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Oil Filled Transformer Market to 2024 - Focus on Distribution Transformer, Power Transformer, Instrument Transformer, Others

Author : Rahul Sankrityayan | Published Date : 2019-03-27 

Global Market Insights, Inc. adds new Oil Filled Transformer Market report which provides in-depth information about Industry overview, top vendors, Key market highlights, product types, drivers, challenges, trends, industry landscape, size and forecast.

Oil Filled Transformer Market is anticipated to surpass USD 45 billion by 2024. Increasing expenditure pertaining to the development of grid networks along with positive government initiatives for the revamping of existing electrical infrastructure will drive the oil filled transformer market. The Federal Energy Regulatory Commission in 2015, stated that it has tripled the expenditures on transmission to USD 15 billion as compared to its fund flow in 2006. Significant increase in the electricity demand owing to ongoing commercialization and industrialization will further complement the industry landscape.

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Single-phase transformers will witness significant growth on account of favorable government measures including incentivization policies and feed in tariffs (FITs) toward the establishment of renewable energy infrastructure. Deployment of energy efficient transformer units across small scale industries in the developing countries will further stimulate the oil filled transformer market.

Development of rail and road networks in developed regions in line with massive fund allocations across the transportation industry will augment the installation of pad mounted units. Rising infrastructural fund flow across electricity markets along with enhanced government efforts to overcome power deficit will further fuel the oil filled transformer market.

Surging demand for electricity from constantly increasing population along with positive regulatory coalition toward rural electrification will enhance the oil filled transformer market share across Middle East & Africa. In 2014, the West African Government, introduced the National Electrification Scheme with a target to increase the penetration rate of electricity by 80% by the year 2020.

Favorable government initiatives including feed in tariffs (FITs) and incentivization policies toward the establishment of sustainable energy infrastructure will boost the single phase oil filled transformer market growth. Deployment of efficient transformer units in small scale industries across developing nations will further provide a stimulus to the industry landscape.

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Closed core oil filled transformer market will witness growth on account of its vast applicability across medium and low voltage electricity networks. Properties including effectual mechanical strength, reduced iron losses and flux leakage will significantly boost the product adoption.

Surging electricity demand from the ever increasing population coupled with favorable regulatory regime toward rural electrification will drive the Middle East & Africa oil filled transformer market growth. The Government of West Africa, in 2014, launched the National Program for Rural Electrification (PRONER) with an aim to increase the electricity penetration rate by 80% by 2020.

Transmission networks will witness substantial growth on account of government measures toward the expansion of high voltage grid networks for long distance power supply. Establishment of renewable energy networks to fulfil the energy demand along with subsequent upgrading of power networks for optimized energy consumption will in turn drive the transmission oil filled transformer market size.

Notable industry players in the oil filled transformer market comprise General Electric, Siemens, ABB, Eaton Corporation, Ormazabal, Toshiba Corporation and LSIS Co. amongst others. Extensive R&D, product accreditations coupled with strengthened distributary network are some of the key assets that provide a competitive edge to the industry players.

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Chapter 4 Global Oil Filled Transformer Market, By Core

4.1 Global oil filled transformer market share by core, 2017 & 2024

4.2 Closed

4.2.1 Global market from closed, 2013 - 2024

4.2.2 Global market from closed, by region, 2013 - 2024

4.2.3 Global market from closed, by region, 2013 - 2024

4.3 Shell

4.3.1 Global market from shell, 2013 - 2024

4.3.2 Global market from shell, by region, 2013 - 2024

4.3.3 Global market from shell, by region, 2013 - 2024

4.4 Berry

4.4.1 Global market from berry, 2013 - 2024

4.4.2 Global market from berry, by region, 2013 - 2024

4.4.3 Global market from berry, by region, 2013 - 2024

Related Report:
Europe Boiler Market

Lead Acid Battery Market

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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