Press release
On-load Tap Changer (OLTC) Market Set to Surge - Key Insights You Must Know
On-load Tap Changer (OLTC) Market SizeThe global market for On-load Tap Changer (OLTC) was valued at US$ 735 million in the year 2024 and is projected to reach a revised size of US$ 918 million by 2031, growing at a CAGR of 3.3% during the forecast period.
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Global key players of On-load Tap Changer (OLTC) include Maschinenfabrik Reinhausen (MR), Huaming Power Equipment, Hitachi Energy (ABB), Elprom Heavy Industries, CTR Manufacturing Industries, etc. The top five players hold a share about 82%. Asia-Pacific is the largest market, and has a share about 51%, followed by North Americas and Europe with share 24% and 19%, separately. Vacuum OLTC is the largest segment, occupied for a share of about 57%, and in terms of application, Electric Power Industry has a share about 37 percent.
By Type
• Vacuum OLTC
• Conventional OLTC
By Application
• Electric Power Industry
• Renewable (Solar, Wind)
• HVDC
• Network
• Furnace
• Electrolysis
• Generator
Key Companies
Maschinenfabrik Reinhausen (MR), Huaming Power Equipment, Hitachi Energy (ABB), Elprom Heavy Industries, CTR Manufacturing Industries, Easun MR (EMR), Shandong Taikai Transformer, On Load Gears, Zhejiang Tenglong Electrical Apparatus, Liaoning Jinli Electric Power Electrical Appliance, China XD Group, Krishna Power Industries
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