일본의 변류기 시장 규모는 2025-2032년의 예측 기간 중 5.64%의 CAGR로 확대하며, 2024년 3억 320만 달러에서 2032년에는 4억 7,010만 달러로 성장할 것으로 예측됩니다. 에너지 효율, 재생에너지 통합, 전력 인프라 현대화에 대한 관심이 높아지면서 최근 수년간 시장은 괄목할 만한 성장을 이루었습니다. 이러한 요인으로 인해 향후 수년간 시장 확대 속도는 꾸준히 유지될 것으로 예상됩니다. 변류기는 분산형 에너지 시스템에서 생산된 전력을 모니터링하고 관리하는 데 중요한 역할을 합니다.
일본은 재생 에너지에 대한 강한 의지를 보이고 있으며, 이산화탄소 배출량을 줄이기 위해 지속가능성을 우선시하고 있습니다. 일본은 재생 에너지 시스템과 배전망의 광범위한 확장을 통해 전력망을 적극적으로 개선하고 강화하고 있습니다. 변류기는 안정적인 전력 공급을 유지하면서 이러한 시스템을 전력망에 효율적으로 통합할 수 있게 해주며, 이는 시장에서 수요를 더욱 증가시키고 있습니다.
일본의 제조업, 상업 및 주거 부문에서 안정적인 전력 공급 및 계측 장비에 대한 수요가 증가하면서 변류기 수요를 주도하고 있습니다. 또한 안정적인 전력 공급을 보장하기 위해 농촌 지역의 전기화 및 마이크로그리드 도입에 대한 일본의 노력은 유틸리티 부문에서 이러한 장비에 대한 수요를 더욱 증가시키고 있습니다. 정부도 전력 및 산업 부문의 확장을 적극적으로 지원하고 있으며, 이는 일본 전역의 변류기 시장 규모 확대에 기여하고 있습니다.
예를 들어 2024년 12월 일본은 2040년까지 전력 구성의 40-50%를 재생에너지로 충당하는 것을 목표로 하고 있으며, 이는 2023년의 점유율을 두 배로 늘리는 것입니다. 재생에너지 비중을 확대하기 위해 일본은 태양광, 풍력, 바이오매스 에너지 시장에 많은 투자를 하고 있습니다. 이러한 재생에너지로의 전환은 2040년까지 에너지의 40-50%를 재생에너지로 조달하겠다는 일본 정부의 목표에 부합하는 것으로, 강력한 송전망 인프라의 필요성을 강조하고 있습니다. 현재 변압기는 분산형 재생에너지 시스템을 효율적으로 계통에 통합하여 안정적인 전력 공급을 유지하는 데 필수적이기 때문에 이러한 전환에 중요한 역할을 할 것으로 보입니다. 따라서 재생에너지의 채택이 확대됨에 따라 향후 수년간 변류기에 대한 수요가 크게 증가할 것으로 예상됩니다.
일본의 변류기 시장에 대해 조사했으며, 시장의 개요와 제품 유형별, 용도별, 최종사용자별, 지역별 동향 및 시장에 참여하는 기업의 개요 등을 제공하고 있습니다.
Japan current transformers market is projected to witness a CAGR of 5.64% during the forecast period FY2025- FY2032F, growing from USD 303.20 million in FY2024 to USD 470.10 million in FY2032. The market has experienced significant growth in recent years due to the rising focus on energy efficiency, renewable energy integration, and modernization of power infrastructure. These factors are expected to maintain a strong pace of market expansion in the coming years. Current transformers play a crucial role in monitoring and managing power generated by decentralized energy systems.
Japan has shown a strong inclination toward renewable energy sources and prioritizes sustainability to reduce its carbon footprint. The country is actively improving and strengthening its power grid through extensive expansion of renewable energy systems and distribution networks. Current transformers ensure the efficient integration of these systems into the grid while maintaining stable power flow, which further drives their demand in the market.
The increasing demand for reliable power supply and metering equipment in Japan's manufacturing, commercial, and residential sectors drives the demand for current transformers. Additionally, the country's efforts to electrify rural areas and implement microgrids to ensure stable power supplies further boost demand for these devices in the utility sector. The government is also actively supporting the expansion of the power and industrial sectors, which in turn contributes to the growth of the current transformer market size nationwide.
For instance, in December 2024, Japan aims for renewables energy to supply 40-50% of its electricity mix by 2040, doubling the 2023 share. To increase its renewable energy share, Japan is investing heavily in solar, wind, and biomass energy markets. This shift toward renewables, aligned with the government's goal of sourcing 40-50% of its energy from renewables by 2040, underscores the need for robust grid infrastructure. Current transformers will play a critical role in this transition, as they are essential for maintaining stable electricity supply by efficiently integrating decentralized renewable energy systems into the grid. Consequently, the growing adoption of renewables is expected to drive significant demand for current transformers in the coming years.
Upgradation of Power Infrastructure Accelerating the Market Growth
The growing manufacturing sector in the country is driving the demand for stable electricity. To accommodate the increasing electricity demand, modernized electrical infrastructure with innovative equipment is being installed in the country. The modernized and smart grid solutions are equipped with advanced protection and metering equipment, which in turn drive the demand for current transformers in the market. Modernization involves adopting digital technologies to build a next-generation power network. Introducing next-generation digital technologies necessitates grid upgrades, which further drive the demand for current transformers. Additionally, the country is adopting modernized technologies to increase the share of renewable energy in its power generation mix. Current transformers are essential for managing variability during renewable energy consumption and ensuring stable operation, which fosters their demand in the market.
For instance, in 2022, the Japanese government started working with the IEC standards such as the Smart Energy Grid Architecture Model (SGAM) for grid stability in the country. This initiative highlights the growing investment in smart grid technology and grid modernization efforts, which are driving increased demand for current transformers in the market.
Rising investment in power transmission and distribution (T&D) networks to integrate large-scale renewables while maintaining grid stability and resilience boosts the demand for current transformers in the market. Furthermore, industrial and manufacturing sectors are looking to modernize the in-house electrical infrastructure to improve the power management between different operations. The push towards smart manufacturing involves the adoption of advanced equipment that requires real-time monitoring and metering hence driving the demand for current transformers in the application.
Government Initiatives and Support in Renewable Transition Act as a Market Opportunity
The government and higher authorities are implementing initiatives and plans aimed at increasing the power supply in the country. The Japanese government has set ambitious targets to increase the share of renewable energy in the energy mix. Enhanced transmission systems are necessary for integrating renewable energy sources into the same electric grid. Current transformers play a crucial role in renewable infrastructure power projects by facilitating efficient power distribution and management. The transition to renewable energy sources presents opportunities for the growth of current transformers in the coming years.
The government is focusing on the production and transmission of renewable energy, which is expected to boost current transformers market trends in the coming years. Furthermore, the Japanese government is promoting the adoption of smart grid technologies in industrial sectors to enhance operations. Current transformers are integral to smart grids, providing real-time metering data for power requirements in different operations. The monitoring and control capabilities of the enhanced grid demonstrate the reliability and performance of operations, thereby driving demand for current transformers in the market.
In February 2024, the Japanese Government is pushing for various regulation changes to achieve the targets set related net zero emission. The Japanese Government envisions investments of over USD 996 billion over the next decade in the energy sector. The government introduced the Green Transformation (GX) Act and Hydrogen Basic Strategy, along with the implementation of carbon pricing for electric utilities by 2028. The investments will likely enhance the demand for energy distribution devices, such as current transformers for managing new energy systems and improving energy efficiency, which drive its demand in the market.
Indoor Current Transformers to Dominate the Japan Market
Indoor current transformers are experiencing a high adoption rate during the forecast period, which has enabled the segment to dominate the Japanese market. Indoor current transformers are commonly used in electrical systems within commercial and industrial facilities. The rising need for energy management solutions and metering devices in commercial sectors, such as retail spaces and office buildings, drives the demand for indoor current transformers. Furthermore, the rising focus on grid modernization and digitalization drives the demand for compact and efficient current transformers. Indoor current transformers are highly efficient and can be easily integrated into existing infrastructure, driving their market demand.
Central Region Dominate the Japanese Market
The central region has dominated the current transformer market in Japan and is expected to continue doing so during the forecast period. The region aims to diversify its energy mix with a high emphasis on renewable power as a sustainable solution. The emphasis by higher authorities on integrating renewable energy sources into the electric grid creates opportunities for the current transformer market. Moreover, the region's high inclination towards adopting innovative technologies to enhance power management and automate production processes in industrial applications drives the demand for current transformers in the market. Furthermore, significant investment in industrial activities drives the demand for efficient current transformers to supply electricity to factories, industrial zones, and production facilities. Companies are investing in production expansions to fulfill the rising demand for transformers from the industrial sector.
For instance, Tokyo Electric Power Co. Holdings (TEPCO) decided to invest around USD 3.2 billion to drive the expansion of power infrastructure to meet rising electricity consumption. The central region of Japan including major cities like Tokyo and Osaka dominates the market due to its high population density and significant industrial activity related to data centers and semiconductor manufacturing. By 2030, 18 new substations will be constructed nationwide by TEPCO, with a focus on the Tokyo area. This development highlights the demand for the current transformer will rise in the region in the coming years.
Future Market Scenario (FY2025 - FY2032F)
Japan aims to increase the share of renewable energy into the energy mix by 2030. With the rising integration of renewable energy sources in the grid is driving demand for current transformers in coming years.
The development of smart grid technologies is a crucial aspect of Japan's energy strategy. This shift towards smart grids will necessitate greater investment in efficient current transformers.
The rise in industrial automation across various sectors, including manufacturing and automotive, is driving demand for current transformers in the country.
Japan is working to improve its power grid and investing in the power transmission and distribution sector which contributes to the rise in demand for current transformers in the Japanese country.
Continuous research and development (R&D) in current transformers technology will bring improvements in panel efficiency and durability which will drive the demand for current transformers in the forecasted period.
Key Players Landscape and Outlook
Companies are enhancing current transformer devices with unique features to maintain a competitive edge in the market. The devices are integrating digital monitoring for real-time data, designing for smart grid compatibility to enable intelligent load management, and creating energy-efficient designs to minimize losses while transmission of energy. Companies are providing customization options, communication capabilities, and integration with digital systems for the industrial sector which is driving the company market share in the current transformer industry. Companies are evolving innovations in current transformers to enhance grid resilience and ensure compliance with evolving standards. Product launches, agreements, business expansions, collaborations, and emerging technologies are expected to intensify competition in this fast-paced market.
For instance, in June 2024, Hitachi Energy Ltd. will be investing an additional USD 4.5 billion in manufacturing, engineering, digital, R&D and partnerships by 2027. In April of 2024, Company already invested USD 1.5 billion to ramp up global transformer production. This development highlights that company is investing in the market to increase the production and market presence.
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.