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 (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest of Asia) And Competitive Landscape
Product Code: ETC056827 | Publication Date: Dec 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 28 | |
Asia Pacific 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.
Asia Pacific Transformer Market is anticipated to gain momentum during the upcoming years due to increasing industry demand. The rising expansion of transmission and distribution is expected to drive the Asia Pacific Transformer Market. Moreover, a growing number of new installations of transmission is driving the development of the market. The rising up-gradation towards highly efficient and economical technology also propels the demand for transformers.
According to 6Wresearch, the Asia Pacific Transformer Market size is projected to register a CAGR of 4.8% during 2024-2030. Rising demand for electricity backed by the installation of new renewable energy triggers the potential growth of the Asia Pacific Transformer Market Revenue. Favourable government norms towards adopting renewable energy are driving the growth of the Asia Pacific Transformer Market Share. However, the outburst of coronavirus has halted the ongoing projects and put a pause on upcoming projects owing to the nationwide lockdown. Delay in the implementation of projects in the region is also one of the restraining factors in the growth of the market.
An increasing number of new installations are also adding to the development of the industry. Surging demand for electricity coupled with the rising deployment of energy efficiency is propelling the growth of the market. One of the significant challenges is government regulations. The transformer market is highly regulated, and manufacturers must comply with government regulations to ensure the safety and reliability of transformers. Regulations also impact the cost of manufacturing, which can impact the overall cost of transformers.
The Asia Pacific transformer market is dominated by a few key players, with the top 10 manufacturers accounting for a majority of the market share. Some of the leading companies in the Asia Pacific transformer market include ABB Ltd., Siemens AG, Crompton Greaves Limited, Bharat Heavy Electricals Limited, and Toshiba Corporation. These companies are constantly innovating and investing in research and development to improve the efficiency and reliability of transformers. These key players have been helping boost the Asia Pacific Transformer Market Growth.
The governments of various Asia Pacific countries have implemented regulations that are aimed at ensuring the quality and safety of transformers. For example, in India, transformers must meet the Bureau of Indian Standards (BIS) regulations, which lay down the minimum safety and performance requirements for transformers. Similarly, in China, manufacturers must comply with the national standards for transformer production, which cover everything from design and manufacturing to testing and quality control.
On the basis of product, the Distribution segment is anticipated to register substantial growth during the upcoming years owing to the rising urbanization and industrialization further leading to the expansion of the transformer market.
According to Moksh, Senior Research Analyst, 6Wresearch, China is expected to dominate the overall Asia Pacific Transformer Market Growth owing to surging demand for energy.
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 Asia Pacific Transformer Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Transformer Market Revenues & Volume, 2020 & 2030F |
3.3 Asia Pacific Transformer Market - Industry Life Cycle |
3.4 Asia Pacific Transformer Market - Porter's Five Forces |
3.5 Asia Pacific Transformer Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Asia Pacific Transformer Market Revenues & Volume Share, By Core, 2020 & 2030F |
3.7 Asia Pacific Transformer Market Revenues & Volume Share, By Product, 2020 & 2030F |
3.8 Asia Pacific Transformer Market Revenues & Volume Share, By Winding, 2020 & 2030F |
3.9 Asia Pacific Transformer Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.10 Asia Pacific Transformer Market Revenues & Volume Share, By Cooling, 2020 & 2030F |
3.11 Asia Pacific Transformer Market Revenues & Volume Share, By Phase, 2020 & 2030F |
3.12 Asia Pacific Transformer Market Revenues & Volume Share, By Rating, 2020 & 2030F |
4 Asia Pacific Transformer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Transformer Market Trends |
6 Asia Pacific Transformer Market, 2020 - 2030 |
6.1 Asia Pacific Transformer Market, Revenues & Volume, By Countries, 2020 - 2030 |
6.2 Asia Pacific Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
6.3 Asia Pacific Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
6.4 Asia Pacific Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
6.5 Asia Pacific Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
6.6 Asia Pacific Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
6.7 Asia Pacific Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
6.8 Asia Pacific Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
7 China Transformer Market, 2020 - 2030 |
7.1 China Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
7.2 China Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
7.3 China Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
7.4 China Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
7.5 China Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
7.6 China Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
7.7 China Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
8 India Transformer Market, 2020 - 2030 |
8.1 India Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
8.2 India Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
8.3 India Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
8.4 India Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
8.5 India Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
8.6 India Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
8.7 India Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
9 Japan Transformer Market, 2020 - 2030 |
9.1 Japan Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
9.2 Japan Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
9.3 Japan Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
9.4 Japan Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
9.5 Japan Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
9.6 Japan Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
9.7 Japan Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
10 Australia Transformer Market, 2020 - 2030 |
10.1 Australia Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
10.2 Australia Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
10.3 Australia Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
10.4 Australia Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
