Asia Pacific Power Transformers Market Analysis By Rating, Size, Share, Trend, Competition, Future Growth 2024

Asia-Pacific power transformers market is expected to grow at a CAGR of around 8% during the forecast period. Asia-Pacific power transformers market is majorly driven by the ongoing infrastructural developments & upgradation of the current prevalent network. Furthermore, various initiatives by the governments in the form of increasing investments in the energy sector and formulation of policies to increase the popularity of renewable sources of energy is expected to foster the market during forecast period.

The Asia-Pacific power transformers market is segmented based on rating, cooling method, product type, application, country and company. Based on rating, the market can be categorized into small power transformers, medium power transformers and large power transformers. The small power transformers are expected to hold significant market share during the forecast period owing to its widespread applications in small industries and ability of customization according to the requirements of customer. Based on cooling type, the market can be bifurcated into oil-cooled and air-cooled, of which the former segment dominates the market since their usage is considered safe in high voltage conditions. Based on application, the market can be fragmented into commercial, residential and industrial. Traditionally, industrial and commercial end users cumulatively accounted for major share in the market. The industrial category includes adoption of these transformers in captive power plants and for power generation in manufacturing industries, whereas large-scale commercial establishments also employ these transformers for in-house power requirements.

Asia-Pacific power transformers market is gaining traction and expanding to various countries including China, India, Japan, South Korea and Australia. Among these countries, China is expected to dominate the overall power transformers market followed by India, Japan, South Korea and Australia.

The major players operating in the power transformers market are Bharat Heavy Electricals Ltd., Mitsubishi Heavy Industries, Ltd., Siemens Aktiengesellschaft, General Electric Company, Hyundai Electric & Energy Systems Co. Ltd., ABB Ltd., Schneider Electric SE, Eaton Corporation Plc, Hitachi Ltd., Crompton Greaves Ltd.  and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

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Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To analyze and forecast the market size of Asia-Pacific power transformers market.
  • To classify and forecast Asia-Pacific power transformers market based on rating, cooling method, product type, application and company and country distribution.
  • To identify drivers and challenges for Asia-Pacific power transformers market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Asia-Pacific power transformers market.
  • To conduct pricing analysis for Asia-Pacific power transformers market.
  • To identify and analyze the profile of leading players operating in Asia-Pacific power transformers market.


TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the region. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the region.

TechSci Research calculated the market size of Asia-Pacific power transformers market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

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Key Target Audience:

  • Power transformers manufacturers and suppliers
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to power transformers

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Asia-Pacific power transformers market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Rating:
    • Small Power Transformers
    • Medium Power Transformers
    • Large Power Transformers
  • Market, By Cooling Method:
    • Oil-cooled
    • Air-cooled
  • Market, By Product Type:
    • Oil-Immersed
    • Dry
    • VPI
  • Market, By Application:

o   Commercial

o   Residential

o   Industrial

  • Market, By Country:
    • China
    • India 
    • Japan
    • South Korea
    • Australia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Asia-Pacific power transformers market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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