Market Forecast By Core (Closed, Shell, Berry), By Product (Power Transformer, Distribution Transformer, Instrument Transformer, Others), By Winding (Two-Winding, Auto-Transformer), By Application (Residential & Commercial, Utility, Industrial), By Cooling (Dry-Type, Oil Immersed), By Phase (Single Phase, 3-Phase), By Rating (10 MVA, 11 MVA To 60 MVA, 61 MVA To 600 MVA, > 600 MVA), by Countries (South Africa, Nigeria, Kenya, Rest of Africa) And Competitive Landscape
Product Code: ETC055997 | Publication Date: Jan 1970 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 4 | |
Africa Transformer Market report thoroughly covers the market by Core, Product, Winding, Cooling, Phase, Rating, and Countries. 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 Transformer Market is expected to project significant growth during the forecast period on account of the rising construction sector. The growing urbanization backed by an upsurging population is driving the demand for electricity further propelling the Africa Transformer Market Growth. The rising demand for transformers owing to the increasing industrialization beholds the growth of the market.
According to 6Wresearch, the Africa Transformer Market size is projected to grow at a CAGR of 4.74% during 2024-2030. Increasing adoption of electric vehicles owing to the government's favorable norms is driving the growth of the market. Additionally, the rising awareness regarding the installation of renewable energy triggers the potential Growth of Africa Transformer Market Revenue. Rising penetration towards the development of smart grids coupled with aging infrastructure is driving the growth of the industry. Growing awareness regarding the development of renewable energy systems owing to surging carbon emissions is driving the growth of the Transformer market in Africa.
Population explosion coupled with rising demand for energy is also accelerating the demand for transformers. However, the global pandemic has declined the growth of almost every industry. The health emergency caused by COVID-19 hampered the growth of the Transformer Market in Africa owing to the delay in upcoming projects. The market is expected to re-gain its growth during the forecast period owing to the resumption of development projects.
One of the major challenges faced by the transformer market in Africa is the lack of skilled professionals. Not many people have the technical expertise needed to build or repair transformers. This lack of expertise means that transformer development and maintenance processes take longer than expected and can result in longer downtimes.
There are key players in Africa's transformer market that are making a significant impact. The industry leaders are not only creating transformers but also investing in the development of the technology. They are constantly innovating and creating new products that are efficient and cost-effective. One such player is ABB, a Swiss-based technology company that has been operating in Africa for over a century. ABB has established a manufacturing plant in South Africa, which produces transformers for the African market. The company also provides technical support for the transformers, ensuring that they are of high quality. Another key player in Africa's transformer market is GE, which has been operating in Africa since the early 1900s. The company has established manufacturing plants, service centres, and training centres across the continent. This has allowed them to be at the forefront of providing energy solutions to Africa's needs.
One way to overcome the challenges in Africa's transformer market is through the implementation of favorable government regulations. Governments can create policies that support the development of a skilled workforce, incentivize local manufacturing, and reduce tariffs on imported parts.
For example, in Nigeria, the government has implemented policies that support local manufacturing. The country's local content policy requires that manufacturers source raw materials locally and hire skilled professionals from the region. This has led to an increase in local manufacturing and job creation. The future of Africa's transformer market is one that presents significant opportunities for economic growth. As the continent continues to develop and grow, the demand for electricity will rise, leading to a significant need for transformers. Key players will continue to invest in the development of the market, and governments will look to implement policies that will facilitate growth.
According to Ravi Bhandari, Research Head, 6Wresearch, the distribution segment is anticipated to project a significant share owing to the expansion of transmission and distribution projects. Growing industrialization and urbanization are also adding to the growth of the Transformer Market in Africa.
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 Transformer Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Transformer Market Revenues & Volume, 2020 & 2030F |
3.3 Africa Transformer Market - Industry Life Cycle |
3.4 Africa Transformer Market - Porter's Five Forces |
3.5 Africa Transformer Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Africa Transformer Market Revenues & Volume Share, By Core, 2020 & 2030F |
3.7 Africa Transformer Market Revenues & Volume Share, By Product, 2020 & 2030F |
3.8 Africa Transformer Market Revenues & Volume Share, By Winding, 2020 & 2030F |
3.9 Africa Transformer Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.10 Africa Transformer Market Revenues & Volume Share, By Cooling, 2020 & 2030F |
3.11 Africa Transformer Market Revenues & Volume Share, By Phase, 2020 & 2030F |
3.12 Africa Transformer Market Revenues & Volume Share, By Rating, 2020 & 2030F |
4 Africa Transformer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Transformer Market Trends |
6 Africa Transformer Market, 2020 - 2030 |
6.1 Africa Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
6.2 Africa Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
6.3 Africa Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
6.4 Africa Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
6.5 Africa Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
6.6 Africa Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
6.7 Africa Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
7 South Africa Transformer Market, 2020 - 2030 |
7.1 South Africa Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
7.2 South Africa Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
7.3 South Africa Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
7.4 South Africa Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
7.5 South Africa Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
7.6 South Africa Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
7.7 South Africa Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
8 Nigeria Transformer Market, 2020 - 2030 |
8.1 Nigeria Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
8.2 Nigeria Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
8.3 Nigeria Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
8.4 Nigeria Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
8.5 Nigeria Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
8.6 Nigeria Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
8.7 Nigeria Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
9 Kenya Transformer Market, 2020 - 2030 |
9.1 Kenya Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
9.2 Kenya Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
9.3 Kenya Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
9.4 Kenya Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
9.5 Kenya Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
9.6 Kenya Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
9.7 Kenya Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
10 Rest of Africa Transformer Market, 2020 - 2030 |
10.1 Rest of Africa Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
10.2 Rest of Africa Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
10.3 Rest of Africa Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
10.4 Rest of Africa Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
10.5 Rest of Africa Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
10.6 Rest of Africa Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
10.7 Rest of Africa Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
11 Africa Transformer Market Key Performance Indicators |
12 Africa Transformer Market - Opportunity Assessment |
12.1 Africa Transformer Market Opportunity Assessment, By Countries, 2020 & 2030F |
12.2 Africa Transformer Market Opportunity Assessment, By Core, 2020 & 2030F |
12.3 Africa Transformer Market Opportunity Assessment, By Product, 2020 & 2030F |
12.4 Africa Transformer Market Opportunity Assessment, By Winding, 2020 & 2030F |
12.5 Africa Transformer Market Opportunity Assessment, By Application, 2020 & 2030F |
12.6 Africa Transformer Market Opportunity Assessment, By Cooling, 2020 & 2030F |
12.7 Africa Transformer Market Opportunity Assessment, By Phase, 2020 & 2030F |
12.8 Africa Transformer Market Opportunity Assessment, By Rating, 2020 & 2030F |
13 Africa Transformer Market - Competitive Landscape |
13.1 Africa Transformer Market Revenue Share, By Companies, 2023 |
13.2 Africa Transformer Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |
Market Forecast By Core (Closed, Shell, Berry), By Product (Power Transformer, Distribution Transformer, Instrument Transformer, Others), By Winding (Two-Winding, Auto-Transformer), By Application (Residential & Commercial, Utility, Industrial), By Cooling (Dry-Type, Oil Immersed), By Phase (Single Phase, 3-Phase), By Rating (10 MVA, 11 MVA To 60 MVA, 61 MVA To 600 MVA, > 600 MVA), by Countries (South Africa, Nigeria, Kenya, Rest of Africa) And Competitive Landscape
Product Code: ETC055997 | Publication Date: Jul 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Africa Transformer Market is projected to grow over the coming years. Africa Transformer Market is a part of our various regional publications globally. 6W tracks the Transformer Market for over 60 countries with individual country-wise market opportunity assessments and publishes the report titled Global Transformer Market outlook report annually.
Africa Transformer Market report thoroughly covers the market by Core, Product, Winding, Application, Cooling, Phase, Rating, and Countries. 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 Transformer Market is expected to project significant growth during the forecast period on account of the rising construction sector. The growing urbanization backed by an upsurging population is driving the demand for electricity further propelling the Africa Transformer Market Growth. The rising demand for transformers owing to the increasing industrialization beholds the growth of Africa Transformer Market Share. Rising penetration towards the development of smart grids coupled with aging infrastructure is driving the growth of the industry. Growing awareness regarding the development of renewable energy systems owing to surging carbon emissions is driving the growth of the Transformer market in Africa. Population explosion coupled with rising demand for energy is also accelerating the demand for transformers.
According to 6Wresearch, the Africa Transformer Market size is projected to register growth during 2021-2027. Increasing adoption of electric vehicles owing to the government's favorable norms is driving the growth of the market. Additionally, the rising awareness regarding the installation of renewable energy triggers the potential Growth of Africa Transformer Market Revenue. However, the global pandemic has declined the growth of almost every industry. The health emergency caused by COVID-19 hampered the growth of the Transformer Market in Africa owing to the delay in upcoming projects. The market is expected to re-gain its growth during the forecast period owing to the resumption of development projects.
Based on product, the distribution segment is anticipated to project a significant share owing to the expansion of transmission and distribution projects. Growing industrialization and urbanization are also adding to the growth of the Transformer Market in Africa.
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The report provides a detailed analysis of the following market segments: