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

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 various 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.

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Asia Pacific region dominates the global pad mounted transformer market

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.

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Leading 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).