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APAC Power Transformer Market is witnessing a substantial growth from 2020 to 2026

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According to the Graphical Research new growth forecast report titled “APAC Power Transformer Market Size By Core (Closed, Shell, Berry), By Winding (Two Winding, Auto-Transformer), 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 To 500 MVA, 501 To 800 MVA, > 800 MVA), By Mounting (Pad, Pole, PC/PCB), By Application (Residential & Commercial, Utility, Industrial), Industry Analysis Report, Country Outlook (China, India, Australia, Japan, South Korea)”, to Outpace by 2026.

APAC power transformer market will witness growth owing to rising electricity demand followed by ongoing industrialization and urbanization. Rapid development of existing electrical grid structure coupled with ongoing integration of advanced technological units will positively sway the industry scenario. Additionally, increasing public investments toward adoption of renewable energy sources to reduce rising GHG emissions will boost the business outlook.

Auto-transformer units is anticipated to grow on account of their ability to minimize ohmic/core losses as well as to offer improved voltage regulation across the grid structure. Light weight and compact size along with low cost when compared with its available alternatives will further enhance the product adoption. Furthermore, integration of smart monitoring devices to prevent system failures will improve the reliability and security of these units, thereby complementing the APAC power transformer market scenario.

Increasing demand for gas operated power transformers on account of high efficiency, low carbon emission and minimal power hazard problems will fuel product demand. In addition, ongoing installation of high powered grid networks across the region will positively sway the technology adoption. Moreover, growing consumer inclination toward gas insulated transformers will enhance the deployment of these units across cement, oil & gas and offshore renewable powered projects.

Pole mounted APAC power transformer market is anticipated to witness substantial growth on account of far-away load centers across the unstructured power distribution sector. Easy installation on electrical pole structures followed by reasonably compact size with minimum vandalism and risk will further propel the product adoption. Ability of these transformers to operate effectively across rural and urban residential & commercial loads will positively sway the technology adoption.

Closed core power transformers will observe substantial growth on account of improved productivity when compared to its available counterparts and their economical cost structure. Additionally, high-end product versality along with shifting commercial & industrial inclination toward adoption of advance monitoring technologies will positively stimulate the business scenario. Furthermore, ongoing expansion of electrical grid networks together with installation of ultra-high-power HVAC & HVDC transmission lines will complement the technology adoption.

South Korea power transformers market will observe growth on account of rising integration of high-powered electricity grid networks along with ongoing penetration of renewable energy resources. Moreover, increasing government efforts toward installation of new electrical transmission lines coupled with rising electrification rate will boost the industry landscape. Furthermore, increasing number of transmission and distribution projects followed by growing demand for replacement of conventional transformers units will fuel the product demand.

Major players across the industry are focusing toward integration of smart technologies and digital solutions to install energy efficient systems across the power sector. Leading players operating across APAC power transformer market includes Siemens, ABB, Schneider Electric, General Electric, Kirloskar Electric, Mitsubishi Electric, Toshiba, Hyundai Heavy Industries, Hyosung Heavy Industries, BHEL, TBEA, Grant Transformers, CG Power, Flanagan Transformers amongst others.