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: ETC005413 | 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 | |
In the year 2021, Germany was the largest exporter in terms of value, followed by Turkey. It has registered a growth of 42.74% over the previous year. While Turkey registered a growth of 189.42% as compared to the previous year. In the year 2017, Germany was the largest exporter followed by Korea. In term of the Herfindahl Index, which measures the competitiveness of countries exporting, Morocco has a Herfindahl index of 1524 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of 3656 which signifies a high concentration in the market.
Morocco 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.
Morocco Dielectric Liquid Transformer Market has been gaining prominent growth and it is expected to rise effortlessly during the forecast period on the back of the fastest growing population, rising urbanization, government support and the rising demand for these transformers from mining, automotive, and aerospace industries.
According to 6Wresearch, Morocco Dielectric Liquid Transformer Market size is anticipated to grow enormously at a CAGR of 3.6% during 2025-2031 Morocco's rapidly growing population and expanding urbanization have increased its electricity consumption significantly. The growth of this market is expected to continue, necessitating additional power generation capacity and transmission infrastructure, which will boost demand for transformers. Additionally, the industrial sector's growth, especially in the mining, automotive, and aerospace industries, is driving increased transformer demand.
Despite the bright prospects for the transformer industry in Morocco, it faces a few significant challenges. Firstly, the high import dependency on transformer components and raw materials increases costs, leading to high transformer prices in the domestic market. Secondly, the market is highly fragmented, with intense competition and minimal product differentiation. Lastly, the country's local content regulations create additional costs and paperwork for local transformer manufacturers. These challenges may hamper Morocco Dielectric Liquid Transformer Market Growth.
Several key players, both domestic and international, operate in Morocco's transformer market, including SGB-SMIT, Electrical Ways Morocco, ELSEWEDY ELECTRIC Morocco, and JEUMONT ELECTRIC. SGB-SMIT, a Dutch manufacturer of power transformers, has established a factory in Casablanca Industrial Zone II, with a capacity of 6,000 MVA. Electrical Ways Morocco, a subsidiary of EMS Group, designs, manufactures, and supplies distribution and power transformers for Moroccan and West African markets.
The Moroccan government has launched several initiatives to support the transformer industry's growth as part of the country's energy security strategy. One such initiative is the National Electricity and Renewable Energy Office (ONEE) program, which aims to expand and modernize the country's transmission and distribution network. Another is the "Industrial Acceleration Plan" (IAP), which aims to boost the country's industrial sector's competitiveness by incentivizing investment, including in the transformer industry. Morocco's Industrial Acceleration Plan aims to support the growth of this industry under the "Emerging Industrial Branches" program, which focuses on the development of several priority sectors in Morocco.
According to Dhaval, Research Manager, 6Wresearch, the water-based and gas-based transformer segments have shown more significant growth in comparison to the hydrocarbon oil-based product type. The need for eco-friendly products, increased regulations, and technological advancement has led to a shift in consumer preferences from oil-based transformers to gas-based and water-based types.
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 Morocco Dielectric Liquid Transformer Market Overview |
3.1 Morocco Country Macro Economic Indicators |
3.2 Morocco Dielectric Liquid Transformer Market Revenues & Volume, 2021 & 2031F |
3.3 Morocco Dielectric Liquid Transformer Market - Industry Life Cycle |
3.4 Morocco Dielectric Liquid Transformer Market - Porter's Five Forces |
3.5 Morocco Dielectric Liquid Transformer Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.6 Morocco Dielectric Liquid Transformer Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Morocco Dielectric Liquid Transformer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Morocco Dielectric Liquid Transformer Market Trends |
6 Morocco Dielectric Liquid Transformer Market, By Types |
6.1 Morocco Dielectric Liquid Transformer Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 Morocco Dielectric Liquid Transformer Market Revenues & Volume, By Product Types, 2021 - 2031F |
6.1.3 Morocco Dielectric Liquid Transformer Market Revenues & Volume, By Water Based, 2021 - 2031F |
6.1.4 Morocco Dielectric Liquid Transformer Market Revenues & Volume, By Hydrocarbon Oil Based, 2021 - 2031F |
6.1.5 Morocco Dielectric Liquid Transformer Market Revenues & Volume, By Gas Based, 2021 - 2031F |
6.2 Morocco Dielectric Liquid Transformer Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Morocco Dielectric Liquid Transformer Market Revenues & Volume, By Windmill Transformers, 2021 - 2031F |
6.2.3 Morocco Dielectric Liquid Transformer Market Revenues & Volume, By Traction Transformers, 2021 - 2031F |
6.2.4 Morocco Dielectric Liquid Transformer Market Revenues & Volume, By Electrical Discharge Machining (EDM), 2021 - 2031F |
6.2.5 Morocco Dielectric Liquid Transformer Market Revenues & Volume, By Capacitors, 2021 - 2031F |
6.2.6 Morocco Dielectric Liquid Transformer Market Revenues & Volume, By Off-Shore Transformers, 2021 - 2031F |
6.2.7 Morocco Dielectric Liquid Transformer Market Revenues & Volume, By Distribution Transformers, 2021 - 2031F |
7 Morocco Dielectric Liquid Transformer Market Import-Export Trade Statistics |
7.1 Morocco Dielectric Liquid Transformer Market Export to Major Countries |
7.2 Morocco Dielectric Liquid Transformer Market Imports from Major Countries |
8 Morocco Dielectric Liquid Transformer Market Key Performance Indicators |
9 Morocco Dielectric Liquid Transformer Market - Opportunity Assessment |
9.1 Morocco Dielectric Liquid Transformer Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.2 Morocco Dielectric Liquid Transformer Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Morocco Dielectric Liquid Transformer Market - Competitive Landscape |
10.1 Morocco Dielectric Liquid Transformer Market Revenue Share, By Companies, 2024 |
10.2 Morocco Dielectric Liquid Transformer Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |