (USD Million)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Power Rating, Phase, Insulation and Application
Geographies Covered
North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Market Research Analysis
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 insulation, the market has been segmented into dry type and liquid immersed. Dry type pad mounted transformer dominate the phase segment of the market in 2016 and is continuing to dominate the market during the forecast period. This transformer is safer to use and has a lower maintenance cost. This increase the popularity of dry type pad mounted transformer among the consumers.
On the basis of application, the market has been segmented into residential, industrial, and commercial. The notable growth in the industrial sector across the world is producing an immense power requirement for the proper functioning of the sector. The high reliability of industrial sector towards power is empowering the growth of the power equipment in the sector. The enormous amount of power consumption in the industrial sector with varying load capacity is estimated to boost the Pad-Mounted Transformer Market during the forecast period. The commercial sector is also another major application of the market. The growth in the population resulting in urbanization across all major economies in the world is making a fruitful market for the pad mounted transformer for this sector.
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Market Segmentation:
Based on Rated Power Type
- > 1 MVA
- < 1 MVA
Based on Phase
- Single
- Three
Based on Insulation
- Dry-type
- Liquid-immersed
Based on End-User
- Residential
- Commercial
- Industrial
By Geography
- North America (NA) – US, Canada & Rest of North America
- Europe (EU) – UK, Germany, France & Rest of Europe
- Asia Pacific (APAC) – China, Japan, India & Rest of APAC
- Latin America (LA) – Brazil & Rest of Latin America
- Middle East & Africa (EMEA) – the Middle East and Africa
Regional Analysis:
This report provides an overview of qualitative and quantitative information for the market and usage in the industries. At a international level, the global market size and the forecast estimates have been changed since 2019 till now. The significant regions to develop and provide market higher values of shares are North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (EMEA), and South America. Each region's global Pad-mounted transformer market is later sub-segmented by respective countries and segments. The Asia Pacific is the largest pad-mounted transformer market by size and is estimated to grow at the highest rate due to China's high demand for power products. China's high economic growth rate has created a good demand for power distribution products such as pad-mounted transformers. Along with that, new policy reforms in India to support the growth of industries have made India a very lucrative market for OEM manufacturers. Therefore, it is also likely to create a massive demand for pad-mounted transformers.
Key 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).
Table Of Contents
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Landscape
5 Market Dynamics
The complete research framework on Global Pad-Mounted Switchgear Market reveals various influencing factors like growth factors, industry drivers, restraints, production techniques, latest market trends, market challenges, market extension and opportunities for beginners and established players in global runway lighting market.
As per the world economic evaluate growth rate of the past four years, market size is estimated from 3800 million $ in 2014 to 4850 million $ in 2017.
The prime objective of this report is to help the user understand market share distribution of number of key players in the market included are Eaton Corporation Plc., Federal Pacific, G Electric, Hubbel Incorporated, S Electric Company, Eeic, Power Grid Solution Inc., Trayer Engineering Corporation, Tiepco, Entec Electric & Electronic Co.The Pad-Mounted Switchgear Market research report helps to understand cost-effective data in the form charts, tables, graphs, and figures which helps to analyze the market growth rate, market share, and trends.
Furthermore, the study offers a current market size of runway lighting across the globe and its growth rate history based on 5 years market analysis data along with company profiles of top manufacturers in the market.
The Pad-Mounted Switchgear market provides the in-depth approach towards market segments depicts the market investment areas and marketing strategies to achieve informed growth in the market like revenue, import/export data, volume delivered (in kilo tons) and the income it produces (in US$), demand and supply data (as applicable).
Additionally, also gives valuable data pertaining to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies.
