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Pad-Mounted Transformer Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
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Pad-Mounted Transformer Market
1. Introduction
A pad-mounted transformer is a type of electrical equipment that is mounted on a concrete pad, typically located at or near the point where power lines connect to homes and businesses. The transformer steps down the voltage of the power line to a level that can be used by the customer, and also provides isolation between the power line and the customer’s electrical system.

Pad-mounted transformers are generally used in areas where underground power lines are not practical, such as in rocky or marshy terrain. They are also used when it is not possible to bury the power line underground, such as when the power line crosses a river or other body of water.

Pad-mounted transformers are typically made of cast iron or steel, and are sealed to protect them from weather and other environmental conditions. The transformer is connected to the power line by a bushing, which is insulated to prevent electrical shock.

Pad-mounted transformers can be either single-phase or three-phase. Single-phase transformers are typically used for residential service, while three-phase transformers are used for commercial and industrial service.

The global pad-mounted transformer market is expected to grow at a moderate pace during the forecast period. The market is driven by factors such as the increasing demand for electricity, the need for efficient power distribution, and the growing demand for renewable energy.

The pad-mounted transformer market is segmented on the basis of type, phase, power rating, application, and geography.

On the basis of type, the pad-mounted transformer market is segmented into air-cooled and oil-cooled. The air-cooled transformers segment is expected to grow at the highest CAGR during the forecast period. The growing demand for air-cooled transformers is attributed to the fact that they are more efficient and have a lower maintenance cost as compared to oil-cooled transformers.

On the basis of phase, the pad-mounted transformer market is segmented into single-phase and three-phase. The three-phase transformers segment is expected to grow at the highest CAGR during the forecast period. Three-phase transformers are widely used in commercial and

2. Market Overview
The global pad-mounted transformer market is expected to reach USD 3.09 billion by 2022 from an estimated USD 2.21 billion in 2017, at a CAGR of 6.5%. This market is witnessing significant growth due to the rising demand for electricity, growing investments in the transmission and distribution (T&D) sector, and increasing need for grid expansion.

The report segments the pad-mounted transformer market on the basis of voltage, application, phase, and region. The market, by voltage, is classified into low, medium, and high. The application segment includes residential, commercial, industrial, and utility. The industrial application segment is further divided into oil & gas, mining, and water & wastewater. The phase segment includes single and three. The three-phase segment is projected to grow at the highest CAGR during the forecast period.

The market, by region, is divided into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. Asia Pacific is expected to be the largest market for pad-mounted transformers, followed by North America and Europe. The large market size in Asia Pacific can be attributed to the increasing demand for electricity and government initiatives to develop energy infrastructure in the region.

Some of the key players in the pad-mounted transformer market are ABB (Switzerland), Eaton (Ireland), General Electric (US), Schneider Electric (France), Crompton Greaves (India), and Siemens (Germany). These companies have a strong foothold in the global pad-mounted transformer market.

This research study involves the extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg Business, Factiva, and Avention to identify and collect information useful for this technical, market-oriented, and commercial study of the global pad-mounted transformer market. In-depth interviews have been conducted with various primary respondents, such as CEOs, directors, and marketing executives, to obtain and verify critical qualitative and quantitative information as well as assess future market prospects. The breakdown of the primaries on the basis of company, designation, and region is as follows:

By Company Type: Tier 1- 38%, Tier 2- 44%, and Tier

3. Market Drivers
The three main drivers of the pad-mounted transformer market are the rising demand for electricity, the need for improved grid infrastructure, and the increasing use of renewable energy sources.

1. Rising demand for electricity: The world’s population is growing and so is the demand for electricity. According to the World Bank, global electricity demand is expected to grow by more than 50% by 2030. This increase in demand is being driven by economic growth, population growth, and the increasing use of electrification as a means to combat climate change.

2. Need for improved grid infrastructure: The world’s electricity grid is aging and in need of upgrading. According to the International Energy Agency, the global electricity grid needs an investment of $2.5 trillion by 2030. A large portion of this investment will be needed to upgrade or replace aging infrastructure, such as pad-mounted transformers.

3. Increasing use of renewable energy sources: The world is increasingly turning to renewable energy sources to meet its energy needs. According to the International Renewable Energy Agency, renewable energy is expected to account for more than half of the world’s electricity by 2050. This shift to renewable energy is being driven by the need to combat climate change, as well as the falling cost of renewable energy technologies.

4. Market Restraints
#The global pad-mounted transformer market is expected to grow at a CAGR of around 5% during the forecast period of 2020-2025.

One of the major restraints for the pad-mounted transformer market is the lack of awareness about the benefits of using pad-mounted transformers. Pad-mounted transformers are more efficient and have a longer lifespan than traditional transformers. They are also easier to install and require less maintenance. However, many people are not aware of these benefits and continue to use traditional transformers.

