Oil filled transformer market 2018 – 2024 | Global Industry Top Key Players – General Electric, Siemens, LSIS Co., Eaton Corporation, Celme, Ormazabal, Schneider Electric, and Toshiba Corporation
Rising expenditure toward the expansion of electric infrastructure coupled with favorable regulatory measures for the refurbishment of existing grid networks will drive the global oil filled transformer market size. According to the Federal Energy Regulatory Commission (FERC), it has tripled the transmission expenditures in 2015 to over USD 15 billion in comparison to its investments in 2006. Significant upsurge in the demand for electricity due to ongoing urbanization and commercialization will further propel the industry dynamics.
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The U.S. oil filled transformer market is predicted to expand over 4% by 2024. Ongoing technological enhancements for the provision of reliable grid support systems along with massive government funding for the establishment of cross border transmission networks will boost the industry growth.
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Global Oil Filled Transformer Industry Insights
Chapter 4 Global Oil Filled Transformer Market, By Core
Chapter 5 Global Oil Filled Transformer Market, By Product
Chapter 6 Global Oil Filled Transformer Market, By Winding
Chapter 7 Global Oil Filled Transformer Market, By Installation
Chapter 8 Global Oil Filled Transformer Market, By Modes of Cooling
Chapter 9 Global Oil Filled Transformer Market, By Phase
Chapter 10 Global Oil Filled Transformer Market, By Mounting
Chapter 11 Global Oil Filled Transformer Market, By Rating
Chapter 12 Global Oil Filled Transformer Market, By Substation Connectivity
Chapter 13 Global Oil Filled Transformer Market, By Application
Chapter 14 Global Oil Filled Transformer Market, By Region
5 to 10 MVA oil immersed transformer market size will witness growth subject to rampant commercial & industrial expansion. Rapid deployment of these units across medium voltage applications will further fuel the product 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.
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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.
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