Market Overview:
The global load tap changer (LTC) filtering system market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for power and transmission & distribution (T&D) infrastructure across the globe. Additionally, the growing awareness about energy conservation is also propelling the growth of this market. The online LTC filtering system segment is projected to grow at a higher CAGR than the offline LTC filtering system segment during the forecast period. This can be attributed to factors such as easy installation and commissioning, low maintenance cost, and remote monitoring capabilities offered by online LTC filters. Asia Pacific is expected to be one of fastest-growing regions in terms of revenue during the forecast period owing to rapid industrialization and urbanization in countries such as China and India.
 Filtering System Industry Outlook.svg)
Product Definition:
A load tap changer (LTC) filtering system is a device that is used to clean the oil in a LTC. The importance of this system is that it helps to keep the oil in the LTC clean, which can help to extend the life of the unit.
Online:
Online is a technique of filtering where the data is stored in a computer memory for later retrieval. Online filters are used to reduce the effect of noise and interference from unwanted sources that may adversely affect the performance of an electronic device. In addition, online filters can be used to enhance the performance by reducing power consumption levels and increasing signal strength.
Offline:
Offline is a data structure that stores the information in non-volatile memory such as a flash drive, hard disk drive or an SD card. The data can be accessed even if the power to the device is cut off. In LTC systems, offline data is used for various applications such as load tap changer (LTC) filtration system and voltage regulation application among others.
Application Insights:
The power transformer application segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The rising demand for load tap changers with higher efficiency and reliability is expected to drive the product demand in this application segment.
Transmission & distributor transformer applications are also anticipated to witness significant growth over the forecast period owing to increasing adoption of LTCs in power distribution networks, which require high stability, safety, and reliability. Moreover, growing electricity costs coupled with efforts toward reducing carbon emissions from coal-fired power plants has driven manufacturers toward developing energy-efficient products such as LTCs for use across transmission & distributor transformers applications globally.
Other applications include oil & gas transformers stations; chemical processing equipment; pulp & paper machines; water treatment facilities etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for electricity in emerging economies, such as China and India. In 2016, Asia Pacific accounted for 24% of global power transformer manufacturing capacity and this trend is expected to continue over the next eight years. Moreover, rising investments in renewable energy generation are anticipated to drive tap changer filters’ demand further.
North America held a significant share of global load tap changer filtering system market owing its presence in key markets including U S A & Canada Besides this region being home for major manufacturers such as General Electric; Siemens; Alstom Grid Ltd.; Allworx Inc.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization
- Rapid expansion of renewable energy sources such as solar and wind power
- Stringent government regulations on emissions and pollution control
- Growing concerns over grid security and resilience in the face of cyberattacks or natural disasters
- Advances in smart grid technologies that enable more efficient load management
Scope Of The Report
Report Attributes
Report Details
Report Title
Load Tap Changer (LTC) Filtering System Market Research Report
By Type
Online, Offline
By Application
Power Transformer, Transmission & Distributor Transformer, Others
By Companies
ABB, Parker Hannifin Corp (Velcon), Filmax, LLC, Hilliard, Fischer-Robertson, Inc, Multiline Technical Co., Saftec Ghana Ltd, AMS Filtration, SDMyers, SPX Transformer Solutions Inc, ABB, Harvard, Clark-Reliance Corporation, Fluidix Inc, Jinli Electric Power Electrical Appliance, Kaiqian Oil Filter
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Load Tap Changer (LTC) Filtering System Market Report Segments:
The global Load Tap Changer (LTC) Filtering System market is segmented on the basis of:
Types
Online, Offline
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Transformer, Transmission & Distributor Transformer, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Parker Hannifin Corp (Velcon)
- Filmax, LLC
- Hilliard
- Fischer-Robertson, Inc
- Multiline Technical Co.
- Saftec Ghana Ltd
- AMS Filtration
- SDMyers
- SPX Transformer Solutions Inc
- ABB
- Harvard
- Clark-Reliance Corporation
- Fluidix Inc
- Jinli Electric Power Electrical Appliance
- Kaiqian Oil Filter
 Filtering System Market Overview.svg)
Highlights of The Load Tap Changer (LTC) Filtering System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Online
- Offline
- By Application:
- Power Transformer
- Transmission & Distributor Transformer
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Load Tap Changer (LTC) Filtering System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Filtering System Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Load Tap Changer (LTC) Filtering System is a type of air conditioning system that uses filters to remove particles and gases from the air. This system can be used in commercial or residential settings.
