Allied Market Research

2024

Liquid-filled Pad Mounted Transformers Market

Liquid-filled pad mounted transformers Market Size, Share, Competitive Landscape and Trend Analysis Report by Insulation Type, by Phase and by Power Rating : Global Opportunity Analysis and Industry Forecast, 2023-2032

EP : Utility

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Author's: | Eswara Prasad
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Liquid-filled pad-mount transformers are (usually) oil-filled units that must be installed outside only. The core and coils are housed in a steel oil-filled tank, with transformer terminals accessible through an adjacent lockable wiring cabinet. There are high and low voltage-wiring compartments in the wiring cabinet.  It's a ground-mounted electric power distribution transformer housed in a steel cabinet set on a concrete pad. Tamper-resistant construction, tamper-proof bolts and screws, and lockable compartments with hinged doors are common features of these transformers.

COVID-19 Impact analysis

The COVID-19 outbreak has brought the world to a halt, causing havoc in a variety of industries around the world. One of the worst affected industries is the power sector. Every business must fight on both fronts—health and economic—and must endure this period of forced recession. With the global economic downturn costing trillions of dollars, there is widespread speculation that the recovery period will last well into early next year. Due to the pandemic, availability of raw material and supply chain management has been drastically affected. Many manufacturers have faced financial crisis.

Top Impacting Factors

Rising investment in transmission and distribution network development and upgrade around the world is a key factor driving the pad-mounted transformer market. Additionally, improvements in process control, widespread application of information technology to machinery, and technological advancements are expected to drive the market. Energy consumption is increasing as the population grows and lifestyles improve. This has a positive effect on market growth as well. Energy efficiency and digitization are two prominent global market trends. Increasing output is one method of achieving power goals. Energy efficiency is another way to increase overall power capacity by reducing waste and increasing efficiency, as well as assisting in meeting lower carbon emission targets under the United Nations Sustainable Development Goals (UN SDG). Rising demand for the modernization of the existing distribution network is the major driver of global liquid-filled pad mounted market.

Market Trends

  • The pad-mounted transformer market is divided into two segments based on insulation type: dry insulation and liquid insulation. Among these, liquid insulation is widely used due to its numerous advantages, such as the fact that liquid-filled transformers are typically more efficient than dry types and have a longer life expectancy. In terms of reducing hot spots in coils, liquid is a more efficient cooling medium. Furthermore, liquid-filled units have a higher overload capacity.
  • Based on phase, the pad-mounted transformer market is divided into single-phase and three-phase pad-mounted transformers. Three-phase transformers have a significant market share due to their high power holding capacity, compatibility, and applicability. Furthermore, the growing use of power-consuming devices in the residential sector is driving up demand for three-phase transformers.
  • Based on application, the market is divided into three categories: residential, commercial, and industrial. Commercial and industrial applications, in particular, account for a sizable market share, owing to rapid industrialization, particularly in developing countries.
  • Pad-mounted transformers are also required for growing commercial construction activities such as shopping malls, hotels, and recreation centers due to their safe design.
  • Because it is more efficient, has a longer service life, and has more reliable overload capabilities, the oil-filled segment is expected to be the largest market for distribution transformers. Oil-filled distribution transformers account for approximately 90% of total distribution transformer units in developing countries and 80% in developed countries, driving the pad mounted transformer market.
  • A liquid is a more efficient medium for cooling applications, and regardless of the type of liquid used for cooling, a liquid-based transformer is preferable to a dry type. The most significant advantage of an oil-filled pad mounted transformer is its ability to handle higher ratings.
  • Countries such as India and China are expanding their transmission and distribution networks in order to boost the country's electrification rate, which is expected to drive the oil-filled transformer market. In India, for example, the Pradhan Mantri Sahaj Bijli Har Ghar Yojana aims to electrify all households.
  • China is heavily investing in renewable energy in order to decarbonize its power sector, creating many opportunities for pad-mounted transformers to expand their market share in the country. The country's average annual investment in distribution networks is expected to rise, increasing demand for oil-filled pad mounted transformers.
  • Furthermore, oil-filled transformers are subjected to periodic oil analysis, as well as cleaning and general inspection of working components, and their repair costs are less expensive than dry type pad mounted transformers. As a result, during the forecast period, oil-filled pad mounted transformers are expected to dominate the market.
  • Asia-Pacific is expected to be the largest and fastest-growing region, owing to increased power generation capacity plans, rising demand for replacing/refurbishing ageing distribution transformers, and rising electricity demand, particularly in China and India, as industrial and infrastructure development activities accelerate.
  • To meet rising electricity demand, utilities and governments in China are developing new generation projects, particularly those based on renewable energy. This is likely to necessitate the construction of distribution infrastructure to accommodate these projects, which will drive the growth of pad-mounted transformers in the country.
  • With Australia's ageing electricity infrastructure nearing its end of life, it is critical to refurbish/renovate the electricity distribution network in order to increase renewable energy generation.
  • The Indian government intends to invest further in strengthening the electrical network in order to build a strong and smart grid, which is expected to supplement the country's demand for pad-mounted transformers.
  • ABB Ltd., Eaton Corporation Plc., Schneider Electric, Siemens AG, General Electric Company, CG Power and Industrial Solutions Limited, Olsun Electrics Corporation, Hitachi Soe Electric & Machinery Co. Ltd., Rockwill T&D Group Co. Ltd., and Electric Research and Manufacturing Cooperative Inc. are some of the major companies operating in the global pad-mounted transformer market.

Key Benefits of the Report

  • This study presents the analytical depiction of the liquid-filled pad mounted transformers market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the liquid-filled pad mounted transformers market share.
  • The current market is quantitatively analyzed to highlight the liquid-filled pad mounted transformers market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed liquid-filled pad mounted transformers market analysis based on competitive intensity and how the competition will take shape in coming years

Questions Answered in the Liquid-Filled Pad Mounted Transformers Report

  • Who are the leading market players active in the liquid-filled pad mounted transformers market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What is liquid-filled pad mounted transformer?
  • What does liquid-filled pad mounted transformers allow organizations to achieve?
  • Which technologies combine to make liquid-filled pad mounted transformers critical organizational asset?
  • What are the current trends and predicted trends?                                  

Liquid-filled pad mounted transformers Market Report Highlights

Aspects Details
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By Insulation Type
  • Dry Insulation
  • Liquid Insulation
  • Others
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By Phase
  • Single Phase
  • Three Phase
  • Others
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By Power Rating
  • <1MVA
  • >1MVA
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Rest of LAMEA)
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Key Market Players

Emerson Electric Co, Quanta Services, Inc., Schneider Electric SE, Siemens AG, ABB Group, S&C Electric Company, Cooper Power Systems, CG Power and Industrial Solutions Ltd, Eaton Corporation, Sepco Industries LLC

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Liquid-filled pad mounted transformers Market

Global Opportunity Analysis and Industry Forecast, 2023-2032