Press release
ABB: What’s Driving the Oil filled transformer market Trends? Eaton Corporation, Ormazabal, Toshiba,
Eminent oil filled transformer market participants comprise Siemens, Eaton Corporation, General Electric, ABB, Toshiba Corporation, LSIS Co., and Ormazabal amongst others. Strengthened distributary network, extensive R&D coupled with product accreditations are few key assets that serve as a foundation for the development of efficient transformers.
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Pages: 400
Tables: 564
Charts / Figures: 32
Companies covered: 22
Countries covered: 40
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.
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.
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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.
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.
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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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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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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