Asia Pacific Cast Resin Transformer Market Size - By Winding, By Rating, By Application Analysis, Share, Growth Forecast 2025 – 2034

Asia Pacific Cast Resin Transformer Market Size

Asia Pacific cast resin transformer Market size was valued at USD 1 billion in 2024 and is predicted to witness a CAGR of 8.2% from 2025 to 2034. The market is experiencing significant growth, fuelled by rapid industrialization, urbanization, and increased demand for energy-efficient solutions. Cast resin transformers, known for their safety, environmental benefits, and reliability, are becoming a preferred choice for power distribution systems across the region. With countries like China, India, and Southeast Asian nations investing heavily in energy infrastructure, the market for these transformers will expand significantly.
 

One of the key drivers of the cast resin transformer market in APAC is the region’s growing focus on renewable energy sources such as wind, solar, and hydroelectric power. As the APAC region continues to increase its renewable energy capacity, there is a corresponding need for reliable transformers that can efficiently handle fluctuating loads and integrate renewable energy into the grid. Cast resin transformers, with their enhanced efficiency and ability to operate in demanding conditions, are ideal for such applications. Their durability and performance in renewable energy settings make them a critical component of the region's energy transition.
 

Asia Pacific Cast Resin Transformer Market Trends

Urbanization across APAC is another major trend contributing to the growth of the cast resin transformer market. As cities expand rapidly and industrial zones increase, the demand for reliable and compact electrical infrastructure rises. Cast resin transformers, which are safer and more compact than oil-filled transformers, are particularly suited for urban environments where space is limited, and safety concerns are paramount. Their ability to operate with minimal maintenance and their non-flammable nature make them a preferred choice for densely populated areas, where reducing the risk of electrical fires and enhancing grid reliability is critical.
 

Asia Pacific Cast Resin Transformer Market Analysis

The market is categorized by winding into two winding and auto transformer. The two winding segment is anticipated to surpass USD 1.1 billion by 2034. The APAC two-winding cast resin transformer is poised for steady growth due to factors such as increasing energy efficiency needs, the rise of renewable energy, rapid urbanization, and stringent safety and environmental regulations.
 

As APAC countries continue to modernize their power infrastructure and integrate renewable energy sources, the demand for safe, efficient, and compact transformers like the two-winding cast resin transformers is estimated to rise. These transformers are well-suited to meet the region’s growing energy needs while ensuring grid stability and safety in urban and industrial environments.
 

The Asia Pacific cast resin transformer market is segmented by application into industries, inner-city substations, indoor/underground substations, renewable generations and others. The industries segment is projected to experience a CAGR of over 7% through 2034. The APAC cast resin transformer industry for industrial applications is experiencing robust growth, driven by factors such as rapid industrialization, increased demand for energy-efficient solutions, and the need for reliable power distribution systems.
 

Cast resin transformers are favoured in industrial sectors due to their safety, compact design, and ability to handle high loads with minimal maintenance. As industries continue to evolve and adapt to modern power demands, cast resin transformers will register increase in growth during the forecast period.
 

China cast resin transformer market is envisioned to surpass USD 920 million by 2034. The Asia Pacific cast resin transformer market in China is experiencing significant growth, driven by the country’s robust industrial expansion, urbanization, and increasing energy demand. China is one of the largest markets for transformers in the APAC region, with cast resin transformers gaining popularity due to their safety, efficiency, and environmental benefits. As China continues to modernize its energy infrastructure, integrate renewable energy sources, and improve energy efficiency, the demand for cast resin transformers, especially for industrial, commercial, and utility applications, is slated to rise.
 

Asia Pacific Cast Resin Transformer Market Share

ABB holds a significant presence in the Asia Pacific cast resin transformer industry, offering a wide range of electrical equipment, including both standard and customized designs. Leveraging its strong position in the electrical industry, ABB delivers specialized bushing solutions designed to cater to a variety of application requirements.
 

Asia Pacific Cast Resin Transformer Market Companies

Some of the key market players operating across the Asia Pacific cast resin transformer industry are:

• ABB
• Bharat Heavy Electricals
• CG Power
• Eaton
• Fuji Electric
• GE
• Hitachi Energy
• Raychem RPG
• Schneider Electric
• SGB SMIT
• Siemens Energy
• Toshiba Energy Systems
• Urja Techniques
• WEG
   

Asia Pacific Cast Resin Transformer Industry News:

• In February 2024, ABB has acquired SEAM Group, a prominent provider of asset management and advisory services. This acquisition aims to integrate advanced asset management capabilities into ABB's offerings. Additionally, ABB is focusing on incorporating digital technologies, such as IoT sensors, to enable predictive maintenance. These advancements are poised to extend the lifespan of transformers and help meet the growing demands of a modernized, increasingly electrified world.
   

Asia Pacific cast resin transformer market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume & revenue in ‘000 Units & USD Million from 2021 to 2034, for the following segments:

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Market, By Winding

• Two Winding
• Auto Transformer

Market, By Rating

• ≤ 5 MVA
• > 5 MVA to ≤ 30 MVA
• > 30 MVA

Market, By Application

• Industries
• Inner-City Substations
• Indoor/Underground Substations
• Renewable Generation
• Others

The above information has been provided for the following countries:

• China
• Japan
• South Korea
• India
• Australia