Oil Immersed Power Transformer Market by Installation (Pad-Mounted, Pole-Mounted, Substation Installation), Voltage (Low, Medium, High), Phase, End User (Industrial, Residential & Commercial, Utilities) and Region - Global Forecast to 2028
The global market for oil immersed power transformers is poised for substantial growth, with a projected trajectory reaching USD 28.3 billion by the year 2028. This represents a noteworthy increase from the estimated value of USD 21.2 billion in 2023, reflecting a steady Compound Annual Growth Rate (CAGR) of 6.0% over the period spanning from 2023 to 2028. Several factors contribute to this robust growth, with a key driver being the escalating global energy demand observed in recent years, which has become a primary catalyst for the surge in electricity consumption. The surge in energy demand is fueled by a variety of sectors, with the industrial sector emerging as a principal force behind the heightened need for oil-immersed power transformers. The industrial sector's substantial contribution is attributed to increased industrialization, manufacturing activities, and infrastructure development across diverse regions. As industries expand and modernize, the demand for efficient and reliable electrical power distribution systems, of which oil immersed power transformers are a crucial component, experiences a corresponding uptick. Beyond the industrial sector, significant contributions to the heightened demand for oil-immersed power transformers come from the commercial, service, and residential sectors. The commercial sector, encompassing various businesses and enterprises, relies heavily on stable and continuous power supply to support operations. The service sector, including healthcare, education, and hospitality, also contributes to the increased demand for electricity. Moreover, the residential sector, driven by population growth and urbanization, necessitates reliable power distribution for homes and communities.
The strategic role of oil immersed power transformers in efficiently stepping up or stepping down voltage levels, along with their ability to provide effective cooling and insulation, positions them as indispensable components within power distribution and transmission systems. The transformers play a crucial role in maintaining the reliability and stability of electrical grids, ensuring the seamless flow of electricity across diverse sectors of the economy. As the global energy landscape evolves, factors such as the integration of renewable energy sources, advancements in smart grid technology, and a focus on energy efficiency are expected to further influence the demand for oil immersed power transformers. Additionally, the increasing emphasis on modernization and upgrading of aging power infrastructure in various regions contributes to the sustained growth of the market.
“High voltage segment, by voltage, to be fastest growing market from 2023 to 2028.”
The high voltage segment is anticipated to experience the fastest growth in the power transformer market from 2023 to 2028. This surge is attributed to the increasing demand for medium voltage power transformers in applications such as industrial complexes, renewable energy projects, and urban infrastructure development. The 36-69 kV range strikes a balance between higher voltage transmission and local distribution needs, making it well-suited for diverse applications. The growing emphasis on efficient energy transmission and the integration of renewable energy sources into the grid are driving the demand for medium voltage transformers in this segment. Additionally, advancements in smart grid technology and the need for grid modernization further contribute to the accelerated growth of the high voltage class during this forecast period.
“Pad-mounted, by installation, to be the largest market from 2023 to 2028.”
The pad-mounted transformers, characterized by their installation at ground level within protective enclosures, are expected to dominate the power transformer market by insulation type from 2023 to 2028. This anticipated market leadership is primarily attributed to the rising demand for reliable and space-efficient solutions in urban and suburban settings. Pad-mounted transformers offer a compact and aesthetically pleasing alternative to traditional substation installations, making them ideal for areas where space constraints or aesthetic considerations are crucial. Moreover, their ease of maintenance and accessibility contribute to their popularity. The growing urbanization and infrastructural development projects worldwide are propelling the demand for these transformers, especially in residential and commercial areas. Additionally, advancements in solid insulation technologies, such as epoxy resin, contribute to enhanced performance, safety, and environmental sustainability, further driving the adoption of pad-mounted transformers in the forecast period.
“Asia Pacific to be largest and fastest growing region in oil immersed power transformer market.”
The Asia Pacific region is poised to emerge as the largest and fastest-growing market in the oil immersed power transformer sector from 2023 to 2028. This dominance is driven by a confluence of factors, including rapid industrialization, expanding urbanization, and robust infrastructure development across key economies in the region. As nations in Asia Pacific experience substantial growth in power demand, the need for efficient and reliable electrical transmission and distribution systems has intensified. Oil-immersed power transformers play a pivotal role in meeting these demands by providing effective voltage transformation and distribution. Additionally, governments in the region are investing significantly in upgrading and expanding their power infrastructure, further fueling the demand for these transformers. The Asia Pacific's commitment to incorporating renewable energy sources into the power grid, coupled with ongoing smart grid initiatives, contributes to the increased adoption of oil-immersed transformers. The region's burgeoning energy needs and ongoing modernization efforts position it as a pivotal market for the oil-immersed power transformer industry, fostering substantial growth and market leadership in the forecast period.
Breakdown of Primaries:
Important qualitative and quantitative data were gathered and verified, as well as future market prospects, through in-depth interviews with subject-matter experts, C-level executives of major market players, industry consultants, and other experts. The following is how the main interviews were dispersed:
By Company Type: Tier 1-45%, Tier 2-40%, and Tier 3-15%
By Designation: C-Level-35%, D-Level-25%, and Others-40%
By Region: North America–18%, Europe–15%, Asia Pacific–50%, Middle East & Africa–10%, and South America–7%
Note: “Others” include sales managers, engineers, and regional managers
The tiers of the companies are defined based on their total revenue as of 2022: Tier 1: >USD 1 billion, Tier 2: USD 500 million–1 billion, and Tier 3:
The market for oil immersed power transformers is primarily controlled by reputable international giants. In the industrial control transformer market, some of the leading companies are ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Mitsubishi Electric (Japan), Nissin Electric (Japan), CG Power and Industrial Solutions (India), Daihen Corp (Japan), Fuji Electric (Japan), Hyundai Electric & Energy Systems (South Korea), Hitachi (Japan), and a few more.
Research Coverage:
The report presents a comprehensive analysis of the oil immersed power transformers market, offering detailed definitions, descriptions, and forecasts based on various parameters. These parameters include Phase (Single, Three), Installation (Pad-mounted, Pole-mounted, Substation Installation), Voltage (Low, Medium, High), End-User (Industrial, Residential & Commercial, Utilities), and region (Asia Pacific, North America, Europe, Middle East and Africa, South America). The report conducts a thorough qualitative and quantitative examination of the oil immersed power transformer market, encompassing key drivers, limitations, opportunities, and challenges. Furthermore, it addresses critical aspects of the market, including an evaluation of the competitive landscape, analysis of market dynamics, value-based market estimates, and insights into future trends within the oil immersed power transformers market.
Key Benefits of Buying the Report
The report is meticulously crafted to cater to the needs of both established industry leaders and newcomers entering the oil immersed power transformers market. It offers reliable revenue forecasts for the entire market and its individual sub-segments, serving as a valuable resource for stakeholders to gain a comprehensive understanding of the competitive landscape. This data empowers stakeholders to formulate effective market strategies for their businesses. Additionally, the report acts as a conduit for stakeholders to comprehend the current state of the market, providing crucial insights into market drivers, limitations, challenges, and growth opportunities. By integrating these insights, stakeholders can make informed decisions and stay abreast of the ever-evolving dynamics within the oil immersed power transformers industry.
The strategic role of oil immersed power transformers in efficiently stepping up or stepping down voltage levels, along with their ability to provide effective cooling and insulation, positions them as indispensable components within power distribution and transmission systems. The transformers play a crucial role in maintaining the reliability and stability of electrical grids, ensuring the seamless flow of electricity across diverse sectors of the economy. As the global energy landscape evolves, factors such as the integration of renewable energy sources, advancements in smart grid technology, and a focus on energy efficiency are expected to further influence the demand for oil immersed power transformers. Additionally, the increasing emphasis on modernization and upgrading of aging power infrastructure in various regions contributes to the sustained growth of the market.
“High voltage segment, by voltage, to be fastest growing market from 2023 to 2028.”
The high voltage segment is anticipated to experience the fastest growth in the power transformer market from 2023 to 2028. This surge is attributed to the increasing demand for medium voltage power transformers in applications such as industrial complexes, renewable energy projects, and urban infrastructure development. The 36-69 kV range strikes a balance between higher voltage transmission and local distribution needs, making it well-suited for diverse applications. The growing emphasis on efficient energy transmission and the integration of renewable energy sources into the grid are driving the demand for medium voltage transformers in this segment. Additionally, advancements in smart grid technology and the need for grid modernization further contribute to the accelerated growth of the high voltage class during this forecast period.
“Pad-mounted, by installation, to be the largest market from 2023 to 2028.”
The pad-mounted transformers, characterized by their installation at ground level within protective enclosures, are expected to dominate the power transformer market by insulation type from 2023 to 2028. This anticipated market leadership is primarily attributed to the rising demand for reliable and space-efficient solutions in urban and suburban settings. Pad-mounted transformers offer a compact and aesthetically pleasing alternative to traditional substation installations, making them ideal for areas where space constraints or aesthetic considerations are crucial. Moreover, their ease of maintenance and accessibility contribute to their popularity. The growing urbanization and infrastructural development projects worldwide are propelling the demand for these transformers, especially in residential and commercial areas. Additionally, advancements in solid insulation technologies, such as epoxy resin, contribute to enhanced performance, safety, and environmental sustainability, further driving the adoption of pad-mounted transformers in the forecast period.
“Asia Pacific to be largest and fastest growing region in oil immersed power transformer market.”
The Asia Pacific region is poised to emerge as the largest and fastest-growing market in the oil immersed power transformer sector from 2023 to 2028. This dominance is driven by a confluence of factors, including rapid industrialization, expanding urbanization, and robust infrastructure development across key economies in the region. As nations in Asia Pacific experience substantial growth in power demand, the need for efficient and reliable electrical transmission and distribution systems has intensified. Oil-immersed power transformers play a pivotal role in meeting these demands by providing effective voltage transformation and distribution. Additionally, governments in the region are investing significantly in upgrading and expanding their power infrastructure, further fueling the demand for these transformers. The Asia Pacific's commitment to incorporating renewable energy sources into the power grid, coupled with ongoing smart grid initiatives, contributes to the increased adoption of oil-immersed transformers. The region's burgeoning energy needs and ongoing modernization efforts position it as a pivotal market for the oil-immersed power transformer industry, fostering substantial growth and market leadership in the forecast period.
Breakdown of Primaries:
Important qualitative and quantitative data were gathered and verified, as well as future market prospects, through in-depth interviews with subject-matter experts, C-level executives of major market players, industry consultants, and other experts. The following is how the main interviews were dispersed:
By Company Type: Tier 1-45%, Tier 2-40%, and Tier 3-15%
By Designation: C-Level-35%, D-Level-25%, and Others-40%
By Region: North America–18%, Europe–15%, Asia Pacific–50%, Middle East & Africa–10%, and South America–7%
Note: “Others” include sales managers, engineers, and regional managers
The tiers of the companies are defined based on their total revenue as of 2022: Tier 1: >USD 1 billion, Tier 2: USD 500 million–1 billion, and Tier 3:
The market for oil immersed power transformers is primarily controlled by reputable international giants. In the industrial control transformer market, some of the leading companies are ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Mitsubishi Electric (Japan), Nissin Electric (Japan), CG Power and Industrial Solutions (India), Daihen Corp (Japan), Fuji Electric (Japan), Hyundai Electric & Energy Systems (South Korea), Hitachi (Japan), and a few more.
Research Coverage:
The report presents a comprehensive analysis of the oil immersed power transformers market, offering detailed definitions, descriptions, and forecasts based on various parameters. These parameters include Phase (Single, Three), Installation (Pad-mounted, Pole-mounted, Substation Installation), Voltage (Low, Medium, High), End-User (Industrial, Residential & Commercial, Utilities), and region (Asia Pacific, North America, Europe, Middle East and Africa, South America). The report conducts a thorough qualitative and quantitative examination of the oil immersed power transformer market, encompassing key drivers, limitations, opportunities, and challenges. Furthermore, it addresses critical aspects of the market, including an evaluation of the competitive landscape, analysis of market dynamics, value-based market estimates, and insights into future trends within the oil immersed power transformers market.
Key Benefits of Buying the Report
The report is meticulously crafted to cater to the needs of both established industry leaders and newcomers entering the oil immersed power transformers market. It offers reliable revenue forecasts for the entire market and its individual sub-segments, serving as a valuable resource for stakeholders to gain a comprehensive understanding of the competitive landscape. This data empowers stakeholders to formulate effective market strategies for their businesses. Additionally, the report acts as a conduit for stakeholders to comprehend the current state of the market, providing crucial insights into market drivers, limitations, challenges, and growth opportunities. By integrating these insights, stakeholders can make informed decisions and stay abreast of the ever-evolving dynamics within the oil immersed power transformers industry.
- Analysis of key drivers (Investments in Grid Resilience and Modernization for a Sustainable Energy Landscape, The Vital Role of oil Immersed power transformer in Modernizing Energy Infrastructure, Integrating Renewable Energy for Sustainable Power Solutions), restraints (Balancing High Initial Investments and Environmental Concerns in Transformer Adoption for Sustainable Power Infrastructure, Ensuring the Reliability and Safety of Oil Immersed Power Transformers), opportunities (Innovations in Transformer Management, Eco-Friendly Solutions, and Smart Grid Technologies for a Sustainable Future, Role of Transformers in Power Grid Resilience and Sustainable Integration of Energy Storage Solutions), and challenges (Aging Infrastructure, Environmental Impact, Operational Stress, and Integration with Renewable Energy Sources, Addressing the Skilled Workforce Shortage for Sustainable Growth in the transformer market) influencing the growth of the oil Immersed power transformer market.
- Product Development/ Innovation: In the realm of the oil immersed power transformer market, product development and innovation stand as pivotal drivers shaping the industry's trajectory. As technological advancements continue to unfold, manufacturers are increasingly focusing on developing innovative products that offer enhanced performance, efficiency, and safety. These innovations often involve the integration of smart technologies, advanced materials, and eco-friendly insulation options to meet the evolving needs of the power distribution landscape. Additionally, ongoing research and development efforts are directed towards creating transformers that align with the growing demand for sustainable and environmentally conscious solutions. By leveraging cutting-edge technologies and novel design approaches, companies in the oil-immersed power transformer market aim to not only meet current industry standards but also stay ahead of the curve, providing customers with state-of-the-art solutions that contribute to the overall efficiency and reliability of power distribution systems. The emphasis on product development and innovation underscores the industry's commitment to staying responsive to changing market dynamics and driving continuous improvement in the performance and capabilities of oil-immersed power transformers.
- Market Development: Market development in the oil immersed power transformer sector is a dynamic process driven by efforts to explore and tap into new geographies. Companies within this market continually seek opportunities to expand their reach and cater to emerging demands. This may involve penetrating untapped regions. Market development strategies also extend to identifying and capitalizing on evolving industry trends, such as the integration of renewable energy sources and the modernization of power grids. By actively participating in market development, industry players can not only broaden their customer base but also adapt their offerings to align with the changing needs of diverse sectors. This strategic approach fosters sustained growth, fosters increased competitiveness, and positions companies to effectively navigate the evolving landscape of the oil-immersed power transformer market. Through targeted initiatives, collaborations, and strategic partnerships, market development becomes a crucial avenue for ensuring long-term success and relevance in this dynamic and vital segment of the power distribution industry.
- Market Diversification: Market diversification within the oil immersed power transformer industry involves a strategic expansion of product and service offerings to mitigate risks, tap into new revenue streams, and enhance overall resilience. Companies in this sector often explore opportunities to diversify by introducing a broader range of transformer types and voltages. This could include entering niche markets, adapting products for specialized uses, or expanding the portfolio to cater to a wider array of customer needs. By diversifying their offerings, companies can reduce dependence on a specific product or market segment, thereby enhancing their ability to withstand market fluctuations and economic uncertainties. Additionally, diversification can involve geographic expansion, reaching new regions or countries to tap into unique market demands. Successful market diversification strategies are rooted in a deep understanding of market trends, customer preferences, and technological advancements, allowing companies to position themselves as versatile and adaptive players in the dynamic landscape of the oil-immersed power transformer market. Ultimately, a well-executed diversification approach enables companies to navigate changing market dynamics, seize emerging opportunities, and fortify their position in a competitive industry.
- Competitive Assessment: A thorough assessment has been undertaken to examine the market presence, growth strategies, and service portfolios of key players in the oil immersed power transformer market. Prominent companies such as Eaton (Ireland), ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Mitsubishi Electric (Japan), and others have been subject to this analysis. The evaluation offers detailed insights into the competitive standings of these major players, shedding light on their initiatives to propel market growth and the spectrum of services they provide within the oil-immersed power transformer segment.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
TABLE 1 OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION
TABLE 2 OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE
TABLE 3 OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE
TABLE 4 OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER
TABLE 5 OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION
1.4 STUDY SCOPE
1.4.1 MARKETS COVERED
FIGURE 1 OIL-IMMERSED POWER TRANSFORMER MARKET SEGMENTATION
1.4.2 REGIONS COVERED
1.5 YEARS CONSIDERED
1.6 CURRENCY CONSIDERED
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primary interviews
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
2.1.3 SECONDARY AND PRIMARY RESEARCH
FIGURE 4 METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR
OIL-IMMERSED POWER TRANSFORMERS
2.2 RESEARCH LIMITATIONS
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
FIGURE 5 BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
FIGURE 6 TOP-DOWN APPROACH
2.3.3 DEMAND-SIDE ANALYSIS
2.3.3.1 Regional-level analysis
2.3.3.2 Country-level analysis
2.3.3.3 Demand-side assumptions
2.3.3.4 Demand-side calculations
2.3.4 SUPPLY-SIDE ANALYSIS
FIGURE 7 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF
OIL-IMMERSED POWER TRANSFORMERS
FIGURE 8 SUPPLY-SIDE ANALYSIS
2.3.4.1 Supply-side assumptions
2.3.4.2 Supply-side calculations
2.3.5 GROWTH FORECAST
2.4 RECESSION IMPACT ANALYSIS
2.5 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 9 DATA TRIANGULATION
3 EXECUTIVE SUMMARY
TABLE 6 OIL-IMMERSED POWER TRANSFORMER MARKET SNAPSHOT
FIGURE 10 ASIA PACIFIC DOMINATED MARKET IN 2022
FIGURE 11 PAD-MOUNTED SEGMENT TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 12 THREE PHASE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
FIGURE 13 HIGH VOLTAGE SEGMENT TO HAVE LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 14 TRANSMISSION SEGMENT TO EXHIBIT LARGEST MARKET SHARE (2023–2028)
FIGURE 15 UTILITIES SEGMENT TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN OIL-IMMERSED POWER TRANSFORMER MARKET
FIGURE 16 GROWING ENVIRONMENTAL CONCERNS AND URBANIZATION TO DRIVE MARKET
4.2 OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION
FIGURE 17 ASIA PACIFIC MARKET TO SHOWCASE HIGHEST CAGR DURING FORECAST PERIOD
4.3 OIL-IMMERSED POWER TRANSFORMER MARKET IN ASIA PACIFIC, BY PHASE AND COUNTRY, 2022
FIGURE 18 OUTDOOR SEGMENT AND CHINA ACCOUNTED FOR LARGEST MARKET SHARES IN ASIA PACIFIC, 2022
4.4 OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION
FIGURE 19 PAD-MOUNTED SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028
4.5 OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE
FIGURE 20 THREE PHASE SEGMENT TO HAVE LARGEST MARKET SHARE IN 2022
4.6 OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE
FIGURE 21 MEDIUM VOLTAGE SEGMENT TO HAVE HIGHEST SHARE IN 2022
4.7 OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER
FIGURE 22 UTILITIES SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2022
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 23 OIL-IMMERSED POWER TRANSFORMER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Modernization of energy infrastructure
FIGURE 24 EXPANSION OF ELECTRIC VEHICLE MARKET, 2016–2023
5.2.1.2 Incorporation of renewable energy for sustainable power solutions
FIGURE 25 RENEWABLE CAPACITY ADDITIONS, BY REGION, 2019–2021
5.2.2 RESTRAINTS
5.2.2.1 High initial investment
FIGURE 26 CHANGE IN ELECTRICITY DEMAND, BY REGION, 2019–2025
5.2.2.2 Safety compliance related to oil-immersed power transformers
5.2.3 OPPORTUNITIES
5.2.3.1 Innovations in transformer management and smart grid technologies
5.2.3.2 Integration of energy storage solutions into power grids
FIGURE 27 GLOBAL GDP GROWTH, 2010–2022
5.2.4 CHALLENGES
5.2.4.1 Aging infrastructure and other operational constraints
5.2.4.2 Shortage of skilled workforce
5.3 PORTER’S FIVE FORCES ANALYSIS
FIGURE 28 PORTER’S FIVE FORCES ANALYSIS
TABLE 7 PORTER’S FIVE FORCES ANALYSIS
5.3.1 THREAT OF SUBSTITUTES
5.3.2 BARGAINING POWER OF SUPPLIERS
5.3.3 BARGAINING POWER OF BUYERS
5.3.4 THREAT OF NEW ENTRANTS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 VALUE CHAIN ANALYSIS
FIGURE 29 VALUE CHAIN ANALYSIS
5.4.1 RAW MATERIAL PROVIDERS/SUPPLIERS
5.4.2 COMPONENT MANUFACTURERS
5.4.3 OIL-IMMERSED POWER TRANSFORMER MANUFACTURERS/ASSEMBLERS
5.4.4 DISTRIBUTORS
5.4.5 END USERS
5.4.6 POST-SALES SERVICES
5.5 TECHNOLOGY ANALYSIS
5.5.1 DIGITALIZATION
5.5.2 SUSTAINABLE TECHNOLOGIES
5.6 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 8 KEY CONFERENCES AND EVENTS, 2023–2024
5.7 ECOSYSTEM MAPPING
FIGURE 30 ECOSYSTEM MAPPING
TABLE 9 ROLE OF COMPANIES IN ECOSYSTEM
5.8 PATENT ANALYSIS
FIGURE 31 PATENT ANALYSIS
TABLE 10 PATENT ANALYSIS, 2020–2023
5.9 CASE STUDY ANALYSIS
5.9.1 OVERHEATING OF OIL-IMMERSED POWER TRANSFORMER AT MAPLE CREEK WIND FARM
5.9.1.1 Problem
5.9.1.2 Solution
5.9.2 OIL LEAK FROM POWER TRANSFORMER AT CENTRAL CITY SUBSTATION
5.9.2.1 Problem
5.9.2.2 Solution
5.9.3 AGING OF OIL-IMMERSED POWER TRANSFORMER AT BIG RIVER SUBSTATION
5.9.3.1 Problem
5.9.3.2 Solution
5.10 TRADE DATA ANALYSIS
5.10.1 TRADE ANALYSIS RELATED TO LIQUID DIELECTRIC TRANSFORMERS WITH POWER HANDLING CAPACITY <= 650 KVA
5.10.1.1 Import data
TABLE 11 IMPORT SCENARIO FOR HS CODE 850421, BY COUNTRY, 2020–2022 (USD)
5.10.1.2 Export data
TABLE 12 EXPORT SCENARIO FOR HS CODE 850421, BY COUNTRY, 2020–2022 (USD)
5.10.2 TRADE ANALYSIS RELATED TO LIQUID DIELECTRIC TRANSFORMERS WITH POWER HANDLING CAPACITY > 10,000 KVA
5.10.2.1 Import data
TABLE 13 IMPORT SCENARIO FOR HS CODE 850423, BY COUNTRY, 2020–2022 (USD)
5.10.2.2 Export data
TABLE 14 EXPORT SCENARIO FOR HS CODE 850423, BY COUNTRY, 2020–2022 (USD)
5.11 PRICING ANALYSIS
5.11.1 AVERAGE SELLING PRICE OF OIL-IMMERSED POWER TRANSFORMERS, BY VOLTAGE
TABLE 15 AVERAGE SELLING PRICE OF OIL-IMMERSED POWER TRANSFORMERS, BY VOLTAGE
5.11.2 AVERAGE SELLING PRICE OF OIL-IMMERSED POWER TRANSFORMERS, BY REGION
TABLE 16 AVERAGE SELLING PRICE OF OIL-IMMERSED POWER TRANSFORMERS, BY REGION (USD MILLION/UNIT)
FIGURE 32 AVERAGE SELLING PRICE OF OIL-IMMERSED POWER TRANSFORMERS, BY REGION
5.12 TARIFF AND REGULATORY LANDSCAPE
5.12.1 TARIFFS RELATED TO OIL-IMMERSED POWER TRANSFORMERS
TABLE 17 IMPORT TARIFFS FOR HS 850421 LIQUID DIELECTRIC TRANSFORMERS, WITH POWER HANDLING CAPACITY > 10.000 KVA, 2022
5.12.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 18 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 19 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 20 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 21 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.12.3 CODES AND REGULATIONS RELATED TO OIL-IMMERSED POWER TRANSFORMERS
TABLE 22 CODES AND REGULATIONS RELATED TO OIL-IMMERSED POWER TRANSFORMERS
5.13 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 33 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
5.14.1 STAKEHOLDERS IN BUYING PROCESS
FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER
TABLE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER
5.14.2 BUYING CRITERIA
FIGURE 35 KEY BUYING CRITERIA, BY END USER
TABLE 24 KEY BUYING CRITERIA, BY END USER
6 OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION
6.1 INTRODUCTION
FIGURE 36 OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION, 2022
TABLE 25 OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION, 2021–2028 (USD MILLION)
6.2 PAD-MOUNTED
6.2.1 RISE IN DEMAND FOR EFFICIENT ELECTRICITY DISTRIBUTION TO DRIVE GROWTH
TABLE 26 PAD-MOUNTED: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
6.3 POLE-MOUNTED
6.3.1 NEED FOR MORE EXTENSIVE AND EFFECTIVE COVERAGE TO DRIVE GROWTH
TABLE 27 POLE-MOUNTED: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
6.4 SUBSTATION-BASED
6.4.1 RAPID INTEGRATION OF SMART GRID SOLUTIONS TO DRIVE GROWTH
TABLE 28 SUBSTATION-BASED: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
7 OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE
7.1 INTRODUCTION
FIGURE 37 OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2022
TABLE 29 OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
7.2 SINGLE
7.2.1 EASY INSTALLATION AND MAINTENANCE TO DRIVE GROWTH
TABLE 30 SINGLE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
7.3 THREE
7.3.1 EFFICIENT POWER TRANSMISSION AND DISTRIBUTION TO DRIVE GROWTH
TABLE 31 THREE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
8 OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE
8.1 INTRODUCTION
FIGURE 38 OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE, 2022
TABLE 32 OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
TABLE 33 OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (UNITS)
8.2 LOW (BELOW 36 KV)
8.2.1 LOW RISK OF ELECTRICAL SHOCKS AND BETTER CONTROL IN CONFINED SPACES TO DRIVE GROWTH
TABLE 34 LOW (BELOW 36 KV): OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
8.3 MEDIUM (36–69 KV)
8.3.1 IMPROVED PERFORMANCE AND ELECTRIC STABILITY TO DRIVE GROWTH
TABLE 35 MEDIUM (36–69 KV): OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
8.4 HIGH (ABOVE 69 KV)
8.4.1 INTEGRATION OF ADVANCED MONITORING AND CONTROL SYSTEMS TO DRIVE GROWTH
TABLE 36 HIGH (ABOVE 69 KV): OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
9 OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER
9.1 INTRODUCTION
FIGURE 39 OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2022
TABLE 37 OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (USD MILLION)
TABLE 38 OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (UNITS)
9.2 INDUSTRIAL
9.2.1 ROBUST DESIGN AND INSULATION PROPERTIES OF OIL-IMMERSED TRANSFORMERS TO DRIVE GROWTH
TABLE 39 INDUSTRIAL: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
TABLE 40 INDUSTRIAL: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (UNITS)
TABLE 41 INDUSTRIAL: OIL-IMMERSED POWER TRANSFORMER MARKET, BY SUBSEGMENT, 2021–2028 (USD MILLION)
9.2.1.1 Oil & Gas
9.2.1.2 Pharmaceutical
9.2.1.3 Automotive
9.2.1.4 Steel
9.2.1.5 Chemical
9.2.1.6 Food & Beverage
9.3 RESIDENTIAL & COMMERCIAL
9.3.1 NEED FOR UNINTERRUPTED SUPPLY OF ELECTRICITY TO DRIVE GROWTH
TABLE 42 RESIDENTIAL & COMMERCIAL: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
TABLE 43 RESIDENTIAL & COMMERCIAL: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (UNITS)
9.4 UTILITIES
9.4.1 PROACTIVE MAINTENANCE STRATEGIES AND ENVIRONMENTAL CONSCIOUSNESS TO DRIVE GROWTH
TABLE 44 UTILITIES: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
TABLE 45 UTILITIES: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (UNITS)
10 OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION
10.1 INTRODUCTION
FIGURE 40 OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2022
FIGURE 41 ASIA PACIFIC TO REGISTER HIGHEST CAGR FROM 2023 TO 2028
TABLE 46 OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
TABLE 47 OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (UNITS)
10.2 ASIA PACIFIC
10.2.1 RECESSION IMPACT ANALYSIS
FIGURE 42 ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET SNAPSHOT
TABLE 48 ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION, 2021–2028 (USD MILLION)
TABLE 49 ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
TABLE 50 ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE RATING, 2021–2028 (USD MILLION)
TABLE 51 ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (USD MILLION)
TABLE 52 ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (UNITS)
TABLE 53 ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY SUBSEGMENT, 2021–2028 (USD MILLION)
TABLE 54 ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.2.2 CHINA
10.2.2.1 Rapid industrialization and adoption of three-phase oil-immersed transformers to drive growth
TABLE 55 CHINA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.2.3 INDIA
10.2.3.1 Smart grid initiatives and independent power producers to drive growth
TABLE 56 INDIA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.2.4 JAPAN
10.2.4.1 Advancement of electricity infrastructure and replacement of aging transformers to drive growth
TABLE 57 JAPAN: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.2.5 SOUTH KOREA
10.2.5.1 Modernization programs for power distribution networks to drive growth
TABLE 58 SOUTH KOREA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.2.6 REST OF ASIA PACIFIC
TABLE 59 REST OF ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.3 NORTH AMERICA
10.3.1 RECESSION IMPACT ANALYSIS
TABLE 60 NORTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION, 2021–2028 (USD MILLION)
TABLE 61 NORTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
TABLE 62 NORTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
TABLE 63 NORTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (USD MILLION)
TABLE 64 NORTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (UNITS)
TABLE 65 NORTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY SUBSEGMENT, 2021–2028 (USD MILLION)
TABLE 66 NORTH AMERICA: OIL IMMERSED POWER TRANSFORMER MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.3.1.1 US
10.3.1.1.1 Development of electric substations and transmission networks to drive growth
TABLE 67 US: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.3.1.2 anada
10.3.1.2.1 Rising electricity demand to drive growth
TABLE 68 CANADA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.3.1.3 Mexico
10.3.1.3.1 Government initiatives to drive growth
TABLE 69 MEXICO: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.4 EUROPE
10.4.1 RECESSION IMPACT ANALYSIS
FIGURE 43 EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET SNAPSHOT
TABLE 70 EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION, 2021–2028 (USD MILLION)
TABLE 71 EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
TABLE 72 EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE RATING, 2021–2028 (USD MILLION)
TABLE 73 EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (USD MILLION)
TABLE 74 EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (UNITS)
TABLE 75 EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY SUBSEGMENT, 2021–2028 (USD MILLION)
TABLE 76 EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.4.1.1 Germany
10.4.1.1.1 Digitalization and automation of grids to drive growth
TABLE 77 GERMANY: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.4.1.2 UK
10.4.1.2.1 Innovations in transformer design, materials, and monitoring techniques to drive growth
TABLE 78 UK: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.4.1.3 Italy
10.4.1.3.1 Ongoing shift toward cleaner energy to drive growth
TABLE 79 ITALY: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.4.1.4 France
10.4.1.4.1 Integration of renewable energy into power grids to drive growth
TABLE 80 FRANCE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.4.1.5 Spain
10.4.1.5.1 2021–2026 electricity transmission grid planning to drive growth
TABLE 81 SPAIN: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.4.1.6 Rest of Europe
TABLE 82 REST OF EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.5 SOUTH AMERICA
TABLE 83 SOUTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION, 2021–2028 (USD MILLION)
TABLE 84 SOUTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
TABLE 85 SOUTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
TABLE 86 SOUTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (USD MILLION)
TABLE 87 SOUTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (UNITS)
TABLE 88 SOUTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY SUBSEGMENT, 2021–2028 (USD MILLION)
TABLE 89 SOUTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.5.1 BRAZIL
10.5.1.1 Adoption of higher voltage transformers to drive growth
TABLE 90 BRAZIL: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.5.2 ARGENTINA
10.5.2.1 Renovar program to drive growth
TABLE 91 ARGENTINA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.5.3 REST OF SOUTH AMERICA
TABLE 92 REST OF SOUTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.6 MIDDLE EAST & AFRICA
TABLE 93 MIDDLE EAST & AFRICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION, 2021–2028 (USD MILLION)
TABLE 94 MIDDLE EAST & AFRICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
TABLE 95 MIDDLE EAST & AFRICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE RATING, 2021–2028 (USD MILLION)
TABLE 96 MIDDLE EAST & AFRICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (USD MILLION)
TABLE 97 MIDDLE EAST & AFRICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (UNITS)
TABLE 98 MIDDLE EAST & AFRICA: INDUSTRIAL: OIL-IMMERSED POWER TRANSFORMER MARKET, BY SUBSEGMENT, 2021–2028 (USD MILLION)
TABLE 99 MIDDLE EAST & AFRICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
10.6.1 SAUDI ARABIA
10.6.1.1 Vision 2030 initiative to drive growth
TABLE 100 SAUDI ARABIA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.6.2 UAE
10.6.2.1 Dubai Clean Energy Strategy 2050 to drive growth
TABLE 101 UAE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.6.3 REST OF GCC
10.6.3.1 Consistent economic growth and compliance with international regulations to drive market
TABLE 102 REST OF GCC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.6.4 SOUTH AFRICA
10.6.4.1 Expansion of nation grid infrastructure to drive growth
TABLE 103 SOUTH AFRICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.6.5 NIGERIA
10.6.5.1 Rural Electrification Agency and transmission rehabilitation and expansion program to drive growth
TABLE 104 NIGERIA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.6.6 REST OF MIDDLE EAST & AFRICA
TABLE 105 REST OF MIDDLE EAST & AFRICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION
11.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 106 STRATEGIES ADOPTED BY KEY PLAYERS, 2019–2022
11.3 MARKET SHARE ANALYSIS, 2022
TABLE 107 OIL-IMMERSED POWER TRANSFORMER MARKET: DEGREE OF COMPETITION
FIGURE 44 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2022
11.4 REVENUE ANALYSIS, 2018–2022
FIGURE 45 REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022
11.5 COMPANY EVALUATION MATRIX, 2022
11.5.1 STARS
11.5.2 PERVASIVE PLAYERS
11.5.3 EMERGING LEADERS
11.5.4 PARTICIPANTS
FIGURE 46 COMPANY EVALUATION MATRIX, 2022
11.5.5 COMPANY FOOTPRINT
TABLE 108 INSTALLATION FOOTPRINT
TABLE 109 VOLTAGE FOOTPRINT
TABLE 110 PHASE FOOTPRINT
TABLE 111 END USER FOOTPRINT
TABLE 112 REGION FOOTPRINT
TABLE 113 COMPANY FOOTPRINT
11.6 STARTUP/SME EVALUATION MATRIX, 2022
11.6.1 PROGRESSIVE COMPANIES
11.6.2 RESPONSIVE COMPANIES
11.6.3 DYNAMIC COMPANIES
11.6.4 STARTING BLOCKS
FIGURE 47 STARTUP/SME EVALUATION MATRIX, 2022
11.6.5 COMPETITIVE BENCHMARKING
TABLE 114 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
TABLE 115 KEY STARTUPS/SMES
11.7 COMPETITIVE SCENARIOS
11.7.1 PRODUCT LAUNCHES
TABLE 116 PRODUCT LAUNCHES, 2019–2023
11.7.2 DEALS
TABLE 117 DEALS, 2019–2023
11.7.3 OTHERS
TABLE 118 OTHERS, 2019–2023
12 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1 KEY PLAYERS
12.1.1 ABB
TABLE 119 ABB: COMPANY OVERVIEW
FIGURE 48 ABB: COMPANY SNAPSHOT
TABLE 120 ABB: PRODUCTS OFFERED
TABLE 121 ABB: DEALS
12.1.2 SCHNEIDER ELECTRIC
TABLE 122 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
FIGURE 49 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
TABLE 123 SCHNEIDER ELECTRIC: PRODUCTS OFFERED
TABLE 124 SCHNEIDER ELECTRIC: DEALS
12.1.3 GENERAL ELECTRIC
TABLE 125 GENERAL ELECTRIC: COMPANY OVERVIEW
FIGURE 50 GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 126 GENERAL ELECTRIC: PRODUCTS OFFERED
TABLE 127 GENERAL ELECTRIC: DEALS
12.1.4 SIEMENS
TABLE 128 SIEMENS: COMPANY OVERVIEW
FIGURE 51 SIEMENS: COMPANY SNAPSHOT
TABLE 129 SIEMENS: PRODUCTS OFFERED
TABLE 130 SIEMENS: PRODUCT LAUNCHES
TABLE 131 SIEMENS: DEALS
12.1.5 EATON
TABLE 132 EATON: COMPANY OVERVIEW
FIGURE 52 EATON: COMPANY SNAPSHOT
TABLE 133 EATON: PRODUCTS OFFERED
TABLE 134 EATON: DEALS
12.1.6 NINGBO IRONCUBE WORKS INTERNATIONAL CO., LTD.
TABLE 135 NINGBO IRONCUBE WORKS INTERNATIONAL CO., LTD.: COMPANY OVERVIEW
TABLE 136 NINGBO IRONCUBE WORKS INTERNATIONAL CO., LTD.: PRODUCTS OFFERED
12.1.7 MITSUBISHI ELECTRIC
TABLE 137 MITSUBISHI ELECTRIC: COMPANY OVERVIEW
FIGURE 53 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
TABLE 138 MITSUBISHI ELECTRIC: PRODUCTS OFFERED
TABLE 139 MITSUBISHI ELECTRIC: DEALS
12.1.8 HITACHI
TABLE 140 HITACHI: COMPANY OVERVIEW
FIGURE 54 HITACHI: COMPANY SNAPSHOT
TABLE 141 HITACHI: PRODUCTS OFFERED
TABLE 142 HITACHI: DEALS
TABLE 143 HITACHI: OTHERS
12.1.9 HYUNDAI ELECTRIC
TABLE 144 HYUNDAI ELECTRIC: COMPANY OVERVIEW
FIGURE 55 HYUNDAI ELECTRIC: COMPANY SNAPSHOT
TABLE 145 HYUNDAI ELECTRIC: PRODUCTS OFFERED
12.1.10 FUJI ELECTRIC
TABLE 146 FUJI ELECTRIC: COMPANY OVERVIEW
FIGURE 56 FUJI ELECTRIC: COMPANY SNAPSHOT
TABLE 147 FUJI ELECTRIC: PRODUCTS OFFERED
TABLE 148 FUJI ELECTRIC: PRODUCT LAUNCHES
12.1.11 CROMPTON GREAVES POWER AND INDUSTRIAL SOLUTIONS
TABLE 149 CROMPTON GREAVES POWER AND INDUSTRIAL SOLUTIONS: COMPANY OVERVIEW
FIGURE 57 CROMPTON GREAVES POWER AND INDUSTRIAL SOLUTIONS: COMPANY SNAPSHOT
TABLE 150 CROMPTON GREAVES POWER AND INDUSTRIAL SOLUTIONS: PRODUCTS OFFERED
TABLE 151 CROMPTON GREAVES POWER AND INDUSTRIAL SOLUTIONS: OTHERS
12.1.12 NISSIN ELECTRIC
TABLE 152 NISSIN ELECTRIC: COMPANY OVERVIEW
FIGURE 58 NISSIN ELECTRIC: COMPANY SNAPSHOT
TABLE 153 NISSIN ELECTRIC: PRODUCTS OFFERED
12.1.13 ALFANAR GROUP
TABLE 154 ALFANAR GROUP: COMPANY OVERVIEW
TABLE 155 ALFANAR GROUP: PRODUCTS OFFERED
TABLE 156 ALFANAR GROUP: DEALS
12.1.14 JIANGSHAN SCOTECH ELECTRICAL CO., LTD.
TABLE 157 JIANGSHAN SCOTECH ELECTRICAL CO., LTD.: COMPANY OVERVIEW
TABLE 158 JIANGSHAN SCOTECH ELECTRICAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.15 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION
TABLE 159 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY OVERVIEW
FIGURE 59 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY SNAPSHOT
TABLE 160 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: PRODUCTS OFFERED
12.2 OTHER PLAYERS
12.2.1 MGM TRANSFORMER COMPANY
12.2.2 VOLTAMP
12.2.3 YUEBIAN ELECTRIC CO., LTD.
12.2.4 DAIHEN CORPORATION
12.2.5 CHINT GROUP
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 APPENDIX
13.1 INSIGHTS FROM INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 CUSTOMIZATION OPTIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
TABLE 1 OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION
TABLE 2 OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE
TABLE 3 OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE
TABLE 4 OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER
TABLE 5 OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION
1.4 STUDY SCOPE
1.4.1 MARKETS COVERED
FIGURE 1 OIL-IMMERSED POWER TRANSFORMER MARKET SEGMENTATION
1.4.2 REGIONS COVERED
1.5 YEARS CONSIDERED
1.6 CURRENCY CONSIDERED
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primary interviews
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
2.1.3 SECONDARY AND PRIMARY RESEARCH
FIGURE 4 METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR
OIL-IMMERSED POWER TRANSFORMERS
2.2 RESEARCH LIMITATIONS
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
FIGURE 5 BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
FIGURE 6 TOP-DOWN APPROACH
2.3.3 DEMAND-SIDE ANALYSIS
2.3.3.1 Regional-level analysis
2.3.3.2 Country-level analysis
2.3.3.3 Demand-side assumptions
2.3.3.4 Demand-side calculations
2.3.4 SUPPLY-SIDE ANALYSIS
FIGURE 7 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF
OIL-IMMERSED POWER TRANSFORMERS
FIGURE 8 SUPPLY-SIDE ANALYSIS
2.3.4.1 Supply-side assumptions
2.3.4.2 Supply-side calculations
2.3.5 GROWTH FORECAST
2.4 RECESSION IMPACT ANALYSIS
2.5 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 9 DATA TRIANGULATION
3 EXECUTIVE SUMMARY
TABLE 6 OIL-IMMERSED POWER TRANSFORMER MARKET SNAPSHOT
FIGURE 10 ASIA PACIFIC DOMINATED MARKET IN 2022
FIGURE 11 PAD-MOUNTED SEGMENT TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 12 THREE PHASE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
FIGURE 13 HIGH VOLTAGE SEGMENT TO HAVE LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 14 TRANSMISSION SEGMENT TO EXHIBIT LARGEST MARKET SHARE (2023–2028)
FIGURE 15 UTILITIES SEGMENT TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN OIL-IMMERSED POWER TRANSFORMER MARKET
FIGURE 16 GROWING ENVIRONMENTAL CONCERNS AND URBANIZATION TO DRIVE MARKET
4.2 OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION
FIGURE 17 ASIA PACIFIC MARKET TO SHOWCASE HIGHEST CAGR DURING FORECAST PERIOD
4.3 OIL-IMMERSED POWER TRANSFORMER MARKET IN ASIA PACIFIC, BY PHASE AND COUNTRY, 2022
FIGURE 18 OUTDOOR SEGMENT AND CHINA ACCOUNTED FOR LARGEST MARKET SHARES IN ASIA PACIFIC, 2022
4.4 OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION
FIGURE 19 PAD-MOUNTED SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028
4.5 OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE
FIGURE 20 THREE PHASE SEGMENT TO HAVE LARGEST MARKET SHARE IN 2022
4.6 OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE
FIGURE 21 MEDIUM VOLTAGE SEGMENT TO HAVE HIGHEST SHARE IN 2022
4.7 OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER
FIGURE 22 UTILITIES SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2022
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 23 OIL-IMMERSED POWER TRANSFORMER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Modernization of energy infrastructure
FIGURE 24 EXPANSION OF ELECTRIC VEHICLE MARKET, 2016–2023
5.2.1.2 Incorporation of renewable energy for sustainable power solutions
FIGURE 25 RENEWABLE CAPACITY ADDITIONS, BY REGION, 2019–2021
5.2.2 RESTRAINTS
5.2.2.1 High initial investment
FIGURE 26 CHANGE IN ELECTRICITY DEMAND, BY REGION, 2019–2025
5.2.2.2 Safety compliance related to oil-immersed power transformers
5.2.3 OPPORTUNITIES
5.2.3.1 Innovations in transformer management and smart grid technologies
5.2.3.2 Integration of energy storage solutions into power grids
FIGURE 27 GLOBAL GDP GROWTH, 2010–2022
5.2.4 CHALLENGES
5.2.4.1 Aging infrastructure and other operational constraints
5.2.4.2 Shortage of skilled workforce
5.3 PORTER’S FIVE FORCES ANALYSIS
FIGURE 28 PORTER’S FIVE FORCES ANALYSIS
TABLE 7 PORTER’S FIVE FORCES ANALYSIS
5.3.1 THREAT OF SUBSTITUTES
5.3.2 BARGAINING POWER OF SUPPLIERS
5.3.3 BARGAINING POWER OF BUYERS
5.3.4 THREAT OF NEW ENTRANTS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 VALUE CHAIN ANALYSIS
FIGURE 29 VALUE CHAIN ANALYSIS
5.4.1 RAW MATERIAL PROVIDERS/SUPPLIERS
5.4.2 COMPONENT MANUFACTURERS
5.4.3 OIL-IMMERSED POWER TRANSFORMER MANUFACTURERS/ASSEMBLERS
5.4.4 DISTRIBUTORS
5.4.5 END USERS
5.4.6 POST-SALES SERVICES
5.5 TECHNOLOGY ANALYSIS
5.5.1 DIGITALIZATION
5.5.2 SUSTAINABLE TECHNOLOGIES
5.6 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 8 KEY CONFERENCES AND EVENTS, 2023–2024
5.7 ECOSYSTEM MAPPING
FIGURE 30 ECOSYSTEM MAPPING
TABLE 9 ROLE OF COMPANIES IN ECOSYSTEM
5.8 PATENT ANALYSIS
FIGURE 31 PATENT ANALYSIS
TABLE 10 PATENT ANALYSIS, 2020–2023
5.9 CASE STUDY ANALYSIS
5.9.1 OVERHEATING OF OIL-IMMERSED POWER TRANSFORMER AT MAPLE CREEK WIND FARM
5.9.1.1 Problem
5.9.1.2 Solution
5.9.2 OIL LEAK FROM POWER TRANSFORMER AT CENTRAL CITY SUBSTATION
5.9.2.1 Problem
5.9.2.2 Solution
5.9.3 AGING OF OIL-IMMERSED POWER TRANSFORMER AT BIG RIVER SUBSTATION
5.9.3.1 Problem
5.9.3.2 Solution
5.10 TRADE DATA ANALYSIS
5.10.1 TRADE ANALYSIS RELATED TO LIQUID DIELECTRIC TRANSFORMERS WITH POWER HANDLING CAPACITY <= 650 KVA
5.10.1.1 Import data
TABLE 11 IMPORT SCENARIO FOR HS CODE 850421, BY COUNTRY, 2020–2022 (USD)
5.10.1.2 Export data
TABLE 12 EXPORT SCENARIO FOR HS CODE 850421, BY COUNTRY, 2020–2022 (USD)
5.10.2 TRADE ANALYSIS RELATED TO LIQUID DIELECTRIC TRANSFORMERS WITH POWER HANDLING CAPACITY > 10,000 KVA
5.10.2.1 Import data
TABLE 13 IMPORT SCENARIO FOR HS CODE 850423, BY COUNTRY, 2020–2022 (USD)
5.10.2.2 Export data
TABLE 14 EXPORT SCENARIO FOR HS CODE 850423, BY COUNTRY, 2020–2022 (USD)
5.11 PRICING ANALYSIS
5.11.1 AVERAGE SELLING PRICE OF OIL-IMMERSED POWER TRANSFORMERS, BY VOLTAGE
TABLE 15 AVERAGE SELLING PRICE OF OIL-IMMERSED POWER TRANSFORMERS, BY VOLTAGE
5.11.2 AVERAGE SELLING PRICE OF OIL-IMMERSED POWER TRANSFORMERS, BY REGION
TABLE 16 AVERAGE SELLING PRICE OF OIL-IMMERSED POWER TRANSFORMERS, BY REGION (USD MILLION/UNIT)
FIGURE 32 AVERAGE SELLING PRICE OF OIL-IMMERSED POWER TRANSFORMERS, BY REGION
5.12 TARIFF AND REGULATORY LANDSCAPE
5.12.1 TARIFFS RELATED TO OIL-IMMERSED POWER TRANSFORMERS
TABLE 17 IMPORT TARIFFS FOR HS 850421 LIQUID DIELECTRIC TRANSFORMERS, WITH POWER HANDLING CAPACITY > 10.000 KVA, 2022
5.12.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 18 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 19 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 20 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 21 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.12.3 CODES AND REGULATIONS RELATED TO OIL-IMMERSED POWER TRANSFORMERS
TABLE 22 CODES AND REGULATIONS RELATED TO OIL-IMMERSED POWER TRANSFORMERS
5.13 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 33 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
5.14.1 STAKEHOLDERS IN BUYING PROCESS
FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER
TABLE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER
5.14.2 BUYING CRITERIA
FIGURE 35 KEY BUYING CRITERIA, BY END USER
TABLE 24 KEY BUYING CRITERIA, BY END USER
6 OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION
6.1 INTRODUCTION
FIGURE 36 OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION, 2022
TABLE 25 OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION, 2021–2028 (USD MILLION)
6.2 PAD-MOUNTED
6.2.1 RISE IN DEMAND FOR EFFICIENT ELECTRICITY DISTRIBUTION TO DRIVE GROWTH
TABLE 26 PAD-MOUNTED: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
6.3 POLE-MOUNTED
6.3.1 NEED FOR MORE EXTENSIVE AND EFFECTIVE COVERAGE TO DRIVE GROWTH
TABLE 27 POLE-MOUNTED: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
6.4 SUBSTATION-BASED
6.4.1 RAPID INTEGRATION OF SMART GRID SOLUTIONS TO DRIVE GROWTH
TABLE 28 SUBSTATION-BASED: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
7 OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE
7.1 INTRODUCTION
FIGURE 37 OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2022
TABLE 29 OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
7.2 SINGLE
7.2.1 EASY INSTALLATION AND MAINTENANCE TO DRIVE GROWTH
TABLE 30 SINGLE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
7.3 THREE
7.3.1 EFFICIENT POWER TRANSMISSION AND DISTRIBUTION TO DRIVE GROWTH
TABLE 31 THREE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
8 OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE
8.1 INTRODUCTION
FIGURE 38 OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE, 2022
TABLE 32 OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
TABLE 33 OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (UNITS)
8.2 LOW (BELOW 36 KV)
8.2.1 LOW RISK OF ELECTRICAL SHOCKS AND BETTER CONTROL IN CONFINED SPACES TO DRIVE GROWTH
TABLE 34 LOW (BELOW 36 KV): OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
8.3 MEDIUM (36–69 KV)
8.3.1 IMPROVED PERFORMANCE AND ELECTRIC STABILITY TO DRIVE GROWTH
TABLE 35 MEDIUM (36–69 KV): OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
8.4 HIGH (ABOVE 69 KV)
8.4.1 INTEGRATION OF ADVANCED MONITORING AND CONTROL SYSTEMS TO DRIVE GROWTH
TABLE 36 HIGH (ABOVE 69 KV): OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
9 OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER
9.1 INTRODUCTION
FIGURE 39 OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2022
TABLE 37 OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (USD MILLION)
TABLE 38 OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (UNITS)
9.2 INDUSTRIAL
9.2.1 ROBUST DESIGN AND INSULATION PROPERTIES OF OIL-IMMERSED TRANSFORMERS TO DRIVE GROWTH
TABLE 39 INDUSTRIAL: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
TABLE 40 INDUSTRIAL: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (UNITS)
TABLE 41 INDUSTRIAL: OIL-IMMERSED POWER TRANSFORMER MARKET, BY SUBSEGMENT, 2021–2028 (USD MILLION)
9.2.1.1 Oil & Gas
9.2.1.2 Pharmaceutical
9.2.1.3 Automotive
9.2.1.4 Steel
9.2.1.5 Chemical
9.2.1.6 Food & Beverage
9.3 RESIDENTIAL & COMMERCIAL
9.3.1 NEED FOR UNINTERRUPTED SUPPLY OF ELECTRICITY TO DRIVE GROWTH
TABLE 42 RESIDENTIAL & COMMERCIAL: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
TABLE 43 RESIDENTIAL & COMMERCIAL: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (UNITS)
9.4 UTILITIES
9.4.1 PROACTIVE MAINTENANCE STRATEGIES AND ENVIRONMENTAL CONSCIOUSNESS TO DRIVE GROWTH
TABLE 44 UTILITIES: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
TABLE 45 UTILITIES: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (UNITS)
10 OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION
10.1 INTRODUCTION
FIGURE 40 OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2022
FIGURE 41 ASIA PACIFIC TO REGISTER HIGHEST CAGR FROM 2023 TO 2028
TABLE 46 OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
TABLE 47 OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (UNITS)
10.2 ASIA PACIFIC
10.2.1 RECESSION IMPACT ANALYSIS
FIGURE 42 ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET SNAPSHOT
TABLE 48 ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION, 2021–2028 (USD MILLION)
TABLE 49 ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
TABLE 50 ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE RATING, 2021–2028 (USD MILLION)
TABLE 51 ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (USD MILLION)
TABLE 52 ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (UNITS)
TABLE 53 ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY SUBSEGMENT, 2021–2028 (USD MILLION)
TABLE 54 ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.2.2 CHINA
10.2.2.1 Rapid industrialization and adoption of three-phase oil-immersed transformers to drive growth
TABLE 55 CHINA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.2.3 INDIA
10.2.3.1 Smart grid initiatives and independent power producers to drive growth
TABLE 56 INDIA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.2.4 JAPAN
10.2.4.1 Advancement of electricity infrastructure and replacement of aging transformers to drive growth
TABLE 57 JAPAN: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.2.5 SOUTH KOREA
10.2.5.1 Modernization programs for power distribution networks to drive growth
TABLE 58 SOUTH KOREA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.2.6 REST OF ASIA PACIFIC
TABLE 59 REST OF ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.3 NORTH AMERICA
10.3.1 RECESSION IMPACT ANALYSIS
TABLE 60 NORTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION, 2021–2028 (USD MILLION)
TABLE 61 NORTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
TABLE 62 NORTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
TABLE 63 NORTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (USD MILLION)
TABLE 64 NORTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (UNITS)
TABLE 65 NORTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY SUBSEGMENT, 2021–2028 (USD MILLION)
TABLE 66 NORTH AMERICA: OIL IMMERSED POWER TRANSFORMER MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.3.1.1 US
10.3.1.1.1 Development of electric substations and transmission networks to drive growth
TABLE 67 US: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.3.1.2 anada
10.3.1.2.1 Rising electricity demand to drive growth
TABLE 68 CANADA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.3.1.3 Mexico
10.3.1.3.1 Government initiatives to drive growth
TABLE 69 MEXICO: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.4 EUROPE
10.4.1 RECESSION IMPACT ANALYSIS
FIGURE 43 EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET SNAPSHOT
TABLE 70 EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION, 2021–2028 (USD MILLION)
TABLE 71 EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
TABLE 72 EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE RATING, 2021–2028 (USD MILLION)
TABLE 73 EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (USD MILLION)
TABLE 74 EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (UNITS)
TABLE 75 EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY SUBSEGMENT, 2021–2028 (USD MILLION)
TABLE 76 EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.4.1.1 Germany
10.4.1.1.1 Digitalization and automation of grids to drive growth
TABLE 77 GERMANY: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.4.1.2 UK
10.4.1.2.1 Innovations in transformer design, materials, and monitoring techniques to drive growth
TABLE 78 UK: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.4.1.3 Italy
10.4.1.3.1 Ongoing shift toward cleaner energy to drive growth
TABLE 79 ITALY: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.4.1.4 France
10.4.1.4.1 Integration of renewable energy into power grids to drive growth
TABLE 80 FRANCE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.4.1.5 Spain
10.4.1.5.1 2021–2026 electricity transmission grid planning to drive growth
TABLE 81 SPAIN: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.4.1.6 Rest of Europe
TABLE 82 REST OF EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.5 SOUTH AMERICA
TABLE 83 SOUTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION, 2021–2028 (USD MILLION)
TABLE 84 SOUTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
TABLE 85 SOUTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
TABLE 86 SOUTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (USD MILLION)
TABLE 87 SOUTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (UNITS)
TABLE 88 SOUTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY SUBSEGMENT, 2021–2028 (USD MILLION)
TABLE 89 SOUTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.5.1 BRAZIL
10.5.1.1 Adoption of higher voltage transformers to drive growth
TABLE 90 BRAZIL: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.5.2 ARGENTINA
10.5.2.1 Renovar program to drive growth
TABLE 91 ARGENTINA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.5.3 REST OF SOUTH AMERICA
TABLE 92 REST OF SOUTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.6 MIDDLE EAST & AFRICA
TABLE 93 MIDDLE EAST & AFRICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION, 2021–2028 (USD MILLION)
TABLE 94 MIDDLE EAST & AFRICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
TABLE 95 MIDDLE EAST & AFRICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE RATING, 2021–2028 (USD MILLION)
TABLE 96 MIDDLE EAST & AFRICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (USD MILLION)
TABLE 97 MIDDLE EAST & AFRICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (UNITS)
TABLE 98 MIDDLE EAST & AFRICA: INDUSTRIAL: OIL-IMMERSED POWER TRANSFORMER MARKET, BY SUBSEGMENT, 2021–2028 (USD MILLION)
TABLE 99 MIDDLE EAST & AFRICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
10.6.1 SAUDI ARABIA
10.6.1.1 Vision 2030 initiative to drive growth
TABLE 100 SAUDI ARABIA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.6.2 UAE
10.6.2.1 Dubai Clean Energy Strategy 2050 to drive growth
TABLE 101 UAE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.6.3 REST OF GCC
10.6.3.1 Consistent economic growth and compliance with international regulations to drive market
TABLE 102 REST OF GCC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.6.4 SOUTH AFRICA
10.6.4.1 Expansion of nation grid infrastructure to drive growth
TABLE 103 SOUTH AFRICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.6.5 NIGERIA
10.6.5.1 Rural Electrification Agency and transmission rehabilitation and expansion program to drive growth
TABLE 104 NIGERIA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
10.6.6 REST OF MIDDLE EAST & AFRICA
TABLE 105 REST OF MIDDLE EAST & AFRICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)
11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION
11.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 106 STRATEGIES ADOPTED BY KEY PLAYERS, 2019–2022
11.3 MARKET SHARE ANALYSIS, 2022
TABLE 107 OIL-IMMERSED POWER TRANSFORMER MARKET: DEGREE OF COMPETITION
FIGURE 44 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2022
11.4 REVENUE ANALYSIS, 2018–2022
FIGURE 45 REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022
11.5 COMPANY EVALUATION MATRIX, 2022
11.5.1 STARS
11.5.2 PERVASIVE PLAYERS
11.5.3 EMERGING LEADERS
11.5.4 PARTICIPANTS
FIGURE 46 COMPANY EVALUATION MATRIX, 2022
11.5.5 COMPANY FOOTPRINT
TABLE 108 INSTALLATION FOOTPRINT
TABLE 109 VOLTAGE FOOTPRINT
TABLE 110 PHASE FOOTPRINT
TABLE 111 END USER FOOTPRINT
TABLE 112 REGION FOOTPRINT
TABLE 113 COMPANY FOOTPRINT
11.6 STARTUP/SME EVALUATION MATRIX, 2022
11.6.1 PROGRESSIVE COMPANIES
11.6.2 RESPONSIVE COMPANIES
11.6.3 DYNAMIC COMPANIES
11.6.4 STARTING BLOCKS
FIGURE 47 STARTUP/SME EVALUATION MATRIX, 2022
11.6.5 COMPETITIVE BENCHMARKING
TABLE 114 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
TABLE 115 KEY STARTUPS/SMES
11.7 COMPETITIVE SCENARIOS
11.7.1 PRODUCT LAUNCHES
TABLE 116 PRODUCT LAUNCHES, 2019–2023
11.7.2 DEALS
TABLE 117 DEALS, 2019–2023
11.7.3 OTHERS
TABLE 118 OTHERS, 2019–2023
12 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1 KEY PLAYERS
12.1.1 ABB
TABLE 119 ABB: COMPANY OVERVIEW
FIGURE 48 ABB: COMPANY SNAPSHOT
TABLE 120 ABB: PRODUCTS OFFERED
TABLE 121 ABB: DEALS
12.1.2 SCHNEIDER ELECTRIC
TABLE 122 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
FIGURE 49 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
TABLE 123 SCHNEIDER ELECTRIC: PRODUCTS OFFERED
TABLE 124 SCHNEIDER ELECTRIC: DEALS
12.1.3 GENERAL ELECTRIC
TABLE 125 GENERAL ELECTRIC: COMPANY OVERVIEW
FIGURE 50 GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 126 GENERAL ELECTRIC: PRODUCTS OFFERED
TABLE 127 GENERAL ELECTRIC: DEALS
12.1.4 SIEMENS
TABLE 128 SIEMENS: COMPANY OVERVIEW
FIGURE 51 SIEMENS: COMPANY SNAPSHOT
TABLE 129 SIEMENS: PRODUCTS OFFERED
TABLE 130 SIEMENS: PRODUCT LAUNCHES
TABLE 131 SIEMENS: DEALS
12.1.5 EATON
TABLE 132 EATON: COMPANY OVERVIEW
FIGURE 52 EATON: COMPANY SNAPSHOT
TABLE 133 EATON: PRODUCTS OFFERED
TABLE 134 EATON: DEALS
12.1.6 NINGBO IRONCUBE WORKS INTERNATIONAL CO., LTD.
TABLE 135 NINGBO IRONCUBE WORKS INTERNATIONAL CO., LTD.: COMPANY OVERVIEW
TABLE 136 NINGBO IRONCUBE WORKS INTERNATIONAL CO., LTD.: PRODUCTS OFFERED
12.1.7 MITSUBISHI ELECTRIC
TABLE 137 MITSUBISHI ELECTRIC: COMPANY OVERVIEW
FIGURE 53 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
TABLE 138 MITSUBISHI ELECTRIC: PRODUCTS OFFERED
TABLE 139 MITSUBISHI ELECTRIC: DEALS
12.1.8 HITACHI
TABLE 140 HITACHI: COMPANY OVERVIEW
FIGURE 54 HITACHI: COMPANY SNAPSHOT
TABLE 141 HITACHI: PRODUCTS OFFERED
TABLE 142 HITACHI: DEALS
TABLE 143 HITACHI: OTHERS
12.1.9 HYUNDAI ELECTRIC
TABLE 144 HYUNDAI ELECTRIC: COMPANY OVERVIEW
FIGURE 55 HYUNDAI ELECTRIC: COMPANY SNAPSHOT
TABLE 145 HYUNDAI ELECTRIC: PRODUCTS OFFERED
12.1.10 FUJI ELECTRIC
TABLE 146 FUJI ELECTRIC: COMPANY OVERVIEW
FIGURE 56 FUJI ELECTRIC: COMPANY SNAPSHOT
TABLE 147 FUJI ELECTRIC: PRODUCTS OFFERED
TABLE 148 FUJI ELECTRIC: PRODUCT LAUNCHES
12.1.11 CROMPTON GREAVES POWER AND INDUSTRIAL SOLUTIONS
TABLE 149 CROMPTON GREAVES POWER AND INDUSTRIAL SOLUTIONS: COMPANY OVERVIEW
FIGURE 57 CROMPTON GREAVES POWER AND INDUSTRIAL SOLUTIONS: COMPANY SNAPSHOT
TABLE 150 CROMPTON GREAVES POWER AND INDUSTRIAL SOLUTIONS: PRODUCTS OFFERED
TABLE 151 CROMPTON GREAVES POWER AND INDUSTRIAL SOLUTIONS: OTHERS
12.1.12 NISSIN ELECTRIC
TABLE 152 NISSIN ELECTRIC: COMPANY OVERVIEW
FIGURE 58 NISSIN ELECTRIC: COMPANY SNAPSHOT
TABLE 153 NISSIN ELECTRIC: PRODUCTS OFFERED
12.1.13 ALFANAR GROUP
TABLE 154 ALFANAR GROUP: COMPANY OVERVIEW
TABLE 155 ALFANAR GROUP: PRODUCTS OFFERED
TABLE 156 ALFANAR GROUP: DEALS
12.1.14 JIANGSHAN SCOTECH ELECTRICAL CO., LTD.
TABLE 157 JIANGSHAN SCOTECH ELECTRICAL CO., LTD.: COMPANY OVERVIEW
TABLE 158 JIANGSHAN SCOTECH ELECTRICAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.15 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION
TABLE 159 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY OVERVIEW
FIGURE 59 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY SNAPSHOT
TABLE 160 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: PRODUCTS OFFERED
12.2 OTHER PLAYERS
12.2.1 MGM TRANSFORMER COMPANY
12.2.2 VOLTAMP
12.2.3 YUEBIAN ELECTRIC CO., LTD.
12.2.4 DAIHEN CORPORATION
12.2.5 CHINT GROUP
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 APPENDIX
13.1 INSIGHTS FROM INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 CUSTOMIZATION OPTIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
