"Actionable Insights to Fuel Your Growth"
Transformers are used to increase or decrease voltages and currents in an electrical circuit. The oil-filled transformer has a circuit breaker inside the transformer housing and uses a bridging contact that can be moved between an open position spaced from a couple of stationary contacts and a closed position that involves stationary contacts to finish a series circuit through the transformer to a low voltage terminal situated on the transformer panel. The oil-filled transformer consists of a transformer tank, a transformer core-coil assembly, cooling oil, and a transformer tank made of a corrosion-proof composite material.
Vast transformations in the power generation and distribution to develop renewable power sources have increased the demand in the oil-filled transformer market. In addition, several economies are inclined towards making renewable sources as a more substantial part of their energy mixes. Upgradation of electricity grids are also under process. These factors are further driving the demand in this market.
To gain extensive insights into the market, Request for Customization
The oil-filled transformers market is categorized by distribution, power, and industrial transformers. The positive inclination toward the expansion of high voltage lines to cater to the surging electricity demand across developed economies along with the rapid installation of utility-based HVDC (high voltage direct current) infrastructure is expected to drive the power transformers market. Outdoor oil-filled transformers are expected to grow due to its ability to operate at high voltage application areas. Rapid research and development expenditure toward the refurbishment of grid infrastructure along with huge fund allocation by regulatory authorities for the expansion of grid networks is expected to uplift the utility oil-filled transformers market.
The oil-filled transformer market is driven by its broad applicability in the distribution of electricity. The rapid demand for electricity across the globe due to rapid industrialization in developing countries is further driving the market growth. Additionally, major drivers for the market also include rapid up-gradation of electricity grids and rising focus on the development of modern electricity transmission and distribution infrastructure, and modernization of electricity distribution infrastructure in developing economies has boosted the demand in the oil-filled transformer market.
However, the high cost of the product is the major restraint for the market as it is costlier along with a lack of investment by government in grid stability and load or number of losses.
Some of the major companies that are present in oil-filled transformers market are Hammond Power Solutions Inc., ABB Ltd., Eaton Corporation PLC., Siemens AG, CG Power and Industrial Solutions Ltd., Voltamp Transformers Ltd. Schneider Electric SE, Jinpan International USA Ltd, Bharat Heavy Electricals Ltd., Virginia Transformer Corp, Tbea Transformer Industrial Group, Toshiba, Kotsons Pvt., Ltd, Crompton Graves Ltd., and Kirloskar Electric.
· Distribution Transformers
· Power Transformers
· Instrument Transformers
· Residential & Commercial
· North America (the USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico, and Rest of Latin America)
· Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
The global oil-filled transformers market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America oil-filled transformers market is expected to be a significant market due to ongoing technological enhancements along with increased spending for the development of long-distance electricity networks in the region. Europe is expected to contribute to growth for the oil-filled transformers market due to the extensive deployment of smart transformer units along with ongoing regulatory initiatives to cater to the rising energy demand. Asia-Pacific is expected to be the dominant player all over the world, due to its growing population along with improvement in lifestyle which has led to the increase in consumption of energy in economies such as China and India. In Latin America, economies such as Brazil and Argentina are the major markets due to the rise in demand from different sectors. Additionally, increasing private funding from financial institutions toward electrification programs will considerably enhance the business landscape. The Argentina government is also in the process of commissioning large projects, both in the transmission and generation sectors.
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry