Pole Mounted Transformer Market is expected to reach US$5 billion by 2031 Key Players- Hitachi ABB, Solomon Corporation

Pole Mounted Transformer Market

The global Pole Mounted Transformer Market was valued at US$3.3 billion in 2021 and is expected to reach US$5 billion by 2031, representing a compound annual growth rate (CAGR) of 5% during this period. Growth is being driven by rising investments in electric infrastructure projects, smart city initiatives, digitalization efforts across various sectors, and rising awareness about energy efficiency among consumers..

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Civic Infrastructure Projects related to power distribution is anticipated to uplift the growth rate of Pole Mounted Transformer in next 5 years

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.

Key Players- 

• Hitachi ABB
• Solomon Corporation
• GE Grid Solutions
• Sunbelt Transformer
• Siemens AG
• Eaton Corporation Plc.
• Others

Many leading manufacturers and suppliers have longstanding contracts with end-users to supply pole transformers.

The Pole Mounted Transformer Market is a rapidly growing industry that is becoming increasingly important for both residential and commercial applications. Pole mount transformers are used to step down the electrical voltage from a higher level to a lower level, allowing for easy transmission of power over large distances. Pole mounting transformers have become particularly popular due to their cost-effectiveness, small footprint, and ease of installation.

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Pole Mounted Transformer Market Key Segments
Pole Mounted Transformer Market By Installation
Type
• Dry
• Liquid immersed

Pole Mounted Transformer Market By Phase
• Single Phase
• Three Phase

Pole Mounted Transformer Market By End Use
• Rural and Domestic Lighting
• Commercial Lighting
• Industrial Lighting

Pole Mounted Transformer Market By Region
• North America
• Latin America
• Europe
• East Asia
• China
• Japan
• South Korea
• South Asia & Pacific
• Middle East and Africa

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China Demand Outlook for Pole Mounted Transformer

China is another prominent region in the global pole mounted transformer market. According to Switchasia a European Union funded website, the annual loss of electricity in China is more than 20 billion kWh.

About 30-40% of this loss derives from power transmission and distribution, owing to which regional government is taking certain measure to reduce this losses, like close relationship between policymakers, institutes, manufacturers, end-users and energy management and supervision organisations, standard for transformers were developed like the minimum energy performance standards (MEPS), the ecodesign guidelines for manufacturers, and a total-cost owning guideline (TCO) and tool to support procurement decisions.

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