Japan: 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 Japan

The Japanese market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA reached $X in 2022, rising by 8.6% against the previous year. In general, consumption saw buoyant growth. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the immediate term.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA surged to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable reduction. Production of 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 from Japan

After two years of growth, overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by -5.8% to X units in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 2,217% against the previous year. As a result, the exports reached the peak of X units, and then contracted in the following year.

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

Exports by Country

Saudi Arabia (X units), Hong Kong SAR (X units) and South Korea (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Japan, together comprising 89% of total exports. The UK, the Philippines, Taiwan (Chinese) and Malaysia lagged somewhat behind, together accounting for a further 8.9%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +216.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Hong Kong SAR ($X) and South Korea ($X) appeared to be the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exported from Japan worldwide, together comprising 89% of total exports. The UK, the Philippines, Taiwan (Chinese) and Malaysia lagged somewhat behind, together comprising a further 8.9%.

Among the main countries of destination, the UK, with a CAGR of +148.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, picking up by 98% against the previous year. Overall, the export price, however, faced a sharp curtailment. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Malaysia ($X per unit) and Taiwan (Chinese) ($X per unit), while the average price for exports to the Philippines ($X per unit) and Hong Kong SAR ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+17.1%), while the prices for the other major destinations experienced a decline.

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

Imports into Japan

In 2022, purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by -99.4% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2020 when imports increased by 24,779%. Imports peaked at X units in 2021, and then dropped remarkably in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA contracted modestly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 36%. Over the period under review, imports of reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), South Korea (X units) and Vietnam (X units) were the main suppliers of imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Japan, with a combined 78% share of total imports. Taiwan (Chinese), Thailand, the United States and Germany lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +58.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA suppliers to Japan were China ($X), South Korea ($X) and Vietnam ($X), with a combined 78% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +289.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, picking up by 17,392% against the previous year. In general, the import price, however, showed a perceptible shrinkage. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per unit) and the United States ($X per unit), while the price for Thailand ($X per unit) and Vietnam ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+17,345.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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