Pad Mounted Transformer Market Overview:
Global Pad-Mounted Transformer Market to grow at 5.2% CAGR from 2022 to 2030, with valuation of up to $ 2,474 Million 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.
Request Sample Report @ https://www.marketresearchfuture.com/sample_request/5974
Market Segmentation:
Based on Rated Power Type
> 1 MVA< 1 MVABased on Phase
SingleThreeBased on Insulation
Dry-typeLiquid-immersedBased on End-User
ResidentialCommercialIndustrialBy Geography
North America (NA) – US, Canada & Rest of North AmericaEurope (EU) – UK, Germany, France & Rest of EuropeAsia Pacific (APAC) – China, Japan, India & Rest of APACLatin America (LA) – Brazil & Rest of Latin AmericaMiddle East & Africa (EMEA) – the Middle East and AfricaRegional 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.
Browse Detailed Overview of This Research @ https://www.marketresearchfuture.com/reports/pad-mounted-transformer-market-5974
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).
