Jordan Transformer Market (2024-2030) | Revenue, Share, Companies, Trends, Industry, Growth, Outlook, Analysis, Value, Size & Forecast

Topics Covered in Jordan Transformer Market Report

Jordan Transformer Market report thoroughly covers the market by Core, Product, Winding, application, Cooling, Rating and Phase. The market report provides an unbiased and detailed analysis of the ongoing 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.

Jordan Transformer Market Synopsis

Jordan Transformer Market is rising significantly and it will continue to rise more in the near future attributed to a number of factors. Urbanization is rising more and more in the country owing to which there is a rise in demand for transformers, which is attributed to the market growth. The rising demand for electricity and government initiatives are also supporting the progress of this market.

According to 6Wresearch, Jordan Transformer Market size is anticipated to register a CAGR of 7.2% during 2024-2030. Jordan's urbanization rate is currently at 88.8%, which means that more Jordanians are moving into cities. Cities require a consistent supply of electricity, which has created a demand for transformers. Jordan's industrial sector is a crucial driver of the economy. Companies and factories require a stable supply of electricity, which can be provided by transformers.

The increased industrialization in Jordan has led to an increase in demand for transformers. Jordan is investing in renewable energies such as wind and solar. The country has set a target of generating 20% of its electricity from renewable sources by 2020. New renewable energy projects require transformers to connect to the national grid and transmit their generated power.

Jordan's transformer market is highly competitive, with both international and local companies competing for contracts. It can be difficult for smaller local companies to compete with international firms' technological advantages and economies of scale. Due to the small size of the local market and the limited manufacturing capacity, companies often have to import transformers to fulfill local demand. This dependence on foreign manufacturers makes the market vulnerable to price fluctuations and supply chain disruptions.

Jordan Transformer Industry: Key Players

The Jordan transformer market has some significant players such as ABB, Siemens, EMCO, and Al Jomaih Electrical Company. These companies are investing heavily in research and development to create innovative transformer solutions to cater to the evolving market needs. Additionally, they are collaborating with their local counterparts to set up manufacturing facilities and provide after-sale services to meet the specific requirements of the Jordan market.

Transformer Market in Jordan: Government Regulations

The government of Jordan has implemented various regulations and initiatives to support the growth of the energy sector and, consequently, the transformer market. The government is focusing on reducing the carbon footprint and promoting the use of renewable energy sources. The Energy Efficiency and Renewable Energy Law emphasizes the importance of energy conservation and encourages the use of innovative energy-saving techniques. The government also offers subsidies and tax incentives to companies investing in the energy sector, which has encouraged the entry of new players and increased competition.

Market Segmentation by Product

According to Suryakant, Senior Research Analyst, 6Wresearch, the Jordan transformer industry has seen a notable climb in the distribution transformer segment. Distribution transformers form a vital component of the power distribution system and find application in residential and industrial sectors. Distribution transformers are used in areas where there is a need for voltage transformation from the transmission voltage to a lower voltage that is safe for use by homeowners and industrial consumers. The growth of distribution transformers in Jordan can be attributed to efforts by the government to ensure stable power supply in the country.

Market Segmentation by Application

The residential and commercial application segments continue to lead the market, the utility sector is also making considerable investments to sustain the energy demand through renewable energy sources. The industrial sector's growth is expected to drive the Jordan transformer market in the coming years.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Jordan Transformer Market Outlook
• Market Size of Jordan Transformer Market, 2023
• Forecast of Jordan Transformer Market, 2030
• Historical Data and Forecast of Jordan Transformer Revenues & Volume for the Period 2020 - 2030
• Jordan Transformer Market Trend Evolution
• Jordan Transformer Market Drivers and Challenges
• Jordan Transformer Price Trends
• Jordan Transformer Porter's Five Forces
• Jordan Transformer Industry Life Cycle
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Core for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Closed for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Shell for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Berry for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Product for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Power transformer for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Distribution transformer for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Instrument transformer for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Winding for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Two-winding for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Auto-transformer for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Application for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Residential & Commercial for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Utility for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Industrial for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Cooling for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Dry type for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Oil Immersed for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Insulation for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Gas for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Oil for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Solid for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Air for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Phase for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Single phase for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By 3 - phase for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By Rating for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By ? 10 MVA for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By 11 MVA to 60 MVA for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By 61 MVA to 600 MVA for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Transformer Market Revenues & Volume By > 600 MVA for the Period 2020 - 2030
• Jordan Transformer Import Export Trade Statistics
• Market Opportunity Assessment By Core
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Winding
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Cooling
• Market Opportunity Assessment By Insulation
• Market Opportunity Assessment By Phase
• Market Opportunity Assessment By Rating
• Jordan Transformer Top Companies Market Share
• Jordan Transformer Competitive Benchmarking By Technical and Operational Parameters
• Jordan Transformer Company Profiles
• Jordan Transformer Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Core

• Closed
• Shell
• Berry

By Product

• Power Transformer
• Distribution Transformer
• Instrument Transformer
• Others

By Winding

• Two-Winding
• Auto-Transformer

By Application

• Residential & Commercial
• Utility
• Industrial

By Cooling

• Dry-Type
• Oil Immersed

By Phase

• Single Phase
• 3 – Phase

By Rating

• 10 MVA
• 11 MVA To 60 MVA
• 61 MVA To 600 MVA
• > 600 MVA

Jordan Transformer Market (2024-2030): FAQ