10.5 Australia Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
10.6 Australia Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
10.7 Australia Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
11 Indonesia Transformer Market, 2020 - 2030 |
11.1 Indonesia Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
11.2 Indonesia Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
11.3 Indonesia Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
11.4 Indonesia Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
11.5 Indonesia Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
11.6 Indonesia Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
11.7 Indonesia Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
12 Philippines Transformer Market, 2020 - 2030 |
12.1 Philippines Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
12.2 Philippines Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
12.3 Philippines Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
12.4 Philippines Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
12.5 Philippines Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
12.6 Philippines Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
12.7 Philippines Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
13 Thailand Transformer Market, 2020 - 2030 |
13.1 Thailand Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
13.2 Thailand Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
13.3 Thailand Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
13.4 Thailand Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
13.5 Thailand Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
13.6 Thailand Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
13.7 Thailand Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
14 Malaysia Transformer Market, 2020 - 2030 |
14.1 Malaysia Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
14.2 Malaysia Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
14.3 Malaysia Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
14.4 Malaysia Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
14.5 Malaysia Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
14.6 Malaysia Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
14.7 Malaysia Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
15 Singapore Transformer Market, 2020 - 2030 |
15.1 Singapore Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
15.2 Singapore Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
15.3 Singapore Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
15.4 Singapore Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
15.5 Singapore Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
15.6 Singapore Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
15.7 Singapore Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
16 Rest of Asia Transformer Market, 2020 - 2030 |
16.1 Rest of Asia Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
16.2 Rest of Asia Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
16.3 Rest of Asia Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
16.4 Rest of Asia Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
16.5 Rest of Asia Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
16.6 Rest of Asia Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
16.7 Rest of Asia Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
17 Asia Pacific Transformer Market Key Performance Indicators |
18 Asia Pacific Transformer Market - Opportunity Assessment |
18.1 Asia Pacific Transformer Market Opportunity Assessment, By Countries, 2020 & 2030F |
18.2 Asia Pacific Transformer Market Opportunity Assessment, By Core, 2020 & 2030F |
18.3 Asia Pacific Transformer Market Opportunity Assessment, By Product, 2020 & 2030F |
18.4 Asia Pacific Transformer Market Opportunity Assessment, By Winding, 2020 & 2030F |
18.5 Asia Pacific Transformer Market Opportunity Assessment, By Application, 2020 & 2030F |
18.6 Asia Pacific Transformer Market Opportunity Assessment, By Cooling, 2020 & 2030F |
18.7 Asia Pacific Transformer Market Opportunity Assessment, By Phase, 2020 & 2030F |
18.8 Asia Pacific Transformer Market Opportunity Assessment, By Rating, 2020 & 2030F |
19 Asia Pacific Transformer Market - Competitive Landscape |
19.1 Asia Pacific Transformer Market Revenue Share, By Companies, 2023 |
19.2 Asia Pacific Transformer Market Competitive Benchmarking, By Operating and Technical Parameters |
20 Company Profiles |
21 Recommendations |
22 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 (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest of Asia) And Competitive Landscape
Product Code: ETC056827 | Publication Date: Jul 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific Transformer Market is projected to grow over the coming years. Asia Pacific 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.
Asia Pacific 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.
Asia Pacific Transformer Market is anticipated to gain momentum during the upcoming years increasing demand from industries. The rising expansion of transmission and distribution is expected to drive Asia Pacific Transformer Market Growth. Moreover, a growing number of new installations of transmission is driving the development of the market. The rising up-gradation towards highly efficient and economical technology is also propelling the demand for transformers. Furthermore, the government is also putting efforts in order to develop the smart grid is also proliferating the Asia Pacific Transformer Market Share. An increasing number of new installations are also adding to the development of the industry. Surging demand for electricity coupled with the rising deployment of energy efficiency is propelling the growth of the market.
According to 6Wresearch, the Asia Pacific Transformer Market size is projected to register growth during 2021-2027. Rising demand for electricity backed by the installation of new renewable energy triggers the potential growth of the Asia Pacific Transformer Market Revenue. Favorable government norms towards the adoption of renewable energy are driving the growth of the Asia Pacific Transformer Market Share. However, the outburst of coronavirus has halted the ongoing projects and put a pause on upcoming projects owing to the nationwide lockdown. Delay in the implementation of projects in the region is also one of the restraining factors in the growth of the market.
On the basis of product, the Distribution segment is anticipated to register substantial growth during the upcoming years owing to the rising urbanization and industrialization further leading to the expansion of the transformer market.
Based on country, China is expected to dominate the overall Asia Pacific Transformer Market Growth owing to surging demand for energy.
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The report provides a detailed analysis of the following market segments: