1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION 27
1.3 INCLUSIONS AND EXCLUSIONS 28
TABLE 1 OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION 28
TABLE 2 OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE 28
TABLE 3 OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE 28
TABLE 4 OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER 28
TABLE 5 OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION 29
1.4 STUDY SCOPE 29
1.4.1 MARKETS COVERED 29
FIGURE 1 OIL-IMMERSED POWER TRANSFORMER MARKET SEGMENTATION 29
1.4.2 REGIONS COVERED 30
1.5 YEARS CONSIDERED 30
1.6 CURRENCY CONSIDERED 30
1.7 STAKEHOLDERS 31
1.8 SUMMARY OF CHANGES 31
2 RESEARCH METHODOLOGY 33
2.1 RESEARCH DATA 33
FIGURE 2 RESEARCH DESIGN 33
2.1.1 SECONDARY DATA 34
2.1.1.1 Key data from secondary sources 34
2.1.2 PRIMARY DATA 34
2.1.2.1 Key data from primary sources 35
2.1.2.2 Breakdown of primary interviews 35
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 36
2.1.3 SECONDARY AND PRIMARY RESEARCH 36
FIGURE 4 METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR
OIL-IMMERSED POWER TRANSFORMERS 36
2.2 RESEARCH LIMITATIONS 37
2.3 MARKET SIZE ESTIMATION 37
2.3.1 BOTTOM-UP APPROACH 37
FIGURE 5 BOTTOM-UP APPROACH 37
2.3.2 TOP-DOWN APPROACH 38
FIGURE 6 TOP-DOWN APPROACH 38
2.3.3 DEMAND-SIDE ANALYSIS 39
2.3.3.1 Regional-level analysis 39
2.3.3.2 Country-level analysis 40
2.3.3.3 Demand-side assumptions 40
2.3.3.4 Demand-side calculations 40
2.3.4 SUPPLY-SIDE ANALYSIS 41
FIGURE 7 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF
OIL-IMMERSED POWER TRANSFORMERS 41
FIGURE 8 SUPPLY-SIDE ANALYSIS 41
2.3.4.1 Supply-side assumptions 42
2.3.4.2 Supply-side calculations 42
2.3.5 GROWTH FORECAST 42
2.4 RECESSION IMPACT ANALYSIS 42
2.5 MARKET BREAKDOWN AND DATA TRIANGULATION 43
FIGURE 9 DATA TRIANGULATION 43
3 EXECUTIVE SUMMARY 44
TABLE 6 OIL-IMMERSED POWER TRANSFORMER MARKET SNAPSHOT 45
FIGURE 10 ASIA PACIFIC DOMINATED MARKET IN 2022 46
FIGURE 11 PAD-MOUNTED SEGMENT TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD 46
FIGURE 12 THREE PHASE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 47
FIGURE 13 HIGH VOLTAGE SEGMENT TO HAVE LARGEST MARKET SHARE DURING FORECAST PERIOD 47
FIGURE 14 TRANSMISSION SEGMENT TO EXHIBIT LARGEST MARKET SHARE (2023–2028) 48
FIGURE 15 UTILITIES SEGMENT TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD 48
4 PREMIUM INSIGHTS 49
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN OIL-IMMERSED POWER TRANSFORMER MARKET 49
FIGURE 16 GROWING ENVIRONMENTAL CONCERNS AND URBANIZATION TO DRIVE MARKET 49
4.2 OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION 49
FIGURE 17 ASIA PACIFIC MARKET TO SHOWCASE HIGHEST CAGR DURING FORECAST PERIOD 49
4.3 OIL-IMMERSED POWER TRANSFORMER MARKET IN ASIA PACIFIC, BY PHASE AND COUNTRY, 2022 50
FIGURE 18 OUTDOOR SEGMENT AND CHINA ACCOUNTED FOR LARGEST MARKET SHARES IN ASIA PACIFIC, 2022 50
4.4 OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION 50
FIGURE 19 PAD-MOUNTED SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028 50
4.5 OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE 51
FIGURE 20 THREE PHASE SEGMENT TO HAVE LARGEST MARKET SHARE IN 2022 51
4.6 OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE 51
FIGURE 21 MEDIUM VOLTAGE SEGMENT TO HAVE HIGHEST SHARE IN 2022 51
4.7 OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER 52
FIGURE 22 UTILITIES SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2022 52
5 MARKET OVERVIEW 53
5.1 INTRODUCTION 53
