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.
FACTS AT A GLANCE
Companies: Hitachi ABB, Solomon Corporation, GE Grid Solutions, Sunbelt Transformer, Siemens AG, Eaton Corporation Plc., Others
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Coverage: All major geographies and key segments
Segments: Type(Dry,Liquid immersed); End Use(Rural and Domestic Lighting,Commercial Lighting,Industrial Lighting); By Phase(Single Phase,Three Phase)
Geographies: North America (U.S., Canada), Latin America (Mexico, Brazil, Argentina, Chile, Peru), Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe), CIS and Russia, Asia-Pacific (China, India, ASEAN, South Korea), Japan, Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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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.
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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.
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