Asia: 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 Asia

The Asian market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022, growing by 19% against the previous year. Overall, consumption saw significant growth. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA reached $X in 2022 estimated in export price. The total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 34% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

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

Exports in Asia

For the third year in a row, Asia recorded growth in overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA, which increased by 54% to X units in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,947% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA surged to $X in 2022. The total export value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand represented the major exporter of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA in Asia, with the volume of exports amounting to X units, which was approx. 79% of total exports in 2022. China (X units) held a 10% share (based on physical terms) of total exports, which put it in second place, followed by India (7.8%). Japan (X units) followed a long way behind the leaders.

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. At the same time, India (+75.4%), China (+54.4%) and Japan (+38.1%) displayed positive paces of growth. From 2012 to 2022, the share of Thailand and India increased by +76 and +3.8 percentage points, respectively.

In value terms, China ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier in Asia, comprising 61% of total exports. The second position in the ranking was held by Japan ($X), with a 7.4% share of total exports. It was followed by India, with a 4.8% share.

In China, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA increased at an average annual rate of +9.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-2.2% per year) and India (+12.0% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, waning by -3.9% against the previous year. Over the period under review, the export price showed a precipitous shrinkage. The pace of growth was the most pronounced in 2016 an increase of 20% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-29.2%), while the other leaders experienced a decline in the export price figures.

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

Imports in Asia

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA imported in Asia skyrocketed to X units, growing by 21% against the previous year's figure. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 8,483% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA surged to $X in 2022. Overall, imports, however, showed a pronounced descent. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a 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 reaching 99% 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. Thailand (+97 p.p.) significantly strengthened its position in terms of the total imports, while 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 Asia.

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

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, growing by 13% against the previous year. In general, the import price, however, showed a dramatic setback. The pace of growth appeared the most rapid in 2016 when the import price increased by 26%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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