Asia-Pacific: 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-Pacific

The Asia-Pacific market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022, surging by 19% against the previous year. Over the period under review, consumption showed a significant expansion. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the immediate term.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA plummeted to $X in 2022 estimated in export price. The total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +21.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by 43%. As a result, production attained the peak level of $X, and then fell rapidly in the following year.

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

Exports in Asia-Pacific

In 2022, shipments abroad of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA increased by 48% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 2,087% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand was the key exporter of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA in Asia-Pacific, with the volume of exports amounting to X units, which was approx. 80% of total exports in 2022. China (X units) ranks second in terms of the total exports with a 10% share, 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. While the share of Thailand (+75 p.p.) and India (+2.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (-11.4 p.p.) and China (-12.6 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier in Asia-Pacific, comprising 65% of total exports. The second position in the ranking was taken by Japan ($X), with a 7.9% share of total exports. It was followed by India, with a 5.2% share.

In China, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA expanded at an average annual rate of +9.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-2.2% per year) and India (+12.0% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, flattening at the previous year. Overall, the export price, however, saw a dramatic descent. The most prominent rate of growth was recorded in 2017 an increase of 20%. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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-Pacific

For the third year in a row, Asia-Pacific recorded growth in supplies from abroad of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA, which increased by 21% to X units in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 10,898%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022. Over the period under review, imports, however, saw a noticeable downturn. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Thailand prevails in kVA structure, reaching X units, which was approx. 97% of total imports in 2022. Australia (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 imports, with a CAGR of +179.1% from 2012 to 2022. At the same time, Australia (+71.8%) displayed positive paces of growth. While the share of Thailand (+94 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-5.6 p.p.) displayed negative dynamics.

In value terms, Thailand ($X) and Australia ($X) constituted the countries with the highest levels of imports in 2022.

Thailand, with a CAGR of +13.4%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, picking up by 20% against the previous year. Overall, the import price, however, recorded a sharp descent. The pace of growth appeared the most rapid in 2016 when the import price increased by 26% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per unit), while Thailand stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-40.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :