油入変圧器市場 : 2028年までの世界予測

Report Overview

The global market for oil immersed power transformers is poised for substantial growth, with a projected trajectory reaching USD 28.3 billion by the year 2028.

油浸変圧器の世界市場は大幅な成長を遂げており、2028 年までに 283 億米ドルに達すると予測されています。

This represents a noteworthy increase from the estimated value of USD 21.2 billion in 2023, reflecting a steady Compound Annual Growth Rate (CAGR) of 6.0% over the period spanning from 2023 to 2028.

Several factors contribute to this robust growth, with a key driver being the escalating global energy demand observed in recent years, which has become a primary catalyst for the surge in electricity consumption. The surge in energy demand is fueled by a variety of sectors, with the industrial sector emerging as a principal force behind the heightened need for oil-immersed power transformers. The industrial sector’s substantial contribution is attributed to increased industrialization, manufacturing activities, and infrastructure development across diverse regions. As industries expand and modernize, the demand for efficient and reliable electrical power distribution systems, of which oil immersed power transformers are a crucial component, experiences a corresponding uptick. Beyond the industrial sector, significant contributions to the heightened demand for oil-immersed power transformers come from the commercial, service, and residential sectors. The commercial sector, encompassing various businesses and enterprises, relies heavily on stable and continuous power supply to support operations. The service sector, including healthcare, education, and hospitality, also contributes to the increased demand for electricity. Moreover, the residential sector, driven by population growth and urbanization, necessitates reliable power distribution for homes and communities.
The strategic role of oil immersed power transformers in efficiently stepping up or stepping down voltage levels, along with their ability to provide effective cooling and insulation, positions them as indispensable components within power distribution and transmission systems. The transformers play a crucial role in maintaining the reliability and stability of electrical grids, ensuring the seamless flow of electricity across diverse sectors of the economy. As the global energy landscape evolves, factors such as the integration of renewable energy sources, advancements in smart grid technology, and a focus on energy efficiency are expected to further influence the demand for oil immersed power transformers. Additionally, the increasing emphasis on modernization and upgrading of aging power infrastructure in various regions contributes to the sustained growth of the market.

“High voltage segment, by voltage, to be fastest growing market from 2023 to 2028.”
The high voltage segment is anticipated to experience the fastest growth in the power transformer market from 2023 to 2028. This surge is attributed to the increasing demand for medium voltage power transformers in applications such as industrial complexes, renewable energy projects, and urban infrastructure development. The 36-69 kV range strikes a balance between higher voltage transmission and local distribution needs, making it well-suited for diverse applications. The growing emphasis on efficient energy transmission and the integration of renewable energy sources into the grid are driving the demand for medium voltage transformers in this segment. Additionally, advancements in smart grid technology and the need for grid modernization further contribute to the accelerated growth of the high voltage class during this forecast period.

 “Pad-mounted, by installation, to be the largest market from 2023 to 2028.”
The pad-mounted transformers, characterized by their installation at ground level within protective enclosures, are expected to dominate the power transformer market by insulation type from 2023 to 2028. This anticipated market leadership is primarily attributed to the rising demand for reliable and space-efficient solutions in urban and suburban settings. Pad-mounted transformers offer a compact and aesthetically pleasing alternative to traditional substation installations, making them ideal for areas where space constraints or aesthetic considerations are crucial. Moreover, their ease of maintenance and accessibility contribute to their popularity. The growing urbanization and infrastructural development projects worldwide are propelling the demand for these transformers, especially in residential and commercial areas. Additionally, advancements in solid insulation technologies, such as epoxy resin, contribute to enhanced performance, safety, and environmental sustainability, further driving the adoption of pad-mounted transformers in the forecast period.

“Asia Pacific to be largest and fastest growing region in oil immersed power transformer market.”
The Asia Pacific region is poised to emerge as the largest and fastest-growing market in the oil immersed power transformer sector from 2023 to 2028. This dominance is driven by a confluence of factors, including rapid industrialization, expanding urbanization, and robust infrastructure development across key economies in the region. As nations in Asia Pacific experience substantial growth in power demand, the need for efficient and reliable electrical transmission and distribution systems has intensified. Oil-immersed power transformers play a pivotal role in meeting these demands by providing effective voltage transformation and distribution. Additionally, governments in the region are investing significantly in upgrading and expanding their power infrastructure, further fueling the demand for these transformers. The Asia Pacific’s commitment to incorporating renewable energy sources into the power grid, coupled with ongoing smart grid initiatives, contributes to the increased adoption of oil-immersed transformers. The region’s burgeoning energy needs and ongoing modernization efforts position it as a pivotal market for the oil-immersed power transformer industry, fostering substantial growth and market leadership in the forecast period.

Breakdown of Primaries:
Important qualitative and quantitative data were gathered and verified, as well as future market prospects, through in-depth interviews with subject-matter experts, C-level executives of major market players, industry consultants, and other experts. The following is how the main interviews were dispersed:
By Company Type: Tier 1-45%, Tier 2-40%, and Tier 3-15%
By Designation: C-Level-35%, D-Level-25%, and Others-40%
By Region: North America–18%, Europe–15%, Asia Pacific–50%, Middle East & Africa–10%, and South America–7%
Note: “Others” include sales managers, engineers, and regional managers
The tiers of the companies are defined based on their total revenue as of 2022: Tier 1: >USD 1 billion, Tier 2: USD 500 million–1 billion, and Tier 3: <USD 500 million.
The market for oil immersed power transformers is primarily controlled by reputable international giants. In the industrial control transformer market, some of the leading companies are ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Mitsubishi Electric (Japan), Nissin Electric (Japan), CG Power and Industrial Solutions (India), Daihen Corp (Japan), Fuji Electric (Japan), Hyundai Electric & Energy Systems (South Korea), Hitachi (Japan), and a few more.

