Oil immersed transformer, also called oil filled transformer, and is a kind of voltage transformation device utilizing oil cooling method to reduce the transformer temperature. Different from the dry type transformer, the body of oil immersed transformer is installed in the welded steel oil tank filled with insulation oil. When oil immersed transformer in operation, the heat of coil and iron core firstly is transformed to the insulation oil and then to the cooling medium.
MARKET DYNAMICS
Increasing power consumption across industrial and residential areas is a key factor driving growth of the global transformer oil market. In addition, continuous upgradation in capacities of transformers and growing transition towards other renewable energy sources are major factors expected to boost growth to the global transformer oil market over the forecast period.
MARKET SCOPE
The ?Global Oil Filled Transformer Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the oil filled transformer market with detailed market segmentation by product type, installation, and end-users. The global oil filled transformer market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading oil filled transformer market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The oil filled transformer market is segmented into:
1. By Product Type: Based on the product type, the market is segmented as Distribution Transformer, Power Transformer, Instrument Transformer, and Others.
2. By Installation: Based on the installation type, the market is segmented as Outdoor and Indoor.
3. By End Users: Based on the end users, the market is segmented as Residential, Commercial, Utility, and Industrial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The oil filled transformer market by each region is later sub-segmented by respective countries and segments. The 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 oil filled transformer market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the oil filled transformer market in these regions.
IMPACT OF COVID 19
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition. As the COVID-19 pandemic is disrupting global economies, transformer market players are struggling to locate their operational and financial bases and a number of operations are being halted. The lockdown measures have impacted the financial health of power distribution companies.
MARKET PLAYERS
The report covers vital developments in the oil filled 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 partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the oil filled transformer market are anticipated to have lucrative growth opportunities in the future with the rising demand for oil filled transformer in the global market. Below mentioned is the list of a few companies engaged in the oil filled transformer market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the oil filled transformer market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- ABB Ltd
- CNC Electric Group Co., Ltd.
- Eaton Corporation plc
- Elsewedy Electric Co S.A.E.
- General Electric
- ISMET Gmbh
- Ormazabal
- Schneider Electric SE
- Siemens AG
- Toshiba Corporation