Liquid-immersed Transformers Market To Be Dominated by Keyplayers Altrafo Transformers, CNC Group, CELME, Dandong Xintai Electric, China XD Group EREMU, and Elsewedy Electric.

Transmission and distribution of electrical energy from power generating sources to user end requires step-up and step-down of voltages at different ends that necessitate the utilization of transformers at every stage. Moreover, requirement to reduce the transmission losses and short circuit in high voltage transmission, liquid-immersed transformers that have mineral oil as an electric insulating medium to act as an arc-quenching medium and provide optimum operational temperature range are expected to drive the industry growth through the forecast period.

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Increasing demands for electrical energy and proliferating energy generating capacities of renewable sources are expected to fuel the industry growth
According to International Energy Outlook 2016, by U.S. Energy Information Administration, world energy consumption is expected to witness surge of over 48% by 2040, with China and India accounting the major share of the increased demands.

Increasing reliance on renewable fuels that include solar, wind, hydroelectric, and geothermal are among the major forms of energy to for on grid installations are expected to attract major demand. Requirement to step-up the voltage and transmit the electrical energy over the long distance range is expected to be the primary growth factor over the forecast period. Moreover, increasing kWh demands in conjunction with the increasing costs of space, specifically in the urban areas, will present substantial growth prospects for the liquid-immersed transformers market.

Asia Pacific is expected to remain the most dominating regional segment, primarily owing to the large scale requirements, and the presence of the largest consumer base. Technological advancements that can enhance the functioning of these equipment by several decimal units will find increased consumer inclinations owing to the energy efficiency that can be achieved owing to large scale power requirements.

Key liquid-immersed transformers market participants include CG, ABB, Schneider Electric, GE, and Siemens. Industry presence is characterized by the presence of several regional participants competing in their specific region with the international players.

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Liquid-Immersed Transformers Market Taxonomy

On the basis of dielectric fluids, the global liquid-immersed transformers market is classified into:

• Natural esters
• Synthetic esters
• Mineral oils
• Silicone oils

On the basis of application, the global liquid-immersed transformers market is classified into:

• Power transformers
• Distribution transformers
o Residential
o Commercial
o Industries

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This release was published on openPR.