The global On-load Tap Changer (OLTC) market size is projected to reach USD 698 million by 2029

On-load Tap Changer (OLTC) Market Summary

The tap changer is one of the important components of the transformer. It means setting tap taps at different parts of the transformer winding, changing the position of the tap, and changing the number of turns of the transformer winding. This achieves the voltage regulation effect of voltage fluctuations caused by load changes and stabilizes the grid voltage.

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.

In the power grid system, the on-load voltage regulating switch (OLTC) can be used to adjust the voltage without interrupting the power supply, control the direction of the flow, realize long-distance power transmission across regions, and at the same time adjust the area caused by the change of the power supply voltage load to stabilize the voltage and improve Power Quality. In addition to the power grid system, transformers with high energy consumption levels, large voltage load changes, and frequent starts and stops of power equipment also need to be equipped with on-load tap-changers to improve and stabilize power quality.

According to the new market research report "Global On-load Tap Changer (OLTC) Market Report 2023-2029", published by GIResearch, the global On-load Tap Changer (OLTC) market size is projected to reach USD 698 million by 2029, at a CAGR of 3.2% during the forecast period.

• Global On-load Tap Changer (OLTC) MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global On-load Tap Changer (OLTC) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030”(OLTC) Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact GIResearch.

• Global On-load Tap Changer (OLTC) Top12Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

Source: GlobalInfoResearch, “Global On-load Tap Changer (OLTC) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030”(OLTC) Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact GIResearch.

According to GIResearch Top Players Research Center, the global key manufacturers of On-load Tap Changer (OLTC) include Maschinenfabrik Reinhausen (MR), Huaming Power Equipment, Hitachi Energy (ABB), Elprom Heavy Industries, CTR Manufacturing Industries, Easun MR (EMR), etc. In 2022, the global top 10 players had a share approximately 91.0% in terms of revenue.

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