Civic Infrastructure Projects related to power distribution is anticipated to uplift the growth rate of Pole Mounted Transformer in next 5 years
According to research the Pole Mounted Transformer market is projected to expand between 4% and 6% CAGR during the 2021 to 2031 assessment period. Increased power generation capacity plans around the world, rising demand for refurbishment and ageing pole mounted transformers, and rising electricity demand, especially in China and India, owing to rising urbanization and industrial activities, are expected to drive the market during the forecast period.
What is Driving Demand for Pole Mounted Transformer?
Pole mounted transformers are the common breadbox transformers used for converting distribution voltage to the 120/240 volt power used in residential and low-volume commercial installations. This transformers are used to transform 11,000 to 33,000 volts down to a low voltage of 400 volts.
These transformers are comparatively smaller in size and weight than its other types and are very easy to install on electric pole structures, this makes the transformers inaccessible, reducing the risk of injury to animals and people and minimizing vandalism.
Furthermore increasing population coupled with rapid urbanization in developed as well as developing nation has been one of the prominent factor driving the market’s growth. Countries like India, China, Indonesia, USA and other which account for large portion of rural population, has been driving the market globally.
Another driving factor for this type of transform has been its highly durable design, this transformers are shaped to reduce accumulation of water and painted with corrosive materials, owing to which this transformers are capable of withstanding harsh climate conditions and situated in remote areas.
Which Is The Most Lucrative Opportunity for the Pole Mounted Transformer Market?
Countries around the globe are investing heavily in decarbonizing their power sectors. The global power infrastructure will be under a transition phase for the next few years, which will be due to a shift from traditional power sources to cleaner and environment safe power source.
For instance, China is spending a huge amount of money into renewable energy, creating ample opportunity for pole mounted transformers to expand in the country’s market. The country’s average yearly investment in the distribution network is anticipated to rise, boosting demand for this transformers.
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India Pole Mounted Transformer Market Outlook
The India Distribution Transformer Market’s Prospects are said to be boosted by Reforms in the Transmission & Distribution Sector for more than five decades, the Indian distribution transformer industry has developed rapidly owing to which the pole transformers market is anticipated to expand with significant growth rate.
India government is also encouraging investment in the power and distribution sector through its schemes like Revised Accelerated Power Development and Reform Program (R-APDRP) and Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY), which focus reducing technical and commercial losses in the transmission system.
However, technology upgradation won’t be easy in the region owing to its lack of testing facilities, skilled labor and others.
China Demand Outlook for Pole Mounted Transformer
China is another prominent region in the global pole mounted transformer market. According to Switchasia a European Union funded website, the annual loss of electricity in China is more than 20 billion kWh.
About 30-40% of this loss derives from power transmission and distribution, owing to which regional government is taking certain measure to reduce this losses, like close relationship between policymakers, institutes, manufacturers, end-users and energy management and supervision organisations, standard for transformers were developed like the minimum energy performance standards (MEPS), the ecodesign guidelines for manufacturers, and a total-cost owning guideline (TCO) and tool to support procurement decisions.
This measure are very likely to benefit the pole mounted transformer market in the region.
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Who are the Key Manufacturers and Suppliers of Pole Mounted Transformer?
Some of the leading manufacturers of Pole Mounted Transformer include
- Hitachi ABB
- Solomon Corporation
- GE Grid Solutions
- Sunbelt Transformer
- Siemens AG
- Eaton Corporation Plc.
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