Research Coverage:
The report presents a comprehensive analysis of the oil immersed power transformers market, offering detailed definitions, descriptions, and forecasts based on various parameters. These parameters include Phase (Single, Three), Installation (Pad-mounted, Pole-mounted, Substation Installation), Voltage (Low, Medium, High), End-User (Industrial, Residential & Commercial, Utilities), and region (Asia Pacific, North America, Europe, Middle East and Africa, South America). The report conducts a thorough qualitative and quantitative examination of the oil immersed power transformer market, encompassing key drivers, limitations, opportunities, and challenges. Furthermore, it addresses critical aspects of the market, including an evaluation of the competitive landscape, analysis of market dynamics, value-based market estimates, and insights into future trends within the oil immersed power transformers market.

Key Benefits of Buying the Report
The report is meticulously crafted to cater to the needs of both established industry leaders and newcomers entering the oil immersed power transformers market. It offers reliable revenue forecasts for the entire market and its individual sub-segments, serving as a valuable resource for stakeholders to gain a comprehensive understanding of the competitive landscape. This data empowers stakeholders to formulate effective market strategies for their businesses. Additionally, the report acts as a conduit for stakeholders to comprehend the current state of the market, providing crucial insights into market drivers, limitations, challenges, and growth opportunities. By integrating these insights, stakeholders can make informed decisions and stay abreast of the ever-evolving dynamics within the oil immersed power transformers industry.

• Analysis of key drivers (Investments in Grid Resilience and Modernization for a Sustainable Energy Landscape, The Vital Role of oil Immersed power transformer in Modernizing Energy Infrastructure, Integrating Renewable Energy for Sustainable Power Solutions), restraints (Balancing High Initial Investments and Environmental Concerns in Transformer Adoption for Sustainable Power Infrastructure, Ensuring the Reliability and Safety of Oil Immersed Power Transformers), opportunities (Innovations in Transformer Management, Eco-Friendly Solutions, and Smart Grid Technologies for a Sustainable Future, Role of Transformers in Power Grid Resilience and Sustainable Integration of Energy Storage Solutions), and challenges (Aging Infrastructure, Environmental Impact, Operational Stress, and Integration with Renewable Energy Sources, Addressing the Skilled Workforce Shortage for Sustainable Growth in the transformer market) influencing the growth of the oil Immersed power transformer market.

• Product Development/ Innovation: In the realm of the oil immersed power transformer market, product development and innovation stand as pivotal drivers shaping the industry’s trajectory. As technological advancements continue to unfold, manufacturers are increasingly focusing on developing innovative products that offer enhanced performance, efficiency, and safety. These innovations often involve the integration of smart technologies, advanced materials, and eco-friendly insulation options to meet the evolving needs of the power distribution landscape. Additionally, ongoing research and development efforts are directed towards creating transformers that align with the growing demand for sustainable and environmentally conscious solutions. By leveraging cutting-edge technologies and novel design approaches, companies in the oil-immersed power transformer market aim to not only meet current industry standards but also stay ahead of the curve, providing customers with state-of-the-art solutions that contribute to the overall efficiency and reliability of power distribution systems. The emphasis on product development and innovation underscores the industry’s commitment to staying responsive to changing market dynamics and driving continuous improvement in the performance and capabilities of oil-immersed power transformers.

• Market Development: Market development in the oil immersed power transformer sector is a dynamic process driven by efforts to explore and tap into new geographies. Companies within this market continually seek opportunities to expand their reach and cater to emerging demands. This may involve penetrating untapped regions. Market development strategies also extend to identifying and capitalizing on evolving industry trends, such as the integration of renewable energy sources and the modernization of power grids. By actively participating in market development, industry players can not only broaden their customer base but also adapt their offerings to align with the changing needs of diverse sectors. This strategic approach fosters sustained growth, fosters increased competitiveness, and positions companies to effectively navigate the evolving landscape of the oil-immersed power transformer market. Through targeted initiatives, collaborations, and strategic partnerships, market development becomes a crucial avenue for ensuring long-term success and relevance in this dynamic and vital segment of the power distribution industry.

• Market Diversification: Market diversification within the oil immersed power transformer industry involves a strategic expansion of product and service offerings to mitigate risks, tap into new revenue streams, and enhance overall resilience. Companies in this sector often explore opportunities to diversify by introducing a broader range of transformer types and voltages. This could include entering niche markets, adapting products for specialized uses, or expanding the portfolio to cater to a wider array of customer needs. By diversifying their offerings, companies can reduce dependence on a specific product or market segment, thereby enhancing their ability to withstand market fluctuations and economic uncertainties. Additionally, diversification can involve geographic expansion, reaching new regions or countries to tap into unique market demands. Successful market diversification strategies are rooted in a deep understanding of market trends, customer preferences, and technological advancements, allowing companies to position themselves as versatile and adaptive players in the dynamic landscape of the oil-immersed power transformer market. Ultimately, a well-executed diversification approach enables companies to navigate changing market dynamics, seize emerging opportunities, and fortify their position in a competitive industry.

• Competitive Assessment: A thorough assessment has been undertaken to examine the market presence, growth strategies, and service portfolios of key players in the oil immersed power transformer market. Prominent companies such as Eaton (Ireland), ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Mitsubishi Electric (Japan), and others have been subject to this analysis. The evaluation offers detailed insights into the competitive standings of these major players, shedding light on their initiatives to propel market growth and the spectrum of services they provide within the oil-immersed power transformer segment.

Table of Contents

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