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

Topics Covered in Morocco Transformer Market Report

Morocco Transformer Market report thoroughly covers the market by Core, Product, Winding, Application, Cooling, Phase, and Rating. 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.

Morocco Transformer Market Synopsis

Morocco Transformer Market has been growing significantly and the market is projected to grow more in the years to come due to the increased investment in the country's infrastructure, rapid urbanization, faster population growth and efforts made by the country’s government towards expanding electricity networks to rural areas.

According to 6Wresearch, Morocco Transformer Market size is anticipated to grow at a tremendous growth rate of 5.4% during 2024-2030. The key driver for the transformer market in Morocco is the increased investment in the country's infrastructure. According to Morocco's Sustainable Energy Agency, the government will invest up to $40 billion to achieve a renewable energy target of 52% by 2030. Additionally, the government is placing significant efforts towards expanding electricity networks to rural areas and upgrading aging transmission and distribution networks.

One of the challenges facing the Morocco transformer market is the lack of domestic production capabilities, leading to a dependence on imports from foreign suppliers. According to a report by the United States International Trade Administration, the market is dominated by global players such as ABB, Siemens, and Schneider Electric. With the increase in electricity demand, there is a need for local production of transformers, which would significantly contribute to the country's economic growth.

Morocco Transformer Industry: Key Players

Local and international companies are key players in the transformer market in Morocco. One of the main players is ABB, which offers several transformer products like power transformers, distribution transformers, and dry transformers. Schneider Electric, which is a global player, has a significant presence in Morocco's market, offering distribution transformers and energy efficiency solutions. Siemens also has a significant market presence, with a focus on high voltage transformers.

Transformer Market in Morocco: Government Regulations

Government regulations play a significant role in shaping the transformer market in Morocco. The government established the Moroccan Agency for Solar Energy, which aims to promote renewable energy development in the country. The agency has launched major renewable energy projects, which require substantial transformer investments. The agency also provides incentives for private sector investments in the renewable energy sector.

Market Segmentation by Product

According to Dhaval, Research Manager, 6Wresearch, the transformer market in Morocco is experiencing significant growth, with the power transformer and distribution transformer market segments seeing the most growth. The growth can be attributed to the Moroccan government's commitment to rural electrification, housing projects, and renewable energy projects.

Market Segmentation by Application

On the basis of application, the residential and commercial segments are growing because of the increasing private sector investments in building modern commercial establishments, shopping centres, and residential quarters. With the rise in urbanization, the demand for power faced a boost in these areas rapidly.

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:

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

Morocco Transformer Market (2024-2030): FAQ