Pole Mounted Transformer Market Size - By Cooling (Dry Type, Oil Immersed), By Phase (Single, Three), By Application (Residential, Commercial, Industrial), By Region & Global Forecast, 2023 – 2032

Pole Mounted Transformer Market Size

Pole Mounted Transformer Market size crossed USD 16.3 billion in 2022 and is slated to witness over 6.8% CAGR from 2023 to 2032. A pole-mounted transformer is an electrical transformer that is mounted on a utility pole, typically used for distributing power from electrical transmission lines to residential, commercial, and industrial areas. Increasing demand for uninterrupted power supply together with growing need for efficient energy management system will positively influence the business landscape. In addition, utilization of smart grid technology systems coupled with integration of renewable energy sources will sway the industry outlook. The global transformer market is poised to cross USD 93 billion by 2030.
 

Rising population and urbanization growth has led the power demand across emerging economies, thereby increasing installation of pole mounted transformers. Modernization and upgradation to enhance grid infrastructure network combined with increasing focus toward improve efficiency and reliability of the power distribution systems will energize the pole mounted transformer market revenue. Supportive regulatory policies and schemes coupled with continuous investment in the refurbishment of conventional technologies will thrust business growth. In addition, rapid industrialization growth, growing energy demand along with government initiatives aimed at improving energy efficiency will complement the industry landscape. The global dry type transformer industry is likely to cross USD 34 Billion by 2032.

The expansion of the electrification network in key geographies through increasing investments will boost the industry scenario. The growth toward the infrastructure development activities supported by rising investment from both public and private entities to strengthen programs and regulatory initiatives, thereby increasing the overall industry demand. Increasing focus on reducing greenhouse gas emission in line with implementation of strict energy efficiency measures have created favorable business environment for the adoption of these transformer systems. Similarly, integrating innovative components, technologies, and control equipment to upgrade existing grid networks and make them more resilient and efficient has positively impacted on the pole mounted transformer market outlook.
 

COVID-19 Impact

The COVID-19 pandemic resulted in supply chain limitations, which affected the availability and prices of crucial components needed for electrical services. This has led to a decrease in demand for pole mounted transformers due to labor shortages and strict lockdowns. However, as economies gradually recover and investments in infrastructure projects increase, the market is expected to see growth in the coming years. The economic slowdown caused by the pandemic has affected investments in infrastructure projects, further affecting the pole mounted transformer market.
 

Pole Mounted Transformer Market Trends

Introduction of grid with renewable powered sources in line with increasing tendency toward the implementation of utility scale project have influenced the deployment of large-scale projects. Over the past decade, the growth in Purchasing Power Parity (PPP) has contributed to an increase in electricity demand. In addition, the ongoing migration to suburban areas coupled with the growing population have led to a significant increase in peak load demand across various regions. The expansion of transmission and distribution (T&D) networks to meet the energy demand in off-grid areas will energize the pole mounted transformer market growth.
 

Pole Mounted Transformer Market Analysis

The oil-immersed transformer market valuation reached USD 11.6 billion by 2022 and is set to observe gains at nearly 5% through 2032. Ongoing demand for effective compatibility in heavy-duty applications in line with enhancement in cooling technology as compared to dry transformers will propel the business landscape. Furthermore, easier core cycle, higher power ratings, low operational costs, and high-end product flexibility are the key parameters will foster the industry outlook. These transformers are less complex and require fewer cooling components, which in turn will augment the adoption of these cooling technology.
 

The rapid increase in demand for electricity subject to rapid urbanization and commercialization has further constituted a favorable scenario for pole mounted transformer market. Supportive regulatory measures along with ongoing industrial investment toward the expansion of distribution networks to sustain the rising energy demand across key regions will comprehensively thrust the product demand. The industry's share is estimated to be driven by increasing investments in high-capacity alternative energy sources. Changing power consumption patterns in households and corporations will also influence the industry's growth. Moreover, efforts to restructure power generation and distribution capabilities to achieve clean electricity will improve the business outlook.
 

The three phase of pole mounted transformer market is poised register 6% growth by 2032 on account of increasing demand for reliable and efficient power distribution systems across high peak loads areas. Sustainable costs, Compact unit structure, and higher efficiency are the key parameters, which in turn will reinforce the product adoption. These transformers offer effective and efficient long-distance electrical distribution capacity, resulting in lower line losses, which in turn will escalate the demand for the product.
 

The industrial application of pole mounted transformer market was valued at USD 2 billion in 2022 and is projected to achieve 8% growth by 2032. Increasing awareness of energy-efficient electricity corridors in emerging nations in line with the development of cross-border electrical distribution networks are the key factors accelerating the industrial sector growth. Ongoing integration of smart technology systems for efficient energy management and monitoring will complement the adoption of these units across the industrial facilities. Growing focus toward retrofitting of conventional grid networks coupled with the introduction of various electrification programs will contribute to the business growth.
 

Asia pacific pole mounted transformer market is anticipated to grow at over 4% CAGR up to 2032. Supportive regulatory framework that encourages the integration of sustainable grids along with favorable policies and schemes by the national utility companies will further stimulate the industry expansion. Increasing spending on rural electrification efforts in line with rising focus on energy efficiency and grid resilience will influence the market penetration across the region. Increasing investment toward the installation of high-capacity alternative energy sources will further drive the industry growth. Additionally, the changing power consumption patterns in households and corporations will positively impact on the growth of the industry.
 

Pole Mounted Transformer Market Share

The key industry players operating in pole mounted transformer market include:

• Shihlin Electric & Engineering Corp.
• TAKAOKA TOKO CO., LTD.
•  Wilson Transformers
• VANTRAN Transformers
• SGB SMIT
• Jiangshan Scotech Electrical Co., Ltd.
• Southwest Electric Co.
• ERMCO
• WEG
• Hitachi Energy Ltd.
• Siemens Energy
• Schneider Electric
• Eaton
• GE
•  ABB.
   

Pole mounted transformer industry news

• In April 2022, Siemens Energy introduced CAREPOLE, a dry type of single-phase transformer for pole applications. This transformer has a power rating capacity between 10 and 100 kVA, and a voltage capacity up to 36 kV. The company’s CAREPOLE transformer’s cast resin and frame protect it against corrosion, which extends its service life. Moreover, this innovation of the company has energized its market position in pole mounted transformer and its market share.
   

This Pole mounted transformer market research report includes in-depth coverage of the industry with estimates & forecast in terms of “000 Units” & “USD Million” from 2019 to 2032, for the following segments:

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By Cooling

• Dry type
• Oil immersed

By Phase

• Single
• Three

By Application

• Residential
• Commercial
• Industrial

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico 
• Europe
  • Germany
  • France
  • Russia
  • UK
  • Italy
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • Egypt
  • South Africa
• Latin America
  • Brazil
  • Peru
  • Argentina