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Oil Filled Transformer Market Growth Analysis by Top Key Players GE, Siemens, ABB, Eaton, Ormazabal, Toshiba, Schneider Electric, Elsewedy Electric, Celme
Oil Filled Transformer Market
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.
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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.
By Product
• Distribution Transformer
• Power Transformer
• Instrument Transformer
• Others
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.
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5 to 10 MVA rating transformers will grow on account of extensive industrial & commercial development. Rapid installation of these units across MV applications will further fuel the global oil filled transformer market.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Siemens
2. Eaton Corporation
3. General Electric
4. ABB
5. Toshiba Corporation
6. LSIS Co.
7. Ormazabal
Oil filled transformer market across the U.S. is projected to grow over 4% by 2024. Ongoing technological advancement for the establishment of reliable grid support infrastructure in line with increasing government investments for the development of cross border transmission infrastructure will fuel the industry growth.
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Closed core units will witness growth owing to its vast applicability across low and medium voltage electricity infrastructure. Properties including reduced iron losses, flux leakage and effectual mechanical strength will significantly fuel the product adoption.
Transmission oil filled transformer market will witness significant upsurge owing to the expansion of HV grid lines for long distance electricity supply. Deployment of renewable energy network systems to cater the energy demand in line with subsequent upgrading of grid networks for optimum energy consumption will further complement the product demand.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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