APAC Power Transformer Market size is expected to grow rapidly from 2021 to 2027, according to a latest forecast report by Graphical Research.
The Asia Pacific industry will witness an upsurge on account of rapid industrialization and incorporation of large-scale renewable sources. Growing demand for safe, reliable, and effective electrical equipment will foster the business scenario. In addition, rising demand for efficient transformers across T&D infrastructure will sway the industry outlook.
Closed core-based power transformer market will observe a significant rise owing to paradigm shift toward smart grid adoption as well as rising emphasis on safe and secure systems. The application of these transformers across low and medium-sized grid networks in conjunction with increasing digital transformation will improve the industry landscape. In addition, continued modernization, and extension of energy delivery networks of the industrial and manufacturing sectors will propel the product adoption.
Pole-mounted transformers will witness a significant rise owing to acceptable size and mass, and easier installation on single poles and larger units. This ability minimizes the risk of damage to animals, people and vandalism. In addition, high durability with their design when exposed to harsh environmental conditions will further fuel the product adoption.
Browse detailed statistical insights from the report, “Asia Pacific Power Transformer Market Size By Winding (Two Winding, Auto-Transformer), By Core (Closed, Shell, Berry), By Installation (Outdoor, Indoor), By Cooling (Dry Type, Oil Immersed), By Insulation (Gas, Oil, Solid, Air), By Phase (Three Phase, Single Phase), By Rating (< 100 MVA, 101 MVA to 500 MVA, 501 MVA to 800 MVA, > 800 MVA), By Mounting (Pad, Pole, PC/PCB), By Application (Residential & Commercial, Utility, Industrial), Research Report, Country Outlook (China, India, Australia, Japan, South Korea), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027” along with the table of contents (ToC) @
The ongoing convergence with the energy efficiency requirements will promote the industrial transformer industry. In the recent scenario, large-scale extension of ultra-high voltage networks assisted by gas isolated transmission lines have created a favorable demand for these unit. Net integration of incentive, tariff schemes and grant-based domestic renewable energy networks have guided the need for balanced electricity supply.
India power transformer market will register a lucrative growth due to rising renewable integration across the power grid sector along with refurbishment of T&D infrastructure. For instance, in 2019 Government of India, introduced an updated plan 'One Nation One Grid' to provide affordable power across all states that has led to a rise in power transformer acceptance. Moreover, ongoing developments across healthcare infrastructure followed by rapid investment toward remote transmission network will boost the market demand.
Ongoing mergers & acquisitions and strategic partnerships among the prominent manufacturers to install advanced transformer units will fuel the market expansion. Eminent players are focusing toward cutting edge technology design to deploy eco-friendly units will fuel the business landscape. Major leading players operational in market includes Siemens, Toshiba, GE, Kirloskar Electric, Mitsubishi Electric, Hyundai Heavy Industries, Celme, Schneider, Hitachi ABB Power Grids and BHEL amongst the others
The APAC power transformer market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD billion from 2016 to 2027 for the following segments:
Asia Pacific Market, By Winding
- Two Winding
- Auto-Transformer Roll-in
Asia Pacific Market, By Core
Asia Pacific Market, By Installation
Asia Pacific Market, By Cooling
Asia Pacific Market, By Insulation
Asia Pacific Market, By Phase
Asia Pacific Market, By Rating
- < 100 MVA
- 101 MVA to 500 MVA
- 501 MVA to 800 MVA
- > 800 MVA
Asia Pacific Market, By Mounting
Asia Pacific Market, By Application
- Residential & Commercial
The above information has been provided for the following countries:
- Asia Pacific
- South Kore