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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1443395
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1443395
Global Oil Immersed Power Transformer Market Size study & Forecast, by Installation, by Phase, by Voltage, by End User and Regional Analysis, 2023-2030
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Global Oil Immersed Power Transformer Market is valued at approximately USD 20.0 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.0% during the forecast period 2023-2030. Oil immersed power transformer is a type of electrical transformer where the core and windings are immersed in an insulating oil. The oil serves as both a cooling and insulating medium, providing effective heat dissipation and electrical insulation. The transformer's core is typically made of laminated steel, and the windings consist of copper or aluminum conductors. The key factors driving the market growth are increasing demand for electricity, rising adoption of renewable energy sources, and growing expansion and modernization of power grids that are anticipated to create the lucrative demand for the market during the forecast period 2023-2030.
Additionally, the growing global demand for electricity, driven by population growth, urbanization, and industrialization, contributes to the need for new power infrastructure, including transformers. According to Statista, in 2020, the electricity demand worldwide was 23,995 terawatt hours and it is anticipated to reach 29463 terawatt hours by 2030. As a result, the growing electricity demand globally is anticipated to support the market growth. Moreover, innovations in transformer management and smart grid technologies, and integration of energy storage solutions into power grids are anticipated to create the lucrative opportunities for the market. However, the aging infrastructure, and shortage of skilled workforce stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Oil Immersed Power Transformer Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the growing power demand, integration of renewable energy sources, investments in upgrading and modernizing the power grid infrastructure, and implementation of smart grid technologies. Whereas, the Asia Pacific is expected to grow with the fastest growth rate over the forecast period, owing to factors such as the increasing power demand, and growing infrastructure development projects, including the construction of smart cities, transportation networks, and power grids.
Major market player included in this report are:
- ABB (Switzerland)
- General Electric (US)
- Siemens (Germany)
- Schneider Electric (France)
- Mitsubishi Electric Corporation (Japan)
- Eaton Corporation (Ireland)
- Hitachi Ltd (Japan)
- Hyundai Electric (South Korea)
- Fuji Electric Global (Japan)
- Toshiba Corporation (Japan)
Recent Developments in the Market:
- In April 2022, ABB and Samsung Electronics joined forces to co-create cutting-edge technologies focused on promoting energy efficiency, optimizing energy administration, and seamlessly incorporating the Internet of Things (IoT) into both residential and commercial structures.
Global Oil Immersed Power Transformer Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Installation, Phase, Voltage, End User, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Installation:
- Pad-mounted
- Pole-mounted
- Substation Installation
By Phase:
- Single
- Three
By Voltage:
- Low
- Medium
- High
By End User:
- Industrial
- Residential & Commercial
- Utilities
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Oil Immersed Power Transformer Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Oil Immersed Power Transformer Market, by Installation, 2020-2030 (USD Billion)
- 1.2.3. Oil Immersed Power Transformer Market, by Phase, 2020-2030 (USD Billion)
- 1.2.4. Oil Immersed Power Transformer Market, by Voltage, 2020-2030 (USD Billion)
- 1.2.5. Oil Immersed Power Transformer Market, by End User, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Oil Immersed Power Transformer Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Oil Immersed Power Transformer Market Dynamics
- 3.1. Oil Immersed Power Transformer Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing demand for electricity
- 3.1.1.2. Rising adoption of renewable energy sources
- 3.1.1.3. Growing expansion and modernization of power grids
- 3.1.2. Market Challenges
- 3.1.2.1. Aging infrastructure and other operational constraints
- 3.1.2.2. Shortage of skilled workforce
- 3.1.3. Market Opportunities
- 3.1.3.1. Innovations in transformer management and smart grid technologies
- 3.1.3.2. Integration of energy storage solutions into power grids
- 3.1.1. Market Drivers
Chapter 4. Global Oil Immersed Power Transformer Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Oil Immersed Power Transformer Market, by Installation
- 5.1. Market Snapshot
- 5.2. Global Oil Immersed Power Transformer Market by Installation, Performance - Potential Analysis
- 5.3. Global Oil Immersed Power Transformer Market Estimates & Forecasts by Installation 2020-2030 (USD Billion)
- 5.4. Oil Immersed Power Transformer Market, Sub Segment Analysis
- 5.4.1. Pad-mounted
- 5.4.2. Pole-mounted
- 5.4.3. Substation Installation
Chapter 6. Global Oil Immersed Power Transformer Market, by Phase
- 6.1. Market Snapshot
- 6.2. Global Oil Immersed Power Transformer Market by Phase, Performance - Potential Analysis
- 6.3. Global Oil Immersed Power Transformer Market Estimates & Forecasts by Phase 2020-2030 (USD Billion)
- 6.4. Oil Immersed Power Transformer Market, Sub Segment Analysis
- 6.4.1. Single
- 6.4.2. Three
Chapter 7. Global Oil Immersed Power Transformer Market, by Voltage
- 7.1. Market Snapshot
- 7.2. Global Oil Immersed Power Transformer Market by Voltage, Performance - Potential Analysis
- 7.3. Global Oil Immersed Power Transformer Market Estimates & Forecasts by Voltage 2020-2030 (USD Billion)
- 7.4. Oil Immersed Power Transformer Market, Sub Segment Analysis
- 7.4.1. Low
- 7.4.2. Medium
- 7.4.3. High
Chapter 8. Global Oil Immersed Power Transformer Market, by End User
- 8.1. Market Snapshot
- 8.2. Global Oil Immersed Power Transformer Market by End User, Performance - Potential Analysis
- 8.3. Global Oil Immersed Power Transformer Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
- 8.4. Oil Immersed Power Transformer Market, Sub Segment Analysis
- 8.4.1. Industrial
- 8.4.2. Residential & Commercial
- 8.4.3. Utilities
Chapter 9. Global Oil Immersed Power Transformer Market, Regional Analysis
- 9.1. Top Leading Countries
- 9.2. Top Emerging Countries
- 9.3. Oil Immersed Power Transformer Market, Regional Market Snapshot
- 9.4. North America Oil Immersed Power Transformer Market
- 9.4.1. U.S. Oil Immersed Power Transformer Market
- 9.4.1.1. Installation breakdown estimates & forecasts, 2020-2030
- 9.4.1.2. Phase breakdown estimates & forecasts, 2020-2030
- 9.4.1.3. Voltage breakdown estimates & forecasts, 2020-2030
- 9.4.1.4. End User breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Oil Immersed Power Transformer Market
- 9.4.1. U.S. Oil Immersed Power Transformer Market
- 9.5. Europe Oil Immersed Power Transformer Market Snapshot
- 9.5.1. U.K. Oil Immersed Power Transformer Market
- 9.5.2. Germany Oil Immersed Power Transformer Market
- 9.5.3. France Oil Immersed Power Transformer Market
- 9.5.4. Spain Oil Immersed Power Transformer Market
- 9.5.5. Italy Oil Immersed Power Transformer Market
- 9.5.6. Rest of Europe Oil Immersed Power Transformer Market
- 9.6. Asia-Pacific Oil Immersed Power Transformer Market Snapshot
- 9.6.1. China Oil Immersed Power Transformer Market
- 9.6.2. India Oil Immersed Power Transformer Market
- 9.6.3. Japan Oil Immersed Power Transformer Market
- 9.6.4. Australia Oil Immersed Power Transformer Market
- 9.6.5. South Korea Oil Immersed Power Transformer Market
- 9.6.6. Rest of Asia Pacific Oil Immersed Power Transformer Market
- 9.7. Latin America Oil Immersed Power Transformer Market Snapshot
- 9.7.1. Brazil Oil Immersed Power Transformer Market
- 9.7.2. Mexico Oil Immersed Power Transformer Market
- 9.8. Middle East & Africa Oil Immersed Power Transformer Market
- 9.8.1. Saudi Arabia Oil Immersed Power Transformer Market
- 9.8.2. South Africa Oil Immersed Power Transformer Market
- 9.8.3. Rest of Middle East & Africa Oil Immersed Power Transformer Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. ABB (Switzerland)
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Recent Developments
- 10.3.2. General Electric (US)
- 10.3.3. Siemens (Germany)
- 10.3.4. Schneider Electric (France)
- 10.3.5. Mitsubishi Electric Corporation (Japan)
- 10.3.6. Eaton Corporation (Ireland)
- 10.3.7. Hitachi Ltd (Japan)
- 10.3.8. Hyundai Electric (South Korea)
- 10.3.9. Fuji Electric Global (Japan)
- 10.3.10. Toshiba corporation (Japan)
- 10.3.1. ABB (Switzerland)
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption
LIST OF TABLES
- TABLE 1. Global Oil Immersed Power Transformer Market, report scope
- TABLE 2. Global Oil Immersed Power Transformer Market estimates & forecasts by region 2020-2030 (USD Billion)
- TABLE 3. Global Oil Immersed Power Transformer Market estimates & forecasts by Installation 2020-2030 (USD Billion)
- TABLE 4. Global Oil Immersed Power Transformer Market estimates & forecasts by Phase 2020-2030 (USD Billion)
- TABLE 5. Global Oil Immersed Power Transformer Market estimates & forecasts by Voltage 2020-2030 (USD Billion)
- TABLE 6. Global Oil Immersed Power Transformer Market estimates & forecasts by End User 2020-2030 (USD Billion)
- TABLE 7. Global Oil Immersed Power Transformer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 8. Global Oil Immersed Power Transformer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 9. Global Oil Immersed Power Transformer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 10. Global Oil Immersed Power Transformer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 11. Global Oil Immersed Power Transformer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 12. Global Oil Immersed Power Transformer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 13. Global Oil Immersed Power Transformer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 14. Global Oil Immersed Power Transformer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 15. Global Oil Immersed Power Transformer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 16. Global Oil Immersed Power Transformer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 17. U.S. Oil Immersed Power Transformer Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 18. U.S. Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 19. U.S. Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 20. Canada Oil Immersed Power Transformer Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 21. Canada Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 22. Canada Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 23. UK Oil Immersed Power Transformer Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 24. UK Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 25. UK Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 26. Germany Oil Immersed Power Transformer Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 27. Germany Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 28. Germany Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 29. France Oil Immersed Power Transformer Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 30. France Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 31. France Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 32. Italy Oil Immersed Power Transformer Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 33. Italy Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 34. Italy Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 35. Spain Oil Immersed Power Transformer Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 36. Spain Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 37. Spain Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 38. RoE Oil Immersed Power Transformer Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 39. RoE Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 40. RoE Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 41. China Oil Immersed Power Transformer Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 42. China Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 43. China Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 44. India Oil Immersed Power Transformer Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 45. India Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 46. India Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 47. Japan Oil Immersed Power Transformer Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 48. Japan Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 49. Japan Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 50. South Korea Oil Immersed Power Transformer Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 51. South Korea Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 52. South Korea Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 53. Australia Oil Immersed Power Transformer Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 54. Australia Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 55. Australia Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 56. RoAPAC Oil Immersed Power Transformer Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 57. RoAPAC Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 58. RoAPAC Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 59. Brazil Oil Immersed Power Transformer Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 60. Brazil Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 61. Brazil Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 62. Mexico Oil Immersed Power Transformer Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 63. Mexico Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 64. Mexico Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 65. RoLA Oil Immersed Power Transformer Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 66. RoLA Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 67. RoLA Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 68. Saudi Arabia Oil Immersed Power Transformer Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 69. South Africa Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 70. RoMEA Oil Immersed Power Transformer Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 71. List of secondary sources, used in the study of global Oil Immersed Power Transformer Market
- TABLE 72. List of primary sources, used in the study of global Oil Immersed Power Transformer Market
- TABLE 73. Years considered for the study
- TABLE 74. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES
- FIG 1. Global Oil Immersed Power Transformer Market, research methodology
- FIG 2. Global Oil Immersed Power Transformer Market, Market estimation techniques
- FIG 3. Global Market size estimates & forecast methods
- FIG 4. Global Oil Immersed Power Transformer Market, key trends 2022
- FIG 5. Global Oil Immersed Power Transformer Market, growth prospects 2023-2030
- FIG 6. Global Oil Immersed Power Transformer Market, porters 5 force model
- FIG 7. Global Oil Immersed Power Transformer Market, pest analysis
- FIG 8. Global Oil Immersed Power Transformer Market, value chain analysis
- FIG 9. Global Oil Immersed Power Transformer Market by segment, 2020 & 2030 (USD Billion)
- FIG 10. Global Oil Immersed Power Transformer Market by segment, 2020 & 2030 (USD Billion)
- FIG 11. Global Oil Immersed Power Transformer Market by segment, 2020 & 2030 (USD Billion)
- FIG 12. Global Oil Immersed Power Transformer Market by segment, 2020 & 2030 (USD Billion)
- FIG 13. Global Oil Immersed Power Transformer Market by segment, 2020 & 2030 (USD Billion)
- FIG 14. Global Oil Immersed Power Transformer Market, regional snapshot 2020 & 2030
- FIG 15. North America Oil Immersed Power Transformer Market 2020 & 2030 (USD Billion)
- FIG 16. Europe Oil Immersed Power Transformer Market 2020 & 2030 (USD Billion)
- FIG 17. Asia pacific Oil Immersed Power Transformer Market 2020 & 2030 (USD Billion)
- FIG 18. Latin America Oil Immersed Power Transformer Market 2020 & 2030 (USD Billion)
- FIG 19. Middle East & Africa Oil Immersed Power Transformer Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
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