Bangladesh Transformer Market Outlook (2022-2028) | Share, Trends, Size, Forecast, Companies, Analysis, Industry, Growth, Value, Revenue & COVID-19 IMPACT
Market Forecast By Type (Single Phase-oil, Three Phase-oil, Dry), By KVA Ratings (For Single Phase-oil) (10 KVA, 15 KVA, 25 KVA, 37.5 KVA, 50 KVA), By KVA Ratings (For Three Phase-oil) (50 KVA - 15 MVA), By KVA Ratings (For Dry) (Upto 500 KVA, 630-2500 KVA, Above 2500 KVA), By Applications (Government, Private), By Regions (Northern region, Southern region, Central region) And Competitive Landscape
| Product Code: ETC014272 | Publication Date: Mar 2022 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 84 | No. of Figures: 22 | No. of Tables: 11 |
Bangladesh Transformer Market report thoroughly covers the transformer market by types, KVA ratings, applications and regions. The report provides an unbiased and detailed analysis of the on-going 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.
Bangladesh Transformer Market Synopsis
The market would register significant growth in revenues owing to increasing power consumption and growing renewable energy production. Three phase oil transformers would be the fastest growing segment. The government has increased its power budget under the 8th Five Year Plan and is constantly working to upgrade the transmission and distribution infrastructure of the country and expand its grid system with plans like the Power System Master Plan and Energy Efficiency and Conservation Master Plan 2030.
Due to the outbreak of COVID-19 pandemic, the market has registered a minimal decline of 5-10% as most of the projects of the government are pre- scheduled and continued as usual. However, the demand from private sector registered a decline in the year 2020.
According to 6Wreaserch, Bangladesh Transformer Market revenue size is projected to grow at a CAGR of 6.8% during 2022-2028F. The Bangladesh government has implemented programmes to improve the power supply network in the country, with plans like Power System Master Plan 2016 and Energy Efficiency and Conservation Master Plan 2030 that is focussed towards increasing the electricity generation capacity of the country over the coming years which would create ample opportunities for power & distribution transformers market in Bangladesh. The government plans to generate 4100 MW of electricity through renewable sources by 2030 from current capacity of 780 MW in 2021. The upcoming construction projects such as Rooppur Nuclear Power Plant, Padma Bridge, Dhaka Metro among many others require the installation of transformers to achieve higher efficiency for meeting the increased electricity consumption thereby driving the aforesaid market over the forthcoming period.
Bangladesh Transformer Market Analysis, By types
In terms of market revenue share by types, ‘three phase oil transformers have captured around 69% of the market revenues for the year 2021 as power utilities are the largest buyers of transformers in Bangladesh and three phase oil transformers are mostly used for distribution purposes in urban areas.
Bangladesh Transformer Market Analysis, By private vs government application
The government segment accounted for around 72% of the market revenue share for the year 2021 owing to the large number of ongoing power distribution network expansion projects throughout Bangladesh in order to achieve 100 percent electricity coverage targets. However, the burgeoning construction sector coupled with the development of commercial, industrial and healthcare sectors would bolster the demand from the private sector over the coming years.
Bangladesh Transformer Market Analysis, By regions
Central region held the maximum revenue share in the overall market for the year 2021 owing to the presence of large-scale industrial and commercial projects in Dhaka. Some of the ongoing projects such as the Dhaka metro rail project, Padma Rail Link project and the development of textile industry, hotel chains and hospitals in the central region would bolster the demand for transformers in the central region on account of the requirement of continuous power supply for all these developments.
Key Players in the Bangladesh Transformer Industry
The power sector in Bangladesh is primarily government-owned. The Bangladesh Power Development Board (BPDB) is the main authority for the generation, transmission and distribution of power in the country. However, there has been an increase in private companies entering the market. These companies have increased the demand for transformers in the country. Interpretation Ltd., a local company, is one of the key players in the transformer market. The company manufactures both power and distribution transformers and provides maintenance services to its clients. Other players include BHEL, ABB, Crompton Greaves, and Siemens. These companies have a significant role to play in Bangladesh Transformer Market Growth.
Transformer Market in Bangladesh: Government Regulations
The government is encouraging local manufacturing of transformers to decrease the dependence on imports, promote local industrialization and create employment opportunities. The Bangladesh government has offered tax incentives for new transformer manufacturing companies. This has attracted investment to the country, with companies such as Vision Transformers and Electricals and H.T. Switchgear pursuing these opportunities. One notable project in the transformer industry is the construction of the Rooppur Nuclear Power Plant in the northwestern part of the country. The nuclear power plant is expected to generate 2,400 MW of electricity and will require a large number of transformers. Toshiba is one of the companies contracted to provide transformers for the power plant.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2018 to 2021.
- Base Year: 2021
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Bangladesh Transformer Market Size
- Bangladesh Transformer Market Outlook
- Bangladesh Transformer Market Forecast
- Bangladesh Transformer Market Growth
- Historical Data and Forecast of Bangladesh Transformer Market Revenues for the Period 2018-2028F
- Historical Data and Forecast of Revenues, By Types, KVA Ratings, Applications and Regions for the Period 2018-2028F
- Market Drivers and Restraints
- Bangladesh Transformer Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Bangladesh Transformer Market Share Ranking, By Company
- Bangladesh Transformer Market – Impact of COVID-19
- Bangladesh Transformer Market – Analysis of Domestic Production and Imports
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
- By Type
- Single Phase-oil
- Three Phase-oil
- Dry
- By KVA Ratings (For Single Phase-oil)
- 10 KVA
- 15 KVA
- 25 KVA
- 5 KVA
- 50 KVA
- By KVA Ratings (For Three Phase-oil)
- 50 KVA - 15 MVA
- 50 KVA - 15 MVA
- By KVA Ratings (For Dry)
- Upto 500 KVA
- 630-2500 KVA
- Above 2500 KVA
- By Applications
- Government
- Private
- By Regions
- Northern region
- Southern region
- Central region
Bangladesh Transformer Market: FAQs
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
The Bangladesh Transformer Market revenue is anticipated to record a CAGR of 6.8% during 2022-28.
Three phase oil transformers have captured the key market share owing to their large usage for power distribution by utilities like DESCO, NESCO, WZPDC, DPDC etc..
Central region would record key growth throughout the forecast period 2022-28.
The key players of the market include- Energypac Engineering Limited, Powermann Bangladesh Limited, TS Transformers Limited, Bengal Telecommunication & Electric Corp. (Pvt.) Ltd. Etc.
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1. Executive Summary |
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2. Introduction |
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2.1. Report Description |
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2.2. Key Highlights of the Report |
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2.3. Market Scope & Segmentation |
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2.4. Research Methodology |
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2.5. Assumptions |
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3. Bangladesh Transformer Market Overview |
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3.1. Bangladesh Transformer Market Revenues and Volume (2018-2028F) |
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3.2. Bangladesh Transformer Market Industry Life Cycle |
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3.3. Bangladesh Transformer Market Value Chain & Ecosystem |
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3.4. Bangladesh Transformer Market Porter’s Five Forces Model |
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3.5. Bangladesh Transformer Market Revenue and Volume Share, By Types (2021 & 2028F) |
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3.6. Bangladesh Transformer Market Revenue and Volume Share, By KVA Ratings (2021 & 2028F) |
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3.7. Bangladesh Transformer Market Revenue and Volume Share, By Private vs Government (2021 & 2028F) |
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3.8. Bangladesh Transformer Market Revenue Share, By Regions (2021 & 2028F) |
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4. Impact Analysis of COVID-19 on Bangladesh Transformer Market |
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5 Bangladesh Transformer Market Dynamics |
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5.1. Impact Analysis |
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5.2. Market Drivers |
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5.3. Market Restraints |
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6. Bangladesh Transformer Market Trends |
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7. Bangladesh Transformer Market Price Trend Analysis |
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8. Bangladesh Transformer Market Overview |
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8.1. Bangladesh Transformer Market Revenues and Volume, By types, (2018-28F) |
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8.1.1 Bangladesh Transformer Market Revenues and Volume, By Single Phase-Oil, (2018-28F) |
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8.1.2 Bangladesh Transformer Market Revenues and Volume, By Three Phase-Oil (2018-28F) |
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8.1.3 Bangladesh Transformer Market Revenues and Volume, By Dry (2018-28F) |
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8.2. Bangladesh Single Phase Transformer Market Revenues and Volume, By Types, (2018-28F) |
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8.2.1. Bangladesh Single Phase Transformer Market Revenues and Volume, By 10 KVA, (2018-28F) |
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8.2.2. Bangladesh Single Phase Transformer Market Revenues and Volume, By 15 KVA, (2018-28F) |
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8.2.3. Bangladesh Single Phase Transformer Market Revenues and Volume, By 25 KVA, (2018-28F) |
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8.2.4. Bangladesh Single Phase Transformer Market Revenues and Volume, By 37.5 KVA, (2018-28F) |
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8.2.5. Bangladesh Single Phase Transformer Market Revenues and Volume, By 50 KVA, (2018-28F) |
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8.3. Bangladesh Three Phase Transformer Market Revenues and Volume, By Types, (2018-28F) |
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8.3.1 Bangladesh Single Phase Transformer Market Revenues and Volume, By 50 KVA-15 MVA, (2018-28F) |
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8.4. Bangladesh Dry Transformer Market Revenues and Volume, By types, (2018-28F) |
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8.4.1 Bangladesh Single Phase Transformer Market Revenues and Volume, By Up to 500 KVA, (2018-28F) |
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8.4.2 Bangladesh Single Phase Transformer Market Revenues and Volume, By 630-2500 KVA, (2018-28F) |
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8.4.3 Bangladesh Single Phase Transformer Market Revenues and Volume, By Above 2500 KVA, (2018-28F |
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9. Bangladesh Transformer Market Overview, By Regions |
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9.1 Bangladesh Transformer Market Revenues, By Northern Region, (2018-28F) |
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9.2 Bangladesh Transformer Market Revenues, By Southern Region, (2018-28F) |
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9.3 Bangladesh Transformer Market Revenues, By Central Region, (2018-28F) |
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10. Bangladesh Transformer Market Overview, By Private vs Government |
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10.1 Bangladesh Transformer Market Revenues, By Private, (2018-28F) |
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10.2 Bangladesh Transformer Market Revenues, By Government, (2018-28F) |
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11. Bangladesh Transformer Market Domestic Production Analysis |
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12. Bangladesh Transformer Market Import Statistics Analysis |
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13. Bangladesh Transformer Market Key Performance Indicators |
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14. Bangladesh Transformer Market Opportunity Assessment |
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14.1 Bangladesh Transformer Market Opportunity Assessment, By Types |
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14.2 Bangladesh Transformer Market Opportunity Assessment, By Regions |
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15. Bangladesh Transformer Market - Competitive Landscape |
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15.1 Bangladesh Transformer Market Revenue Share/Revenue Share Ranking, By Top 3 Manufacturers/Companies (2021) |
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15.2 Bangladesh Transformer Market Top 5 Manufacturers Competitive Key Information |
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16. Company Profiles |
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16.1 Energypac Engineering Ltd. |
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16.2 Bengal Telecommunication & Electric Corp. (Pvt.) Ltd. |
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16.3 Powermann Bangladesh Limited |
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16.4 General Electric Manufacturing Company Limited |
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16.5 TS Transformers Limited |
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16.6 POWERtrac Group |
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16.7 Electro Power Engineering Ltd |
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16.8 Vicar Electricals Ltd |
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16.9. EDISON Power Bangladesh Ltd. |
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16.10 Transpower Engineering Limited |
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17. Key Strategic Recommendations |
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18. Disclaimer |
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List of Figures |
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Figure 1. Bangladesh Transformer Market Revenues and Volume, 2018-2028F (USD Million, Thousand Units) |
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Figure 2. Bangladesh Transformer Market Revenue Share, By Types, 2021 & 2028F |
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Figure 3. Bangladesh Transformer Market Volume Share, By Types, 2021 & 2028F |
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Figure 4. Bangladesh Single Phase (Oil) Transformer Market Revenue Share, By KVA Ratings, 2021 & 2028F |
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Figure 5. Bangladesh Single Phase (Oil) Transformer Market Volume Share, By KVA Ratings, 2021 & 2028F |
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Figure 6. Bangladesh Dry Transformer Market Revenue Share, By KVA Ratings, 2021 & 2028F |
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Figure 7. Bangladesh Dry Transformer Market Volume Share, By KVA Ratings, 2021 & 2028F |
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Figure 8. Bangladesh Transformer Market Revenue Share, By Government vs Private, 2021 & 2028F |
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Figure 9. Bangladesh Transformer Market Volume Share, By Government vs Private, 2021 & 2028F |
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Figure 10. Bangladesh Transformer Market Revenue Share, By Regions, 2021 & 2028F |
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Figure 11. Bangladesh Power Demand and Power Generation Projections, 2021-2041F (in MW) |
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Figure 12. Bangladesh Renewable Power Production Capacity(in MW), 2021 vs 2030F |
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Figure 13. Bangladesh Renewable Power Production Capacity, By Sources, 2021 vs 2030F |
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Figure 14. Copper Grade A Cathode, LME Spot Price, CIF European Ports (In US $ per metric ton), Dec’2018-Dec’2021 |
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Figure 15. Bangladesh Average Selling Price Trends for Transformers, 2018-28F (in USD) |
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Figure 16. Bangladesh Transformer Market, Domestic Production Vs Import Percentage Share for Revenues, 2020 |
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Figure 17. Bangladesh Eighth Plan ADP Allocations for Power & Energy Sector (Taka Billion FY2021 Constant Prices) |
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Figure 18. Bangladesh Transmission Line Connected to Power System Network, 2021-25F (Circuit Km) |
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Figure 19. Bangladesh Distribution Line Connected to Power System Network, 2021-25F (Km) |
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Figure 20. Bangladesh Transformer Market Opportunity Assessment, By Type, 2028F |
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Figure 21. Bangladesh Transformer Market Opportunity Assessment, By Regions, 2028F |
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Figure 22. Bangladesh Transformer Market Revenue Share Ranking, By Companies (2021) |
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Figure 23. Bangladesh Share of Renewables In Total Power Generation along with renewable power generation capacity(in MW), 2021 Vs 2030F |
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List of tables |
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Table 1. Bangladesh Transformer Market Revenues, By Types, 2018-2028F (USD Million) |
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Table 2. Bangladesh Transformer Market Volume, By Types, 2018-2028F (Thousand Units) |
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Table 3. Bangladesh Single Phase (Oil) Transformer Market Revenues, By KVA Ratings, 2018-2028F (USD Million) |
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Table 4. Bangladesh Single Phase (Oil) Transformer Market Volume, By KVA Ratings, 2018-2028F (Thousand Units) |
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Table 5. Bangladesh Three Phase (Oil) Transformer Market Revenues, By KVA Ratings, 2018-2028F (USD Million) |
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Table 6. Bangladesh Three Phase (Oil) Transformer Market Volume, By KVA Ratings, 2018-2028F (Thousand Units) |
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Table 7. Bangladesh Dry Transformer Market Revenues, By KVA Ratings, 2018-2028F (USD Million) |
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Table 8. Bangladesh Dry Transformer Market Volume, By KVA Ratings, 2018-2028F (Units) |
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Table 9. Bangladesh Transformer Market Revenues, By Regions, 2018-2028F (USD Million) |
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Table 10. Bangladesh Transformer Market Revenues, By Private vs Government, 2018-2028F (USD Million) |
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Table 11. Bangladesh Transformer Market Volume, By Private vs Government, 2018-2028F (Thousand Units) |
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Table 12. Bangladesh Transformer Market, Domestic Production vs Import Revenue Split, 2020 (in USD Million) |
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Table 13. Bangladesh Transformer Imports, By Types, 2020 (USD Million) |
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Table 14. Bangladesh Upcoming Power Generation Projects Summary, As of 2021 |
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: ETC014272 | Publication Date: Oct 2020 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Bangladesh Transformer Market is projected to grow over the coming years. Bangladesh Transformer Market report is a part of our periodical regional publication Asia Pacific Transformer Market outlook report. 6W tracks transformer market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Transformer Market outlook report annually.
Key Highlights of the Report:
- Bangladesh Transformer Market Outlook
- Market Size of Bangladesh Transformer Market, 2019
- Forecast of Bangladesh Transformer Market, 2026
- Historical Data and Forecast of Bangladesh Transformer Revenues & Volume for the Period 2016 - 2026
- Bangladesh Transformer Market Trend Evolution
- Bangladesh Transformer Market Drivers and Challenges
- Bangladesh Transformer Price Trends
- Bangladesh Transformer Porter's Five Forces
- Bangladesh Transformer Industry Life Cycle
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Core for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Closed for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Shell for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Berry for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Product for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Power transformer for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Distribution transformer for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Instrument transformer for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Others for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Winding for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Two-winding for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Auto-transformer for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Application for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Residential & Commercial for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Utility for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Industrial for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Cooling for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Dry type for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Oil Immersed for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Insulation for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Gas for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Oil for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Solid for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Air for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Others for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Phase for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Single phase for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By 3 - phase for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By Rating for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By ? 10 MVA for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By 11 MVA to 60 MVA for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By 61 MVA to 600 MVA for the Period 2016 - 2026
- Historical Data and Forecast of Bangladesh Transformer Market Revenues & Volume By > 600 MVA for the Period 2016 - 2026
- Bangladesh Transformer Import Export Trade Statistics
- Market Opportunity Assessment By Core
- Market Opportunity Assessment By Product
- Market Opportunity Assessment By Winding
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By Cooling
- Market Opportunity Assessment By Insulation
- Market Opportunity Assessment By Phase
- Market Opportunity Assessment By Rating
- Bangladesh Transformer Top Companies Market Share
- Bangladesh Transformer Competitive Benchmarking By Technical and Operational Parameters
- Bangladesh Transformer Company Profiles
- Bangladesh Transformer Key Strategic Recommendations
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