Global Tap Changer Market Growth 2025-2031

The global Tap Changer market size is predicted to grow from US$ 898 million in 2025 to US$ 1252 million in 2031; it is expected to grow at a CAGR of 5.7% from 2025 to 2031.

The tap changer is used for the tap change and connection of coil equipment. It is divided into off-excitation tap-changer and on-load tap-changer. The power transformer has ±5% taps, and the tap connection is changed by a tap changer to change the number of turns of the high voltage coil, thereby regulating the output voltage of the transformer.

The tap changer is a device that connects and switches the tap taps of the transformer, and is also an important component of the transformer. Mainly divided into on-load tap-changer (OLTC) and off-excitation tap-changer (OCTC). The leading global tap-changer companies are Maschinenfabrik Reinhausen (MR), Huaming Power Equipment and Hitachi Energy (ABB). The market share of the top three companies exceeds 40%.

LP Information, Inc. (LPI) ' newest research report, the “Tap Changer Industry Forecast” looks at past sales and reviews total world Tap Changer sales in 2024, providing a comprehensive analysis by region and market sector of projected Tap Changer sales for 2025 through 2031. With Tap Changer sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tap Changer industry.

This Insight Report provides a comprehensive analysis of the global Tap Changer landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Tap Changer portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Tap Changer market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Tap Changer and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Tap Changer.

This report presents a comprehensive overview, market shares, and growth opportunities of Tap Changer market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
OLTC
DETC/NLTC/OCTC

Segmentation by Application:
Electric Power Industry
Renewable (Solar, Wind)
HVDC
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Reinhausen
Hitachi Energy
Elprom Heavy Industries
Huaming Power Equipment
Shandong Taikai Transformer
Liaoning Jinli Electric Power
Zhejiang Tenglong Electrical
Krishna Power
CTR Manufacturing Industries
On Load Gears
Wuhan Taipu Transformer Changer
Quality Switch
Albert Maier GmbH
Xi'an Xibian Components
Shandong Yijin Electric
Henan Senyuan Electric
Hebei Wuqiang Weite Electrical

Key Questions Addressed in this Report

What is the 10-year outlook for the global Tap Changer market?

What factors are driving Tap Changer market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Tap Changer market opportunities vary by end market size?

How does Tap Changer break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.