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

Topics Covered in Thailand Transformer Market Report

Thailand 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.

Thailand Transformer Market Synopsis

Thailand Transformer Market is anticipated to project moderate growth during the upcoming years owing to the rising industrialisation and increasing electricity demand. The upsurging population backed by rising development in the construction sector beholds the Thailand Transformer Market Growth. Additionally, the increasing need to reduce power theft is driving the development of the market. Increasing government efforts to develop a renewable source of power also stimulates market growth.

According to 6Wresearch, Thailand Transformer Market size is projected to register a CAGR of 5.2% during 2024-2030.  One of the primary drivers of Thailand's transformer market is the electricity demand. The country has one of the most robust and reliable power grids in Southeast Asia, but with an ever-growing population, more energy-intensive industries, and a boom in the tourism sector, the electricity demand is not abating anytime soon. Additionally, Thailand's government has set ambitious targets to increase the share of renewable energy for power generation in the country, which also spurs demand for transformers that are essential in integrating renewable energy sources into the grid.

Thailand transformer market has its fair share of challenges. One of the most significant hurdles is the lack of domestic manufacturing capabilities. Currently, most of the transformers used in Thailand are imported from foreign manufacturers, which limits the country's ability to control the quality and price of the products. Additionally, the lack of domestic competition hampers innovation and technological advancement in the sector, meaning that Thailand relies on foreign firms to provide the latest transformer technologies.

Thailand Transformer Industry: Key Players

The Thailand transformer market has several key players. Some of the major players include Siemens AG, ABB Group, Mitsubishi Electric Corporation, Toshiba Corporation, and Crompton Greaves Limited. These companies have a significant presence not only in Thailand but also in other developed economies, which strengthens their market position further.

Transformer Market in Thailand: Government Regulations

The Thai government has launched several initiatives to boost the transformer industry's growth and development in the country. For instance, the Thailand Board of Investment provides incentives and tax exemptions to domestic and foreign investors in the sector. Another significant step is the Thailand 4.0 initiative, which aims to develop new and advanced technologies to create a sustainable and innovative economy. This initiative is expected to increase the demand for state-of-the-art transformers, enabling the country to move towards a cleaner and more sustainable energy future.

Market Segmentation by Product

According to Sumit, Senior Research Manager, 6Wresearch, distribution transformer accounted for a substantial share and is expected to boost the market.

Market Segmentation by Application

The utility segment will continue to be the largest due to the expansion of the power grid, the development of the Smart Grid, and the increase in electricity consumption.

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

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

Thailand Transformer Market (2024-2030): FAQs