The Latin America, Middle East and Africa Oil Immersed Power Transformer Market would witness market growth of 7.9% CAGR during the forecast period (2023-2030).
The market is dynamic, influenced by several trends reflecting broader shifts in the energy landscape. These trends profoundly shape the market, influencing product development, market strategies, and customer expectations. Environmental consciousness is driving a shift towards eco-friendly insulating oils. Manufacturers are exploring alternative oils with lower environmental impact, addressing oil spills and disposal concerns.
Additionally, the integration of smart technologies into power transformers is gaining traction. Smart transformers with sensors, communication capabilities, and advanced monitoring systems enhance grid intelligence, enabling real-time performance monitoring and predictive maintenance. Smart transformers are designed with communication interfaces that enable them to share data with other devices and systems within the grid. This communication capability facilitates seamless integration into smart grid architectures, enhancing coordination and control.
The UAE has experienced significant population growth and rapid urbanization, particularly in cities like Dubai and Abu Dhabi. Population density and urban development increase lead to a higher demand for electricity to power residential, commercial, and industrial infrastructure. The UAE has been investing in sectors other than oil and gas to diversify its economy. This economic diversification has led to the growth of industries that require substantial electrical power. Industries such as manufacturing, technology, and hospitality contribute to the overall rise in electricity consumption. As per the data published in 2023 by the International Energy Agency, total electricity capacity in the UAE grew by almost 10 gigawatts (GW) from 2012 to 2021. Hence, rising energy consumption in the LAMEA will lead to enhanced growth in the regional market.
The Brazil market dominated the LAMEA Oil Immersed Power Transformer Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $584.1 Million by 2030. The Argentina market is showcasing a CAGR of 8.5% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7.6% during (2023 - 2030).
Free Valuable Insights: The Worldwide Oil Immersed Power Transformer Market is Projected to reach USD 31.5 Billion by 2030, at a CAGR of 6.1%
Based on Phase, the market is segmented into Three, and Single. Based on Installation, the market is segmented into Pad-mounted, Pole-mounted, and Substation Installation. Based on Voltage, the market is segmented into High, Medium, and Low. Based on End User, the market is segmented into Utilities, Industrial, and Residential & Commercial. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- ABB Group
- Siemens AG
- Schneider Electric SE
- Eaton Corporation PLC
- Hitachi, Ltd. (Hitachi Energy Ltd.)
- General Electric Company
- Fuji Electric Co. Ltd.
- Toshiba Corporation
- Voltamp Transformers Limited
- YueBian Electric Co.,Ltd.
LAMEA Oil Immersed Power Transformer Market Report Segmentation
By Phase
By Installation
- Pad-mounted
- Pole-mounted
- Substation Installation
By Voltage
By End User
- Utilities
- Industrial
- Residential & Commercial
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
TABLE 1 LAMEA Oil Immersed Power Transformer Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Oil Immersed Power Transformer Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Oil Immersed Power Transformer Market by Phase, 2019 - 2022, USD Million
TABLE 4 LAMEA Oil Immersed Power Transformer Market by Phase, 2023 - 2030, USD Million
TABLE 5 LAMEA Three Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Three Market by Country, 2023 - 2030, USD Million
TABLE 7 LAMEA Single Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Single Market by Country, 2023 - 2030, USD Million
TABLE 9 LAMEA Oil Immersed Power Transformer Market by Installation, 2019 - 2022, USD Million
TABLE 10 LAMEA Oil Immersed Power Transformer Market by Installation, 2023 - 2030, USD Million
TABLE 11 LAMEA Pad-mounted Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Pad-mounted Market by Country, 2023 - 2030, USD Million
TABLE 13 LAMEA Pole-mounted Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Pole-mounted Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Substation Installation Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Substation Installation Market by Country, 2023 - 2030, USD Million
TABLE 17 LAMEA Oil Immersed Power Transformer Market by Voltage, 2019 - 2022, USD Million
TABLE 18 LAMEA Oil Immersed Power Transformer Market by Voltage, 2023 - 2030, USD Million
TABLE 19 LAMEA High Market by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA High Market by Country, 2023 - 2030, USD Million
TABLE 21 LAMEA Medium Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Medium Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Low Market by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA Low Market by Country, 2023 - 2030, USD Million
TABLE 25 LAMEA Oil Immersed Power Transformer Market by End User, 2019 - 2022, USD Million
TABLE 26 LAMEA Oil Immersed Power Transformer Market by End User, 2023 - 2030, USD Million
TABLE 27 LAMEA Utilities Market by Country, 2019 - 2022, USD Million
TABLE 28 LAMEA Utilities Market by Country, 2023 - 2030, USD Million
TABLE 29 LAMEA Industrial Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Industrial Market by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA Residential & Commercial Market by Country, 2019 - 2022, USD Million
TABLE 32 LAMEA Residential & Commercial Market by Country, 2023 - 2030, USD Million
TABLE 33 LAMEA Oil Immersed Power Transformer Market by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Oil Immersed Power Transformer Market by Country, 2023 - 2030, USD Million
TABLE 35 Brazil Oil Immersed Power Transformer Market, 2019 - 2022, USD Million
TABLE 36 Brazil Oil Immersed Power Transformer Market, 2023 - 2030, USD Million
TABLE 37 Brazil Oil Immersed Power Transformer Market by Phase, 2019 - 2022, USD Million
TABLE 38 Brazil Oil Immersed Power Transformer Market by Phase, 2023 - 2030, USD Million
TABLE 39 Brazil Oil Immersed Power Transformer Market by Installation, 2019 - 2022, USD Million
TABLE 40 Brazil Oil Immersed Power Transformer Market by Installation, 2023 - 2030, USD Million
TABLE 41 Brazil Oil Immersed Power Transformer Market by Voltage, 2019 - 2022, USD Million
TABLE 42 Brazil Oil Immersed Power Transformer Market by Voltage, 2023 - 2030, USD Million
TABLE 43 Brazil Oil Immersed Power Transformer Market by End User, 2019 - 2022, USD Million
TABLE 44 Brazil Oil Immersed Power Transformer Market by End User, 2023 - 2030, USD Million
TABLE 45 Argentina Oil Immersed Power Transformer Market, 2019 - 2022, USD Million
TABLE 46 Argentina Oil Immersed Power Transformer Market, 2023 - 2030, USD Million
TABLE 47 Argentina Oil Immersed Power Transformer Market by Phase, 2019 - 2022, USD Million
TABLE 48 Argentina Oil Immersed Power Transformer Market by Phase, 2023 - 2030, USD Million
TABLE 49 Argentina Oil Immersed Power Transformer Market by Installation, 2019 - 2022, USD Million
TABLE 50 Argentina Oil Immersed Power Transformer Market by Installation, 2023 - 2030, USD Million
TABLE 51 Argentina Oil Immersed Power Transformer Market by Voltage, 2019 - 2022, USD Million
TABLE 52 Argentina Oil Immersed Power Transformer Market by Voltage, 2023 - 2030, USD Million
TABLE 53 Argentina Oil Immersed Power Transformer Market by End User, 2019 - 2022, USD Million
TABLE 54 Argentina Oil Immersed Power Transformer Market by End User, 2023 - 2030, USD Million
TABLE 55 UAE Oil Immersed Power Transformer Market, 2019 - 2022, USD Million
TABLE 56 UAE Oil Immersed Power Transformer Market, 2023 - 2030, USD Million
TABLE 57 UAE Oil Immersed Power Transformer Market by Phase, 2019 - 2022, USD Million
TABLE 58 UAE Oil Immersed Power Transformer Market by Phase, 2023 - 2030, USD Million
TABLE 59 UAE Oil Immersed Power Transformer Market by Installation, 2019 - 2022, USD Million
TABLE 60 UAE Oil Immersed Power Transformer Market by Installation, 2023 - 2030, USD Million
TABLE 61 UAE Oil Immersed Power Transformer Market by Voltage, 2019 - 2022, USD Million
TABLE 62 UAE Oil Immersed Power Transformer Market by Voltage, 2023 - 2030, USD Million
TABLE 63 UAE Oil Immersed Power Transformer Market by End User, 2019 - 2022, USD Million
TABLE 64 UAE Oil Immersed Power Transformer Market by End User, 2023 - 2030, USD Million
TABLE 65 Saudi Arabia Oil Immersed Power Transformer Market, 2019 - 2022, USD Million
TABLE 66 Saudi Arabia Oil Immersed Power Transformer Market, 2023 - 2030, USD Million
TABLE 67 Saudi Arabia Oil Immersed Power Transformer Market by Phase, 2019 - 2022, USD Million
TABLE 68 Saudi Arabia Oil Immersed Power Transformer Market by Phase, 2023 - 2030, USD Million
TABLE 69 Saudi Arabia Oil Immersed Power Transformer Market by Installation, 2019 - 2022, USD Million
TABLE 70 Saudi Arabia Oil Immersed Power Transformer Market by Installation, 2023 - 2030, USD Million
TABLE 71 Saudi Arabia Oil Immersed Power Transformer Market by Voltage, 2019 - 2022, USD Million
TABLE 72 Saudi Arabia Oil Immersed Power Transformer Market by Voltage, 2023 - 2030, USD Million
TABLE 73 Saudi Arabia Oil Immersed Power Transformer Market by End User, 2019 - 2022, USD Million
TABLE 74 Saudi Arabia Oil Immersed Power Transformer Market by End User, 2023 - 2030, USD Million
TABLE 75 South Africa Oil Immersed Power Transformer Market, 2019 - 2022, USD Million
TABLE 76 South Africa Oil Immersed Power Transformer Market, 2023 - 2030, USD Million
TABLE 77 South Africa Oil Immersed Power Transformer Market by Phase, 2019 - 2022, USD Million
TABLE 78 South Africa Oil Immersed Power Transformer Market by Phase, 2023 - 2030, USD Million
TABLE 79 South Africa Oil Immersed Power Transformer Market by Installation, 2019 - 2022, USD Million
TABLE 80 South Africa Oil Immersed Power Transformer Market by Installation, 2023 - 2030, USD Million
TABLE 81 South Africa Oil Immersed Power Transformer Market by Voltage, 2019 - 2022, USD Million
TABLE 82 South Africa Oil Immersed Power Transformer Market by Voltage, 2023 - 2030, USD Million
TABLE 83 South Africa Oil Immersed Power Transformer Market by End User, 2019 - 2022, USD Million
TABLE 84 South Africa Oil Immersed Power Transformer Market by End User, 2023 - 2030, USD Million
TABLE 85 Nigeria Oil Immersed Power Transformer Market, 2019 - 2022, USD Million
TABLE 86 Nigeria Oil Immersed Power Transformer Market, 2023 - 2030, USD Million
TABLE 87 Nigeria Oil Immersed Power Transformer Market by Phase, 2019 - 2022, USD Million
TABLE 88 Nigeria Oil Immersed Power Transformer Market by Phase, 2023 - 2030, USD Million
TABLE 89 Nigeria Oil Immersed Power Transformer Market by Installation, 2019 - 2022, USD Million
TABLE 90 Nigeria Oil Immersed Power Transformer Market by Installation, 2023 - 2030, USD Million
