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) And Competitive Landscape
Product Code: ETC014269 | Publication Date: Oct 2020 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Philippines Transformer market currently, in 2023, has witnessed an HHI of 3053, Which has increased slightly as compared to the HHI of 1805 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Philippines Transformer Market report thoroughly covers the market by Core, Product, Winding, application, Cooling, Rating and Phase. 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.
Philippines Transformer Market is anticipated to project substantial growth during the forecast period owing to the rising development in the construction sector. The surging population backed by increasing electricity demand is driving the Philippines Transformer Market Growth. Additionally, the growing consciousness among consumers regarding the adoption of electric vehicles is also driving the development of the market. The government is also taking initiatives to improve the existing power grid infrastructure which is further driving the Philippines Transformer Market Share.
According to 6Wresearch, the Philippines Transformer Market size is projected to register a growth rate (CAGR) of 6.2% during 2024-2030. One of the primary drivers of the transformer market in the Philippines is the growing electricity demand. The power sector in the country has seen huge investments to improve its infrastructure and generate greater power capacity. The rising population and the industrialization of the country have resulted in a surge in power consumption particularly in the commercial and industrial sectors. The Philippines government is keen on developing local manufacturing capabilities by encouraging local companies to undertake manufacturing partnerships with foreign companies to deliver quality products efficiently.
One of the major challenges faced by the transformer market in the Philippines is the lack of skilled labor. The need for proper training and certification of transformer technicians and other professionals makes the use of widely available resources like psychologists and other experts necessary. There are also challenges in the supply chain where companies have experienced reduced production due to inconsistent raw materials and delayed shipments from suppliers worldwide. The lack of finished products is also a challenge for the market, and local production is one of the strategies to address this.ย
The Philippines Transformer market is quite diverse with many key players such as Mitsubishi Electric, TMEIC (Toshiba Mitsubishi Electric Industry Corporation), Delta Transformers, and Power Grid Consolidation Co. The industry is constantly growing with new entrants showing up to tap into the growing demand for transformers. Many local emerging companies have begun to specialize in the manufacturing of substation and distribution transformers. Power Transformer manufacturers such as REE, Philippines Carabao Energy and Nickel Industries have been in the top list of companies within the country, which has increased productivity and also supplementation of revenue by the export of transformers to nearby countries identifying that their capabilities are evolving.
The Philippines government has recently established policies to develop the energy industry in the country's long-term power plan. The following are some of the government regulations that have boosted the Philippines transformer market. The government's long-term power plan, which provides a roadmap for the energy sector and sets out the Philippine energy policy for the coming years. Enabled cleaner energy generation through solar, biomass, wind, and hydroelectric power resources and encouraged firms to consider sustainable development for renewable energy utilization in manufacturing. Encourages energy efficient designs and improving the appliances necessary for energy consumption for more energy saving in homes and other related circumstances.ย ย
According to Ravi Bhandari, Research Head, 6Wresearch, the distribution Transformer segment accounted for a significant share and is expected to lead the market during the upcoming years as well.
The report provides a detailed analysis of the following market segments:
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 Philippines Transformer Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Transformer Market Revenues & Volume, 2020 & 2030F |
3.3 Philippines Transformer Market - Industry Life Cycle |
3.4 Philippines Transformer Market - Porter's Five Forces |
3.5 Philippines Transformer Market Revenues & Volume Share, By Core, 2020 & 2030F |
3.6 Philippines Transformer Market Revenues & Volume Share, By Product, 2020 & 2030F |
3.7 Philippines Transformer Market Revenues & Volume Share, By Winding, 2020 & 2030F |
3.8 Philippines Transformer Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.9 Philippines Transformer Market Revenues & Volume Share, By Cooling, 2020 & 2030F |
3.10 Philippines Transformer Market Revenues & Volume Share, By Insulation, 2020 & 2030F |
3.11 Philippines Transformer Market Revenues & Volume Share, By Phase, 2020 & 2030F |
4 Philippines Transformer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Transformer Market Trends |
6 Philippines Transformer Market, By Types |
6.1 Philippines Transformer Market, By Core |
6.1.1 Overview and Analysis |
6.1.2 Philippines Transformer Market Revenues & Volume, By Core, 2020 - 2030F |
6.1.3 Philippines Transformer Market Revenues & Volume, By Closed, 2020 - 2030F |
6.1.4 Philippines Transformer Market Revenues & Volume, By Shell, 2020 - 2030F |
6.1.5 Philippines Transformer Market Revenues & Volume, By Berry, 2020 - 2030F |
6.2 Philippines Transformer Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Philippines Transformer Market Revenues & Volume, By Power transformer, 2020 - 2030F |
6.2.3 Philippines Transformer Market Revenues & Volume, By Distribution transformer, 2020 - 2030F |
6.2.4 Philippines Transformer Market Revenues & Volume, By Instrument transformer, 2020 - 2030F |
6.2.5 Philippines Transformer Market Revenues & Volume, By Others, 2020 - 2030F |
6.3 Philippines Transformer Market, By Winding |
6.3.1 Overview and Analysis |
6.3.2 Philippines Transformer Market Revenues & Volume, By Two-winding, 2020 - 2030F |
6.3.3 Philippines Transformer Market Revenues & Volume, By Auto-transformer, 2020 - 2030F |
6.4 Philippines Transformer Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Philippines Transformer Market Revenues & Volume, By Residential & Commercial, 2020 - 2030F |
6.4.3 Philippines Transformer Market Revenues & Volume, By Utility, 2020 - 2030F |
6.4.4 Philippines Transformer Market Revenues & Volume, By Industrial, 2020 - 2030F |
6.5 Philippines Transformer Market, By Cooling |
6.5.1 Overview and Analysis |
6.5.2 Philippines Transformer Market Revenues & Volume, By Dry type, 2020 - 2030F |
6.5.3 Philippines Transformer Market Revenues & Volume, By Oil Immersed, 2020 - 2030F |
6.6 Philippines Transformer Market, By Insulation |
6.6.1 Overview and Analysis |
6.6.2 Philippines Transformer Market Revenues & Volume, By Gas, 2020 - 2030F |
6.6.3 Philippines Transformer Market Revenues & Volume, By Oil, 2020 - 2030F |
6.6.4 Philippines Transformer Market Revenues & Volume, By Solid, 2020 - 2030F |
6.6.5 Philippines Transformer Market Revenues & Volume, By Air, 2020 - 2030F |
6.6.6 Philippines Transformer Market Revenues & Volume, By Others, 2020 - 2030F |
6.7 Philippines Transformer Market, By Phase |
6.7.1 Overview and Analysis |
6.7.2 Philippines Transformer Market Revenues & Volume, By Single phase, 2020 - 2030F |
6.7.3 Philippines Transformer Market Revenues & Volume, By 3 - phase, 2020 - 2030F |
6.8 Philippines Transformer Market, By Rating |
6.8.1 Overview and Analysis |
6.8.2 Philippines Transformer Market Revenues & Volume, By ? 10 MVA, 2020 - 2030F |
6.8.3 Philippines Transformer Market Revenues & Volume, By 11 MVA to 60 MVA, 2020 - 2030F |
6.8.4 Philippines Transformer Market Revenues & Volume, By > 600 MVA, 2020 - 2030F |
6.8.5 Philippines Transformer Market Revenues & Volume, By > 600 MVA, 2020 - 2030F |
7 Philippines Transformer Market Import-Export Trade Statistics |
7.1 Philippines Transformer Market Export to Major Countries |
7.2 Philippines Transformer Market Imports from Major Countries |
8 Philippines Transformer Market Key Performance Indicators |
9 Philippines Transformer Market - Opportunity Assessment |
9.1 Philippines Transformer Market Opportunity Assessment, By Core, 2020 & 2030F |
9.2 Philippines Transformer Market Opportunity Assessment, By Product, 2020 & 2030F |
9.3 Philippines Transformer Market Opportunity Assessment, By Winding, 2020 & 2030F |
9.4 Philippines Transformer Market Opportunity Assessment, By Application, 2020 & 2030F |
9.5 Philippines Transformer Market Opportunity Assessment, By Cooling, 2020 & 2030F |
9.6 Philippines Transformer Market Opportunity Assessment, By Insulation, 2020 & 2030F |
9.7 Philippines Transformer Market Opportunity Assessment, By Phase, 2020 & 2030F |
9.7 Philippines Transformer Market Opportunity Assessment, By Rating, 2020 & 2030F |
10 Philippines Transformer Market - Competitive Landscape |
10.1 Philippines Transformer Market Revenue Share, By Companies, 2023 |
10.2 Philippines Transformer Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |