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The tap changer is the key core component of the transformer, also known as the tap changing device of the transformer winding, that is, the tap changer is set at different parts of the transformer winding, and the number of turns of the transformer winding is changed by changing the position of the tap tap. voltage adjustment. At the same time, the tap changer is the only load-operating component in the transformer composition.
OLTC refers to a voltage regulating device suitable for operating under transformer excitation or load and used to change the tap connection position of transformer windings.
Market Share
The Global On-load Tap Changer (OLTC) Market Size was estimated at USD 572.48 million in 2023 and is projected to reach USD 789.35 million by 2029, exhibiting a CAGR of 5.50% during the forecast period.
The USA market for Global On-load Tap Changer (OLTC) Market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
Key Company
•Maschinenfabrik Reinhausen
•Huaming Power Equipment
•Hitachi Energy (ABB)
•Elprom Heavy Industries
•CTR Manufacturing Industries
•Easun MR (EMR)
•Shandong Taikai Transformer
•On Load Gears
Market Segmentation
• Vacuum OLTC
• Conventional OLTC
By Application
• Electric Power Industry
• Renewable (Solar, Wind)
• HVDC
• Network
• Furnace
• Electrolysis
• Generator
Geographic Segmentation
•North America: USA, Canada, Mexico
•Europe: Germany, UK, France, Russia, Italy, Rest of Europe
•Asia-Pacific: China, Japan, South Korea, India, SoutheastAsia, Rest ofAsia-Pacific
•South America: Brazil, Argentina, Colombia, Rest of SouthAmerica
•Middle East and Africa: Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA
