The main function of transformers is to convert one voltage level to another, while providing safe and efficient power transmission across electrical systems. Besides the power transmission and distribution transformers commonly used, there are also transformers designed for voltage and current measurement or protection, including instrument voltage transformers and current transformers.
Compared with liquid-filled transformers, dry-type transformers are generally safer and more environmentally friendly, have a longer lifespan, and are suitable for indoor or confined spaces.
Upstream sectors supply essential materials like insulation (e.g., epoxy resin, silicon steel), conductors (e.g., copper, aluminum), core structure materials, and electronic components (e.g., temperature monitoring devices, cooling fans). The midstream phase includes the design, manufacturing, and assembly of the dry-type transformers. Downstream sectors cover the power industry, construction, transportation, and various manufacturing industries.
The global dry-type transformer market has strong growth potential, driven primarily by urbanization, grid modernization, renewable energy development, and increased power demand. According to the publisher, major global producers and exporters of dry-type transformers include Siemens, ABB, Schneider Electric, Eaton, and TBEA.
Vietnam's dry-type transformer demand mainly comes from urbanization, power infrastructure expansion, and industrialization. According to the publisher, in recent years, the Vietnamese government has launched multiple power plant projects to enhance the domestic power grid, promoting the growth of the dry-type transformer market. Based on the approved 2023 Eighth Power Development Plan, Vietnam plans to double the current installed capacity of its power sector by 2030.
Due to limited domestic transformer manufacturing capabilities, Vietnam can only produce some basic low-voltage or medium-voltage dry-type transformers. However, its capacity and technology for producing medium- and high-end dry-type transformers remain limited. Consequently, Vietnam's dry-type transformer market is heavily reliant on imported products.
According to the publisher's data, in 2023, Vietnam imported dry-type transformers worth approximately USD 300 million. From January to July 2024, Vietnam's dry-type transformer imports totaled nearly USD 200 million, marking about a 13% increase over the same period in 2023.
The publisher analyzes that Vietnam's major import sources for dry-type transformers from 2021 to 2024 include China, Hong Kong, and South Korea. Key suppliers to the Vietnamese market include Cloud Network Technology Singapore PTE. LTD, Transon CO., LTD., and Dongguan Sunstrong Electric Machine LTD. Vietnam's main importers in the dry-type transformer industry are companies associated with power generation, manufacturing, distribution, and other industrial sectors. Many are foreign enterprises. According to analysis, primary companies in this market in Vietnam include Fuyu Precision Component CO., LTD, Solum Vina CO., LTD, and Dongyang E&P Vina CO., LTD.
Overall, with Vietnam's economic development, rising income levels, and accelerated industrialization and urbanization, the publisher expects continued growth in Vietnam's dry-type transformer market. Due to limited domestic production capacity, the country's demand for imported dry-type transformers is likely to continue growing in the coming years.
Topics covered:
- The Import and Export of Dry-type Transformer in Vietnam (2021-2024)
- Total Import Volume and Percentage Change of Dry-type Transformer in Vietnam (2021-2024)
- Total Import Value and Percentage Change of Dry-type Transformer in Vietnam (2021-2024)
- Total Import Volume and Percentage Change of Dry-type Transformer in Vietnam (2024)
- Total Import Value and Percentage Change of Dry-type Transformer in Vietnam (2024)
- Average Import Price of Dry-type Transformer in Vietnam (2021-2024)
- Top 10 Sources of Dry-type Transformer Imports in Vietnam and Their Supply Volume
- Top 10 Suppliers in the Import Market of Dry-type Transformer in Vietnam and Their Supply Volume
- Top 10 Importers of Dry-type Transformer in Vietnam and Their Import Volume
- How to Find Distributors and End Users of Dry-type Transformer in Vietnam
- How Foreign Enterprises Enter the Dry-type Transformer Market of Vietnam
- Forecast for the Import of Dry-type Transformer in Vietnam (2024-2033)
Table of Contents
Companies Mentioned
- CLOUD NETWORK TECHNOLOGY SINGAPORE PTE. LTD
- TRANSON CO. LTD.
- DONGGUAN SUNSTRONG ELECTRIC MACHINE LTD.
- FUYU PRECISION COMPONENT CO. LTD
- SOLUM VINA CO. LTD
- DONGYANG E&P VINA CO. LTD.
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | November 2024 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 340 Million |
| Forecasted Market Value ( USD | $ 814.92 Million |
| Compound Annual Growth Rate | 10.2% |
| Regions Covered | Vietnam |
| No. of Companies Mentioned | 6 |
