Pad-Mounted Transformer Market Latest Trends and Future Growth Study 2022-2030

Published Nov 3, 2022 

The soaring investments being made for the production and upgradation of the transmission and distribution network in many countries around the world is one of the main factors causing the rise in the requirement of pad-mounted transformers across the globe. In addition to this, rapid advancements in technology, wide-scale application of information technology (IT) t machines, and improvement in process control are further boosting the demand for pad-mounted transformers all over the world.

The other important factor responsible for the surging sales of pad-mounted transformers is the rising consumption of energy throughout the world, on account of the increasing population levels and changing lifestyles in several regions. Due to these factors, the global pad-mounted transformer market is expected to exhibit exponential growth in the years to come. A pad-mounted transformer basically refers to a special style of enclosure for bigger transformers that can be easily installed in the regions accessible to the people.

A pad-mounted transformer possesses various features such as tamper proof screws and bolts, bottom entry of primary and second cabling, lockable compartments having hinged doors, baffled ventilation openings, and tamper resistant construction. These transformers contain built-in switches and fuses and are built in the power rating range of 75—5000 kVA. There are two types of insulation used in the pad-mounted transformers— liquid and dry insulation. Of these, the adoption of liquid insulation is currently higher, because of the fact that the efficiency of the liquid-filled transformers is higher than the dry variants.

Some of the major trends currently being observed in the pad-mounted transformer market are digitization and energy-efficiency. One of the best ways to meet the power targets is to increase the power output, whereas, improving the energy efficiency is another method of enhancing the overall power capacity. Moreover, boosting the energy efficiency causes lesser wastage of power and lower carbon emissions, which in turn, assists in achieving the lower carbon emission targets laid down under the the United Nation Sustainable Development Goals (UN SDG). Digitization optimizes the resources and further increases the energy efficiency of the transformers.

Amongst all the regions, the Asia-Pacific (APAC) region is currently observing the highest usage of pad-mounted transformers. This is primarily attributed to the mushrooming demand for electricity and energy in the developing nations of APAC such as India and China, especially for supplying electricity to the rural areas of the countries. In addition to this, the upgradation of the transmission and distribution network in India, China, and Malaysia is further contributing toward the soaring requirement of pad-mounted transformers in the region.

Therefore, it can be said with full surety that the sales of pad-mounted transformers will shoot-up throughout the globe in the years ahead, owing to the increasing demand for energy and the improving transmission and distribution network in many countries around the world.