Report Overview

Australia Power and Distribution Transformers Market – Trends & Forecast Report, 2029

Australia power and distribution transformers market size was estimated at USD 506.70 million in 2022. During the forecast period between 2023 and 2029, the size of Australia power and distribution transformers market is projected to grow at a CAGR of 5.43% reaching a value of USD 728.28 million by 2029. Major factor driving the growth of the Australia power and distribution transformers market is a growing demand for renewable energy sources, such as solar and wind power, which has resulted in the installation of new power generation infrastructure across the country. This has driven the need for efficient power transmission and distribution systems, boosting the demand for transformers. Also, there is an increased focus on grid modernization and upgrading aging infrastructure, leading to the replacement of outdated transformers with more advanced and efficient models. The rise of electric vehicles and the expansion of industrial sectors have contributed to the growing demand for transformers in Australia. Overall, the market is witnessing a shift towards sustainable energy solutions and improved grid reliability.

Australia Power and Distribution Transformers Market - Overview

Power and distribution transformers are electrical devices used to transfer electrical energy from one circuit to another, typically at different voltage levels. Power transformers are primarily employed in power generation stations and substations to step up or step-down voltages for efficient transmission and distribution over long distances. They handle high power levels and are designed to withstand high voltage levels. Distribution transformers, on the other hand, are used to deliver electrical energy to end-users at lower voltage levels, typically in residential, commercial, and industrial areas. They play a crucial role in maintaining a safe and reliable electricity supply by regulating voltage and reducing electrical losses during distribution.

Growth Drivers

Renewable Energy Transition

In recent years, Australia has witnessed a significant growth driver in its power and distribution transformers market due to the country's increasing transition towards renewable energy sources. As Australia strives to reduce its reliance on traditional fossil fuel-based power generation, there has been a substantial surge in the installation of renewable energy infrastructure, such as wind farms and solar power plants. This transition has led to a greater demand for power and distribution transformers to efficiently transmit and distribute electricity generated from these renewable sources. The integration of renewable energy into the national grid has not only stimulated the growth of the transformer market but also contributed to a more sustainable and environmentally friendly energy landscape in Australia.

Restraints

Growing Demand and Infrastructure

In Australia, the power and distribution transformers market faces a range of restraints due to the country's unique circumstances. One significant challenge is the growing demand for electricity driven by population growth and industrial development. This surge in power requirements puts immense pressure on the existing infrastructure, leading to an urgent need for transformer upgrades and replacements. Also, Australia's vast geographical landscape and dispersed population present logistical hurdles for the efficient distribution and maintenance of transformers, resulting in increased costs and longer lead times. The transition towards renewable energy sources poses compatibility issues with existing transformers, necessitating substantial investments in transformer technology to accommodate the changing energy mix. Addressing these restraints is crucial for ensuring a reliable and sustainable power supply across Australia.

Impact of COVID-19 on the Australia Power and Distribution Transformers Market

The COVID-19 pandemic significantly impacted the power and distribution transformers market in Australia. The strict lockdown measures and disruptions in economic activities led to a decline in overall electricity demand, affecting the installation and replacement of transformers. Construction projects and infrastructure development were delayed or put on hold, resulting in reduced demand for transformers. Supply chain disruptions and logistical challenges also affected the availability of raw materials and components, leading to manufacturing delays. However, with the gradual recovery and easing of restrictions, the market is expected to bounce back as investments in renewable energy and infrastructure projects resume, driving the demand for power and distribution transformers in Australia.

Australia Power and Distribution Transformers Market

Segmental Coverage

Australia Power and Distribution Transformers Market – By Type

On the basis of type, Australia power and distribution transformers market is divided into Power Transformer and Distribution Transformer segments. The largest one in terms of market share and size is the power transformer segment. Power transformers play a crucial role in electrical power transmission and are typically used in high-voltage applications, such as power generation plants and substations. They are responsible for stepping up or stepping down the voltage levels to facilitate efficient power transfer. With Australia's growing demand for electricity and the expansion of its power infrastructure, the power transformer segment has emerged as the largest and most significant segment within the country's power and distribution transformers market.

Australia Power and Distribution Transformers Market – By Rating

On the basis of rating, Australia power and distribution transformers market is divided into 650 kVA, 651-2500 k, and Above 2500 kVA segments. The Above 2500 kVA segment is the largest contributor to the Australia power and distribution transformers market. This segment includes transformers with power capacities exceeding 2500 kilovolt-amperes. These high-capacity transformers are commonly used in large-scale industrial applications, power generation plants, and extensive electrical distribution networks. The "Above 2500 kVA" segment signifies the demand for robust power infrastructure in Australia to support industrial growth and meet the energy requirements of a progressively electrified society.

Australia Power and Distribution Transformers Market – By Cooling System

On the basis of cooling systems, Australia power and distribution transformers market is divided into Dry Type and Liquid Type segments. These segments represent the different types of transformers used in power distribution systems across Australia. Dry Type transformers are known for their compact size, safety, and maintenance-friendly features, making them suitable for indoor installations. On the other hand, Liquid Type transformers are typically larger and provide high capacity for heavy-duty applications, particularly in outdoor settings. Both segments contribute significantly to the efficient transmission and distribution of electrical power in Australia.

Australia Power and Distribution Transformers Market – By Application

On the basis of application, Australia power and distribution transformers market is divided into Power Utilities and Industrial. The largest one in terms of market size and scope is the Power Utilities segment. Power Utilities encompass companies and organizations involved in the generation, transmission, and distribution of electrical power to residential, commercial, and industrial consumers. This segment includes major power generation companies, electricity distributors, and grid operators. Given Australia's significant energy needs and extensive power infrastructure, the Power Utilities segment plays a crucial role in meeting the country's power demands, making it the largest segment in the Australia power and distribution transformers market.

Competitive Landscape

Major players in the Australia power and distribution transformers market include Wilson Transformer Company, Eaton Industries Pty Ltd, AEM Transformers, TMC Transformers, Power Partners, Ampcontrol, Delta Transformers, Tamini Transformers, Schneider Electric Australia, and Siemens Australia. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

By Type

• Power Transformer

• Distribution Transformer

 By Rating

• 650 kVA

• 651-2500 kVA

• Above 2500 kVA

 By Cooling System

• Dry Type

• Liquid Type

By Application

• • Power Utilities

  • Industrial

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Australia Power and Distribution Transformers Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increasing industrial power demand
         2. Growing electricity consumption in the rural areas
      2. Restraints
         1. High capital investment
         2. Aging infrastructure
      3. Opportunity
         1. Rise in industrialization
         2. Increased government initiatives for improved electrification processes
      4. Challenges
         1. Maintenance and replacement of aging infrastructure
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Australia Power and Distribution Transformers Market Overview
   1. Market Size & Forecast by Value & Volume, 2019-2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Power Transformer
         2. Distribution Transformer
      2.  By Rating
         1. 650 kVA
         2.  651-2500 kVA
         3. Above 2500 kVA
      3.  By Cooling System
         1. Dry Type     
         2. Liquid Type
      4. By Application
         1. Power Utilities
         2. Industrial
5.  Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Australia Power and Distribution Transformers Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on Australia Power and Distribution Transformers Market
7. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. Wilson Transformer Company
   2. Eaton Industries Pty Ltd
   3. AEM Transformers
   4. TMC Transformers
   5. Power Partners
   6. Ampcontrol
   7. Delta Transformers
   8. Tamini Transformers
   9. Schneider Electric Australia
   10. Siemens Australia
   11. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on the in-depth secondary for the final deliverable

List of Figures

Figure 1   Australia Power and Distribution Transformers Market Segmentation

Figure 2   Australia Power and Distribution Transformers Market Value Chain Analysis

Figure 3   Company Market Share Analysis, 2022

Figure 4   Australia Power and Distribution Transformers Market Size, By Value (USD Billion), 2019-2029

Figure 5   Australia Power and Distribution Transformers Market Share, By Type, By Value, 2019-2029

Figure 6   Australia Power and Distribution Transformers Market Share, By Rating, By Value, 2019-2029

Figure 7   Australia Power and Distribution Transformers Market Share, By Cooling System, By Value, 2019-2029

Figure 8   Australia Power and Distribution Transformers Market Share, By Application, By Value, 2019-2029

  List of Tables

Table 1      Australia Power and Distribution Transformers Market Size, By Type, By Value, 2019-2029

Table 2      Australia Power and Distribution Transformers Market Size, By Rating, By Value, 2019-2029

Table 3      Australia Power and Distribution Transformers Market Size, By Cooling System, By Value, 2019-2029

Table 4    Australia Power and Distribution Transformers Market Share, By Application, By Value, 2019-2029

Table 5    Wilson Transformer Company Company Overview

Table 6    Wilson Transformer Company Financial Overview

Table 7    Eaton Industries Pty Ltd Company Overview

Table 8    Eaton Industries Pty Ltd Financial Overview

Table 9    AEM Transformers Company Overview

Table 10  AEM Transformers Financial Overview

Table 11  TMC Transformers Company Overview

Table 12  TMC Transformers Financial Overview

Table 13  Power Partners Company Overview

Table 14  Power Partners Financial Overview

Table 15  Ampcontrol Company Overview

Table 16  Ampcontrol Financial Overview

Table 17  Delta Transformers Company Overview

Table 18  Delta Transformers Financial Overview

Table 19  Tamini Transformers Company Overview

Table 20  Tamini Transformers Financial Overview

Table 21  Schneider Electric Australia Company Overview

Table 22  Schneider Electric Australia Financial Overview

Table 23  Siemens Australia Company Overview

Table 24  Siemens Australia Financial Overview