Albany, NY -- (SBWIRE) -- 08/11/2017 -- Electrical transformers are devices that convert electricity from one voltage to another for T&D purposes. Transformers need an insulating medium to keep the temperature of the core windings in check as well as act as an arc-quenching medium. Oil is the most widely used type of insulating medium. Transformer oil is used as an insulation and arc-quenching medium in power and distribution transformers. Windings use cellulose insulation that has a strong affinity for oxygen and is immersed in transformer oil to prevent oxidation. Transformer oil is produced by the fractional distillation and subsequent processing of crude oil. It also finds application in circuit breakers and switchgears, which are traditional and use oil as the arc-quenching fluid. The global demand for renovation and expansion of the T&D network is on the rise, mostly triggered by the growing demand for electric power from almost every type of end-user, namely residential, commercial, and industrial sectors.
The global liquid-immersed transformers market to grow at a CAGR of 4.87% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global liquid-immersed transformers market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of liquid immersed transformers required for transmission and distribution.
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The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Technavio's report, Global Liquid-Immersed Transformers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
- ABB
- CG
- GE
- Schneider Electric
- Siemens
Other prominent vendors
- Altrafo Transformers
- CELME
- CNC Group
- China XD Group
- Dandong Xintai Electric
- EREMU
- Elsewedy Electric
- ELTAS Transformator Sanayi ve Ticaret
- Fuji Electric
- Hyosung Power & Industrial Systems Performance Group
- Hyundai Heavy Industries
- Hitachi Industrial Equipment Systems
- IMEFY
- ISMET
- J. Schneider Elektrotechnik
- KITASHIBA ELECTRIC
- Layer Electronics
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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