APAC Transformer Market size is estimated to grow significantly during the forecast period, according to a latest forecast report by Graphical Research.
The Asia Pacific industry will observe an upsurge on account of rising electricity demand together with increasing adoption of advanced transmission and distribution networks. Rapid industrialization & urbanization along with large-scale incorporation of renewable generation sources will positively stimulate the industry scenario. Moreover, strict government standards to implement safe, reliable, and effective electrical equipment will foster the business landscape.
Closed core transformer market will witness a significant rise owing to growing inclination toward smart power grid network along with rising emphasis for safe and secure systems. Applicability of these units across medium and low sized grid networks coupled with increasing digital transformation across regions including India and South Korea will improve the business landscape. Ability to provide mechanical efficiency, limited flow leakages, lower failure levels and operational versatility will further propel the product demand.
Ongoing energy efficiency requirement across industrial, commercial and residential sector will augment the Asia Pacific distribution transformer industry. Large-scale extension of high voltage networks favored by rising demand for power grid stability will further propel the product demand. Favorable government schemes and regulations including tariff schemes, net metering and grant-based domestic renewable energy networks will complement the industry landscape.
Browse detailed statistical insights from the report, “Asia Pacific Transformer Market Size By Core (Closed, Shell, Berry), By Product (Distribution Transformer, Power Transformer, Instrument Transformer), By Insulation (Gas, Oil, Solid, Air), By Phase (Three, Single), By Rating (≤ 10 MVA, 11 To 60 MVA, 61 To 600 MVA, > 600 MVA), By Mounting (Pad, Pole, PC/PCB), By Application (Residential & Commercial, Utility, Industrial), Industry Analysis Report, Country Outlook (China, India, Australia, Japan, South Korea), Price Trends, Competitive Market Share & Forecast, 2021 – 2027” along with the table of contents (ToC) @
< 10 MVA transformers will observe an upsurge on account of increase in power consumption across commercial and residential establishments. For instance, In November 2018, ABB launched ABB Ability TXper digital dry-type transformer which includes data analytics processing units, data storage hardware, integrated cloud-based system, temperature sensors, monitoring and control devices. In addition, Introduction of IOT-based software to overcome the electricity losses and enhance the power efficiency will fuel the product adoption.
Pole-mounted transformers will observe a significant growth on account of its compact size, ease of installation and low maintenance cost. Ability of these units to minimize the risk of damage to animals & people and vandalism will further accelerate the product demand. In addition, continued modernization, and extension of energy delivery networks of the industrial and manufacturing sectors will lead to product adoption.
The Australia transformer market is anticipated to witness substantial growth on account of government efforts to increase renewable energy share across the overall energy mix. In addition, ongoing public initiatives, and investments along with growing development of power generation and distribution sector will complement the industry scenario. For instance, extending the hydro grid of the Snowy Mountains to 500,000 households, the Federal Government is preparing to strengthen the Australian electricity supply. Increasing government projects including refurbishment of existing T&D infrastructure followed by introduction of renewable based power plants.
Major players are focusing on innovative technology design to install eco-friendly units which will fuel the industry landscape. Major leading players operational in market includes Siemens, ABB, Mitsubishi Electric, Toshiba, Schneider Electric, GE, Kirloskar Electric, Hyundai Heavy industries, Swastik Copper, Kotsons and among others.
The APAC 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 Core
Asia Pacific Market, By Product
- Distribution Transformer
- Power Transformer
- Instrument Transformer
Asia Pacific Market, By Winding
- Two Winding
- Auto Transformer
Asia Pacific Market, By Installation
Asia Pacific Market, By Cooling
- Dry Type
- Oil Immersed
- Water cooled
- Forced Oil
Asia Pacific Market, By Insulation
Asia Pacific Market, By Phase
Asia Pacific Market, By Rating
- ≤ 10 MVA
- 11 to 60 MVA
- 61 MVA to 600 MVA
- > 600 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 Korea