Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Core (Closed, Shell, Berry), By Product (Distribution Transformer, Power Transformer, Instrument Transformer, Others), By Winding (Two Winding, Auto Transformer), By Installation (Outdoor, Indoor), By Modes of Cooling (ONAN, ONWF, ONAF, Others), By Phase (Three, Single), By Mounting (Pad, Pole, Foundation, Others), By Rating (< 5 MVA, 5 MVA - 10 MVA, > 10 MVA) And Competitive Landscape
Product Code: ETC390790 | Publication Date: Aug 2022 | Updated Date: Sep 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | Africa Oil Filled Transformer Marketย |
Forecast Period | 2024-2030 |
Market Size | USD 2.2 Billion - 4 Billion |
CAGR | 5% |
Growing Sector | Distribution Transformer |
Africa Oil Filled Transformer Market report thoroughly covers the market By Countries, By Core, By Product, By Winding, By Installation, By Modes of Cooling, By Phase, By Mounting, and By Rating. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Africa Oil Filled Transformer Market Size was valued at approximately USD 2.2 billion in 2024 and is projected to reach USD 4 billion by 2030, growing at a CAGR of 5% during the forecast period. This growth is driven by the increasing demand for electricity, infrastructure development, and electrification projects in rural and urban areas across Africa. The expansion of renewable energy projects, particularly solar and wind farms, also contributes significantly to the demand for efficient and reliable power transformers.
Africa Oil Filled Transformer Market Share is poised for significant growth in the coming years, largely due to increasing energy demands, growing industrialization, and infrastructural development across various African nations. Power and distribution transformers are essential for ensuring the reliability and efficiency of electricity grids, and the market is witnessing a rise in government investments aimed at modernizing electrical infrastructure.
According to 6Wresearch, the Africa Oil Filled Transformer Market Size is expected to reach at a significant CAGR of 5% during the forecast period 2024-2030. Several factors are driving the Africa Oil Filled Transformer Market Growth. The oil filled transformer market in Africa has shown a steady growth over the past few years due to increasing demand for electricity and infrastructure development in the region. Moreover, government initiatives towards electrification projects have further boosted the market growth. For instance, South Africa's Integrated Resource Plan (IRP) aims to increase its electricity generation capacity by 20% by 2030. Similarly, Egypt's Electricity Sector Reform Program targets to add 20 GW of additional electricity generation capacity by 2022. These initiatives have increased the demand for oil filled transformers in the region.
Despite the growth opportunities, the market faces several challenges. One key challenge is the high cost associated with advanced oil-filled transformers, which can be a significant barrier for smaller economies and remote installations. Additionally, maintenance and service costs, as well as the shortage of skilled technicians present operational difficulties. Moreover, varying regulatory standards across different African nations can hinder market expansion and complicate the entry of international players.
Africa Oil Filled Transformer Industry is experiencing notable trends, including the growing adoption of smart grid technology and digital transformers that offer enhanced monitoring and control capabilities. The surge in investments in renewable energy projects has led to an increased demand for high-efficiency transformers to support grid integration. Furthermore, technological advancements in transformer cooling systems and materials, as well as a focus on reducing environmental impact, are shaping the future landscape of the market.
Africa Oil Filled Transformer Industry offers promising investment opportunities due to the increasing demand for efficient power distribution infrastructure. Governments across Africa are prioritizing the expansion of electrical grids to meet the growing energy needs of urban and rural areas. Investors can explore opportunities in renewable energy integration, particularly in projects involving solar and wind power generation, where oil-filled transformers play a critical role in managing power loads.
Several leading players dominate the Africa Oil Filled Transformer Market Share. Several prominent players, including Siemens AG, Schneider Electric SE, ABB Ltd., Eaton Corporation, General Electric (GE), Hyosung Heavy Industries, and Elsewedy Electric. These companies play a significant role in meeting the growing demand for power and distribution transformers across Africa, driving technological advancements and expanding energy infrastructure in the region.
Government regulations play a pivotal role in shaping the Africa oil-filled transformer market. National regulatory bodies enforce safety and quality standards for transformers, ensuring operational efficiency and environmental safety. Governments across Africa are encouraging investments in energy infrastructure by offering incentives, favorable policies, and funding for renewable energy projects. Moreover, efforts to modernize electrical grids in line with international safety standards are expected to create a more favorable business environment for market players. In countries such as South Africa and Nigeria, regulatory frameworks are particularly strong, promoting sustainable practices and the adoption of energy-efficient solutions.
Africa Oil Filled Transformer Market is expected to witness substantial growth due to the expansion of renewable energy projects and increased electrification efforts across the continent. As countries invest in upgrading their energy infrastructure to accommodate growing populations and industrial demand, the need for reliable oil-filled transformers will increase. Furthermore, the development of smart grid systems and the integration of advanced monitoring technologies are likely to drive the future of the market. Collaboration between local governments and international investors will continue to foster market growth, especially in emerging markets within the continent.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
South Africa is expected to witness significant growth in the oil filled transformer market due to increasing investments in renewable energy projects and government initiatives towards electrification. Nigeria is also expected to show strong growth potential due to its growing population and increasing demand for electricity.
The closed core transformers are anticipated to experience high demand as they offer better efficiency and reliability compared to other types. Additionally, advancements in technology have led to the development of eco-friendly closed core transformers that use less harmful materials.
According to Vasudha, Senior Research Manager, 6Wresearch, the distribution transformers are estimated to have a higher growth rate due to their widespread use in rural electrification projects and renewable energy systems. The increasing focus on reducing carbon emissions is also expected to drive the demand for distribution transformers.
In the winding segment, two-winding transformers are likely to dominate the market as they are the most commonly used type in power transmission and distribution systems. However, advancements in technology have led to the development of auto transformers which offer higher efficiency and reduced space requirements.
The outdoor installation segment is projected to witness significant growth due to its wide application in high-voltage power transmission systems.
The ONAN (Oil Natural Air Natural) mode of cooling is expected to grow at a higher rate due to its lower operating costs compared to other modes of cooling such as ONAF (Oil Natural Air Forced) and ONWF (Oil Natural Water Forced).
In terms of phase, three-phase transformers are estimated to hold the majority share due to their high efficiency and wide application in industrial and commercial sectors. However, growing demand for single-phase transformers in rural areas with low electricity requirements is expected to drive their growth rate.
Pad mounted mounting type is projected to experience significant growth as it offers a compact solution for installing transformers in urban areas with limited space availability. Moreover, these types of transformers require less maintenance and have a longer lifespan compared to other mounting types.
< 5 MVA Dominates in residential and light commercial applications, with widespread usage across rural electrification projects.
The market report has been segmented and sub segmented into the following categories:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Oil Filled Transformer Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Oil Filled Transformer Market Revenues & Volume, 2020 & 2030F |
3.3 Africa Oil Filled Transformer Market - Industry Life Cycle |
3.4 Africa Oil Filled Transformer Market - Porter's Five Forces |
3.5 Africa Oil Filled Transformer Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Africa Oil Filled Transformer Market Revenues & Volume Share, By Core, 2020 & 2030F |
3.7 Africa Oil Filled Transformer Market Revenues & Volume Share, By Product, 2020 & 2030F |
3.8 Africa Oil Filled Transformer Market Revenues & Volume Share, By Winding, 2020 & 2030F |
3.9 Africa Oil Filled Transformer Market Revenues & Volume Share, By Installation, 2020 & 2030F |
3.10 Africa Oil Filled Transformer Market Revenues & Volume Share, By Modes of Cooling, 2020 & 2030F |
3.11 Africa Oil Filled Transformer Market Revenues & Volume Share, By Phase, 2020 & 2030F |
3.12 Africa Oil Filled Transformer Market Revenues & Volume Share, By Mounting, 2020 & 2030F |
4 Africa Oil Filled Transformer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Oil Filled Transformer Market Trends |
6 Africa Oil Filled Transformer Market, 2020 - 2030 |
6.1 Africa Oil Filled Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
6.2 Africa Oil Filled Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
6.3 Africa Oil Filled Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
6.4 Africa Oil Filled Transformer Market, Revenues & Volume, By Installation, 2020 - 2030 |
6.5 Africa Oil Filled Transformer Market, Revenues & Volume, By Modes of Cooling, 2020 - 2030 |
6.6 Africa Oil Filled Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
6.7 Africa Oil Filled Transformer Market, Revenues & Volume, By Mounting, 2020 - 2030 |
6.8 Africa Oil Filled Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
7 South Africa Oil Filled Transformer Market, 2020 - 2030 |
7.1 South Africa Oil Filled Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
7.2 South Africa Oil Filled Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
7.3 South Africa Oil Filled Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
7.4 South Africa Oil Filled Transformer Market, Revenues & Volume, By Installation, 2020 - 2030 |
7.5 South Africa Oil Filled Transformer Market, Revenues & Volume, By Modes of Cooling, 2020 - 2030 |
7.6 South Africa Oil Filled Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
7.7 South Africa Oil Filled Transformer Market, Revenues & Volume, By Mounting, 2020 - 2030 |
7.8 South Africa Oil Filled Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
8 Nigeria Oil Filled Transformer Market, 2020 - 2030 |
8.1 Nigeria Oil Filled Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
8.2 Nigeria Oil Filled Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
8.3 Nigeria Oil Filled Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
8.4 Nigeria Oil Filled Transformer Market, Revenues & Volume, By Installation, 2020 - 2030 |
8.5 Nigeria Oil Filled Transformer Market, Revenues & Volume, By Modes of Cooling, 2020 - 2030 |
8.6 Nigeria Oil Filled Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
8.7 Nigeria Oil Filled Transformer Market, Revenues & Volume, By Mounting, 2020 - 2030 |
8.8 Nigeria Oil Filled Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
9 Kenya Oil Filled Transformer Market, 2020 - 2030 |
9.1 Kenya Oil Filled Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
9.2 Kenya Oil Filled Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
9.3 Kenya Oil Filled Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
9.4 Kenya Oil Filled Transformer Market, Revenues & Volume, By Installation, 2020 - 2030 |
9.5 Kenya Oil Filled Transformer Market, Revenues & Volume, By Modes of Cooling, 2020 - 2030 |
9.6 Kenya Oil Filled Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
9.7 Kenya Oil Filled Transformer Market, Revenues & Volume, By Mounting, 2020 - 2030 |
9.8 Kenya Oil Filled Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
10 Rest of Africa Oil Filled Transformer Market, 2020 - 2030 |
10.1 Rest of Africa Oil Filled Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
10.2 Rest of Africa Oil Filled Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
10.3 Rest of Africa Oil Filled Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
10.4 Rest of Africa Oil Filled Transformer Market, Revenues & Volume, By Installation, 2020 - 2030 |
10.5 Rest of Africa Oil Filled Transformer Market, Revenues & Volume, By Modes of Cooling, 2020 - 2030 |
10.6 Rest of Africa Oil Filled Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
10.7 Rest of Africa Oil Filled Transformer Market, Revenues & Volume, By Mounting, 2020 - 2030 |
10.8 Rest of Africa Oil Filled Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
11 Africa Oil Filled Transformer Market Key Performance Indicators |
12 Africa Oil Filled Transformer Market - Opportunity Assessment |
12.1 Africa Oil Filled Transformer Market Opportunity Assessment, By Countries, 2020 & 2030F |
12.2 Africa Oil Filled Transformer Market Opportunity Assessment, By Core, 2020 & 2030F |
12.3 Africa Oil Filled Transformer Market Opportunity Assessment, By Product, 2020 & 2030F |
12.4 Africa Oil Filled Transformer Market Opportunity Assessment, By Winding, 2020 & 2030F |
12.5 Africa Oil Filled Transformer Market Opportunity Assessment, By Installation, 2020 & 2030F |
12.6 Africa Oil Filled Transformer Market Opportunity Assessment, By Modes of Cooling, 2020 & 2030F |
12.7 Africa Oil Filled Transformer Market Opportunity Assessment, By Phase, 2020 & 2030F |
12.8 Africa Oil Filled Transformer Market Opportunity Assessment, By Mounting, 2020 & 2030F |
12.9 Africa Oil Filled Transformer Market Opportunity Assessment, By Rating, 2020 & 2030F |
13 Africa Oil Filled Transformer Market - Competitive Landscape |
13.1 Africa Oil Filled Transformer Market Revenue Share, By Companies, 2023 |
13.2 Africa Oil Filled Transformer Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |