The need for using energy efficiently is increasing day-by-day, which can be ascribed to the surging population across the globe and inadequacy of existing energy resources to fulfill the needs of this population. In addition to this, because of excessive utilization of fossil fuels for generating energy the ozone layer has started depleting. Therefore, in addition to using efficiently, reducing carbon dioxide emissions is also crucial. Energy efficiency can effectively decrease the consumption of power, thereby resulting in decreased electricity cost as well. Thanks to digitization, it has now become possible to make use of internet of things (IoT) and other technologies to achieve energy efficiency in an easier way.

All these factors are leading to the increasing demand for pad-mounted transformers, which are utilized for distributing electric power. It is basically an enclosure solution for larger transformers and can be installed in spaces that are accessible to the general public. Pad-mounted transformers have various attributes including tamper proof screws and bolts, tamper resistant construction, lockable compartments with hinged doors, baffled ventilation openings, and bottom entry of secondary and primary cabling.

Because of this, the global pad-mounted transformer market is projected to progress at a rapid pace in the coming years, as per a report by PS Intelligence.

Between these two, the demand for pad-mounted transformers with power rating less than 1 MVA is expected to be significant in the years to come, which can be attributed to the growing utilization of these devices in commercial and residential sectors. The number of power-consuming devices in commercial spaces and houses is increasing, and since these devices need less energy than industries, transformer with lower power rating is suitable for them. Industrial, commercial, and residential are the major application areas of pad-mounted transformers, among which, the demand for these devices is projected to be high for industrial and commercial applications in the coming years.

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Geographically, the pad-mounted transformer market is categorized into North America, Europe, Latin America (LATAM), Asia-Pacific (APAC), and the Middle East and Africa (MEA). Among all regions, APAC holds substantial share in the market, due to the presence of rapidly emerging economies, such as China and India, which are currently witnessing increasing demand for pad mounted transformers to provide electricity to rural areas. Furthermore, upgradation of transmission and distribution network in Malaysia, China, and India also boosting the demand for the pad-mounted transformers.

Hence, the demand for pad-mounted transformers is growing due to the rising need for consuming less energy.