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Global Pad Mounted Transformer Market to Grow at a CAGR of 3.87% During 2022-2027, Driven by the Rising Electricity Demand

According to a new report by EMR titled, ‘Global Pad Mounted Transformer Market Report and Forecast 2022-2027’, the global market for pad mounted transformer is expected to grow at a CAGR of 3.87% in the forecast period of 2022-2027.

The Asia Pacific holds a significant share of the pad mounted transformers industry owing to the rising demand for electricity in the region. The high prevalence of prolonged power cuts in developing countries in the region is escalating the use of pad mounted transformers for emergency use in commercial and industrial applications, thus propelling the industry growth. Moreover, the robust growth of the industrial sector in the region, especially in China and India, is increasing the use of pad mounted transformers for reliable energy supply, hence augmenting the market growth. As countries like India and Australia have ageing electricity infrastructure, the renovation and refurbishment activities of electricity distribution infrastructure are surging the deployment of pad mounted transformers for continuous electricity supply, which is providing further impetus to the growth of the market.

Eaton Corporation PLC (NYSE: ETN), one of the leading companies in the market, announced in August 2018 that it had been awarded a contract to provide a Modular Integrated Transportable Substation (MITS) to High West Energy. The contract is an initiative for the latter company to add distribution capacity and power transmission to meet the growing energy demands of oil and gas consumers by using innovative pad mounted transformers. This would also aid High West Energy to use Eaton’s modular power station and reduce utility costs. The company was expected to design a three-phase pad mounted transformer to boost power reliability, regulate voltage, and meet additional electrical transmission and distribution capacity demands. Hence, the increasing use of pad mounted transformers in such applications is significantly contributing to the growth of the market.

Market Analysis by Type, Phase, and Region:

  • The market, on the basis of type, can be divided into oil-filled and dry type.
  • Based on phase, the industry can be divided into single-phase and three-phase.
  • The regional markets for pad mounted transformer include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increasing use of medium voltage systems with pad mounted transformers for emergency utility requirements in the healthcare industry is driving the market growth.
  • The growing availability of various accessories of pad mounted transformers to boost their functionality is propelling the growth of the market.
  • The market is being aided by the growing deployment of oil-filled pad mounted transformers owing to their cost-efficiency, reliability, and high-efficiency.
  • The rising use of pad mounted transformers in public spaces to enhance the safety of electric equipment is augmenting the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for pad mounted transformer for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the types, phases, and major regions of pad mounted transformer.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global pad mounted transformer market are ABB Ltd., Eaton Corporation PLC, General Electric Company, Mitsubishi Electric Corporation, Schneider Electric SE, Siemens AG, and Toshiba Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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