ASEAN: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2025

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in ASEAN

For the eleventh year in a row, the ASEAN market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA recorded growth in sales value, which increased by 19% to $X in 2022. Overall, consumption saw significant growth. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over X kVA in ASEAN

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Exports in ASEAN

In 2022, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kva in ASEAN skyrocketed to X units, rising by 77% against 2021 figures. In general, exports saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 15,449%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA rose slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 43%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X units) represented roughly 100% of total exports in 2022.

Thailand was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exports, with a CAGR of +122.3% from 2012 to 2022. Thailand (+78 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) also remains the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier in ASEAN.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand stood at -5.1%.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, declining by -42.6% against the previous year. Over the period under review, the export price faced a precipitous setback. The growth pace was the most rapid in 2016 when the export price increased by 13%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to -57.3% per year.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Imports in ASEAN

In 2022, approx. X units of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA were imported in ASEAN; with an increase of 25% compared with the previous year's figure. In general, imports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 23,593% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2022. Overall, imports, however, showed a noticeable descent. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA in 2022 were Thailand (X units), together finishing at 99.9% of total import.

Thailand was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity over X kVA imports, with a CAGR of +179.1% from 2012 to 2022. While the share of Thailand (+92 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported electrical transformers with non-liquid dielectric, of power handling capacity over X kVA in ASEAN.

In Thailand, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA expanded at an average annual rate of +13.4% over the period from 2012-2022.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, rising by 42% against the previous year. Overall, the import price, however, continues to indicate a sharp shrinkage. The growth pace was the most rapid in 2016 when the import price increased by 76%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to -59.4% per year.

Source: IndexBox Platform