5.2 MARKET DYNAMICS 54
FIGURE 23 OIL-IMMERSED POWER TRANSFORMER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 54
5.2.1 DRIVERS 54
5.2.1.1 Modernization of energy infrastructure 54
FIGURE 24 EXPANSION OF ELECTRIC VEHICLE MARKET, 2016–2023 55
5.2.1.2 Incorporation of renewable energy for sustainable power solutions 55
FIGURE 25 RENEWABLE CAPACITY ADDITIONS, BY REGION, 2019–2021 56
5.2.2 RESTRAINTS 56
5.2.2.1 High initial investment 56
FIGURE 26 CHANGE IN ELECTRICITY DEMAND, BY REGION, 2019–2025 57
5.2.2.2 Safety compliance related to oil-immersed power transformers 57
5.2.3 OPPORTUNITIES 58
5.2.3.1 Innovations in transformer management and smart grid technologies 58
5.2.3.2 Integration of energy storage solutions into power grids 59
FIGURE 27 GLOBAL GDP GROWTH, 2010–2022 59
5.2.4 CHALLENGES 60
5.2.4.1 Aging infrastructure and other operational constraints 60
5.2.4.2 Shortage of skilled workforce 60
5.3 PORTER’S FIVE FORCES ANALYSIS 61
FIGURE 28 PORTER’S FIVE FORCES ANALYSIS 61
TABLE 7 PORTER’S FIVE FORCES ANALYSIS 61
5.3.1 THREAT OF SUBSTITUTES 62
5.3.2 BARGAINING POWER OF SUPPLIERS 62
5.3.3 BARGAINING POWER OF BUYERS 62
5.3.4 THREAT OF NEW ENTRANTS 63
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 63
5.4 VALUE CHAIN ANALYSIS 63
FIGURE 29 VALUE CHAIN ANALYSIS 64
5.4.1 RAW MATERIAL PROVIDERS/SUPPLIERS 64
5.4.2 COMPONENT MANUFACTURERS 64
5.4.3 OIL-IMMERSED POWER TRANSFORMER MANUFACTURERS/ASSEMBLERS 65
5.4.4 DISTRIBUTORS 65
5.4.5 END USERS 65
5.4.6 POST-SALES SERVICES 65
 
5.5 TECHNOLOGY ANALYSIS 65
5.5.1 DIGITALIZATION 65
5.5.2 SUSTAINABLE TECHNOLOGIES 66
5.6 KEY CONFERENCES AND EVENTS, 2023–2024 66
TABLE 8 KEY CONFERENCES AND EVENTS, 2023–2024 66
5.7 ECOSYSTEM MAPPING 68
FIGURE 30 ECOSYSTEM MAPPING 68
TABLE 9 ROLE OF COMPANIES IN ECOSYSTEM 69
5.8 PATENT ANALYSIS 71
FIGURE 31 PATENT ANALYSIS 71
TABLE 10 PATENT ANALYSIS, 2020–2023 72
5.9 CASE STUDY ANALYSIS 75
5.9.1 OVERHEATING OF OIL-IMMERSED POWER TRANSFORMER AT MAPLE CREEK WIND FARM 75
5.9.1.1 Problem 75
5.9.1.2 Solution 76
5.9.2 OIL LEAK FROM POWER TRANSFORMER AT CENTRAL CITY SUBSTATION 76
5.9.2.1 Problem 76
5.9.2.2 Solution 76
5.9.3 AGING OF OIL-IMMERSED POWER TRANSFORMER AT BIG RIVER SUBSTATION 77
5.9.3.1 Problem 77
5.9.3.2 Solution 77
5.10 TRADE DATA ANALYSIS 78
5.10.1 TRADE ANALYSIS RELATED TO LIQUID DIELECTRIC TRANSFORMERS WITH POWER HANDLING CAPACITY <= 650 KVA 78 5.10.1.1 Import data 78 TABLE 11 IMPORT SCENARIO FOR HS CODE 850421, BY COUNTRY, 2020–2022 (USD) 78 5.10.1.2 Export data 79 TABLE 12 EXPORT SCENARIO FOR HS CODE 850421, BY COUNTRY, 2020–2022 (USD) 79 5.10.2 TRADE ANALYSIS RELATED TO LIQUID DIELECTRIC TRANSFORMERS WITH POWER HANDLING CAPACITY > 10,000 KVA 80
5.10.2.1 Import data 80
TABLE 13 IMPORT SCENARIO FOR HS CODE 850423, BY COUNTRY, 2020–2022 (USD) 80
5.10.2.2 Export data 81
TABLE 14 EXPORT SCENARIO FOR HS CODE 850423, BY COUNTRY, 2020–2022 (USD) 81
5.11 PRICING ANALYSIS 81
5.11.1 AVERAGE SELLING PRICE OF OIL-IMMERSED POWER TRANSFORMERS, BY VOLTAGE 81
TABLE 15 AVERAGE SELLING PRICE OF OIL-IMMERSED POWER TRANSFORMERS, BY VOLTAGE 81
5.11.2 AVERAGE SELLING PRICE OF OIL-IMMERSED POWER TRANSFORMERS, BY REGION 82
TABLE 16 AVERAGE SELLING PRICE OF OIL-IMMERSED POWER TRANSFORMERS, BY REGION (USD MILLION/UNIT) 82
FIGURE 32 AVERAGE SELLING PRICE OF OIL-IMMERSED POWER TRANSFORMERS, BY REGION 82
5.12 TARIFF AND REGULATORY LANDSCAPE 83
5.12.1 TARIFFS RELATED TO OIL-IMMERSED POWER TRANSFORMERS 83
TABLE 17 IMPORT TARIFFS FOR HS 850421 LIQUID DIELECTRIC TRANSFORMERS, WITH POWER HANDLING CAPACITY > 10.000 KVA, 2022 83
