The global pad mounted transformer market is projected to grow at a significant CAGR during the forecast period. The key factor responsible for the growth of global pad mounted transformers market includes large investments by the governing bodies as well as private sectors for the expansion and upgradation of global power distribution networks. Moreover, developments in process management is further anticipated to boost the growth of pad mounted transformers across the globe over the coming years. Additionally, ongoing innovations related to machinery are also positively influencing the market growth. Growing investment in research and development activities are further forecast to spur the growth of global pad mounted transformers market through 2024.
Based on phase, the global pad mounted transformers market is bifurcated into single phase and three phase. Out of which, the three phase pad mounted transformer is anticipated to register highest CAGR during the forecast period. The growth of this segment can be attributed to increasing use of power consuming appliances in the residential sector which requires high capacity pad mounted transformers. Additionally, in most of the developing countries, utility power is supplied in three phase, therefore these transformers are more suitable in such situations when compared to single phase pad mounted transformers.
Major players operating in the pad mounted transformers market include ABB Ltd., Eaton Corporation PLC., General Electric, Siemens AG., Crompton Greaves, Federal Pacific, Hitachi, Moloney Electric, Inc., Pacific Crest Transformers, Inc., Pearl Electric Co. Ltd. and others. The companies are launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions to expand their geographic reach.
Years considered for this report
Historical Years2014-2017
Base Year2018
Estimated Year2019
Forecast Period2020–2024
Objective of the Study
- To analyse and forecast the market size of global pad mounted
transformers market.
- To classify and forecast global pad mounted transformers market
based on insulation type, phase, rated power, end-user, company and regional
distribution.
- To identify drivers and challenges for global pad mounted
transformers market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in global pad mounted
transformers market.
- To conduct pricing analysis for global pad mounted transformers
market.
- To identify and analyse the profile of leading players operating in
global pad mounted transformers market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers which could not be identified due to the limitations of secondary research. Market insights research analyzed the new products, distribution channels and presence of all major players across the globe.
Market insights research calculated the market size of
Key Target Audience
- Pad mounted transformers manufacturers,
suppliers, distributors and other stakeholders
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums and alliances related to
pad mounted transformers
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, distributors and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
