Market by Type, Technology, Phase, Voltage, End-user, and Country | Forecast 2021-2028
As mentioned in Triton’s report, the Asia-Pacific dry type transformer market is predicted to display growth in its revenue at a CAGR of 6.20% during the evaluated phase of 2021-2028.
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The countries examined in this
market include:
• India
• China
• Japan
• Australia & New Zealand
• South Korea
• ASEAN countries
• Rest of Asia-Pacific
Over the years, China has
observed a substantial surge in demand for electricity, owing to economic
growth and rapid industrialization activities. Coal has been the primary source
of electricity in these years, leading to the rise in pollution levels. Hence,
to reduce carbon emissions, the government has banned the construction of new
coal-fired power plants at specific locations. Moreover, they have introduced a
national emission cap. This has put significant pressure on the power sector,
propelling the demand for renewable energy generation. Furthermore, the country
plans to keep the capacity of coal-fired power plants below 1100 and increase
the adoption of smart grids. Hence, these developments are likely to positively
impact the dry type transformer market over the next few years.
Furthermore, South Korea is
among the leading importers of energy. Out of the total primary energy
consumption, the majority comes from liquid fossil fuels, followed by coal and
natural gas. The government intends to reduce greenhouse gas emissions by
implementing energy conservation measures, along with the use of renewable
energy resources. Therefore, the growth in demand for renewable energy sources
is estimated to enhance the demand for dry type transformers for various
applications, thereby motivating the development of South Korea’s dry type
transformer market.
Fuji Electric Co Ltd is an
electrical equipment manufacturer. Its business segments include power
electronics systems energy, electronic devices, F&B distribution, power
generation, etc. The company offers cast resin dry type transformers under its
brand name Moltra. Besides, its comprehensive product portfolio serves clients
across power, transportation, electronics, and social infrastructure sectors.
Fuji is headquartered in Tokyo, Japan.
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VIEW REPORT1. ASIA-PACIFIC
DRY TYPE TRANSFORMER MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. KEY
INSIGHTS
2.1.1. INCREASING
POPULARITY OF BIO-BASED AND NAPHTHENIC TRANSFORMER OIL
2.1.2. DETERIORATION
OF TRANSFORMER OIL DUE TO MOISTURE INGRESS
2.2. IMPACT
OF COVID-19 ON DRY TYPE TRANSFORMER MARKET
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF SUPPLIERS
2.3.4. BARGAINING
POWER OF BUYERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS MATRIX
2.5. REGULATORY
POLICIES & FRAMEWORK
2.6. VENDOR
SCORECARD
2.7. KEY
MARKET STRATEGIES
2.7.1. CONTRACTS
& PARTNERSHIPS
2.7.2. ACQUISITIONS
& MERGERS
2.7.3. NEW
PRODUCT LAUNCHES
2.8. MARKET
DRIVERS
2.8.1. SURGE
IN DOMESTIC DEMAND FOR POWER
2.8.2. GROWTH IN RENEWABLE ENERGY USE
2.8.3. INCREASING
ADOPTION OF SMART GRID AND GROWING SMART DISTRIBUTION NETWORKS
2.9. MARKET
CHALLENGES
2.9.1. ADOPTION
OF SOLID-STATE TRANSFORMERS
2.9.2. LIMITATIONS
OF DRY TYPE TRANSFORMERS
2.10. MARKET
OPPORTUNITIES
2.10.1. 3D
CORE DRY TYPE TRANSFORMER APPLICATIONS
2.10.2. DEVELOPMENT
OF DIGITAL DRY TRANSFORMERS
3. ASIA-PACIFIC
DRY TYPE TRANSFORMER MARKET - BY TYPE
3.1. DRY
TYPE CONVERTER TRANSFORMER
3.2. DRY
TYPE RECTIFIER TRANSFORMER
4. ASIA-PACIFIC
DRY TYPE TRANSFORMER MARKET - BY TECHNOLOGY
4.1. CAST
RESIN
4.2. VACUUM
PRESSURE IMPREGNATED
5. ASIA-PACIFIC
DRY TYPE TRANSFORMER MARKET - BY PHASE
5.1. SINGLE-PHASE
5.2. THREE-PHASE
6. ASIA-PACIFIC
DRY TYPE TRANSFORMER MARKET - BY VOLTAGE
6.1. LOW-VOLTAGE
6.2. MEDIUM-VOLTAGE
7. ASIA-PACIFIC
DRY TYPE TRANSFORMER MARKET - BY END-USER
7.1. INDUSTRIAL
7.1.1. MARINE
7.1.2. CHEMICAL
7.1.3. OIL
AND GAS
7.1.4. RENEWABLE
ENERGY GENERATION
7.1.5. RAILWAY
7.1.6. OTHERS
7.2. COMMERCIAL
7.3. OTHERS
8. ASIA-PACIFIC
DRY TYPE TRANSFORMER MARKET – REGIONAL OUTLOOK
8.1. COUNTRY
ANALYSIS
8.1.1. CHINA
8.1.2. JAPAN
8.1.3. INDIA
8.1.4. SOUTH
KOREA
8.1.5. ASEAN
COUNTRIES
8.1.6. AUSTRALIA
& NEW ZEALAND
8.1.7. REST
OF ASIA-PACIFIC
9. COMPETITIVE
LANDSCAPE
9.1. ABB
LTD
9.2. BHARAT
HEAVY ELECTRICALS LTD
9.3. CROMPTON
GREAVES LIMITED
9.4. EATON
CORPORATION PLC
9.5. FUJI
ELECTRIC CO LTD
9.6. GENERAL
ELECTRIC COMPANY
9.7. HAMMOND
POWER SOLUTIONS INC
9.8. HANLEY
ENERGY GCC
9.9. HITACHI
LTD
9.10. HYOSUNG
HEAVY INDUSTRIES
9.11. HYUNDAI
HEAVY INDUSTRIES CO LTD
9.12. KIRLOSKAR
ELECTRIC CO LTD
9.13. POWER
SP Z O O
9.14. SCHNEIDER
ELECTRIC
9.15. SIEMENS
AG
9.16. TBEA
CO LTD
9.17. VOLTAMP
TRANSFORMERS LTD.
9.18. WEG
GROUP
10. METHODOLOGY
& SCOPE
10.1. RESEARCH
SCOPE & DELIVERABLES
10.2. SOURCES
OF DATA
10.3. RESEARCH
METHODOLOGY
TABLE 1: ASIA-PACIFIC DRY TYPE
TRANSFORMER MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 2: MARKET ATTRACTIVENESS
MATRIX
TABLE 3: VENDOR SCORECARD
TABLE 4: LIST OF CONTRACTS
& PARTNERSHIPS
TABLE 5: LIST OF ACQUISITIONS
& MERGERS
TABLE 6: LIST OF NEW PRODUCT
LAUNCHES
TABLE 7: ASIA-PACIFIC DRY TYPE
TRANSFORMER MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC DRY TYPE
TRANSFORMER MARKET, BY TECHNOLOGY, 2021-2028 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC DRY TYPE
TRANSFORMER MARKET, BY PHASE, 2021-2028 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021-2028 (IN $ MILLION)
TABLE 11: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY END-USER, 2021-2028 (IN $ MILLION)
TABLE 12: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY INDUSTRIAL, 2021-2028 (IN $ MILLION)
TABLE 13: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
FIGURE 1: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 2: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY TYPE, 2020 & 2028 (IN %)
FIGURE 3: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY DRY TYPE CONVERTER TRANSFORMER, 2021-2028 (IN $
MILLION)
FIGURE 4: ASIA-PACIFIC DRY TYPE
TRANSFORMER MARKET, BY DRY TYPE RECTIFIER TRANSFORMER, 2021-2028 (IN $ MILLION)
FIGURE 5: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY TECHNOLOGY, 2020 & 2028 (IN %)
FIGURE 6: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY CAST RESIN, 2021-2028 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY VACUUM PRESSURE IMPREGNATED, 2021-2028 (IN $
MILLION)
FIGURE 8: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY PHASE, 2020 & 2028 (IN %)
FIGURE 9: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY SINGLE-PHASE, 2021-2028 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY THREE-PHASE, 2021-2028 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY VOLTAGE, 2020 & 2028 (IN %)
FIGURE 12: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY LOW-VOLTAGE, 2021-2028 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY MEDIUM-VOLTAGE, 2021-2028 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY END-USER, 2020 & 2028 (IN %)
FIGURE 15: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY INDUSTRIAL, 2021-2028 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY MARINE, 2021-2028 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY CHEMICAL, 2021-2028 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY OIL AND GAS, 2021-2028 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY RENEWABLE ENERGY GENERATION, 2021-2028 (IN $
MILLION)
FIGURE 20: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY RAILWAY, 2021-2028 (IN $ MILLION)
FIGURE 21: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)
FIGURE 22: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY COMMERCIAL, 2021-2028 (IN $ MILLION)
FIGURE 23: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)
FIGURE 24: ASIA-PACIFIC DRY
TYPE TRANSFORMER MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 25: CHINA DRY TYPE
TRANSFORMER MARKET 2021-2028 (IN $ MILLION)
FIGURE 26: JAPAN DRY TYPE
TRANSFORMER MARKET 2021-2028 (IN $ MILLION)
FIGURE 27: INDIA DRY TYPE
TRANSFORMER MARKET 2021-2028 (IN $ MILLION)
FIGURE 28: SOUTH KOREA DRY
TYPE TRANSFORMER MARKET 2021-2028 (IN $ MILLION)
FIGURE 29: ASEAN COUNTRIES DRY
TYPE TRANSFORMER MARKET 2021-2028 (IN $ MILLION)
FIGURE 30: AUSTRALIA & NEW
ZEALAND DRY TYPE TRANSFORMER MARKET 2021-2028 (IN $ MILLION)
FIGURE 31: REST OF ASIA-PACIFIC
DRY TYPE TRANSFORMER MARKET 2021-2028 (IN $ MILLION)