5.12.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 84
TABLE 18 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 84
TABLE 19 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 86
TABLE 20 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
TABLE 21 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88
5.12.3 CODES AND REGULATIONS RELATED TO OIL-IMMERSED POWER TRANSFORMERS 88
TABLE 22 CODES AND REGULATIONS RELATED TO OIL-IMMERSED POWER TRANSFORMERS 88
5.13 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 90
FIGURE 33 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 91
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 91
5.14.1 STAKEHOLDERS IN BUYING PROCESS 91
FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER 91
TABLE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER 91
5.14.2 BUYING CRITERIA 92
FIGURE 35 KEY BUYING CRITERIA, BY END USER 92
TABLE 24 KEY BUYING CRITERIA, BY END USER 92
6 OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION 93
6.1 INTRODUCTION 94
FIGURE 36 OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION, 2022 94
TABLE 25 OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION, 2021–2028 (USD MILLION) 94
6.2 PAD-MOUNTED 95
6.2.1 RISE IN DEMAND FOR EFFICIENT ELECTRICITY DISTRIBUTION TO DRIVE GROWTH 95
TABLE 26 PAD-MOUNTED: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION) 95
6.3 POLE-MOUNTED 96
6.3.1 NEED FOR MORE EXTENSIVE AND EFFECTIVE COVERAGE TO DRIVE GROWTH 96
TABLE 27 POLE-MOUNTED: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION) 96
6.4 SUBSTATION-BASED 96
6.4.1 RAPID INTEGRATION OF SMART GRID SOLUTIONS TO DRIVE GROWTH 96
TABLE 28 SUBSTATION-BASED: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION) 97
7 OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE 98
7.1 INTRODUCTION 99
FIGURE 37 OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2022 99
TABLE 29 OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 100
7.2 SINGLE 100
7.2.1 EASY INSTALLATION AND MAINTENANCE TO DRIVE GROWTH 100
TABLE 30 SINGLE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION) 100
7.3 THREE 101
7.3.1 EFFICIENT POWER TRANSMISSION AND DISTRIBUTION TO DRIVE GROWTH 101
TABLE 31 THREE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION) 101
8 OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE 102
8.1 INTRODUCTION 103
FIGURE 38 OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE, 2022 103
TABLE 32 OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION) 103
TABLE 33 OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (UNITS) 104
8.2 LOW (BELOW 36 KV) 104
8.2.1 LOW RISK OF ELECTRICAL SHOCKS AND BETTER CONTROL IN CONFINED SPACES TO DRIVE GROWTH 104
TABLE 34 LOW (BELOW 36 KV): OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION) 105
8.3 MEDIUM (36–69 KV) 105
8.3.1 IMPROVED PERFORMANCE AND ELECTRIC STABILITY TO DRIVE GROWTH 105
TABLE 35 MEDIUM (36–69 KV): OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION) 106
8.4 HIGH (ABOVE 69 KV) 106
8.4.1 INTEGRATION OF ADVANCED MONITORING AND CONTROL SYSTEMS TO DRIVE GROWTH 106
TABLE 36 HIGH (ABOVE 69 KV): OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION) 107
9 OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER 108
9.1 INTRODUCTION 109
FIGURE 39 OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2022 109
TABLE 37 OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (USD MILLION) 109
TABLE 38 OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (UNITS) 110
