Asia-Pacific power transformers market is expected to grow at a CAGR of around 8% during the forecast period. Power transformers are static machines used in transmission network. Power transformers are used to transfer electrical energy in an electrical or electronic circuit between generator and primary distribution circuits. These transformers operate at high or peak load and have maximum efficiency at full load. Power transformers allow transmission of power over long distances at high voltages thus minimizing the transmission loss.

Factors like increase in demand for power, cross border power transmission, initiatives to utilize more renewable and non-conventional energy sources, smart grids, and need to upgrade transmission networks are driving the Asia-Pacific power transformers market. Additionally, replacement of old transformers and widening of transmission networks is further propelling the growth of power transformers market across the region. Moreover, growing investments in the energy sector owing to infrastructural developments would fuel Asia-Pacific power transformers market over the next five years.

The Asia-Pacific power transformers market is segmented based on rating, cooling method, product type, application, country and company. Based on rating, the market can be categorized into small power transformers, medium power transformers and large power transformers. The small power transformers are expected to hold significant market share during the forecast period owing to its widespread applications in small industries and ability of customization according to the requirements of customer. Based on cooling type, the market can be bifurcated into oil-cooled and air-cooled, of which the former segment dominates the market since their usage is considered safe in high voltage conditions. Based on application, the market can be fragmented into commercial, residential and industrial. Traditionally, industrial and commercial end users cumulatively accounted for major share in the market. The industrial category includes adoption of these transformers in captive power plants and for power generation in manufacturing industries, whereas large-scale commercial establishments also employ these transformers for in-house power requirements.

Asia-Pacific power transformers market is gaining traction and expanding to various countries including China, India, Japan, South Korea and Australia. Among these countries, China is expected to dominate the overall power transformers market followed by India, Japan, South Korea and Australia.

The major players operating in the power transformers market are Bharat Heavy Electricals Ltd., Mitsubishi Heavy Industries, Ltd., Siemens Aktiengesellschaft, General Electric Company, Hyundai Electric & Energy Systems Co. Ltd.,       ABB Ltd., Schneider Electric SE, Eaton Corporation Plc, Hitachi Ltd., Crompton Greaves Ltd.  and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To analyze and forecast the market size of Asia-Pacific power transformers market.
  • To classify and forecast Asia-Pacific power transformers market based on rating, cooling method, product type, application and company and country distribution.
  • To identify drivers and challenges for Asia-Pacific power transformers market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Asia-Pacific power transformers market.
  • To conduct pricing analysis for Asia-Pacific power transformers market.
  • To identify and analyze the profile of leading players operating in Asia-Pacific power transformers market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the region. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the region.

TechSci Research calculated the market size of Asia-Pacific power transformers market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Power transformers manufacturers and suppliers
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to power transformers

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Asia-Pacific power transformers market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Rating:
    • Small Power Transformers
    • Medium Power Transformers
    • Large Power Transformers
  • Market, By Cooling Method:
    • Oil-cooled
    • Air-cooled
  • Market, By Product Type:
    • Oil-Immersed
    • Dry
    • VPI
  • Market, By Application:

o   Commercial

o   Residential

o   Industrial

  • Market, By Country:
    • China
    • India 
    • Japan
    • South Korea
    • Australia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Asia-Pacific power transformers market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
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1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

5.    Global Power Transformer Market Overview

6.    Asia-Pacific Power Transformers Market Outlook

6.1.  Market Size & Forecast

6.1.1. By Value

6.2.  Market Share & Forecast

6.2.1. By Rating (Small Power Transformers, Medium Power Transformers, Large Power Transformers)

6.2.2. By Cooling Method (Oil-Cooled, Air-Cooled)

6.2.3. By Product Type (Oil-Immersed, Dry, VPI) 

6.2.4. By Application (Commercial, Residential, Industrial)

6.2.5. By Company (2018)

6.2.6. By Country (China, India, Japan, South Korea, Australia and Rest of Asia-Pacific)

6.3.  Product Mapping

7.    China Power Transformers Market Outlook

7.1.  Market Size & Forecast          

7.1.1. By Value

7.2.  Market Share & Forecast

7.2.1. By Rating

7.2.2. By Product Type

7.2.3. By Application

8.    India Power Transformers Market Outlook

8.1.  Market Size & Forecast          

8.1.1. By Value

8.2.  Market Share & Forecast

8.2.1. By Rating

8.2.2. By Product Type

8.2.3. By Application

9.    Japan Power Transformers Market Outlook

9.1.  Market Size & Forecast          

9.1.1. By Value

9.2.  Market Share & Forecast

9.2.1. By Rating

9.2.2. By Product Type

9.2.3. By Application

10.  South Korea Power Transformers Market Outlook

10.1.              Market Size & Forecast

10.1.1.    By Value

10.2.              Market Share & Forecast

10.2.1.    By Rating

10.2.2.    By Product Type

10.2.3.    By Application

11.  Australia Power Transformers Market Outlook

11.1.              Market Size & Forecast

11.1.1.    By Value

11.2.              Market Share & Forecast

11.2.1.    By Rating

11.2.2.    By Product Type

11.2.3.    By Application

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.              Competition Outlook

14.2.              Company Profiles

14.2.1.    Company Details

14.2.2.    Financials (As reported)

14.3.              Global Players Profiled (Leading Companies)

14.3.1.    Bharat Heavy Electricals Ltd.

14.3.2.    Mitsubishi Heavy Industries, Ltd.

14.3.3.    Siemens Aktiengesellschaft

14.3.4.    General Electric Company

14.3.5.    Hyundai Electric & Energy Systems Co. Ltd. 

14.3.6.    ABB Ltd.

14.3.7.    Schneider Electric SE

14.3.8.    Eaton Corporation plc

14.3.9.    Hitachi Ltd.

14.3.10.  Crompton Greaves Ltd. 

15.  Strategic Recommendations

 (Note: The companies list can be customized based on the client requirements.)

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