TABLE 91 Nigeria Oil Immersed Power Transformer Market by Voltage, 2019 - 2022, USD Million
TABLE 92 Nigeria Oil Immersed Power Transformer Market by Voltage, 2023 - 2030, USD Million
TABLE 93 Nigeria Oil Immersed Power Transformer Market by End User, 2019 - 2022, USD Million
TABLE 94 Nigeria Oil Immersed Power Transformer Market by End User, 2023 - 2030, USD Million
TABLE 95 Rest of LAMEA Oil Immersed Power Transformer Market, 2019 - 2022, USD Million
TABLE 96 Rest of LAMEA Oil Immersed Power Transformer Market, 2023 - 2030, USD Million
TABLE 97 Rest of LAMEA Oil Immersed Power Transformer Market by Phase, 2019 - 2022, USD Million
TABLE 98 Rest of LAMEA Oil Immersed Power Transformer Market by Phase, 2023 - 2030, USD Million
TABLE 99 Rest of LAMEA Oil Immersed Power Transformer Market by Installation, 2019 - 2022, USD Million
TABLE 100 Rest of LAMEA Oil Immersed Power Transformer Market by Installation, 2023 - 2030, USD Million
TABLE 101 Rest of LAMEA Oil Immersed Power Transformer Market by Voltage, 2019 - 2022, USD Million
TABLE 102 Rest of LAMEA Oil Immersed Power Transformer Market by Voltage, 2023 - 2030, USD Million
TABLE 103 Rest of LAMEA Oil Immersed Power Transformer Market by End User, 2019 - 2022, USD Million
TABLE 104 Rest of LAMEA Oil Immersed Power Transformer Market by End User, 2023 - 2030, USD Million
TABLE 105 Key Information – Voltamp Transformers Limited
TABLE 106 Key Information – YueBian Electric Co.,Ltd.
TABLE 107 Key Information – ABB Group
TABLE 108 Key Information – Siemens AG
TABLE 109 Key Information – Schneider Electric SE
TABLE 110 Key Information – Eaton Corporation PLC
TABLE 111 Key Information – Hitachi, Ltd.
TABLE 112 Key Information – General Electric Company
TABLE 113 Key Information – Fuji Electric Co., Ltd.
TABLE 114 Key Information – Toshiba Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Oil Immersed Power Transformer Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Oil Immersed Power Transformer Market
FIG 4 Market Share Analysis, 2022
FIG 5 Porter’s Five Forces Analysis – Oil Immersed Power Transformer Market
FIG 6 LAMEA Oil Immersed Power Transformer Market share by Phase, 2022
FIG 7 LAMEA Oil Immersed Power Transformer Market share by Phase, 2030
FIG 8 LAMEA Oil Immersed Power Transformer Market by Phase, 2019 - 2030, USD Million
FIG 9 LAMEA Oil Immersed Power Transformer Market share by Installation, 2022
FIG 10 LAMEA Oil Immersed Power Transformer Market share by Installation, 2030
FIG 11 LAMEA Oil Immersed Power Transformer Market by Installation, 2019 - 2030, USD Million
FIG 12 LAMEA Oil Immersed Power Transformer Market share by Voltage, 2022
FIG 13 LAMEA Oil Immersed Power Transformer Market share by Voltage, 2030
FIG 14 LAMEA Oil Immersed Power Transformer Market by Voltage, 2019 - 2030, USD Million
FIG 15 LAMEA Oil Immersed Power Transformer Market share by End User, 2022
FIG 16 LAMEA Oil Immersed Power Transformer Market share by End User, 2030
FIG 17 LAMEA Oil Immersed Power Transformer Market by End User, 2019 - 2030, USD Million
FIG 18 LAMEA Oil Immersed Power Transformer Market share by Country, 2022
FIG 19 LAMEA Oil Immersed Power Transformer Market share by Country, 2030
FIG 20 LAMEA Oil Immersed Power Transformer Market by Country, 2019 - 2030, USD Million
FIG 21 SWOT Analysis: ABB Group
FIG 22 SWOT Analysis: Siemens AG
FIG 23 SWOT Analysis: Schneider Electric SE
FIG 24 SWOT Analysis: Eaton Corporation PLC
FIG 25 Recent strategies and developments: Hitachi, Ltd.
FIG 26 SWOT Analysis: General electric (GE) Co.
FIG 27 SWOT Analysis: Fuji Electric Co., Ltd.
FIG 28 SWOT Analysis: Toshiba Corporation