A transformer is an electric device that converts electrical energy from one voltage to the next. The two primary types of transformers are liquid and dry transformers. A liquid transformer has cores and coils that are immersed in an insulating liquid, such as oil, that serves as the cooling/heat transfer medium while also controlling stray currents. An insulating oil has good electrical insulating qualities and remains stable at high temperatures.
MARKET DYNAMICS
The rising use of the transformer in various applications such as residential, commercial, and industrial operations is a prominent factor driving growth in the worldwide liquid transformer market. When high voltage transmission uses mineral oil as an insulating medium, a liquid transformer is employed to prevent short circuit and transmission losses. Furthermore, liquid transformers are less expensive than dry transformers. The liquid transformers market is predicted to increase significantly over the forecast period due to these factors.
MARKET SCOPE
The "Global Liquid Transformer Market Analysis To 2028" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The liquid transformer market report aims to provide an overview of the liquid transformer market with detailed market segmentation by type, application, installation, and geography. The global liquid transformer market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading liquid transformer market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global liquid transformer market is segmented based on type, application, installation. Based on type, the liquid transformer market is segmented into seed oil filled, mineral oil filled, others. Based on application, the liquid transformer market is segmented into residential, commercial, industrial. Based on installation, the liquid transformer market is segmented into indoor, outdoor.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global liquid transformer market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The liquid transformer market by each region is later sub-segmented by respective countries and segments. The liquid transformer market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the liquid transformer market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the liquid transformer market in these regions.
IMPACT OF COVID-19 ON LIQUID TRANSFORMER MARKET
The sudden outbreak of the COIVD-19 pandemic negatively impacted the growth of the global liquid transformer market. The supply chain disruptions influenced the decline in demand for liquid transformers. Additionally, the stringent lockdown imposed by various government bodies across impacted the manufacturers of liquid transformers thereby impacting the growth of the global liquid transformers market.
MARKET PLAYERS
The reports cover key developments in the liquid transformer market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from liquid transformer market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the liquid transformer market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the liquid transformer market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Schneider Electric
-Compton Greaves
-ABB
-GENERAL ELECTRIC
-Siemens
-MGM Transformer Company
-SEBAB
-Imefy Group
-VanTran Industries
-Thorne & Derrick