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Asia Pacific Transformer Market Value to See a Tremendous Rise through 2027

Author : Ronak Bora | Published Date : 2021-08-26 

The spiraling requirement for electricity across Asia is functioning as a prominent driver of Asia Pacific transformer market forecast. With governments actively supporting upgradation of the traditional power grids due to stability and reliability concerns, integration of renewable energy is on the horizon. Regulatory bodies across the region are focusing on standardization and implementation of highly efficient electricity supply networks to cater to the ever-expanding demand across the largest continent of the world.

Development of next-generation transmission and distribution networks appear to be the next step for the power sector. As the incorporation of safe and reliable electrical equipment is garnering considerable investments, the rising product adoption across the region is likely to foster Asia Pacific transformer market forecast.

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The following four major trends have been generating substantial opportunities for the industry:

Compact size of pole-mounted transformers

Owing to their compact sizes and ease of installation, pole-mounted transformers are gaining traction across the transformer market in Asia Pacific. These transformers require low costs toward maintenance. When these units are installed, the risks pertaining to vandalism and harm to humans and animals can be significantly minimized.

The progressing modernization, coupled with the addition to energy delivery networks, especially across the manufacturing and industrial sectors, is accelerating Asia Pacific transformer market forecast.

Focus toward renewable energy adoption across Australia

The Australian industry is certain to surface as a key contributor in the overall market in Asia Pacific transformer market, thanks to the governmental efforts toward the integration of renewable energy. The government aims to increase the share of renewable energy in the total energy mix. Public initiatives including investments and awareness drives have also been instrumental in bringing in fresh opportunities.

Power generation and distribution has been attracting government attention since the past few years. For instance, the Federal Government is strengthening the Australian power grid through the extension of the Snowy Mountains hydro grid to over 500,000 households. Such government projects are likely to enhance the overall transformer market size through 2027.

Use of shell type transformers in extreme weather

In terms of core type, the Asia Pacific transformer market share from the shell type transformers in Asia Pacific is expected to witness a continual growth through 2027, triggered by the rising adoption rate of these units at critical nodes across HV or high voltage networks in low voltage power circuits.

As these transformers can operate in extreme weather conditions and across difficult terrains, the technology is likely to support Asia Pacific transformers market share through increasing implementation. Shell type core transformers promise short circuit reliability in addition to availability in compact models, easy transportation, and high output benefits.

Lower combustibility risk of air insulated transformers

The Asia Pacific transformer market share from air insulated transformers is expected to represent a major chunk of the regional transformer market through 2027. These transformers can be used across multiple applications as a starting unit, power converter, distribution transformer, among others.

The lower risk of combustibility in case of a fire accident associated with these units is particularly creating more demand from various industries. As the percentage of insulation material is low with respect to the overall transformer weight, the risk of smoke hazard is minimum.

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Mitsubishi Electric, Hyundai Heavy industries, Siemens, Kirloskar Electric, Swastik Copper, Toshiba, Hyundai Heavy industries, and Schneider Electric, GE are some leading manufacturers & suppliers in Asia Pacific transformer market.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Research methodology

1.2    List of data sources

1.2.1    Primary

1.2.2    Secondary

Chapter 2   Market Snapshot

2.1    Asia Pacific transformers market snapshot

Chapter 3   Asia Pacific Transformer Market Trends

3.1    Industry coverage

3.2    Industry size & forecast, 2016 – 2027

3.3    Value chain analysis

3.3.1    Company product snapshot

3.4    Innovation Landscape

3.5    COVID-19 impact on the industry outlook

3.6    Regulatory norms & directives

3.7    Drivers & restraints

3.7.1    Market drivers

3.7.2    Market restraints

3.8    Industry analysis - Porter's

3.9    Product growth mapping

3.10    Competitive benchmarking, 2020

3.10.1    Strategy dashboard

3.11    PEST Analysis

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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