9.2 INDUSTRIAL 110
9.2.1 ROBUST DESIGN AND INSULATION PROPERTIES OF OIL-IMMERSED TRANSFORMERS TO DRIVE GROWTH 110
TABLE 39 INDUSTRIAL: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION) 111
TABLE 40 INDUSTRIAL: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (UNITS) 111
TABLE 41 INDUSTRIAL: OIL-IMMERSED POWER TRANSFORMER MARKET, BY SUBSEGMENT, 2021–2028 (USD MILLION) 111
9.2.1.1 Oil & Gas 112
9.2.1.2 Pharmaceutical 112
9.2.1.3 Automotive 112
9.2.1.4 Steel 112
9.2.1.5 Chemical 113
9.2.1.6 Food & Beverage 113
9.3 RESIDENTIAL & COMMERCIAL 113
9.3.1 NEED FOR UNINTERRUPTED SUPPLY OF ELECTRICITY TO DRIVE GROWTH 113
TABLE 42 RESIDENTIAL & COMMERCIAL: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION) 114
TABLE 43 RESIDENTIAL & COMMERCIAL: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (UNITS) 114
9.4 UTILITIES 115
9.4.1 PROACTIVE MAINTENANCE STRATEGIES AND ENVIRONMENTAL CONSCIOUSNESS TO DRIVE GROWTH 115
TABLE 44 UTILITIES: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION) 116
TABLE 45 UTILITIES: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (UNITS) 116
10 OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION 117
10.1 INTRODUCTION 118
FIGURE 40 OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2022 118
FIGURE 41 ASIA PACIFIC TO REGISTER HIGHEST CAGR FROM 2023 TO 2028 119
TABLE 46 OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION) 119
TABLE 47 OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (UNITS) 120
10.2 ASIA PACIFIC 120
10.2.1 RECESSION IMPACT ANALYSIS 121
FIGURE 42 ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET SNAPSHOT 122
TABLE 48 ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION, 2021–2028 (USD MILLION) 122
TABLE 49 ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 123
TABLE 50 ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE RATING, 2021–2028 (USD MILLION) 123
TABLE 51 ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (USD MILLION) 123
TABLE 52 ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (UNITS) 123
TABLE 53 ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY SUBSEGMENT, 2021–2028 (USD MILLION) 124
TABLE 54 ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 124
10.2.2 CHINA 124
10.2.2.1 Rapid industrialization and adoption of three-phase oil-immersed transformers to drive growth 124
TABLE 55 CHINA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 125
10.2.3 INDIA 125
10.2.3.1 Smart grid initiatives and independent power producers to drive growth 125
TABLE 56 INDIA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 126
10.2.4 JAPAN 127
10.2.4.1 Advancement of electricity infrastructure and replacement of aging transformers to drive growth 127
TABLE 57 JAPAN: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 127
10.2.5 SOUTH KOREA 128
10.2.5.1 Modernization programs for power distribution networks to drive growth 128
TABLE 58 SOUTH KOREA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 128
10.2.6 REST OF ASIA PACIFIC 128
TABLE 59 REST OF ASIA PACIFIC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 129
10.3 NORTH AMERICA 129
10.3.1 RECESSION IMPACT ANALYSIS 130
TABLE 60 NORTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION, 2021–2028 (USD MILLION) 131
TABLE 61 NORTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 131
TABLE 62 NORTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION) 131
TABLE 63 NORTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (USD MILLION) 131
TABLE 64 NORTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (UNITS) 132
TABLE 65 NORTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY SUBSEGMENT, 2021–2028 (USD MILLION) 132
TABLE 66 NORTH AMERICA: OIL IMMERSED POWER TRANSFORMER MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 132
 
10.3.1.1 US 133
10.3.1.1.1 Development of electric substations and transmission networks to drive growth 133
TABLE 67 US: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 134
10.3.1.2 anada 134
10.3.1.2.1 Rising electricity demand to drive growth 134
TABLE 68 CANADA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 135
10.3.1.3 Mexico 135
10.3.1.3.1 Government initiatives to drive growth 135
TABLE 69 MEXICO: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 136
10.4 EUROPE 136
10.4.1 RECESSION IMPACT ANALYSIS 137
FIGURE 43 EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET SNAPSHOT 137
TABLE 70 EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION, 2021–2028 (USD MILLION) 138
TABLE 71 EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 138
TABLE 72 EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE RATING, 2021–2028 (USD MILLION) 138
TABLE 73 EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (USD MILLION) 138
TABLE 74 EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (UNITS) 139
TABLE 75 EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY SUBSEGMENT, 2021–2028 (USD MILLION) 139
TABLE 76 EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 139
10.4.1.1 Germany 140
10.4.1.1.1 Digitalization and automation of grids to drive growth 140
TABLE 77 GERMANY: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 140
10.4.1.2 UK 141
10.4.1.2.1 Innovations in transformer design, materials, and monitoring techniques to drive growth 141
TABLE 78 UK: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 141
10.4.1.3 Italy 142
10.4.1.3.1 Ongoing shift toward cleaner energy to drive growth 142
TABLE 79 ITALY: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 142
10.4.1.4 France 143
10.4.1.4.1 Integration of renewable energy into power grids to drive growth 143
TABLE 80 FRANCE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 144
10.4.1.5 Spain 144
10.4.1.5.1 2021–2026 electricity transmission grid planning to drive growth 144
TABLE 81 SPAIN: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 145
10.4.1.6 Rest of Europe 145
TABLE 82 REST OF EUROPE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 146
10.5 SOUTH AMERICA 146
TABLE 83 SOUTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION, 2021–2028 (USD MILLION) 147
TABLE 84 SOUTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 147
TABLE 85 SOUTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION) 147
TABLE 86 SOUTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (USD MILLION) 148
TABLE 87 SOUTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (UNITS) 148
TABLE 88 SOUTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY SUBSEGMENT, 2021–2028 (USD MILLION) 148
TABLE 89 SOUTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 149
10.5.1 BRAZIL 149
10.5.1.1 Adoption of higher voltage transformers to drive growth 149
TABLE 90 BRAZIL: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 150
10.5.2 ARGENTINA 150
10.5.2.1 Renovar program to drive growth 150
TABLE 91 ARGENTINA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 151
10.5.3 REST OF SOUTH AMERICA 151
TABLE 92 REST OF SOUTH AMERICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 152
