Asia Pacific Power Transformer Market Size, Share & Industry Trends Analysis Report By Insulation (Oil, Gas, Air, Solid and Others), By Application, By Rating, By Phase, By Core (Shell, Closed and Berry), By Country and Growth Forecast, 2022 - 2028

The Asia Pacific Power Transformer Market would witness market growth of 7.2% CAGR during the forecast period (2022-2028).

Power transformers are essential devices that assist in connecting generating stations to transmission networks. It is expected that rise in the usage of renewable and non-renewable energy resources will propel the power transformer market throughout the predicted period. Power transformers form an important part of the power grid.

Rising consciousness about the excess release of CO2 and other greenhouse gases will increase the usage of smart grids. Smart grids enable the monitoring of grid instruments in remote areas and also allow to react instantly to the fluctuating power demand. Smart power transformers are being utilized more because of their benefits.

Strict government regulations regarding the release of carbon are predicted to remain stringent throughout the upcoming years, thus, offering the development opportunities to the power transformer market. The emergence of renewable power sources and growth in demand for electricity raise the acceptance of high voltage transmission technologies like HVDC, HVAC, and UHV power transformers. Several nations like China are already utilizing ultra-high-voltage transmission technology.

In 2015, NSGM (national smart grid mission) was initiated by the government of India to monitor and plan the application of programs and policies linked to smart grid programmes in India. The main objective of the smart grids is to enhance the reliability of the electronic networks and create a grid obedient to the inputs of renewable energy by distributed generation. Moreover, efficiencies grown with smart meters and smart grids enable customers to control their electricity consumption in an improved way and assist them in decreasing their bills. This will accelerate the growth of the power transformers market in the upcoming years.

The China market dominated the Asia Pacific Power Transformer Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,884.7 Million by 2028. The Japan market is estimated to grow a CAGR of 6.5% during (2022 - 2028). Additionally, The India market would experience a CAGR of 7.8% during (2022 - 2028).

Based on Insulation, the market is segmented into Oil, Gas, Air, Solid and Others. Based on Application, the market is segmented into Industrial, Residential & Commercial and Utilities. Based on Rating, the market is segmented into 100 MVA to 500 MVA, 501 MVA to 800 MVA and 801 MVA to 1,200 MVA. Based on Phase, the market is segmented into Three and Single. Based on Core, the market is segmented into Shell, Closed and Berry. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: The Worldwide Power Transformer Market is Projected to reach USD 33.7 Billion by 2028, at a CAGR of 6.8%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Toshiba Corporation, ABB Group, General Electric Company, Siemens Energy AG, Alstom SA, Mitsubishi Electric Corporation, Hyosung Heavy Industries Corporation, CG Power & Industrial Solutions Ltd. (Murugappa Group), Hyundai Construction Equipment Co., Ltd. (Hyundai Heavy Industries Co., Ltd.), and Bharat Heavy Electricals Ltd.

Scope of the Study

Market Segments Covered in the Report:

By Insulation

• Oil
• Gas
• Air
• Solid
• Others

By Application

• Industrial
• Residential & Commercial
• Utilities

By Rating

• 100 MVA to 500 MVA
• 501 MVA to 800 MVA
• 801 MVA to 1,200 MVA

By Phase

• Three
• Single

By Core

• Shell
• Closed
• Berry

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

• Toshiba Corporation
• ABB Group
• General Electric Company
• Siemens Energy AG
• Alstom SA
• Mitsubishi Electric Corporation
• Hyosung Heavy Industries Corporation
• CG Power & Industrial Solutions Ltd. (Murugappa Group)
• Hyundai Construction Equipment Co., Ltd. (Hyundai Heavy Industries Co., Ltd.)
• Bharat Heavy Electricals Ltd.

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Power Transformer Market, by Insulation
1.4.2 Asia Pacific Power Transformer Market, by Application
1.4.3 Asia Pacific Power Transformer Market, by Rating
1.4.4 Asia Pacific Power Transformer Market, by Phase
1.4.5 Asia Pacific Power Transformer Market, by Core
1.4.6 Asia Pacific Power Transformer Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Asia Pacific Power Transformer Market by Insulation
3.1 Asia Pacific Oil Market by Country
3.2 Asia Pacific Gas Market by Country
3.3 Asia Pacific Air Market by Country
3.4 Asia Pacific Solid Market by Country
3.5 Asia Pacific Others Market by Country

Chapter 4. Asia Pacific Power Transformer Market by Application
4.1 Asia Pacific Industrial Market by Country
4.2 Asia Pacific Residential & Commercial Market by Country
4.3 Asia Pacific Utilities Market by Country

Chapter 5. Asia Pacific Power Transformer Market by Rating
5.1 Asia Pacific 100 MVA to 500 MVA Market by Country
5.2 Asia Pacific 501 MVA to 800 MVA Market by Country
5.3 Asia Pacific 801 MVA to 1,200 MVA Market by Country

Chapter 6. Asia Pacific Power Transformer Market by Phase
6.1 Asia Pacific Three Market by Country
6.2 Asia Pacific Single Market by Country

Chapter 7. Asia Pacific Power Transformer Market by Core
7.1 Asia Pacific Shell Market by Country
7.2 Asia Pacific Closed Market by Country
7.3 Asia Pacific Berry Market by Country

Chapter 8. Asia Pacific Power Transformer Market by Country
8.1 China Power Transformer Market
8.1.1 China Power Transformer Market by Insulation
8.1.2 China Power Transformer Market by Application
8.1.3 China Power Transformer Market by Rating
8.1.4 China Power Transformer Market by Phase
8.1.5 China Power Transformer Market by Core
8.2 Japan Power Transformer Market
8.2.1 Japan Power Transformer Market by Insulation
8.2.2 Japan Power Transformer Market by Application
8.2.3 Japan Power Transformer Market by Rating
8.2.4 Japan Power Transformer Market by Phase
8.2.5 Japan Power Transformer Market by Core
8.3 India Power Transformer Market
8.3.1 India Power Transformer Market by Insulation
8.3.2 India Power Transformer Market by Application
8.3.3 India Power Transformer Market by Rating
8.3.4 India Power Transformer Market by Phase
8.3.5 India Power Transformer Market by Core
8.4 South Korea Power Transformer Market
8.4.1 South Korea Power Transformer Market by Insulation
8.4.2 South Korea Power Transformer Market by Application
8.4.3 South Korea Power Transformer Market by Rating
8.4.4 South Korea Power Transformer Market by Phase
8.4.5 South Korea Power Transformer Market by Core
8.5 Singapore Power Transformer Market
8.5.1 Singapore Power Transformer Market by Insulation
8.5.2 Singapore Power Transformer Market by Application
8.5.3 Singapore Power Transformer Market by Rating
8.5.4 Singapore Power Transformer Market by Phase
8.5.5 Singapore Power Transformer Market by Core
8.6 Malaysia Power Transformer Market
8.6.1 Malaysia Power Transformer Market by Insulation
8.6.2 Malaysia Power Transformer Market by Application
8.6.3 Malaysia Power Transformer Market by Rating
8.6.4 Malaysia Power Transformer Market by Phase
8.6.5 Malaysia Power Transformer Market by Core
8.7 Rest of Asia Pacific Power Transformer Market
8.7.1 Rest of Asia Pacific Power Transformer Market by Insulation
8.7.2 Rest of Asia Pacific Power Transformer Market by Application
8.7.3 Rest of Asia Pacific Power Transformer Market by Rating
8.7.4 Rest of Asia Pacific Power Transformer Market by Phase
8.7.5 Rest of Asia Pacific Power Transformer Market by Core

Chapter 9. Company Profiles
9.1 Toshiba Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research and Development Expense
9.1.5 SWOT Analysis
9.2 ABB Group
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Acquisitions and Mergers:
9.2.6 SWOT Analysis
9.3 General Electric Company
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 SWOT Analysis
9.4 Siemens Energy AG
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Product Launches and Product Expansions:
9.5 Alstom SA
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.6 Mitsubishi Electric Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Acquisitions and Mergers:
9.7 Hyosung Heavy Industries Corporation
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Research & Development Expenses
9.8 CG Power & Industrial Solutions Ltd. (Murugappa Group)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.9 Hyundai Construction Equipment Co., Ltd. (Hyundai Heavy Industries Co., Ltd.)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.10. Bharat Heavy Electricals Ltd.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental Analysis

TABLE 1 Asia Pacific Power Transformer Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Power Transformer Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Power Transformer Market by Insulation, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Power Transformer Market by Insulation, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Oil Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Oil Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Gas Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Gas Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Air Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Air Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Solid Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Solid Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Power Transformer Market by Application, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Power Transformer Market by Application, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Industrial Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Industrial Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Residential & Commercial Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Residential & Commercial Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Utilities Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Utilities Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Power Transformer Market by Rating, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Power Transformer Market by Rating, 2022 - 2028, USD Million
TABLE 25 Asia Pacific 100 MVA to 500 MVA Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific 100 MVA to 500 MVA Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific 501 MVA to 800 MVA Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific 501 MVA to 800 MVA Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific 801 MVA to 1,200 MVA Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific 801 MVA to 1,200 MVA Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Power Transformer Market by Phase, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Power Transformer Market by Phase, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Three Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Three Market by Country, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Single Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Single Market by Country, 2022 - 2028, USD Million
TABLE 37 Asia Pacific Power Transformer Market by Core, 2018 - 2021, USD Million
TABLE 38 Asia Pacific Power Transformer Market by Core, 2022 - 2028, USD Million
TABLE 39 Asia Pacific Shell Market by Country, 2018 - 2021, USD Million
TABLE 40 Asia Pacific Shell Market by Country, 2022 - 2028, USD Million
TABLE 41 Asia Pacific Closed Market by Country, 2018 - 2021, USD Million
TABLE 42 Asia Pacific Closed Market by Country, 2022 - 2028, USD Million
TABLE 43 Asia Pacific Berry Market by Country, 2018 - 2021, USD Million
TABLE 44 Asia Pacific Berry Market by Country, 2022 - 2028, USD Million
TABLE 45 Asia Pacific Power Transformer Market by Country, 2018 - 2021, USD Million
TABLE 46 Asia Pacific Power Transformer Market by Country, 2022 - 2028, USD Million
TABLE 47 China Power Transformer Market, 2018 - 2021, USD Million
TABLE 48 China Power Transformer Market, 2022 - 2028, USD Million
TABLE 49 China Power Transformer Market by Insulation, 2018 - 2021, USD Million
TABLE 50 China Power Transformer Market by Insulation, 2022 - 2028, USD Million
TABLE 51 China Power Transformer Market by Application, 2018 - 2021, USD Million
TABLE 52 China Power Transformer Market by Application, 2022 - 2028, USD Million
TABLE 53 China Power Transformer Market by Rating, 2018 - 2021, USD Million
TABLE 54 China Power Transformer Market by Rating, 2022 - 2028, USD Million
TABLE 55 China Power Transformer Market by Phase, 2018 - 2021, USD Million
TABLE 56 China Power Transformer Market by Phase, 2022 - 2028, USD Million
TABLE 57 China Power Transformer Market by Core, 2018 - 2021, USD Million
TABLE 58 China Power Transformer Market by Core, 2022 - 2028, USD Million
TABLE 59 Japan Power Transformer Market, 2018 - 2021, USD Million
TABLE 60 Japan Power Transformer Market, 2022 - 2028, USD Million
TABLE 61 Japan Power Transformer Market by Insulation, 2018 - 2021, USD Million
TABLE 62 Japan Power Transformer Market by Insulation, 2022 - 2028, USD Million
TABLE 63 Japan Power Transformer Market by Application, 2018 - 2021, USD Million
TABLE 64 Japan Power Transformer Market by Application, 2022 - 2028, USD Million
TABLE 65 Japan Power Transformer Market by Rating, 2018 - 2021, USD Million
TABLE 66 Japan Power Transformer Market by Rating, 2022 - 2028, USD Million
TABLE 67 Japan Power Transformer Market by Phase, 2018 - 2021, USD Million
TABLE 68 Japan Power Transformer Market by Phase, 2022 - 2028, USD Million
TABLE 69 Japan Power Transformer Market by Core, 2018 - 2021, USD Million
TABLE 70 Japan Power Transformer Market by Core, 2022 - 2028, USD Million
TABLE 71 India Power Transformer Market, 2018 - 2021, USD Million
TABLE 72 India Power Transformer Market, 2022 - 2028, USD Million
TABLE 73 India Power Transformer Market by Insulation, 2018 - 2021, USD Million
TABLE 74 India Power Transformer Market by Insulation, 2022 - 2028, USD Million
TABLE 75 India Power Transformer Market by Application, 2018 - 2021, USD Million
TABLE 76 India Power Transformer Market by Application, 2022 - 2028, USD Million
TABLE 77 India Power Transformer Market by Rating, 2018 - 2021, USD Million
TABLE 78 India Power Transformer Market by Rating, 2022 - 2028, USD Million
TABLE 79 India Power Transformer Market by Phase, 2018 - 2021, USD Million
TABLE 80 India Power Transformer Market by Phase, 2022 - 2028, USD Million
TABLE 81 India Power Transformer Market by Core, 2018 - 2021, USD Million
TABLE 82 India Power Transformer Market by Core, 2022 - 2028, USD Million
TABLE 83 South Korea Power Transformer Market, 2018 - 2021, USD Million
TABLE 84 South Korea Power Transformer Market, 2022 - 2028, USD Million
TABLE 85 South Korea Power Transformer Market by Insulation, 2018 - 2021, USD Million
TABLE 86 South Korea Power Transformer Market by Insulation, 2022 - 2028, USD Million
TABLE 87 South Korea Power Transformer Market by Application, 2018 - 2021, USD Million
TABLE 88 South Korea Power Transformer Market by Application, 2022 - 2028, USD Million
TABLE 89 South Korea Power Transformer Market by Rating, 2018 - 2021, USD Million
TABLE 90 South Korea Power Transformer Market by Rating, 2022 - 2028, USD Million
TABLE 91 South Korea Power Transformer Market by Phase, 2018 - 2021, USD Million
TABLE 92 South Korea Power Transformer Market by Phase, 2022 - 2028, USD Million
TABLE 93 South Korea Power Transformer Market by Core, 2018 - 2021, USD Million
TABLE 94 South Korea Power Transformer Market by Core, 2022 - 2028, USD Million
TABLE 95 Singapore Power Transformer Market, 2018 - 2021, USD Million
TABLE 96 Singapore Power Transformer Market, 2022 - 2028, USD Million
TABLE 97 Singapore Power Transformer Market by Insulation, 2018 - 2021, USD Million
TABLE 98 Singapore Power Transformer Market by Insulation, 2022 - 2028, USD Million
TABLE 99 Singapore Power Transformer Market by Application, 2018 - 2021, USD Million
TABLE 100 Singapore Power Transformer Market by Application, 2022 - 2028, USD Million
TABLE 101 Singapore Power Transformer Market by Rating, 2018 - 2021, USD Million
TABLE 102 Singapore Power Transformer Market by Rating, 2022 - 2028, USD Million
TABLE 103 Singapore Power Transformer Market by Phase, 2018 - 2021, USD Million
TABLE 104 Singapore Power Transformer Market by Phase, 2022 - 2028, USD Million
TABLE 105 Singapore Power Transformer Market by Core, 2018 - 2021, USD Million
TABLE 106 Singapore Power Transformer Market by Core, 2022 - 2028, USD Million
TABLE 107 Malaysia Power Transformer Market, 2018 - 2021, USD Million
TABLE 108 Malaysia Power Transformer Market, 2022 - 2028, USD Million
TABLE 109 Malaysia Power Transformer Market by Insulation, 2018 - 2021, USD Million
TABLE 110 Malaysia Power Transformer Market by Insulation, 2022 - 2028, USD Million
TABLE 111 Malaysia Power Transformer Market by Application, 2018 - 2021, USD Million
TABLE 112 Malaysia Power Transformer Market by Application, 2022 - 2028, USD Million
TABLE 113 Malaysia Power Transformer Market by Rating, 2018 - 2021, USD Million
TABLE 114 Malaysia Power Transformer Market by Rating, 2022 - 2028, USD Million
TABLE 115 Malaysia Power Transformer Market by Phase, 2018 - 2021, USD Million
TABLE 116 Malaysia Power Transformer Market by Phase, 2022 - 2028, USD Million
TABLE 117 Malaysia Power Transformer Market by Core, 2018 - 2021, USD Million
TABLE 118 Malaysia Power Transformer Market by Core, 2022 - 2028, USD Million
TABLE 119 Rest of Asia Pacific Power Transformer Market, 2018 - 2021, USD Million
TABLE 120 Rest of Asia Pacific Power Transformer Market, 2022 - 2028, USD Million
TABLE 121 Rest of Asia Pacific Power Transformer Market by Insulation, 2018 - 2021, USD Million
TABLE 122 Rest of Asia Pacific Power Transformer Market by Insulation, 2022 - 2028, USD Million
TABLE 123 Rest of Asia Pacific Power Transformer Market by Application, 2018 - 2021, USD Million
TABLE 124 Rest of Asia Pacific Power Transformer Market by Application, 2022 - 2028, USD Million
TABLE 125 Rest of Asia Pacific Power Transformer Market by Rating, 2018 - 2021, USD Million
TABLE 126 Rest of Asia Pacific Power Transformer Market by Rating, 2022 - 2028, USD Million
TABLE 127 Rest of Asia Pacific Power Transformer Market by Phase, 2018 - 2021, USD Million
TABLE 128 Rest of Asia Pacific Power Transformer Market by Phase, 2022 - 2028, USD Million
TABLE 129 Rest of Asia Pacific Power Transformer Market by Core, 2018 - 2021, USD Million
TABLE 130 Rest of Asia Pacific Power Transformer Market by Core, 2022 - 2028, USD Million
TABLE 131 Key Information – Toshiba Corporation
TABLE 132 Key Information – ABB Group
TABLE 133 KEY INFORMATION – GENERAL ELECTRIC Company
TABLE 134 Key Information – Siemens Energy AG
TABLE 135 Key Information – aLSTOM SA
TABLE 136 key information – Mitsubishi Electric Corporation
TABLE 137 Key Information – Hyosung Heavy Industries Corporation
TABLE 138 Key Information – CG Power & Industrial Solutions Ltd.
TABLE 139 Key Information – Hyundai Construction Equipment Co., Ltd.
TABLE 140 Key information – Bharat Heavy Electricals Ltd.

List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Toshiba Corporation
FIG 3 SWOT Analysis: ABB Group
FIG 4 Swot analysis: General electric (GE) Co.
FIG 5 Recent strategies and developments: Siemens Energy AG