Egypt Power Transformers Market

Egypt Power Transformers Market Overview

The power transformer refers to a type of transformer that is generally used to transfer electrical energy in any part of the electrical circuit between the distribution circuits and the generator. They are often used in the distribution systems to interface step up and step down voltages. The power transformers can be classified into three types on the ranges: small power transformers, medium power transformers, and large power transformers. The range of the small power transformer can be from 500 to 7500Kva, while the range of the medium power transformer can be form -100MVA. The large power transformers have a range from 100MVA & above.

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Major Egypt Power Transformers Market Drivers

The Egypt power transformer market is becoming more mainstream thanks to the increasing need for infrastructure such as substations and power lines, along with the growing integration of renewables to the grid. Moreover, the growing regulatory focus on accelerating the adoption of sustainable energy sources to decrease carbon emission is further surging the growth of the market in the coming years. The power transformer offers numerous exceptional features such as easy transportation, short circuit reliability, and compact design. All these benefits, followed by the rising applicability of power transformers, particularly in harsh operating conditions, are some other factors that are boosting the market’s demand.

With the increasing population of Egypt, there has been an increase in the need to supply power in order to maintain the growth of the country. People of Egypt are facing frequent power cuts, which is motivating the government to take a flurry of efforts to fast-track the construction of the power lines and power plants. This factor will support the growing demand for power transformers in the country. The Egyptian government is planning to accelerate energy efficiency, reform the electricity and oil & natural gas markets. The diversification of the energy mix in the electricity sector emphasizes on decreasing the consumption of fossil fuels. Thus, the rising focus on increasing expanding the production of electricity is one of the major factors that will further energize the demand for power transformers in Egypt. On the other hand, the fluctuations in the raw material supply and costs is a significant factor that is likely to hamper the growth of the market.

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Based on the Rating, the medium power transformers segment is expected to grow at a higher CAGR during the forecast period. The medium power transformer offers various exceptional advantages such as it is compact in size and lower installation cost, which is the main reason for its increased adoption in electric power, healthcare, and oil & gas sector. In addition to this, the rising deployment of this type of power transformer at generating stations and electrical substations, especially for converting electrical power to high voltages for transmission, will further support the segment growth.

Based on the Cooling Type, the air-cooled power transformer segment is anticipated to dominate the market in the next six years. This type of transformer is gaining appreciable market penetration subject to their safe & reliable operation and flexible product applications. Furthermore, the increasing need to avoid combustibility and conduct environment friendly operations is further encouraging the end-users to opt for air-cooled power transformers. They allow complete integration of substation equipment with resultant space and helps in saving cost.

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Key Developments:

• • In 2019, Siemens entered into an agreement with the Egyptian Electricity Transmission Company (EETC), with an aim to supply the country’s first digital power transformers. Under this agreement, Siemens supplied 14 sensformers, which included engineering, design, fabrication, supervision of the erection of power transformers, site management, testing along with the commissioning services on a turnkey basis.

The Egypt power transformers market has been segmented on the basis of rating and cooling method. Based on rating, the market is segmented small power transformer, medium power transformer, large power transformer. Based on cooling method, the market is segmented into oil-cooled and air-cooled.

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Market Segmentation

Egypt Power Transformers Market by Rating

• • Small Power Transformer (Up to 60MVA)
  • Medium Power Transformer (61 – 600MVA)
  • Large Power Transformer (Above 600MVA)

Egypt Power Transformers Market by Cooling Method

• • Oil-Cooled
  • Air-Cooled