Global Pad-mounted Transformers Market to Reach $9.6 Billion by 2030
The global market for Pad-mounted Transformers estimated at US$6.4 Billion in the year 2022, is projected to reach a revised size of US$9.6 Billion by 2030, growing at a CAGR of 5.2% over the analysis period 2022-2030. Three, one of the segments analyzed in the report, is projected to record 5.6% CAGR and reach US$7.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Single segment is readjusted to a revised 3.9% CAGR for the next 8-year period.The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 8.6% CAGR
The Pad-mounted Transformers market in the U.S. is estimated at US$1.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2030 trailing a CAGR of 8.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.Select Competitors (Total 12 Featured) -
- ABB Group
- Crompton Greaves Ltd.
- Eaton Corporation PLC
- General Electric Company
- Hitachi Ltd.
- Olsun Electrics Corporation
- Pacific Crest Transformers
- Pearl Electric Co. Ltd.
- Schneider Electric SA
- Siemens AG
- VanTran Industries, Inc.
- Wenzhou Rockwell Transformer Co., Ltd.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Group
- Crompton Greaves Ltd.
- Eaton Corporation PLC
- General Electric Company
- Hitachi Ltd.
- Olsun Electrics Corporation
- Pacific Crest Transformers
- Pearl Electric Co. Ltd.
- Schneider Electric SA
- Siemens AG
- VanTran Industries, Inc.
- Wenzhou Rockwell Transformer Co., Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 208 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 6.4 Billion |
Forecasted Market Value ( USD | $ 9.6 Billion |
Compound Annual Growth Rate | 5.2% |
Regions Covered | Global |