Some of the key players operating in the load tap changer (ltc) filtering system market are ABB, Parker Hannifin Corp (Velcon), Filmax, LLC, Hilliard, Fischer-Robertson, Inc, Multiline Technical Co., Saftec Ghana Ltd, AMS Filtration, SDMyers, SPX Transformer Solutions Inc, ABB, Harvard, Clark-Reliance Corporation, Fluidix Inc, Jinli Electric Power Electrical Appliance, Kaiqian Oil Filter.
The load tap changer (ltc) filtering system market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Load Tap Changer (LTC) Filtering System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Load Tap Changer (LTC) Filtering System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Load Tap Changer (LTC) Filtering System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Load Tap Changer (LTC) Filtering System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Load Tap Changer (LTC) Filtering System Market Size & Forecast, 2018-2028
4.5.1 Load Tap Changer (LTC) Filtering System Market Size and Y-o-Y Growth
4.5.2 Load Tap Changer (LTC) Filtering System Market Absolute $ Opportunity
Chapter 5 Global Load Tap Changer (LTC) Filtering System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Load Tap Changer (LTC) Filtering System Market Size Forecast by Type
5.2.1 Online
5.2.2 Offline
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Load Tap Changer (LTC) Filtering System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Load Tap Changer (LTC) Filtering System Market Size Forecast by Applications
6.2.1 Power Transformer
6.2.2 Transmission & Distributor Transformer
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Load Tap Changer (LTC) Filtering System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Load Tap Changer (LTC) Filtering System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Load Tap Changer (LTC) Filtering System Analysis and Forecast
9.1 Introduction
9.2 North America Load Tap Changer (LTC) Filtering System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Load Tap Changer (LTC) Filtering System Market Size Forecast by Type
9.6.1 Online
9.6.2 Offline
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Load Tap Changer (LTC) Filtering System Market Size Forecast by Applications
9.10.1 Power Transformer
9.10.2 Transmission & Distributor Transformer
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Load Tap Changer (LTC) Filtering System Analysis and Forecast
10.1 Introduction
10.2 Europe Load Tap Changer (LTC) Filtering System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Load Tap Changer (LTC) Filtering System Market Size Forecast by Type
10.6.1 Online
10.6.2 Offline
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Load Tap Changer (LTC) Filtering System Market Size Forecast by Applications
10.10.1 Power Transformer
10.10.2 Transmission & Distributor Transformer
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Load Tap Changer (LTC) Filtering System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Load Tap Changer (LTC) Filtering System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Load Tap Changer (LTC) Filtering System Market Size Forecast by Type
11.6.1 Online
11.6.2 Offline
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Load Tap Changer (LTC) Filtering System Market Size Forecast by Applications
11.10.1 Power Transformer
11.10.2 Transmission & Distributor Transformer
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Load Tap Changer (LTC) Filtering System Analysis and Forecast
12.1 Introduction
12.2 Latin America Load Tap Changer (LTC) Filtering System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Load Tap Changer (LTC) Filtering System Market Size Forecast by Type
12.6.1 Online
12.6.2 Offline
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Load Tap Changer (LTC) Filtering System Market Size Forecast by Applications
12.10.1 Power Transformer
12.10.2 Transmission & Distributor Transformer
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Load Tap Changer (LTC) Filtering System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Load Tap Changer (LTC) Filtering System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Load Tap Changer (LTC) Filtering System Market Size Forecast by Type
13.6.1 Online
13.6.2 Offline
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Load Tap Changer (LTC) Filtering System Market Size Forecast by Applications
13.10.1 Power Transformer
13.10.2 Transmission & Distributor Transformer
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Load Tap Changer (LTC) Filtering System Market: Competitive Dashboard
14.2 Global Load Tap Changer (LTC) Filtering System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Parker Hannifin Corp (Velcon)
14.3.3 Filmax, LLC
14.3.4 Hilliard
14.3.5 Fischer-Robertson, Inc
14.3.6 Multiline Technical Co.
14.3.7 Saftec Ghana Ltd
14.3.8 AMS Filtration
14.3.9 SDMyers
14.3.10 SPX Transformer Solutions Inc
14.3.11 ABB
14.3.12 Harvard
14.3.13 Clark-Reliance Corporation
14.3.14 Fluidix Inc
14.3.15 Jinli Electric Power Electrical Appliance
14.3.16 Kaiqian Oil Filter
