Pad mounted transformer is a ground mounted electric power distribution transformer locked in a steel cabinet mounted on a concrete pad. Growth in demand for energy throughout the globe is driving the growth of the market. The healthy growth in the economy as well as in the population has led to the increase in power consumption. Thus, several countries are increasing and improving their electric grid infrastructure to accomplish this growing demand. Such developmental activities are likely to provide a vigorous opportunity for pad mounted transformer market. However, availability of alternate technology, such as pole mounted transformer, may act as a restraining factor for the market.

Hence, the global pad mounted transformer market is estimated to witness a CAGR of 5.14% during the forecast period.

Get Free Sample “Pad Mounted Transformer Market 2019 Report” at: https://www.marketresearchfuture.com/sample_request/5974

Competitive Landscape

Due to the existence of several well established and small players, the global market for pad mounted transformer appears to be highly competitive. Well-known players incorporate acquisition, collaboration, partnership, expansion, and product launch to gain a competitive advantage in the market and maintain their market position. These key players compete on pricing and services. Vendors operating in the market strive to deliver the best quality products and services based on advanced technologies and best practices. These key players make a substantial investment on R&D and to secure a guaranteed resource for the customers.

Prominent Players:

The prominent players in the pad mounted transformer market include Schneider Electric (France), ABB Ltd. (Switzerland), Siemens AG (Germany), Eaton Co. Plc. (Ireland), General Electric (U.S.), Crompton Graves Ltd. (India), Olsun Electrics (U.S.), Pacific Crest Transformers (U.S.), Pearl Electric Co. Ltd. (China), ERMCO (U.S.), Federal Pacific (U.S.), Hitachi Ltd. (Japan), Vantran Industries Inc. (U.S.), Sunbelt Transformer, Ltd (U.S.), and Wenzhou Rockwell Transformers Co. (China).

Industry News

Helping to meet the growing integration of solar energy, GE's Digital Energy business has launched new three-phase, PROLEC-GE Solar Pad-Mounted Transformer. With this transformers, the energy coming from the solar inverter and generated by photovoltaic cells in solar farms will be transformed from low voltage to medium voltage.

Browse Complete Research Report @ https://www.marketresearchfuture.com/reports/pad-mounted-transformer-market-5974

Segmental Analysis:

The global pad mounted transformer market has been segmented on the basis of insulation, power rating, phase, and application.

Based on insulation, the global pad mounted transformer market has been segmented into dry type and liquid immersed.

Based on power rating, the global pad mounted transformer market has been segmented into less than 1MVA and more than 1MVA.

Based on phase, the global pad mounted transformer market has been segmented into single phase and three phase.

Based on application, the global pad mounted transformer market has been segmented into residential, industrial, and commercial.

Regional Outlook:

Geographically, the global pad mounted transformer market has been divided into four major regions such as North America, Europe, Asia Pacific, and Rest of the World.

Asia Pacific region has accounted for the largest market share in 2016 mainly due to rapid industrialization and urbanization. Whereas, Europe is another major market for the pad mounted transformer. It is expected to expand at a slow pace during the forecast period. In Europe, the economies of countries in Western Europe are recuperating from their recent slump and are unlikely to invest in upgrading their power grid networks to smart grids. This provides a positive impact on the growth of the market. The U.K, Germany, Spain, and France are the major regions in the Europe pad mounted transformer market. In South America, Brazil, and Argentina are the major regions for the pad mounted transformer market. In Argentina, the government is in the process of commissioning large projects, both in the transmission and generation sectors. To meet the growing demand, it is estimated that around 1,000 MW of new generation capacity is needed each year. All these major factors are likely to boost the pad mounted transformer market growth during the forecast period.

View More Info @ https://on.mktw.net/2ZtDrru

About Market Research Future:

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future

+1 646 845 9312

Email: [email protected]