The major players in the pole transformer market are Shilin Electric Engineering Co., Ltd., Takaoka Toko Co., Ltd., Wilson Transformers, VANTRAN Transformers, SGB SMIT, Jiangshan Skote Electric Co., Ltd., Southwest Electric Co., Ltd. , ERMCO, WEG, Hitachi Energy Ltd, Siemens Energy, Schneider Electric, Eaton, GE and ABB.
According to the latest research report from Global Market Insights Inc, the pole transformer market is expected to be valued at over US$32 billion by 2032.
Reliable and efficient power distribution systems are essential to drive industrial growth. Pole-mounted transformers play a key role in supplying electricity to residential, commercial and industrial areas, ensuring a stable power supply. Growing investments in energy infrastructure, the need for reliable and efficient power distribution and the growing adoption of smart grid technologies are creating important products.
In May 2023, the British International Investment Corporation, the UK government’s development finance institution, announced a US$15 million investment in the Indo-Pacific region to establish the SUSI Asian Energy Transformation Fund. The investment aims to support energy storage, renewables and microgrid projects across the continent as part of the UK’s wider ambition to raise US$40 billion in sustainable infrastructure funding by 2027. Due to the growing demand for electricity and expanding power grids, the tower transformer market is expected to grow significantly in the coming years.
The dry pole transformer industry will witness significant growth between 2023 and 2032 due to various benefits such as reduced maintenance requirements, improved safety and reduced environmental impact. Dry-type transformers are typically air-cooled, eliminating the need for oil and reducing the risk of fire or oil leakage. This makes them ideal for installation in densely populated urban areas where safety and environmental concerns are critical.
The residential segment contributes significantly to the expansion of the tower transformer market. As the population grows and urbanization accelerates, the demand for reliable and efficient energy supply in residential areas continues to grow. Pole mount transformers are compact and easy to install, making them the best choice for residential power distribution. They play a vital role in reducing the voltage on main distribution lines to a lower voltage suitable for residential electricity use.
The European pole transformer industry will grow significantly between 2023 and 2032. The region’s focus on renewable energy and smart grid initiatives, as well as the need to modernize aging power infrastructure, are driving demand for pole-mounted transformers. The European Union’s commitment to achieving a low-carbon economy and energy security is driving the expansion of renewable energy sources and modernization of electricity grids, further driving demand for pole-mounted transformers in the region.
The major players in the Pole Mount Transformers market are VANTRAN Transformers, Wilson Transformers, Jiangshan Skote Electric Co., Ltd., SGB SMIT, ERMCO, Southwest Electric Co., Ltd., Hitachi Energy Co., Ltd., WEG, Schneider Electric , Siemens Energy, GE, Eaton and ABB. Manufacturers are investing in research and development to incorporate advanced features and technologies into pole-mount transformers, such as the integration of advanced digital monitoring systems.
January 2023 – Franklin Electric releases the INCON Distribution Transformer Monitor (DTM) as an extension of its line of grid monitoring products. DTM provides meter-accurate performance monitoring for conventional pole-mounted transformers as well as low-voltage site-mounted transformers. It also continuously monitors key performance indicators, providing real-time transformer health data and automatically alerting to condition-based maintenance plans.
Chapter 2 Executive Summary 2.1 360° Pole Transformer Industry Overview, 2019-20322 Business Trends 2.3 Cooling Trends 2.4 Phase Trends 2.5 Application Trends 2.6 Regional Trends Chapter 3 Pole Transformer Industry Overview 3.1 Industry Ecosystem Analysis 3.2 Regulatory legal framework 3.3 Impact of COVID-19 on industry prospects 3.4 Impact of industry 3.4.1 Growth drivers 3.4.2 Industry pitfalls and challenges 3.5 Growth potential analysis 3.6 Porter analysis 3.7 PESTEL analysis
View Related Reports: Transformers Market Size – By Core (Enclosed, Jacketed, Berry), By Product (Distribution Transformers, Power Transformers, Transformers), By Winding (Double Winding, Autotransformer), Cooling, Insulation, Ratings, Installations, Applications and forecasts. , 2023 – 2032 https://www.gminsights.com/industry-anaanalysis/transformer-market
Dry Type Transformer Market Size by Winding (Double Winding, Autotransformer), Application (Industrial, Intra-City Substations, Indoor/Underground Substations, Renewable Energy Generation), Core, Technology, Insulation, MVA Rating, Installation, 2023 – 2032 https :/ / www .gminsights.com/industry-anaanalysis/dry-type-transformer-market
Power Transformer Market Size is segmented by Core (Enclosed, Jacket, Berry), Winding (Double Winding, Autotransformer), Cooling (Dry, Oil), Application (Residential, Commercial & Industrial, Utilities), Insulation, Ratings, Installations and Forecasts for 2023–2032 https://www.gminsights.com/industry-anasis/power-transformer-market-report
Global Market Insights Inc. Headquartered in Delaware, USA, is a global market research and advisory services provider that provides syndicated and customized research reports and growth advisory services. Our business intelligence and industry research reports provide clients with in-depth insights and actionable market data specifically designed and presented to help them make strategic decisions. These in-depth reports are developed using proprietary research methods and are suitable for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Post time: Nov-28-2023
