Industry Background:
The global Padmount Transformers market is expected to witness high demand in the forecasted period due to growing need of Available in high capacities Padmount Transformers and Padmount transformers are used with underground electric power distribution lines at service drops, to step down the primary voltage on the line to the lower secondary voltage supplied to utility customers. Huge investments are planned for the growth of transmission & distribution networks across the globe. Some regions are looking to upgrade their aging infrastructure, and others are going for the expansion of the power grid network. this is acts as the major driver of the global market.
This growth is primarily driven by Increasing Demand for Smart Grid and Rising Number of Advances in the Transformer Industry.
Globally, a noticeable market trend is evident High Adoption Due to Focus on Green Energy
. The Power Producers & Energy Traders sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as ABB Ltd. (Switzerland), Eaton Corporation Plc. (Ireland), Schneider Electric (France), Siemens AG (Germany), GE (United States), Hitachi (Japan), Crompton Greaves (India), Solomon Corporation (United States), Brandon & Clark (United States), Pacific Crest Transformers (United States) and Pioneer Power Solutions (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 25th October 2018, Siemens and PT. Trafoindo Prima Perkasa ("Trafoindo"), a privately-owned transformer company based in Jakarta, have agreed to enter into a joint venture for manufacturing of power transformers. The company will be named "PT. Trafoindo Power Indonesia - a Joint Venture between Trafoindo and Siemens Company". Siemens will hold a minority share of 49 percent and Trafoindo will hold a 51 percent stake in the joint venture.
Market Drivers
- Increasing Demand for Smart Grid
- Rising Number of Advances in the Transformer Industry
Market Trend
- High Adoption Due to Focus on Green Energy
- Growing Application in Rebuilding and Modernization of aging Power Infrastructure
- Implementation of Energy Efficient Standards
Restraints
- Lack of Proper Distribution Network
- Availability of Liquid-Immersed Pad-Mounted Transformer
Opportunities
High Adoption due to Development of Renewable Energy Power Grid and Upsurging Demand for Power across the World
Challenges
Fluctuation in Raw Material Cost Associated with Padmount Transformers and The Increasing Concern of Delays in Grid Expansion Projects
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Padmount Transformers Study Sheds Light on
The Padmount Transformers Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Padmount Transformers industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Padmount Transformers industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.