The Asia Pacific Converter Transformer Market would witness market growth of 14.0% CAGR during the forecast period (2022-2028).
Ultra-high voltage (UHV) technology is a step forward from high-voltage direct current (HVDC), allowing for the transmission of enormous amounts of electricity with little losses and the integration of renewables that are often located far from demand centers.
The voltage of the AC supply system is increased by the converter transformers. Transformer winding insulation must be properly built to tolerate a high DC potential to earth. Converter transformers can be designed in single units up to 300 Megavolt Amperes (MW). Larger transformers are impractical to transport, thus when higher ratings are needed, many separate transformers are joined together. Two three-phase units or three single-phase units can both be used. Only one type of transformers is utilized in the latter variation, making the delivery of a replacement transformer more cost-effective.
Electric mobility is a potential method for reducing carbon emissions in the transportation industry. India is one of only a few countries to back the EV30@30 initiative, which aims for at least 30% of new vehicle sales to be electric by 2030. To achieve this ambitious change, an accessible and reliable infrastructure of electric vehicle (EV) charging stations is a must.
Several initiatives have been established by the Indian government to support the development of a charging network infrastructure. Given the specific qualities of this new infrastructure type, however, it would be necessary to tailor it to the unique Indian transportation environment and establish stakeholder capacity to support its on-ground deployment. It is crucial to adopt a contextual approach when developing EV charging infrastructure that satisfies local requirements and is optimally integrated into the electrical supply and transportation networks.
The China market dominated the Asia Pacific Converter Transformer Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $469.8 Million by 2028. The Japan market poised to grow at a CAGR of 13.3% during (2022 - 2028). Additionally, The India market would display a CAGR of 14.7% during (2022 - 2028).
Based on Application, the market is segmented into Grid Connections, Wind Farms, and Oil & Gas. Based on Type, the market is segmented into 401-600 Kv, 201-400 Kv, and 601-800 Kv. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Converter Transformer Market is Projected to reach USD 4.4 Billion by 2028, at a CAGR of 13.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Siemens AG, General Electric (GE) Co., Toshiba Corporation, Mitsubishi Electric Corporation, Kirloskar Electric Co. Ltd., CG Power & Industrial Solutions Ltd., Bharat Heavy Electricals Ltd., and Xi'an Xidian Transformer Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Grid Connections
- Wind Farms
- Oil & Gas
By Type
- 401-600 Kv
- 201-400 Kv
- 601-800 Kv
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Siemens AG
- General Electric (GE) Co.
- Toshiba Corporation
- Mitsubishi Electric Corporation
- Kirloskar Electric Co. Ltd.
- CG Power & Industrial Solutions Ltd.
- Bharat Heavy Electricals Ltd.
- Xi'an Xidian Transformer Co., Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Converter Transformer Market, by Application
1.4.2 Asia Pacific Converter Transformer Market, by Type
1.4.3 Asia Pacific Converter Transformer Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Converter Transformer Market by Application
3.1 Asia Pacific Grid Connections Market by Country
3.2 Asia Pacific Wind Farms Market by Country
3.3 Asia Pacific Oil & Gas Market by Country
Chapter 4. Asia Pacific Converter Transformer Market by Type
4.1 Asia Pacific 401-600 Kv Market by Country
4.2 Asia Pacific 201-400 Kv Market by Country
4.3 Asia Pacific 601-800 Kv Market by Country
Chapter 5. Asia Pacific Converter Transformer Market by Country
5.1 China Converter Transformer Market
5.1.1 China Converter Transformer Market by Application
5.1.2 China Converter Transformer Market by Type
5.2 Japan Converter Transformer Market
5.2.1 Japan Converter Transformer Market by Application
5.2.2 Japan Converter Transformer Market by Type
5.3 India Converter Transformer Market
5.3.1 India Converter Transformer Market by Application
5.3.2 India Converter Transformer Market by Type
5.4 South Korea Converter Transformer Market
5.4.1 South Korea Converter Transformer Market by Application
5.4.2 South Korea Converter Transformer Market by Type
5.5 Singapore Converter Transformer Market
5.5.1 Singapore Converter Transformer Market by Application
5.5.2 Singapore Converter Transformer Market by Type
5.6 Malaysia Converter Transformer Market
5.6.1 Malaysia Converter Transformer Market by Application
5.6.2 Malaysia Converter Transformer Market by Type
5.7 Rest of Asia Pacific Converter Transformer Market
5.7.1 Rest of Asia Pacific Converter Transformer Market by Application
5.7.2 Rest of Asia Pacific Converter Transformer Market by Type
Chapter 6. Company Profiles
6.1 ABB Group
6.1.1 Company Overview
6.1.1 Financial Analysis
6.1.2 Segmental and Regional Analysis
6.1.3 Research & Development Expense
6.1.4 Recent strategies and developments:
6.1.4.1 Partnerships, Collaborations, and Agreements:
6.1.4.2 Acquisition and Mergers:
6.1.5 SWOT Analysis
6.2 Siemens AG
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.2.5 Recent strategies and developments:
6.2.5.1 Product Launches and Product Expansions:
6.2.5.2 Acquisition and Mergers:
6.2.6 SWOT Analysis
6.3 General Electric (GE) Co.
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expense
6.3.5 SWOT Analysis
6.4 Toshiba Corporation
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research and Development Expense
6.4.5 SWOT Analysis
6.5 Mitsubishi Electric Corporation
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expense
6.5.5 SWOT Analysis
6.6 Kirloskar Electric Co. Ltd.
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental Analysis
6.7 CG Power & Industrial Solutions Ltd. (Murugappa Group)
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental and Regional Analysis
6.8 Bharat Heavy Electricals Ltd.
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental Analysis
6.9 Xi'an Xidian Transformer Co., Ltd.
6.9.1 Company Overview
TABLE 1 Asia Pacific Converter Transformer Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Converter Transformer Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Converter Transformer Market by Application, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Converter Transformer Market by Application, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Grid Connections Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Grid Connections Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Wind Farms Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Wind Farms Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Converter Transformer Market by Type, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Converter Transformer Market by Type, 2022 - 2028, USD Million
TABLE 13 Asia Pacific 401-600 Kv Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific 401-600 Kv Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific 201-400 Kv Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific 201-400 Kv Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific 601-800 Kv Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific 601-800 Kv Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Converter Transformer Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Converter Transformer Market by Country, 2022 - 2028, USD Million
TABLE 21 China Converter Transformer Market, 2018 - 2021, USD Million
TABLE 22 China Converter Transformer Market, 2022 - 2028, USD Million
TABLE 23 China Converter Transformer Market by Application, 2018 - 2021, USD Million
TABLE 24 China Converter Transformer Market by Application, 2022 - 2028, USD Million
TABLE 25 China Converter Transformer Market by Type, 2018 - 2021, USD Million
TABLE 26 China Converter Transformer Market by Type, 2022 - 2028, USD Million
TABLE 27 Japan Converter Transformer Market, 2018 - 2021, USD Million
TABLE 28 Japan Converter Transformer Market, 2022 - 2028, USD Million
TABLE 29 Japan Converter Transformer Market by Application, 2018 - 2021, USD Million
TABLE 30 Japan Converter Transformer Market by Application, 2022 - 2028, USD Million
TABLE 31 Japan Converter Transformer Market by Type, 2018 - 2021, USD Million
TABLE 32 Japan Converter Transformer Market by Type, 2022 - 2028, USD Million
TABLE 33 India Converter Transformer Market, 2018 - 2021, USD Million
TABLE 34 India Converter Transformer Market, 2022 - 2028, USD Million
TABLE 35 India Converter Transformer Market by Application, 2018 - 2021, USD Million
TABLE 36 India Converter Transformer Market by Application, 2022 - 2028, USD Million
TABLE 37 India Converter Transformer Market by Type, 2018 - 2021, USD Million
TABLE 38 India Converter Transformer Market by Type, 2022 - 2028, USD Million
TABLE 39 South Korea Converter Transformer Market, 2018 - 2021, USD Million
TABLE 40 South Korea Converter Transformer Market, 2022 - 2028, USD Million
TABLE 41 South Korea Converter Transformer Market by Application, 2018 - 2021, USD Million
TABLE 42 South Korea Converter Transformer Market by Application, 2022 - 2028, USD Million
TABLE 43 South Korea Converter Transformer Market by Type, 2018 - 2021, USD Million
TABLE 44 South Korea Converter Transformer Market by Type, 2022 - 2028, USD Million
TABLE 45 Singapore Converter Transformer Market, 2018 - 2021, USD Million
TABLE 46 Singapore Converter Transformer Market, 2022 - 2028, USD Million
TABLE 47 Singapore Converter Transformer Market by Application, 2018 - 2021, USD Million
TABLE 48 Singapore Converter Transformer Market by Application, 2022 - 2028, USD Million
TABLE 49 Singapore Converter Transformer Market by Type, 2018 - 2021, USD Million
TABLE 50 Singapore Converter Transformer Market by Type, 2022 - 2028, USD Million
TABLE 51 Malaysia Converter Transformer Market, 2018 - 2021, USD Million
TABLE 52 Malaysia Converter Transformer Market, 2022 - 2028, USD Million
TABLE 53 Malaysia Converter Transformer Market by Application, 2018 - 2021, USD Million
TABLE 54 Malaysia Converter Transformer Market by Application, 2022 - 2028, USD Million
TABLE 55 Malaysia Converter Transformer Market by Type, 2018 - 2021, USD Million
TABLE 56 Malaysia Converter Transformer Market by Type, 2022 - 2028, USD Million
TABLE 57 Rest of Asia Pacific Converter Transformer Market, 2018 - 2021, USD Million
TABLE 58 Rest of Asia Pacific Converter Transformer Market, 2022 - 2028, USD Million
TABLE 59 Rest of Asia Pacific Converter Transformer Market by Application, 2018 - 2021, USD Million
TABLE 60 Rest of Asia Pacific Converter Transformer Market by Application, 2022 - 2028, USD Million
TABLE 61 Rest of Asia Pacific Converter Transformer Market by Type, 2018 - 2021, USD Million
TABLE 62 Rest of Asia Pacific Converter Transformer Market by Type, 2022 - 2028, USD Million
TABLE 63 Key Information – ABB Group
TABLE 64 Key Information – Siemens AG
TABLE 65 KEY INFORMATION – GENERAL ELECTRIC (GE) CO.
TABLE 66 Key Information – Toshiba Corporation
TABLE 67 key information – Mitsubishi Electric Corporation
TABLE 68 Key Information – Kirloskar Electric Co., Ltd.
TABLE 69 Key Information – CG Power & Industrial Solutions Ltd.
TABLE 70 Key information – Bharat Heavy Electricals Ltd.
TABLE 71 Key Information – Xi'an Xidian Transformer Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: ABB Group
FIG 3 Swot analysis: Siemens AG
FIG 4 Swot analysis: General electric (GE) Co.
FIG 5 SWOT Analysis: Toshiba Corporation
FIG 6 SWOT Analysis: Mitsubishi Electric Corporation