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: ETC014284 | Publication Date: Oct 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Bahrain Transformer market currently, in 2023, has witnessed an HHI of 1944, Which has decreased substantially as compared to the HHI of 5236 in 2017. The market is moving towards moderately competitive. 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.
Bahrain 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.
Bahrain Transformer Market is accomplishing faster growth and it is projected that the market will continue to accomplish major success in the years to come as there are many factors that contribute to the strong growth of this market. Factors that are driving the Bahrain transformers Market Growth include the country’s infrastructure, the rise in demand for electricity, the government’s efforts to boost its energy production capacity as well as enhanced power grid efficiency.
According to 6Wresearch, Bahrain Transformer Market size is expected to register a CAGR of 6.4% during 2025-2031. Bahrain's infrastructure, particularly its power sector, has witnessed a remarkable transformation over the last decade. With the country's demand for electricity expected to grow, the government has been proactive in boosting the nation's energy production capacity. This has led to a surge in the demand for transformers, which are vital components in the transmission and distribution of electricity. Moreover, Bahrain is aiming to reduce energy losses and improve the efficiency of its power grid, which is another key driver of transformer market growth.
Despite the growth in demand for transformers, the market in Bahrain has faced some challenges. One such challenge is the availability of skilled labor. While Bahrain's education system is well-developed, there is still a shortage of skilled professionals who can design, develop, and maintain transformers. Another challenge is competition from cheaper alternatives from other Asian countries. However, the government is taking steps to tackle these issues and attract more investments and foreign expertise.
Bahrain's transformer market is dominated by a few major players who have established a strong presence in the region. These players include Siemens AG, ABB, and Areva T&D. These companies have been consistent in providing high-quality transformers to Bahrain's electrical grid and have also contributed to the development of the local economy.
The Bahrain government has played a significant role in developing the transformer market in Bahrain. The government launched the National Renewable Energy Action Plan, which aims to achieve 10% of the country's energy mix from renewable sources by 2025. Additionally, the government has formed strategic partnerships with countries in the Gulf Cooperation Council (GCC) to help diversify the country's economy and attract foreign investments in the transformer industry.
According to Dhaval, Research Manager, 6Wresearch, power and distribution transformers are the most significant product segments that will continue to dominate the market as the country continues to develop its infrastructural facilities. However, the increasing implementation of smart technologies, and the growth of specific industries like the telecommunications industry, are expected to grow the instrument transformer and 'others' product segments, respectively.
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 Bahrain Transformer Market Overview |
3.1 Bahrain Country Macro Economic Indicators |
3.2 Bahrain Transformer Market Revenues & Volume, 2021 & 2031F |
3.3 Bahrain Transformer Market - Industry Life Cycle |
3.4 Bahrain Transformer Market - Porter's Five Forces |
3.5 Bahrain Transformer Market Revenues & Volume Share, By Core, 2021 & 2031F |
3.6 Bahrain Transformer Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Bahrain Transformer Market Revenues & Volume Share, By Winding, 2021 & 2031F |
3.8 Bahrain Transformer Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Bahrain Transformer Market Revenues & Volume Share, By Cooling, 2021 & 2031F |
3.10 Bahrain Transformer Market Revenues & Volume Share, By Insulation, 2021 & 2031F |
3.11 Bahrain Transformer Market Revenues & Volume Share, By Phase, 2021 & 2031F |
4 Bahrain Transformer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bahrain Transformer Market Trends |
6 Bahrain Transformer Market, By Types |
6.1 Bahrain Transformer Market, By Core |
6.1.1 Overview and Analysis |
6.1.2 Bahrain Transformer Market Revenues & Volume, By Core, 2021 - 2031F |
6.1.3 Bahrain Transformer Market Revenues & Volume, By Closed, 2021 - 2031F |
6.1.4 Bahrain Transformer Market Revenues & Volume, By Shell, 2021 - 2031F |
6.1.5 Bahrain Transformer Market Revenues & Volume, By Berry, 2021 - 2031F |
6.2 Bahrain Transformer Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Bahrain Transformer Market Revenues & Volume, By Power transformer, 2021 - 2031F |
6.2.3 Bahrain Transformer Market Revenues & Volume, By Distribution transformer, 2021 - 2031F |
6.2.4 Bahrain Transformer Market Revenues & Volume, By Instrument transformer, 2021 - 2031F |
6.2.5 Bahrain Transformer Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Bahrain Transformer Market, By Winding |
6.3.1 Overview and Analysis |
6.3.2 Bahrain Transformer Market Revenues & Volume, By Two-winding, 2021 - 2031F |
6.3.3 Bahrain Transformer Market Revenues & Volume, By Auto-transformer, 2021 - 2031F |
6.4 Bahrain Transformer Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Bahrain Transformer Market Revenues & Volume, By Residential & Commercial, 2021 - 2031F |
6.4.3 Bahrain Transformer Market Revenues & Volume, By Utility, 2021 - 2031F |
6.4.4 Bahrain Transformer Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.5 Bahrain Transformer Market, By Cooling |
6.5.1 Overview and Analysis |
6.5.2 Bahrain Transformer Market Revenues & Volume, By Dry type, 2021 - 2031F |
6.5.3 Bahrain Transformer Market Revenues & Volume, By Oil Immersed, 2021 - 2031F |
6.6 Bahrain Transformer Market, By Insulation |
6.6.1 Overview and Analysis |
6.6.2 Bahrain Transformer Market Revenues & Volume, By Gas, 2021 - 2031F |
6.6.3 Bahrain Transformer Market Revenues & Volume, By Oil, 2021 - 2031F |
6.6.4 Bahrain Transformer Market Revenues & Volume, By Solid, 2021 - 2031F |
6.6.5 Bahrain Transformer Market Revenues & Volume, By Air, 2021 - 2031F |
6.6.6 Bahrain Transformer Market Revenues & Volume, By Others, 2021 - 2031F |
6.7 Bahrain Transformer Market, By Phase |
6.7.1 Overview and Analysis |
6.7.2 Bahrain Transformer Market Revenues & Volume, By Single phase, 2021 - 2031F |
6.7.3 Bahrain Transformer Market Revenues & Volume, By 3 - phase, 2021 - 2031F |
6.8 Bahrain Transformer Market, By Rating |
6.8.1 Overview and Analysis |
6.8.2 Bahrain Transformer Market Revenues & Volume, By ? 10 MVA, 2021 - 2031F |
6.8.3 Bahrain Transformer Market Revenues & Volume, By 11 MVA to 60 MVA, 2021 - 2031F |
6.8.4 Bahrain Transformer Market Revenues & Volume, By > 600 MVA, 2021 - 2031F |
6.8.5 Bahrain Transformer Market Revenues & Volume, By > 600 MVA, 2021 - 2031F |
7 Bahrain Transformer Market Import-Export Trade Statistics |
7.1 Bahrain Transformer Market Export to Major Countries |
7.2 Bahrain Transformer Market Imports from Major Countries |
8 Bahrain Transformer Market Key Performance Indicators |
9 Bahrain Transformer Market - Opportunity Assessment |
9.1 Bahrain Transformer Market Opportunity Assessment, By Core, 2021 & 2031F |
9.2 Bahrain Transformer Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Bahrain Transformer Market Opportunity Assessment, By Winding, 2021 & 2031F |
9.4 Bahrain Transformer Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Bahrain Transformer Market Opportunity Assessment, By Cooling, 2021 & 2031F |
9.6 Bahrain Transformer Market Opportunity Assessment, By Insulation, 2021 & 2031F |
9.7 Bahrain Transformer Market Opportunity Assessment, By Phase, 2021 & 2031F |
9.7 Bahrain Transformer Market Opportunity Assessment, By Rating, 2021 & 2031F |
10 Bahrain Transformer Market - Competitive Landscape |
10.1 Bahrain Transformer Market Revenue Share, By Companies, 2024 |
10.2 Bahrain Transformer Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |