Pad-Mounted Transformer Market to reach $6B by 2020
India, Pune: Markets and Markets has made available a report titled “Pad-mounted Transformer Market by End User (Industrial, Commercial, and Residential), by Phase (Single and Three), by Rated Power (<1 MVA and >1 MVA), by Insulation Type (Dry-type and Liquid-Immersed) & by Region – Global Forecast to 2020″.
According to the report, the pad-mounted transformer market is estimated to reach $6 billion by 2020, reports Digital Journal.
The current market size is valued at $4.5 billion and is estimated to grow at a CAGR of 5.21% for the forecast period from 2015 to 2020.
<1 MVA rated power pad mounted transformer is expected to lead the market due to rising demand from real estate and commercial sectors, and three-phase pad-mounted transformer will capture the major share of the pad-mounted transformer market.
Regionally, Asia-Pacific is expected to dominate the global pad-mounted transformer market.
The major market players profiled in the report include ABB, Eaton Corporation, Schneider Electric, Siemens and GE, along with other prominent manufacturers of pad-mounted transformers.
Source: Digital Journal