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ASEAN Power Transformers Market

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    Report

  • 356 Pages
  • November 2023
  • Region: Asia Pacific
  • Astute Analytica
  • ID: 5969528
Description Jump to:

ASEAN Power Transformers Market: Projected to Hit US$ 3.83 Bn by 2030 with a Strong CAGR of 8.36%"

The ASEAN Power Transformers market is poised for significant growth, with its value expected to rise from US$ 2.11 Bn in 2022 to US$ 3.83 Bn by 2030, exhibiting a CAGR of 8.36%. The market volume in 2022 was recorded at 647 units, indicating a robust demand for power transformers in the region.

Growth Influencers:

The market's expansion is majorly driven by the escalating consumption of electricity and the deployment of smart grids and smart transformers across the ASEAN region. However, challenges such as rising raw material prices and complexities in the designing process are potential restraints. The market's growth is also influenced by the region's increasing focus on sustainable and efficient energy transmission, the expansion of industrial and commercial infrastructure, and advancements in transformer technology.

Segment Overview:

The market is categorized by Type, Equipment, Cooling Technique, Insulation Material, Voltage, and Industry.

By Type

  • Single-phase Transformer
  • Three-phase Transformer

By Equipment

  • Transformers
  • Switchgear
  • GIS
  • Drive Products (inverters, motors)
  • Control equipment (DCS, PLC)
  • Disk (LV, MV disk)
  • Others

By Cooling Technique

  • Dry Type
  • Oil Immersed

By Insulation Material

  • Transformer oil
  • Electrical grade paper
  • Pressboard
  • Wood and insulated wood
  • Insulating tape
  • Phenolic laminated paper base sheet
  • Phenolic laminated cotton fabric sheet
  • Others

By Voltage

  • < 100 MVA
  • 101 MVA to 500 MVA
  • 501 MVA to 800 MVA
  • > 800 MVA

By Industry

  • Petrochemical
  • Electricity
  • Semiconductor
  • Data Center
  • Metal & Mining
  • Steel
  • Nonferrous
  • Construction (Cement)
  • Others
The fastest-growing segment is the three-phase transformer, while transformers hold the largest market share in the equipment category. Oil-immersed transformers dominate the cooling technique segment, and transformer oil is the leading insulation material. By voltage, the 101 MVA to 500 MVA segment is anticipated to surpass US$ 1.5 Bn by 2030. In terms of industry applications, the electricity sector is expected to hold the largest market share, followed by a significant growth in the metal & mining sector.

Regional Overview:

Indonesia leads the regional market with the largest share of over 28% in 2022, totalling a revenue of US$ 614.06 Mn. Other key countries contributing to the market dynamics include Thailand, Singapore, Vietnam, Malaysia, the Philippines, Cambodia, and the rest of ASEAN.
  • ASEAN
  • Thailand
  • Singapore
  • Vietnam
  • Indonesia
  • Malaysia
  • Philippines
  • Cambodia
  • Rest of ASEAN

Competitive Landscape:

The market is characterized by the dominance of major players, with a collective market share of approximately 58%. Key companies include CG Power and Industrial Solutions Ltd., Siemens AG, Schneider Electric SE, TBEA Co. Ltd., EMCO Ltd., Kirloskar Electric Co. Ltd., Toshiba Corporation, Hitachi Ltd., Bharat Heavy Electricals Ltd., General Electric Company, and other prominent players. Schneider Electric SE's specialization in energy and automation digital solutions is a notable highlight, contributing to market innovation and development.

Report Insights:

  • The ASEAN Power Transformers market is expected to reach US$ 3.83 Bn by 2030.
  • Increasing electricity consumption and the deployment of smart grids are key drivers.
  • The three-phase transformer and oil-immersed transformers are significant market segments.
  • Indonesia leads the regional market in terms of revenue and market share.

Questions to be Answered:

  • What are the key factors driving the ASEAN Power Transformers market?
  • Which segments are experiencing the fastest growth?
  • How is Indonesia contributing to the regional market dynamics?
  • What role do leading companies play in shaping the market?

Table of Contents

Chapter 1. Research Framework
1.1 Research Objective
1.2 Product Overview
1.3 Market Segmentation
Chapter 2. Research Methodology
2.1 Qualitative Research
2.1.1 Primary & Secondary Sources
2.2 Quantitative Research
2.2.1 Primary & Secondary Sources
2.3 Breakdown of Primary Research Respondents, By Region
2.4 Assumption for the Study
2.5 Market Size Estimation
2.6. Data Triangulation
Chapter 3. Executive Summary: ASEAN Power Transformers Market
Chapter 4. ASEAN Power Transformers Market Overview
4.1. Industry Value Chain Analysis
4.1.1. Component Provider
4.1.2. Production
4.1.3. Distribution
4.1.4. End User
4.2. Industry Outlook
4.2.1. Overview of Power Transformers Market
4.2.2. Factors promoting Growth of Power Transformers Market
4.3. PESTLE Analysis
4.4. Porter's Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of Substitutes
4.4.4. Threat of New Entrants
4.4.5. Degree of Competition
4.5. Market Dynamics and Trends
4.5.1. Growth Drivers
4.5.2. Restraints
4.5.3. Challenges
4.5.4. Key Trends
4.6. COVID-19 Impact Assessment on Market Growth Trend
4.7. Market Growth and Outlook
4.7.1. Market Revenue Estimates and Forecast (US$ Mn), 2017 - 2030
4.7.2. Market Volume Estimates and Forecast (Units), 2017 - 2030
4.7.3. Price Trend Analysis, By Type
4.8. Competition Dashboard
4.8.1. Market Concentration Rate
4.8.2. Company Market Share Analysis (Value %), 2020
4.8.3. Competitor Mapping
Chapter 5. Power Transformers Market Analysis, By Transformer Type
5.1. Key Insights
5.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & Units)
5.2.1. Single-phase Transformer
5.2.2. Three-phase Transformer
Chapter 6. Power Transformers Market Analysis, By Equipment
6.1. Key Insights
6.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & Units)
6.2.1. Transformers
6.2.2. Switchgear
6.2.3. GIS
6.2.4. Drive Products (inverters, motors)
6.2.5. Control equipment (DCS, PLC)
6.2.6. Disk (LV, MV disk)
6.2.7. Others
Chapter 7. Power Transformers Market Analysis, By Cooling Technique
7.1. Key Insights
7.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & Units)
7.2.1. Dry Type
7.2.1.1. Self Air
7.2.1.2. Air Blast
7.2.2. Oil Immersed
7.2.2.1. Self-Cooled
7.2.2.2. Water Cooled
7.2.2.3. Forced Oil
7.2.2.4. Others
Chapter 8. Power Transformers Market Analysis, By Insulation Material
8.1. Key Insights
8.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & Units)
8.2.1. Transformer oil
8.2.2. Electrical grade paper
8.2.3. Pressboard
8.2.4. Wood and insulated wood
8.2.5. Insulating tape
8.2.6. Phenolic laminated paper base sheet
8.2.7. Phenolic laminated cotton fabric sheet
8.2.8. Others
Chapter 9. Power Transformers Market Analysis, By Voltage
9.1. Key Insights
9.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & Units)
9.2.1. < 100 MVA
9.2.2. 101 MVA to 500 MVA
9.2.3. 501 MVA to 800 MVA
9.2.4. > 800 MVA
Chapter 10. Power Transformers Market Analysis, By Industry
10.1. Key Insights
10.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & Units)
10.2.1. Petrochemical
10.2.2. Electricity
10.2.3. Semiconductor
10.2.4. Data center
10.2.5. Metal & Mining
10.2.5.1. Steel
10.2.5.2. Nonferrous
10.2.6. Construction (Cement)
10.2.7. Others
Chapter 11. Power Transformers Market Analysis, By ASEAN
11.1. Key Insights
11.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & Units)
11.2.1. Thailand
11.2.2. Singapore
11.2.3. Vietnam
11.2.4. Indonesia
11.2.5. Malaysia
11.2.6. Philippines
11.2.7. Cambodia
11.2.8. Rest of ASEAN
Chapter 12. Thailand Power Transformers Market Analysis
12.1. Key Insights
12.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & Units)
12.2.1. By Transformer Type
12.2.2. By Equipment
12.2.3. By Cooling Technique
12.2.4. By Insulation Material
12.2.5. By Voltage
12.2.6. By industry
Chapter 13. Singapore Power Transformers Market Analysis
13.1. Key Insights
13.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & Units)
13.2.1. By Transformer Type
13.2.2. By Equipment
13.2.3. By Cooling Technique
13.2.4. By Insulation Material
13.2.5. By Voltage
13.2.6. By industry
Chapter 14. Vietnam Power Transformers Market Analysis
14.1. Key Insights
14.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & Units)
14.2.1. By Transformer Type
14.2.2. By Equipment
14.2.3. By Cooling Technique
14.2.4. By Insulation Material
14.2.5. By Voltage
14.2.6. By industry
Chapter 15. Indonesia Power Transformers Market Analysis
15.1. Key Insights
15.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & Units)
15.2.1. By Transformer Type
15.2.2. By Equipment
15.2.3. By Cooling Technique
15.2.4. By Insulation Material
15.2.5. By Voltage
15.2.6. By industry
Chapter 16. Malaysia Power Transformers Market Analysis
16.1. Key Insights
16.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & Units)
16.2.1. By Transformer Type
16.2.2. By Equipment
16.2.3. By Cooling Technique
16.2.4. By Insulation Material
16.2.5. By Voltage
16.2.6. By industry
Chapter 17. Philippines Power Transformers Market Analysis
17.1. Key Insights
17.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & Units)
17.2.1. By Transformer Type
17.2.2. By Equipment
17.2.3. By Cooling Technique
17.2.4. By Insulation Material
17.2.5. By Voltage
17.2.6. By industry
Chapter 18. Cambodia Power Transformers Market Analysis
18.1. Key Insights
18.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & Units)
18.2.1. By Transformer Type
18.2.2. By Equipment
18.2.3. By Cooling Technique
18.2.4. By Insulation Material
18.2.5. By Voltage
18.2.6. By industry
16.2.6. By industry
Chapter 19. Rest of ASEAN Power Transformers Market Analysis
19.1. Key Insights
19.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & Units)
19.2.1. By Transformer Type
19.2.2. By Equipment
19.2.3. By Cooling Technique
19.2.4. By Insulation Material
19.2.5. By Voltage
19.2.6. By industry
Chapter 20. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook)
20.1. CG Power and Industrial Solutions Ltd.
20.2. Siemens AG
20.3. Schneider Electric SE
20.4. TBEA Co. Ltd.
20.5. EMCO Ltd.
20.6. Kirloskar Electric Co. Ltd.
20.7. Toshiba Corporation
20.8. Hitachi Ltd.
20.9. Bharat Heavy Electricals Ltd.
20.10. General Electric Company
20.11. Other Prominent Players

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • CG Power and Industrial Solutions Ltd.
  • Siemens AG
  • Schneider Electric SE
  • TBEA Co. Ltd.
  • EMCO Ltd.
  • Kirloskar Electric Co. Ltd.
  • Toshiba Corporation
  • Hitachi Ltd.
  • Bharat Heavy Electricals Ltd.
  • General Electric Company

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