Home > Energy & Power > Electrical Equipment > Transformers > Pole Mounted Transformer Market

Pole Mounted Transformer Market Trends

Report ID: GMI5763
Published Date: May 2023
Report Format: PDF

Download Free Sample

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.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of pole mounted transformer crossed USD 16.3 billion in 2022 and is predicted to record 6.8% CAGR between 2023 to 2032.

Pole-mounted oil-immersed transformer market is set to observe 5% growth rate from 2023 to 2032 owing to the ongoing demand for effective compatibility in heavy-duty applications in line with improvement in cooling technology as compared to dry transformers.

Asia Pacific pole-mounted transformers market will register gains at nearly 4% through 2032 attributed to supportive regulatory framework that encourages the integration of sustainable grids along with favorable policies and schemes by the national utility companies.

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, and ABB.