The Pad-mounted transformer market is estimated to reach USD 6 Billion by 2020. The current market size is valued at USD 4.5 Billion and is estimated to grow at a CAGR of 5.21% for the forecast period from 2015 to 2020.
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"Pad-mounted Transformer Market by End User (Industrial, Commercial, and Residential), by Phase (Single and Three), by Rated Power (<1 MVA and >1 MVA), by Insulation Type (Dry-type and Liquid-Immersed) & by Region - Global Forecast to 2020",
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Huge investments are planned for the growth of transmission & distribution networks across the globe. Some regions are looking to upgrade their aging infrastructure, and others are going for the expansion of power grid network.
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This will be the major driving factor for the growth of the pad-mounted transformer market.
Real Estate market growth to drive pad-mounted transformer of capacity <1 MVA
<1 MVA rated power pad mounted transformer is expected to lead the market due to rising demand from real estate and commercial sectors. Houses and commercial establishments usually don’t have high power consuming equipment like industries.
Hence, the demand for <1 MVA rated power pad-mounted transformer is expected to be higher as compared to >1 MVA rated power pad mounted transformer.
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Three phase pad-mounted transformer to capture major share of the pad-mounted transformer market
High applicability, large capacity, and compatibility with three phase power supply gives huge advantage to three phase pad-mounted transformer over single phase pad-mounted transformer. This is likely to drive the market for global three phase pad-mounted transformers.
Asia Pacific to dominate global pad-mounted transformer market
Industrialization in China, India, and other developing countries, upgradation of aging infrastructure in Australia, and Japan, and expansion of transmission & distribution network in India, China, Malaysia, and other Asian countries is expected to drive pad-mounted transformer in this region giving it the highest growth.
The report covers major market players such as ABB Ltd. (Switzerland), Eaton Corporation Plc.
(Ireland), Schneider Electric (France), Siemens AG (Germany), and GE (U.S.) along with other prominent manufacturers of pad-mounted transformers.
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