Oil Filled Transformer Market Analysis

  • Report ID: 5201
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Oil Filled Transformer Market Analysis

Mode of Cooling (Oil Natural Air Natural, Oil Natural Air Forced, Oil Natural Water Forced)

The oil natural water forced segment is expected to hold the largest share of about 60% over the coming years in the oil filled transformer market. The transformer core and windings are inserted into the oil tank as a component of the oil natural water force cooling technique. A radiator is attached outside the tank. As the temperature rises and the oil heats up and rises, the heat is released naturally through convection. Oil is transported through the radiator, but water is pumped through a heat exchanger to cool the oil. Hence, this is an excellent method for large-scale projects.

Installation (Outdoor, Indoor)

The outdoor segment is expected to hold 70% share of the global oil filled transformer market by the end of 2037, due to its capacity to operate in high-voltage application ranges. Additionally, besides providing the best cooling strength, they additionally allay fire safety worries, which increases their demand and fuels the expansion of the sector as a whole over the forecast period.

Our in-depth analysis of the global oil filled transformer market includes the following segments:

          Core

  • Berry
  • Closed
  • Shell

          Product Type

  • Instrument Transformer
  • Distribution Transformer
  • Power Transformer

          Mode of Cooling

  • Oil Natural Air Natural
  • Oil Natural Air Forced
  • Oil Natural Water Forced

          Application

  • Residential
  • Commercial
  • Industrial
  • Utility

 

          Installation

  • Outdoor
  • Indoor
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Author Credits:  Dhruv Bhatia


  • Report ID: 5201
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of oil filled transformer is assessed at USD 48.92 billion.

The oil filled transformer market size was valued at USD 46.22 billion in 2024 and is expected to reach USD 115.51 billion by 2037, expanding at around 7.3% CAGR during the forecast period i.e., between 2025-2037. The market growth is propelled by growing demand for renewable energy, rising use of natural oil in oil filled transformer, and surge in construction of tall buildings.

North America industry is predicted to dominate majority revenue share of 40% by 2037, due to growing government investment in smart grid network projects in the region.

The major players in the market include ABB, Schneider Electric, General Electric, Crompton Greaves Consumer Electricals Limited, Bharti Heavy Electricals Limited, Jinan Co., Ltd., Mettz Group, Celme s.r.l., Kirloskar Electric Company, Kotsons Pvt. Ltd.
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