10.6 MIDDLE EAST & AFRICA 152
TABLE 93 MIDDLE EAST & AFRICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY INSTALLATION, 2021–2028 (USD MILLION) 153
TABLE 94 MIDDLE EAST & AFRICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 153
TABLE 95 MIDDLE EAST & AFRICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY VOLTAGE RATING, 2021–2028 (USD MILLION) 153
TABLE 96 MIDDLE EAST & AFRICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (USD MILLION) 153
TABLE 97 MIDDLE EAST & AFRICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY END USER, 2021–2028 (UNITS) 154
TABLE 98 MIDDLE EAST & AFRICA: INDUSTRIAL: OIL-IMMERSED POWER TRANSFORMER MARKET, BY SUBSEGMENT, 2021–2028 (USD MILLION) 154
TABLE 99 MIDDLE EAST & AFRICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION) 154
10.6.1 SAUDI ARABIA 155
10.6.1.1 Vision 2030 initiative to drive growth 155
TABLE 100 SAUDI ARABIA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 156
10.6.2 UAE 156
10.6.2.1 Dubai Clean Energy Strategy 2050 to drive growth 156
TABLE 101 UAE: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 157
10.6.3 REST OF GCC 157
10.6.3.1 Consistent economic growth and compliance with international regulations to drive market 157
TABLE 102 REST OF GCC: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 158
10.6.4 SOUTH AFRICA 158
10.6.4.1 Expansion of nation grid infrastructure to drive growth 158
TABLE 103 SOUTH AFRICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 159
10.6.5 NIGERIA 159
10.6.5.1 Rural Electrification Agency and transmission rehabilitation and expansion program to drive growth 159
TABLE 104 NIGERIA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 160
10.6.6 REST OF MIDDLE EAST & AFRICA 160
TABLE 105 REST OF MIDDLE EAST & AFRICA: OIL-IMMERSED POWER TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION) 160
11 COMPETITIVE LANDSCAPE 162
11.1 INTRODUCTION 162
11.2 STRATEGIES ADOPTED BY KEY PLAYERS 162
TABLE 106 STRATEGIES ADOPTED BY KEY PLAYERS, 2019–2022 162
11.3 MARKET SHARE ANALYSIS, 2022 165
TABLE 107 OIL-IMMERSED POWER TRANSFORMER MARKET: DEGREE OF COMPETITION 165
FIGURE 44 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2022 166
11.4 REVENUE ANALYSIS, 2018–2022 167
FIGURE 45 REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 167
11.5 COMPANY EVALUATION MATRIX, 2022 168
11.5.1 STARS 168
11.5.2 PERVASIVE PLAYERS 168
11.5.3 EMERGING LEADERS 168
11.5.4 PARTICIPANTS 168
FIGURE 46 COMPANY EVALUATION MATRIX, 2022 169
11.5.5 COMPANY FOOTPRINT 170
TABLE 108 INSTALLATION FOOTPRINT 170
TABLE 109 VOLTAGE FOOTPRINT 171
TABLE 110 PHASE FOOTPRINT 172
TABLE 111 END USER FOOTPRINT 173
TABLE 112 REGION FOOTPRINT 174
TABLE 113 COMPANY FOOTPRINT 175
11.6 STARTUP/SME EVALUATION MATRIX, 2022 176
11.6.1 PROGRESSIVE COMPANIES 176
11.6.2 RESPONSIVE COMPANIES 176
11.6.3 DYNAMIC COMPANIES 176
11.6.4 STARTING BLOCKS 176
FIGURE 47 STARTUP/SME EVALUATION MATRIX, 2022 177
11.6.5 COMPETITIVE BENCHMARKING 178
TABLE 114 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 178
TABLE 115 KEY STARTUPS/SMES 178
11.7 COMPETITIVE SCENARIOS 179
11.7.1 PRODUCT LAUNCHES 179
TABLE 116 PRODUCT LAUNCHES, 2019–2023 179
11.7.2 DEALS 180
TABLE 117 DEALS, 2019–2023 180
11.7.3 OTHERS 183
TABLE 118 OTHERS, 2019–2023 183
12 COMPANY PROFILES 184
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1 KEY PLAYERS 184
12.1.1 ABB 184
TABLE 119 ABB: COMPANY OVERVIEW 184
FIGURE 48 ABB: COMPANY SNAPSHOT 185
TABLE 120 ABB: PRODUCTS OFFERED 185
TABLE 121 ABB: DEALS 186
12.1.2 SCHNEIDER ELECTRIC 188
TABLE 122 SCHNEIDER ELECTRIC: COMPANY OVERVIEW 188
FIGURE 49 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 189
TABLE 123 SCHNEIDER ELECTRIC: PRODUCTS OFFERED 189
TABLE 124 SCHNEIDER ELECTRIC: DEALS 190
12.1.3 GENERAL ELECTRIC 192
TABLE 125 GENERAL ELECTRIC: COMPANY OVERVIEW 192
FIGURE 50 GENERAL ELECTRIC: COMPANY SNAPSHOT 193
TABLE 126 GENERAL ELECTRIC: PRODUCTS OFFERED 193
TABLE 127 GENERAL ELECTRIC: DEALS 194
12.1.4 SIEMENS 196
TABLE 128 SIEMENS: COMPANY OVERVIEW 196
FIGURE 51 SIEMENS: COMPANY SNAPSHOT 197
TABLE 129 SIEMENS: PRODUCTS OFFERED 198
TABLE 130 SIEMENS: PRODUCT LAUNCHES 198
TABLE 131 SIEMENS: DEALS 199
12.1.5 EATON 201
TABLE 132 EATON: COMPANY OVERVIEW 201
FIGURE 52 EATON: COMPANY SNAPSHOT 202
TABLE 133 EATON: PRODUCTS OFFERED 202
TABLE 134 EATON: DEALS 203
12.1.6 NINGBO IRONCUBE WORKS INTERNATIONAL CO., LTD. 205
TABLE 135 NINGBO IRONCUBE WORKS INTERNATIONAL CO., LTD.: COMPANY OVERVIEW 205
TABLE 136 NINGBO IRONCUBE WORKS INTERNATIONAL CO., LTD.: PRODUCTS OFFERED 205
12.1.7 MITSUBISHI ELECTRIC 207
TABLE 137 MITSUBISHI ELECTRIC: COMPANY OVERVIEW 207
FIGURE 53 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT 208
TABLE 138 MITSUBISHI ELECTRIC: PRODUCTS OFFERED 209
TABLE 139 MITSUBISHI ELECTRIC: DEALS 209
12.1.8 HITACHI 210
TABLE 140 HITACHI: COMPANY OVERVIEW 210
FIGURE 54 HITACHI: COMPANY SNAPSHOT 211
TABLE 141 HITACHI: PRODUCTS OFFERED 212
TABLE 142 HITACHI: DEALS 213
TABLE 143 HITACHI: OTHERS 213
12.1.9 HYUNDAI ELECTRIC 214
TABLE 144 HYUNDAI ELECTRIC: COMPANY OVERVIEW 214
FIGURE 55 HYUNDAI ELECTRIC: COMPANY SNAPSHOT 214
TABLE 145 HYUNDAI ELECTRIC: PRODUCTS OFFERED 215
12.1.10 FUJI ELECTRIC 216
TABLE 146 FUJI ELECTRIC: COMPANY OVERVIEW 216
FIGURE 56 FUJI ELECTRIC: COMPANY SNAPSHOT 217
TABLE 147 FUJI ELECTRIC: PRODUCTS OFFERED 218
TABLE 148 FUJI ELECTRIC: PRODUCT LAUNCHES 218
12.1.11 CROMPTON GREAVES POWER AND INDUSTRIAL SOLUTIONS 219
TABLE 149 CROMPTON GREAVES POWER AND INDUSTRIAL SOLUTIONS: COMPANY OVERVIEW 219
FIGURE 57 CROMPTON GREAVES POWER AND INDUSTRIAL SOLUTIONS: COMPANY SNAPSHOT 220
TABLE 150 CROMPTON GREAVES POWER AND INDUSTRIAL SOLUTIONS: PRODUCTS OFFERED 221
TABLE 151 CROMPTON GREAVES POWER AND INDUSTRIAL SOLUTIONS: OTHERS 222
12.1.12 NISSIN ELECTRIC 223
TABLE 152 NISSIN ELECTRIC: COMPANY OVERVIEW 223
FIGURE 58 NISSIN ELECTRIC: COMPANY SNAPSHOT 224
TABLE 153 NISSIN ELECTRIC: PRODUCTS OFFERED 224
12.1.13 ALFANAR GROUP 225
TABLE 154 ALFANAR GROUP: COMPANY OVERVIEW 225
TABLE 155 ALFANAR GROUP: PRODUCTS OFFERED 225
TABLE 156 ALFANAR GROUP: DEALS 226
12.1.14 JIANGSHAN SCOTECH ELECTRICAL CO., LTD. 227
TABLE 157 JIANGSHAN SCOTECH ELECTRICAL CO., LTD.: COMPANY OVERVIEW 227
TABLE 158 JIANGSHAN SCOTECH ELECTRICAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 227
12.1.15 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION 229
TABLE 159 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY OVERVIEW 229
FIGURE 59 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY SNAPSHOT 230
TABLE 160 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: PRODUCTS OFFERED 231
12.2 OTHER PLAYERS 232
12.2.1 MGM TRANSFORMER COMPANY 232
12.2.2 VOLTAMP 232
12.2.3 YUEBIAN ELECTRIC CO., LTD. 233
12.2.4 DAIHEN CORPORATION 234
12.2.5 CHINT GROUP 235
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 APPENDIX 236
13.1 INSIGHTS FROM INDUSTRY EXPERTS 236
13.2 DISCUSSION GUIDE 237
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 241
13.4 CUSTOMIZATION OPTIONS 243
13.5 RELATED REPORTS 243
13.6 AUTHOR DETAILS 244