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.
China On-load Tap Changer (OLTC) market size is valued at US$ million in 2021, while the US and Europe On-load Tap Changer (OLTC) are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe On-load Tap Changer (OLTC) landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period 2022-2028.
The global key 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 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the On-load Tap Changer (OLTC) capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of On-load Tap Changer (OLTC) by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global On-load Tap Changer (OLTC) Scope and Segment
On-load Tap Changer (OLTC) market is segmented by Type and by Application. Players, stakeholders, and other participants in the global On-load Tap Changer (OLTC) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
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
Middle East & Africa
Turkey
Saudi Arabia
U.A.E