Market Forecast By Product Types (Water Based, Hydrocarbon Oil Based, Gas Based), By Applications (Windmill Transformers, Traction Transformers, Electrical Discharge Machining (EDM), Capacitors, Off-Shore Transformers, Distribution Transformers, Others) And Competitive Landscape
Product Code: ETC005416 | Publication Date: Sep 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Ghana Dielectric Liquid Transformer Market report thoroughly covers the market by product types and applications. The market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Ghana Dielectric Liquid Transformer Market is attaining prominent growth and it is anticipated to propel more during the forecast period and the major reasons behind this growth include the surge in electricity demand, rising urbanization, industrialization, and rise in investments. The market is also confronting some challenges which it can overcome in the coming years.
According to 6Wresearch, Ghana Dielectric Liquid Transformer Market size is estimated to rise at a CAGR of 8.5% during 2025-2031. The primary driver of Ghana's dielectric liquid transformer market is the surge in electricity demand. The Ghanaian government, in collaboration with the private sector, has invested heavily in energy infrastructure as part of the country's industrialization process. This investment has increased access to electricity, thereby boosting economic growth and creating opportunities for both local and international businesses. Aside from the surge in electricity demand, Ghana's rising industrialization and urbanization rates are also driving the demand for dielectric liquid transformers. The boom in construction projects, along with an increase in commercial and residential building, is progressively driving demand.
Ghana dielectric liquid transformer market faces several challenges, with the primary one being the high cost of imported transformers. Since there are no local manufacturing facilities for transformers, Ghana relies heavily on imports, leading to high costs for the consumers. Another challenge facing the market is the lack of adequate enforcement of regulations governing the import and distribution of transformers which can impede the Ghana dielectric liquid transformer market growth. As a result, there are many substandard products on the market, posing a considerable risk of electrocution and contributing to industry loss.
The Ghana dielectric liquid transformer market has experienced an influx of local and international players, both small and large. The biggest international companies in the market include ABB, Siemens, and General Electric. Meanwhile, local players such as PSC Tema, JVS Transformers, and others are rapidly gaining ground in the market.
In recent years, the Ghanaian government has put in place several regulations to develop safety standards and improve product quality control. For instance, there is a mandatory registration scheme for all electrical products, including transformers. This program requires manufacturers to register with the Ghana Standards Authority (GSA) before importing their products into the country. Also, the Ghanaian government is progressively introducing two-phase power supply in the country, necessitating the need for transformers that can handle the new system demands.
According to Saurav, Senior Research Analyst, 6Wresearch, water-based dielectric liquid transformers are becoming highly desirable due to their cost-effectiveness and an affordable eco-friendly alternative to hydrocarbon oil-filled transformers. Although Hydrocarbon Oil-based transformers remain the most widely used within Ghana, their growth is expected to slow down in the coming years, due to sustainability reasons.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Ghana Dielectric Liquid Transformer Market Overview |
3.1 Ghana Country Macro Economic Indicators |
3.2 Ghana Dielectric Liquid Transformer Market Revenues & Volume, 2021 & 2031F |
3.3 Ghana Dielectric Liquid Transformer Market - Industry Life Cycle |
3.4 Ghana Dielectric Liquid Transformer Market - Porter's Five Forces |
3.5 Ghana Dielectric Liquid Transformer Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.6 Ghana Dielectric Liquid Transformer Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Ghana Dielectric Liquid Transformer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Ghana Dielectric Liquid Transformer Market Trends |
6 Ghana Dielectric Liquid Transformer Market, By Types |
6.1 Ghana Dielectric Liquid Transformer Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 Ghana Dielectric Liquid Transformer Market Revenues & Volume, By Product Types, 2021 & 2031F |
6.1.3 Ghana Dielectric Liquid Transformer Market Revenues & Volume, By Water Based, 2021 & 2031F |
6.1.4 Ghana Dielectric Liquid Transformer Market Revenues & Volume, By Hydrocarbon Oil Based, 2021 & 2031F |
6.1.5 Ghana Dielectric Liquid Transformer Market Revenues & Volume, By Gas Based, 2021 & 2031F |
6.2 Ghana Dielectric Liquid Transformer Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Ghana Dielectric Liquid Transformer Market Revenues & Volume, By Windmill Transformers, 2021 & 2031F |
6.2.3 Ghana Dielectric Liquid Transformer Market Revenues & Volume, By Traction Transformers, 2021 & 2031F |
6.2.4 Ghana Dielectric Liquid Transformer Market Revenues & Volume, By Electrical Discharge Machining (EDM), 2021 & 2031F |
6.2.5 Ghana Dielectric Liquid Transformer Market Revenues & Volume, By Capacitors, 2021 & 2031F |
6.2.6 Ghana Dielectric Liquid Transformer Market Revenues & Volume, By Off-Shore Transformers, 2021 & 2031F |
6.2.7 Ghana Dielectric Liquid Transformer Market Revenues & Volume, By Distribution Transformers, 2021 & 2031F |
7 Ghana Dielectric Liquid Transformer Market Import-Export Trade Statistics |
7.1 Ghana Dielectric Liquid Transformer Market Export to Major Countries |
7.2 Ghana Dielectric Liquid Transformer Market Imports from Major Countries |
8 Ghana Dielectric Liquid Transformer Market Key Performance Indicators |
9 Ghana Dielectric Liquid Transformer Market - Opportunity Assessment |
9.1 Ghana Dielectric Liquid Transformer Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.2 Ghana Dielectric Liquid Transformer Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Ghana Dielectric Liquid Transformer Market - Competitive Landscape |
10.1 Ghana Dielectric Liquid Transformer Market Revenue Share, By Companies, 2024 |
10.2 Ghana Dielectric Liquid Transformer Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |