A pad mounted transformer is a ground mounted electric power distribution transformer, locked in a steel cabinet mounted on a concrete pad. These transformers normally have features such as tamper-resistant construction, tamper proof bolts and screws, and lockable compartments with hinged doors. These transformers serve schools, hospitals, shopping centers, and many institutional and industrial applications. Growing investment in renewable sector is rigorously driving the global pad mounted transformer market. To lessen the dependence on conventional fossil fuels, several countries are focusing on renewable energy generation. Furthermore, the market is also driven by enhancements in process control, broad application of information technology to machinery, and technological advancements in machinery.
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The global pad mounted transformer market has been divided into four segments, such as power rating, phase type, insulation, and application.
On the basis of power rating, the market has been segmented into less than 1mVA and more than 1mVA. The less than 1 MVA dominated the power rating segment of the market in 2016 and is expected to remain same during the forecast period due to the growth in demand from the residential and commercial sectors.
On the basis of phase, the market has been segmented into single phase pad mounted transformer and three phase pad mounted transformer. Three-phase pad mounted transformer dominate the phase segment of the market in 2016 and is continuing to dominate the market during the forecast period.
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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).
Geographically, the global pad mounted transformer market has been segmented into four major regions, namely North America, Europe, Asia Pacific, and Rest of the World. The Asia Pacific region accounted for the largest market share in 2016 and is expected to register the highest CAGR over the forecast period. The rising demand for the modernization of the existing distribution network to serve the growing demand for electricity is driving the growth of the pad mounted transformer market during the forecast period. Increasing population and improvement in lifestyle are increasing the consumption of energy. This has a positive impact on the growth of the market. China, Japan, India, and Singapore are the major regions in the Asia Pacific pad mounted transformer market.
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