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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.
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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.
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