Another restraint for the pad-mounted transformer market is the high cost of these transformers. Pad-mounted transformers are more expensive than traditional transformers, which makes them a less attractive option for many customers.

There is also a lack of standardization in the design of pad-mounted transformers, which makes it difficult for manufacturers to produce these transformers in large quantities. This lack of standardization also makes it difficult for customers to find the right transformer for their needs.

Finally, the pad-mounted transformer market is also restrained by the fact that these transformers are not widely available in all regions of the world. Many regions, such as Africa and Asia, do not have access to these transformers. This limits the potential growth of the pad-mounted transformer market.

5. Market Segmentation
The transformer market is broadly classified into three types: distribution transformers, power transformers, and instrument transformers. Among these, the distribution transformer market is further classified into three types: pad-mounted transformers, pole-mounted transformers, and vaulted transformers. The global pad-mounted transformer market is expected to grow at a CAGR of 5.6% from 2016 to 2021.

Pad-mounted transformers are installed on concrete pads or metal stands and are used for both indoor and outdoor applications. They are either single-phase or three-phase devices with a voltage rating of below 34.5 kV. These transformers are available in a variety of sizes and shapes and can be customized as per the customer requirements.

The global pad-mounted transformer market is expected to grow owing to the increase in the demand for electricity, rise in the number of distribution substations, and growth in the industrial and commercial sector. The market is further driven by the increase in the refurbishment of existing substations and construction of new substations. The market is restrained by the declining demand for coal and oil-based power generation and the high cost of installation. The market presents opportunities such as the growth of the renewable energy sector and the increase in the use of smart grid technologies.

The global pad-mounted transformer market has been segmented on the basis of phase, voltage, application, and geography.

On the basis of phase, the market has been segmented into single-phase and three-phase. The three-phase segment is expected to grow at the highest CAGR during the review period.

On the basis of voltage, the market has been classified into below 34.5 kV, 34.5 kV-161 kV, and above 161 kV. The 34.5 kV-161 kV voltage segment is expected to grow at the highest CAGR from 2016 to 2021.

On the basis of application, the market has been classified into residential, commercial, industrial, and utility. The industrial application segment is expected to grow at the highest CAGR during the review period.

The pad-

6. Competitive Landscape
The global pad-mounted transformer market is expected to grow at a CAGR of around 5% during the forecast period of 2020-2025.

The major players operating in the global pad-mounted transformer market are Eaton, ABB, General Electric, Schneider Electric, Siemens, and Jabil.

Eaton is one of the leading manufacturers of electrical products and services for power quality, distribution, and control. The company offers a wide range of pad-mounted transformers, which are widely used in various industries such as utility, commercial, and industrial.

ABB is a global leader in power and automation technologies. The company offers a wide range of pad-mounted transformers for various applications such as distribution, industrial, and utility.

General Electric is a leading provider of electrical products and services for power generation, distribution, and control. The company offers a wide range of pad-mounted transformers for various applications such as distribution, industrial, and utility.

Schneider Electric is a leading global provider of electrical products and services for power distribution, automation, and control. The company offers a wide range of pad-mounted transformers for various applications such as distribution, industrial, and utility.

Siemens is a leading global provider of electrical products and services for power generation, distribution, and control. The company offers a wide range of pad-mounted transformers for various applications such as distribution, industrial, and utility.

Jabil is a leading global provider of electrical products and services for power quality, distribution, and control. The company offers a wide range of pad-mounted transformers, which are widely used in various industries such as utility, commercial, and industrial.

7. Company Profiles
The global pad-mounted transformer market is expected to grow at a CAGR of around 6% during 2019-2024. A pad-mounted transformer is a type of distribution transformer that is mounted on a concrete pad or steel pole, instead of being buried underground. These transformers are used in a variety of applications, including commercial, residential, institutional, and industrial.

Some of the key players operating in the global pad-mounted transformer market are ABB Ltd., Siemens AG, General Electric Company, Schneider Electric SE, Eaton Corporation PLC, Crompton Greaves Ltd., and Hubbell Incorporated.

1. ABB Ltd.

ABB Ltd. is a Swiss-based multinational corporation that provides electrification products, robotics, and motion, industrial automation, and power grids, serving customers in utilities, industry, and transport & infrastructure globally. The company operates through four business segments: Electrification Products, Robotics & Motion, Industrial Automation, and Power Grids.

ABB Ltd. offers a wide range of pad-mounted transformers for various applications, such as industrial, utility, and commercial. The company’s pad-mounted transformers are available in a variety of voltages and capacities. ABB Ltd. also provides a range of services for its pad-mounted transformers, including installation, commissioning, and maintenance.

2. Siemens AG

Siemens AG is a German multinational conglomerate company that focuses on the areas of electrification, automation, and digitalization. The company operates through four business segments: Digital Industries, Smart Infrastructure, Mobility, and Energy.

Siemens AG offers a wide range of pad-mounted transformers for various applications, such as industrial, utility, and commercial. The company’s pad-mounted transformers are available in a variety of voltages and capacities. Siemens AG also provides a range of services for its pad-mounted transformers, including installation, commissioning, and maintenance.

3. General Electric Company

General Electric Company is an American multinational conglomerate company that operates in various segments, such as Power, Renewable Energy, Oil & Gas, Healthcare, Aviation, and

8. Future Outlook
As the name suggests, a pad-mounted transformer is a type of transformer that is installed on a concrete pad, rather than being buried underground. This makes them more visible and easier to maintain than other types of transformers.

Pad-mounted transformers are typically used to supply power to small commercial or residential buildings. They are also used in some industrial applications.

The global pad-mounted transformer market is expected to grow at a moderate pace during the forecast period. The market is driven by the increasing demand for power, the need for efficient and reliable power supply, and the growing adoption of renewable energy sources.

The market is further driven by the government regulations and standards related to the efficiency of power transformers. However, the market growth is restrained by the high cost of pad-mounted transformers and the lack of awareness about the benefits of these transformers.

The global pad-mounted transformer market is segmented by application, by phase, by voltage, by power rating, and by geography.

By application, the market is segmented into distribution transformers, power transformers, and specialty transformers. Distribution transformers are further segmented into pad-mounted distribution transformers and underground distribution transformers.

By phase, the market is segmented into three-phase and single-phase.

By voltage, the market is segmented into low voltage, medium voltage, and high voltage.

By power rating, the market is segmented into less than 500 kVA, 500 kVA to 1 MVA, and more than 1 MVA.

By geography, the global pad-mounted transformer market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

The key players in the global pad-mounted transformer market are ABB Ltd., Eaton Corporation, General Electric Company, Schneider Electric SE, Siemens AG, and Toshiba Corporation.

9. Conclusion
A pad-mounted transformer is a type of electrical equipment that is installed on a concrete pad or a metal stand. It is used to supply electricity to homes and businesses. The transformer is encased in a weather-resistant enclosure that protects it from the elements.

The pad-mounted transformer market is expected to grow at a CAGR of 5.5% from 2019 to 2024. The market is driven by the increasing demand for electricity, the growing number of electricity consumers, and the need to upgrade the electrical infrastructure.

The market is segmented by type, application, and geography. By type, the market is divided into air-cooled and oil-cooled. By application, the market is classified into residential, commercial, and industrial.

The major players in the market are ABB (Switzerland), Siemens (Germany), Eaton (Ireland), General Electric (US), and Schneider Electric (France). These companies have a strong presence in the market and offer a wide range of products.

The report includes a detailed competitive landscape of the pad-mounted transformer market. It includes company profiles, product offerings, financial details, SWOT analysis, and recent developments.

Key Players Covered:

The major pad-mounted transformer companies in the world are ABB, Schneider Electric, Eaton, Prolec GE, Siemens, Sunbelt Transformer, Olsun Electrics Corporation, Wenzhou Rockwell Transformer Co., Ltd., Ermco Inc., CG Power, and Industrial Solutions Limited, Pearl Electric Co., Ltd., and Hitachi America, Ltd.

Segmentation

 

 ATTRIBUTE

 

 DETAILS
 

By Phase

 

 

    • Single Phase
    • Three Phase
 

By Rated Power

 

 

    • Up to 1mVA
    • Above 1mVA
 

By Insulation

 

 

    • Dry Type
    • Oil Immersed
 

By Application

 

 

    • Residential
    • Commercial
    • Industrial
 

By Geography

 

 

    • North America (USA and Canada)
    • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
    • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
    • Latin America (Brazil, Mexico and Rest of Latin America)
    • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

 

 

 

 

By Phase

 

 

    • Single Phase
    • Three Phase
 

By Rated Power

 

 

    • Up to 1mVA
    • Above 1mVA
 

By Insulation

 

 

    • Dry Type
    • Oil Immersed
 

By Application

 

 

    • Residential
    • Commercial
    • Industrial

ABB, Schneider Electric, Eaton, Prolec GE, Siemens, Sunbelt Transformer, Olsun Electrics Corporation, Wenzhou Rockwell Transformer Co., Ltd., Ermco Inc., CG Power, and Industrial Solutions Limited, Pearl Electric Co., Ltd., and Hitachi America, Ltd.

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