On-load tap changer (OLTC), also known as On-circuit tap changer (OCTC), is a tap changer in applications where a supply interruption during a tap change is unacceptable, the transformer is often fitted with a more expensive and complex on load tap changing mechanism. On load tap changers may be generally classified as either mechanical, electronically assisted, or fully electronic.
Market Analysis and Insights: Global On-load Tap Changer (OLTC) Market
Due to the COVID-19 pandemic, the global On-load Tap Changer (OLTC) market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Vacuum OLTC accounting for % of the On-load Tap Changer (OLTC) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Electric Power Industry segment is altered to an % CAGR throughout this forecast period.
North America On-load Tap Changer (OLTC) market is estimated at US$ million in 2021, while Europe is forecast to reach US$ million by 2028. The proportion of the North America is % in 2021, while Europe percentage is %, and it is predicted that Europe share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of On-load Tap Changer (OLTC) include Maschinenfabrik Reinhausen GmbH, Hitachi Energy, SEI Electric LLC, Elprom Heavy Industries, Huaming Power Equipment, Shandong Taikai Transformer Co., Ltd, Liaoning Jinli Electric Power Electrical Appliance Co., Ltd, Zhejiang Tenglong Electrical Apparatus Co., Ltd. and Krishna Power, etc. In terms of revenue, the global 3 largest players have a % market share of On-load Tap Changer (OLTC) in 2021.
Global On-load Tap Changer (OLTC) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global On-load Tap Changer (OLTC) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Vacuum OLTC
Oil-immersed OLTC
Segment by Application
Electric Power Industry
Solar & Wind
HVDC
Others
By Company
Maschinenfabrik Reinhausen GmbH
Hitachi Energy
SEI Electric LLC
Elprom Heavy Industries
Huaming Power Equipment
Shandong Taikai Transformer Co., Ltd
Liaoning Jinli Electric Power Electrical Appliance Co., Ltd
Zhejiang Tenglong Electrical Apparatus Co., Ltd.
Krishna Power
CTR Manufacturing Industries
On Load Gears
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina