LONDON, April 28, 2016 /PRNewswire/ -- "Growing demand for power is expected to drive the pad-mounted transformer market at 5.21%"
Investments in power transmission & distribution network for upgradation and expansion is expected to drive pad-mounted transformer market at a rate of 5.21% from 2015 to 2020. Developing countries are investing in expanding their power grid network to provide electricity to rural areas and to industries to increase growth. Developed countries are investing in upgrading their power grid networks to smart grids which will allow them to manage their power supply more efficiently.
"Three phase pad-mounted transformer and dry-type pad mounted transformer are the segments with highest growth in pad-mounted transformer market"
Globally, the three phase pad-mounted transformer segment is estimated to grow at the highest rate, by phase. In terms of insulation type, dry-type pad-mounted transformer is estimated to grow at the highest rate in the pad-mounted transformer market.
"Asia Pacific to lead the global pad-mounted transformer market in terms of growth rate"
Among regions, Asia Pacific has led the market with the fastest growth rate as well as maximum market share among all other regions. Asia Pacific is followed by Middle East & Africa in terms of growth rate.
The data have been collected through several primary and secondary sources. A comprehensive discussion guide was sent to several experts in the field of pad-mounted transformers for the verification of the market findings.
- 40% of the participants belonged to the Tier 1 companies, 35% to Tier 2, and 25% to tier 3
- 20% of the participants belonged to C level category, 40% to Managerial Level and 40% to other designations respectively
- Maximum participation was from Asia Pacific region followed by Europe and North America. Asia Pacific contributed 40%, followed by Europe at 20% and North America at 15%
ABB Ltd. (Switzerland), Crompton Greaves Ltd. (India), Eaton Corporation Plc. (Ireland), ERMCO (U.S.), GE (U.S.), Federal Pacific (U.S.), Hitachi Ltd. (Japan), Moloney Electric Inc. (Canada), Olsun Electrics (U.S.), Pacific Crest Transformers (U.S.), Pearl Electric Co. Ltd. (China), Schneider Electric Co. (France), Siemens AG (Germany), Vantran Industries Inc. (U.S.), and Wenzhou Rockwell Transformers Co. (China).
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The report provides insights on the following pointers:
Product Analysis and development: Detailed insights on upcoming technologies, research and development activities, and new product launches in the pad-mounted transformer market. Usage pattern/ penetration rate (in-depth trend analysis) of pad-mounted transformer (segment wise) and purchasing data
Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for pad-mounted transformers across geographies, exploit new distribution channels, and new clientele base
Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments decisions in the pad-mounted transformers market. Detailed description regarding the related and unrelated diversification pertaining to this market
Competitive Assessment: In-depth assessment of market shares, company share analysis of the key players forecasted till 2020. Develop business strategies and manufacturing capabilities of leading players enhance the bottom line of the companies in the pad-mounted transformers market.
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