Myanmar Transformer Market (2024-2030) | Companies, Forecast, Analysis, Size, Value, Outlook, Share, Trends, Growth, Revenue & Industry

Topics Covered in Myanmar Transformer Market Report

Myanmar 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.

Myanmar Transformer Market Synopsis

Myanmar Transformer Market has been experiencing prominent growth and this market is more likely to attain more growth during the forecast period on the back of the rapid modernization of industries like construction, energy, and telecommunication, rising renewable energy sources, and initiatives taken by the government of the nation.

According to 6Wresearch, Myanmar Transformer Market size is projected to rise at a CAGR of 7.6% during 2024-2030. The transformer market in Myanmar has seen a massive surge in demand with the rapid modernization of industries such as telecommunication, construction, and energy. With the increase in renewable energy sources, there is an enormous demand for high-quality transformers, which are essential components that help with function control of the entire electrical system. The government of Myanmar has enacted several infrastructure activities, including building hydro-power electrical grids. These projects drive up demand for transformers used in energy generation, distribution, and transmission.

The transformer market in Myanmar is still in its early stages of development and is yet to reach its full potential. As a result, the industry faces various challenges, including inadequate infrastructure, lack of standardization measures, and the shortage of skilled workforce, which has led to quality issues. Furthermore, the industry faces stiff competition from Chinese manufacturers, who offer transformers at lower prices than local manufacturers.

Transformer Market in Myanmar: Key Players

There is an ever-increasing number of manufacturers of transformers in Myanmar, with local companies holding a large share of the market. Some of the top key players in the transformer market include Global Treasure International Limited, YCDC, Myanma Electric Power Enterprise (MEPE), and Asia General Electrical-Machine & Transformer Co., Ltd (AGET). These companies specialize in the manufacture of both dry-type and oil-immersed transformers.

Myanmar Transformer Industry: Government Initiatives

In Myanmar, transformers are subject to sectoral governance by the Ministry of Electric Power and the Department of Energy. They are responsible for issuing licenses, setting standards, and regulating prices. The government is currently putting in place regulatory frameworks to govern the manufacturing, import, and use of transformers. In addition, the government has initiated initiatives to promote the energy sector, such as the Myanmar Sustainable Energy Development Plan (MSEDP), which aims to generate 6,000 MW of current electricity by 2030 through increased use of renewable sources.

Market Segmentation by Core

Closed-core transformers are the most common type in Myanmar and they are growing effortlessly, but shell-core and berry-core transformers are gaining popularity in certain applications.

Market Segmentation by Product

According to Sumit, Senior Research Analyst, at 6Wresearch, power transformers are the most important product category in this market, followed by distribution transformers and instrument transformers.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Myanmar Transformer Market Outlook
• Market Size of Myanmar Transformer Market, 2023
• Forecast of Myanmar Transformer Market, 2030
• Historical Data and Forecast of Myanmar Transformer Revenues & Volume for the Period 2020 - 2030
• Myanmar Transformer Market Trend Evolution
• Myanmar Transformer Market Drivers and Challenges
• Myanmar Transformer Price Trends
• Myanmar Transformer Porter's Five Forces
• Myanmar Transformer Industry Life Cycle
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Core for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Closed for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Shell for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Berry for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Product for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Power transformer for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Distribution transformer for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Instrument transformer for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Winding for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Two-winding for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Auto-transformer for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Application for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Residential & Commercial for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Utility for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Industrial for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Cooling for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Dry type for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Oil Immersed for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Insulation for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Gas for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Oil for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Solid for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Air for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Phase for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Single phase for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By 3 - phase for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By Rating for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By ? 10 MVA for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By 11 MVA to 60 MVA for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By 61 MVA to 600 MVA for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Transformer Market Revenues & Volume By > 600 MVA for the Period 2020 - 2030
• Myanmar 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
• Myanmar Transformer Top Companies Market Share
• Myanmar Transformer Competitive Benchmarking By Technical and Operational Parameters
• Myanmar Transformer Company Profiles
• Myanmar Transformer Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

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

Myanmar Transformer Market (2024-2030): FAQs