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Oil Filled Transformer Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: October, 2022
No of Pages: 159
Delivery Format: PDF+Excel

$2,950.00

Industry Trends

Oil filled transformer market size was valued over USD 33 billion in 2017 and is set to witness an annual installation of 600 thousand units by 2024.

Increasing expenditure toward the modernization of electric infrastructure has enhanced the development of effective grid systems thereby driving the market growth. In 2016, the U.S. DOE under the Grid Modernization Initiative invested USD 220 million to revitalize the power grid thereby making it sustainable, resilient, and affordable. Rising electricity demand attributed to expansion of industrial and commercial establishments will further complement the industry landscape.

Oil Filled Transformer Market, By Core

Development of HVDC networks to meet the constantly increasing electricity demand will drive the shell oil filled transformer industry. Extensive application of shell transformers across higher power ratings and higher voltages will in turn boost the product adoption. These transformers are designed with inherently better kVA to weight ratio, higher immunity to transit damage and better short circuit strength characteristics.

Oil Filled Transformer Market, By Product

Rising need for an efficient transmission system to ensure reliable power supply will fuel the oil filled power transformers market. Positive inclination toward the expansion of high voltage lines to cater the surging electricity demand across developed economies along with rapid installation of utility based HVDC infrastructure will further propel the industry landscape.

Oil Filled Transformer Market, By Winding

Auto oil filled transformer industry is set to grow over 5.5% by 2024. Utilization of single winding per phase along with lesser current requirement will enhance the product penetration. Improved efficiency, compact structure, and cost-effectiveness of these units in comparison to their existing counterparts will further stimulate the industry growth.

Oil Filled Transformer Market, By Installation

Outdoor oil filled transformers will witness growth on account of its ability to operate at high voltage application areas. Optimum cooling strength along with elimination of concerns pertaining to fire hazards will boost the deployment of outdoor transformers.

Oil filled Transformer Market, By Modes of Cooling

Oil Natural Air Natural (ONAN) oil filled transformer market will grow on account of its extensive application in low rating transformers. The ONAN mode of cooling employs natural convection process for cooling the oil by the circulation of natural air.

Oil Filled Transformer Market, By Phase

Favorable regulatory policies for the upgradation of small-scale industrial sector across developing economies will boost the adoption of three-phase transformers. Capability of three phase transformers to operate smoothly over voltages transmitted over long distances along with their economic feasibility will further stimulate the product adoption.

Oil Filled Transformer Market, By Mounting

Expansion of rail & road networks in developed regions along with massive investments across the transportation sector will appreciably enhance the deployment of pad mounted oil filled transformers. Rising infrastructural investments across electricity markets coupled with rapid expansion of utility aided distribution networks will further fuel the product adoption.

Oil Filled Transformer Market, By Rating

<5 MVA oil immersed transformers will grow on account of rapidly increasing electricity demand across residential & commercial establishments. Increasing demand for the designing of compact and energy efficient transformers across primary and secondary distribution networks will further augment the industry landscape.

Oil Filled Transformer Market, By Substation Connectivity

Ongoing expansion of high voltage grid infrastructure across utilities to fulfil the ever-rising electricity demand will augment the transmission oil filled transformers market. Increasing government measures to mitigate the risk of widespread blackouts will further promote the deployment of smart transformers in distribution lines.

Oil Filled Transformer Market, By Application

Utility oil filled transformers market is predicted to expand over 5% by 2024. Increasing R&D expenditure toward the refurbishment of grid infrastructure along with massive fund allocation by regulatory authorities for the expansion of grid networks will boost the industry landscape.

Oil Filled Transformer Market, By Region

The U.S. market is expected to reach over USD 6 billion by 2024. Ongoing technological enhancements along with increased spending for the development of long-distance electricity networks will boost the oil immersed transformer market. In 2017, the U.S. Government spent USD 10 billion for the development of new grid networks, with an aim to reduce the curtailment rate of the Western transmission network.

Extensive deployment of smart transformer units coupled with ongoing regulatory initiatives to cater the rising energy demand will drive the France market. Increasing government funding in line with large-scale renewable integration for effective energy mix will further complement the industry outlook.

Lack of grid infrastructure across war affected nations along with the increasing electricity demand will accelerate the Middle East & Africa market growth. Increasing private funding from financial institutions toward electrification programs will considerably enhance the business landscape.

Competitive Market Share

Eminent industry players across the oil filled transformer industry comprise of ABB, General Electric, Siemens, LSIS Co., Eaton Corporation, Celme, Ormazabal, Schneider Electric, Elsewedy Electric and Toshiba Corporation.

To suffice the industrial competitiveness, inorganic growth expansion strategies coupled with extensive R&D has been the foundation for the development of efficient transformers by industry players.

Oil Filled Transformer Industry Background

Oil filled transformers are transformers whose windings and magnetic circuits are immersed in oil that has good electrical insulating properties to block the flow of current through the oil and efficiently roves heat from the core and windings.

Chapter 1     Methodology & Scope

1.1   Methodology

1.2   Market definitions

1.3   Market estimates and forecast parameters

1.4   Data Sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1   Paid sources

1.4.2.2   Public sources

Chapter 2     Executive Summary

2.1   Global oil filled transformer market 360o synopsis, 2013 – 2024

2.1.1    Business trends

2.1.2    Core trends

2.1.3    Product trends

2.1.4    Winding trends

2.1.5    Installation trends

2.1.6    Modes of cooling trends

2.1.7    Phase trends

2.1.8    Mounting trends

2.1.9    Rating trends

2.1.10   Substation connectivity trends

2.1.11   Application trends

2.1.12   Regional trends

Chapter 3     Global Oil Filled Transformer Industry Insights

3.1   Industry segmentation

3.2   Industry landscape, 2013 – 2024 (USD Million)

3.3   Industry ecosystem analysis

3.3.1    Vendor matrix

3.4   Innovation & sustainability

3.4.1    ABB

3.4.2    Siemens

3.4.3    Other innovations

3.5   Regulatory landscape

3.5.1    Europe

3.5.1.1   EU Eco-design Directive

3.5.1.1.1   Requirement for medium transformers

3.5.1.1.2   Requirement for medium transformers

3.5.1.2   UK

3.5.2    U.S.

3.5.2.1   Electricity Reliability Standards

3.5.2.2   National Electrical Manufacturers Association (NEMA) Standards

3.5.3    China

3.5.4    India

3.6   Import/export landscape

3.7   Price trend analysis

3.8   Historic trends (Transformers)

3.9   Life cycle cost analysis (Transformer)

3.9.1    No-load loss capitalization

3.10    Transformer capital investment landscape

3.11    Potential Problems and Remedial Actions for Liquid-Filled Transformer Cooling Systems

3.11.1   Leaks

3.11.2   Cleaning Radiators

3.11.3   Plugged Radiators

3.11.4   Sludge Formation

3.11.5   Valve Problems

3.11.6   Mineral Deposits

3.11.7   Low Oil Level

3.12    Oil filled Transformer Inspections

3.13    Industry impact forces

3.13.1   Growth drivers

3.13.1.1   North America

3.13.1.1.1   Refurbishment of existing grid networks

3.13.1.1.2   Rising electric infrastructure spending

3.13.1.2   Europe

3.13.1.2.1   Rapid smart grid adoption

3.13.1.2.2   Expansion of sustainable electricity networks

3.13.1.3   Asia Pacific and MEA

3.13.1.3.1   Increasing demand for electricity

3.13.1.3.2   Large scale renewable integration

3.13.1.4   Latin America

3.13.1.4.1   Increasing demand for sustainable electrical networks

3.13.2   Industry pitfalls and challenges

3.13.2.1  Increasing adoption of alternate transformer technologies

3.14    Growth potential analysis

3.15    Key customer requirement

3.16    Entry barrier

3.17    Competitive landscape, 2017

3.17.1   Strategy dashboard

3.17.1.1   ABB

3.17.1.1   Hitachi

3.17.1.1   Mitsubishi

3.17.1.1   Hyosung

3.18    Porter’s Analysis

3.19    PESTEL Analysis

Chapter 4     Global Oil Filled Transformer Market, By Core

4.1   Global oil filled transformer market share by core, 2017 & 2024

4.2   Closed

4.2.1    Global market from closed, 2013 – 2024

4.2.2    Global market from closed, by region, 2013 – 2024

4.2.3    Global market from closed, by region, 2013 – 2024

4.3   Shell

4.3.1    Global market from shell, 2013 – 2024

4.3.2    Global market from shell, by region, 2013 – 2024

4.3.3    Global market from shell, by region, 2013 – 2024

4.4   Berry

4.4.1    Global market from berry, 2013 – 2024

4.4.2    Global market from berry, by region, 2013 – 2024

4.4.3    Global market from berry, by region, 2013 – 2024

Chapter 5     Global Oil Filled Transformer Market, By Product

5.1   Global oil filled transformer market share by product, 2017 & 2024

5.2   Distribution Transformer

5.2.1    Global market from distribution transformer, 2013 – 2024

5.2.2    Global market from distribution transformer, by region, 2013 – 2024

5.2.3    Global market from distribution transformer, by region, 2013 – 2024

5.3   Power Transformer

5.3.1    Global market from power transformer, 2013 – 2024

5.3.2    Global market from power transformer, by region, 2013 – 2024

5.3.3    Global market from power transformer, by region, 2013 – 2024

5.4   Instrument Transformer

5.4.1    Global market from instrument transformer, 2013 – 2024

5.4.2    Global market from instrument transformer, by region, 2013 – 2024

5.4.3    Global market from instrument transformer, by region, 2013 – 2024

5.5   Others

5.5.1    Global market from others, 2013 – 2024

5.5.2    Global market from others, by region, 2013 – 2024

5.5.3    Global market from others, by region, 2013 – 2024

Chapter 6     Global Oil Filled Transformer Market, By Winding

6.1   Global oil filled transformer market share by winding, 2017 & 2024

6.2   Two Winding

6.2.1    Global market from two winding, 2013 – 2024

6.2.2    Global market from two winding, by region, 2013 – 2024

6.2.3    Global market from two winding, by region, 2013 – 2024

6.3   Auto Transformer

6.3.1    Global market from auto transformer, 2013 – 2024

6.3.2    Global market from auto transformer, by region, 2013 – 2024

6.3.3    Global market from auto transformer, by region, 2013 – 2024

Chapter 7     Global Oil Filled Transformer Market, By Installation

7.1   Global oil filled transformer market share by installation, 2017 & 2024

7.2   Outdoor

7.2.1    Global market from outdoor, 2013 – 2024

7.2.2    Global market from outdoor, by region, 2013 – 2024

7.2.3    Global market from outdoor, by region, 2013 – 2024

7.3   Indoor

7.3.1    Global market from indoor, 2013 – 2024

7.3.2    Global market from indoor, by region, 2013 – 2024

7.3.3    Global market from indoor, by region, 2013 – 2024

Chapter 8     Global Oil Filled Transformer Market, By Modes of Cooling

8.1   Global oil filled transformer market share by modes of cooling, 2017 & 2024

8.2   Oil Natural Air Natural (ONAN)

8.2.1    Global market from Oil Natural Air Natural (ONAN), 2013 – 2024

8.2.2    Global market from Oil Natural Air Natural (ONAN), by region, 2013 – 2024

8.2.3    Global market from Oil Natural Air Natural (ONAN), by region, 2013 – 2024

8.3   Oil Natural Water Forced (ONWF)

8.3.1    Global market from Oil Natural Water Forced (ONWF), 2013 – 2024

8.3.2    Global market from Oil Natural Water Forced (ONWF), by region, 2013 – 2024

8.3.3    Global market from Oil Natural Water Forced (ONWF), by region, 2013 – 2024

8.4   Oil Natural Air Forced (ONAF)

8.4.1    Global market from Oil Natural Air Forced (ONAF), 2013 – 2024

8.4.2    Global market from Oil Natural Air Forced (ONAF), by region, 2013 – 2024

8.4.3    Global market from Oil Natural Air Forced (ONAF), by region, 2013 – 2024

8.5   Others

8.5.1    Global market from others, 2013 – 2024

8.5.2    Global market from others, by region, 2013 – 2024

8.5.3    Global market from others, by region, 2013 – 2024

Chapter 9     Global Oil Filled Transformer Market, By Phase

9.1   Global oil filled transformer market share by phase, 2017 & 2024

9.2   3 – phase

9.2.1    Global market from 3 – phase, 2013 – 2024

9.2.2    Global market from 3 – phase, by region, 2013 – 2024

9.2.3    Global market from 3 – phase, by region, 2013 – 2024

9.3   Single phase

9.3.1    Global market from single phase, 2013 – 2024

9.3.2    Global market from single phase, by region, 2013 – 2024

9.3.3    Global market from single phase, by region, 2013 – 2024

Chapter 10   Global Oil Filled Transformer Market, By Mounting

10.1    Global oil filled transformer market share by mounting, 2017 & 2024

10.2    Pad

10.2.1   Global market from pad, 2013 – 2024

10.2.2   Global market from pad, by region, 2013 – 2024

10.2.3   Global market from pad, by region, 2013 – 2024

10.3    Pole

10.3.1   Global market from pole, 2013 – 2024

10.3.2   Global market from pole, by region, 2013 – 2024

10.3.3   Global market from pole, by region, 2013 – 2024

10.4    Foundation

10.4.1   Global market from foundation, 2013 – 2024

10.4.2   Global market from foundation, by region, 2013 – 2024

10.4.3   Global market from foundation, by region, 2013 – 2024

10.5    Others

10.5.1   Global market from others, 2013 – 2024

10.5.2   Global market from others, by region, 2013 – 2024

10.5.3   Global market from others, by region, 2013 – 2024

Chapter 11   Global Oil Filled Transformer Market, By Rating

11.1    Global oil filled transformer market share by rating, 2017 & 2024

11.2    < 5 MVA

11.2.1   Global market from < 5 MVA, 2013 – 2024

11.2.2   Global market from < 5 MVA, by region, 2013 – 2024

11.2.3   Global market from < 5 MVA, by region, 2013 – 2024

11.3    5 to 10 MVA

11.3.1   Global market from 5 to 10 MVA, 2013 – 2024

11.3.2   Global market from 5 to 10 MVA, by region, 2013 – 2024

11.3.3   Global market from 5 to 10 MVA, by region, 2013 – 2024

11.4    > 10 MVA

11.4.1   Global market from > 10 MVA, 2013 – 2024

11.4.2   Global market from > 10 MVA, by region, 2013 – 2024

11.4.3   Global market from > 10 MVA, by region, 2013 – 2024

Chapter 12   Global Oil Filled Transformer Market, By Substation Connectivity

12.1    Global oil filled transformer market by substation connectivity,2017 & 2024

12.2    Distribution

12.2.1   Global market from distribution, 2013 – 2024

12.2.2   Global market from distribution, by region, 2013 – 2024

12.2.3   Global market from distribution, by region, 2013 – 2024

12.3    Transmission

12.3.1   Global market from transmission, 2013 – 2024

12.3.2   Global market from transmission, by region, 2013 – 2024

12.3.3   Global market from transmission, by region, 2013 – 2024

Chapter 13   Global Oil Filled Transformer Market, By Application

13.1    Global oil filled transformer market share by application, 2017 & 2024

13.2    Residential & Commercial

13.2.1   Global market from residential & commercial, 2013 – 2024

13.2.2   Global market from residential & commercial, by region, 2013 – 2024

13.2.3   Global market from residential & commercial, by region, 2013 – 2024

13.3    Utility

13.3.1   Global market from utility, 2013 – 2024

13.3.2   Global market from utility, by region, 2013 – 2024

13.3.3   Global market from utility, by region, 2013 – 2024

13.4    Industrial

13.4.1   Global market from industrial, 2013 – 2024

13.4.2   Global market from industrial, by region, 2013 – 2024

13.4.3   Global market from industrial, by region, 2013 – 2024

Chapter 14   Global Oil Filled Transformer Market, By Region

14.1    Global oil filled transformer market share by region, 2017 & 2024

14.1.1   North America market by core, 2013 – 2024

14.1.2   North America market by product, 2013 – 2024

14.1.3   North America market by winding, 2013 – 2024

14.1.4   North America market by installation, 2013 – 2024

14.1.5   North America market by mode of cooling, 2013 – 2024

14.1.6   North America market by phase, 2013 – 2024

14.1.7   North America market by mounting, 2013 – 2024

14.1.8   North America market by rating, 2013 – 2024

14.1.9   North America market by substation connectivity, 2013 – 2024

14.1.10   North America market by application, 2013 – 2024

14.1.11   U.S.

14.1.11.1    U.S. market, 2013 – 2024

14.1.11.2    U.S. market by core, 2013 – 2024

14.1.11.3    U.S. market by product, 2013 – 2024

14.1.11.4    U.S. market by winding, 2013 – 2024

14.1.11.5    U.S. market by installation, 2013 – 2024

14.1.11.6    U.S. market by mode of cooling, 2013 – 2024

14.1.11.7    U.S. market by phase, 2013 – 2024

14.1.11.8    U.S. market by mounting, 2013 – 2024

14.1.11.9    U.S. market by rating, 2013 – 2024

14.1.11.10  U.S. market by substation connectivity, 2013 – 2024

14.1.11.11  U.S. market by application, 2013 – 2024

14.1.12   Canada

14.1.12.1    Canada market, 2013 – 2024

14.1.12.2    Canada market by core, 2013 – 2024

14.1.12.3    Canada market by product, 2013 – 2024

14.1.12.4    Canada market by winding, 2013 – 2024

14.1.12.5    Canada market by installation, 2013 – 2024

14.1.12.6    Canada market by mode of cooling, 2013 – 2024

14.1.12.7    Canada market by phase, 2013 – 2024

14.1.12.8    Canada market by mounting, 2013 – 2024

14.1.12.9    Canada market by rating, 2013 – 2024

14.1.12.10  Canada market by substation connectivity, 2013 – 2024

14.1.12.11  Canada market by application, 2013 – 2024

14.1.13   Mexico

14.1.13.1    Mexico market, 2013 – 2024

14.1.13.2    Mexico market by core, 2013 – 2024

14.1.13.3    Mexico market by product, 2013 – 2024

14.1.13.4    Mexico market by winding, 2013 – 2024

14.1.13.5    Mexico market by installation, 2013 – 2024

14.1.13.6    Mexico market by mode of cooling, 2013 – 2024

14.1.13.7    Mexico market by phase, 2013 – 2024

14.1.13.8    Mexico market by mounting, 2013 – 2024

14.1.13.9    Mexico market by rating, 2013 – 2024

14.1.13.10  Mexico market by substation connectivity, 2013 – 2024

14.1.13.11  Mexico market by application, 2013 – 2024

14.2    Europe

14.2.1   Europe market, 2013 – 2024

14.2.2   Europe market by core, 2013 – 2024

14.2.3   Europe market by product, 2013 – 2024

14.2.4   Europe market by winding, 2013 – 2024

14.2.5   Europe market by installation, 2013 – 2024

14.2.6   Europe market by mode of cooling, 2013 – 2024

14.2.7   Europe market by phase, 2013 – 2024

14.2.8   Europe market by mounting, 2013 – 2024

14.2.9   Europe market by rating, 2013 – 2024

14.2.10   Europe market by substation connectivity, 2013 – 2024

14.2.11   Europe market by application, 2013 – 2024

14.2.12   UK

14.2.12.1    UK market, 2013 – 2024

14.2.12.2    UK market by core, 2013 – 2024

14.2.12.3    UK market by product, 2013 – 2024

14.2.12.4    UK market by winding, 2013 – 2024

14.2.12.5    UK market by installation, 2013 – 2024

14.2.12.6    UK market by mode of cooling, 2013 – 2024

14.2.12.7    UK market by phase, 2013 – 2024

14.2.12.8    UK market by mounting, 2013 – 2024

14.2.12.9    UK market by rating, 2013 – 2024

14.2.12.10  UK market by substation connectivity, 2013 – 2024

14.2.12.11  UK market by application, 2013 – 2024

14.2.13   Germany

14.2.13.1    Germany market, 2013 – 2024

14.2.13.2    Germany market by core, 2013 – 2024

14.2.13.3    Germany market by product, 2013 – 2024

14.2.13.4    Germany market by winding, 2013 – 2024

14.2.13.5    Germany market by installation, 2013 – 2024

14.2.13.6    Germany market by mode of cooling, 2013 – 2024

14.2.13.7    Germany market by phase, 2013 – 2024

14.2.13.8    Germany market by mounting, 2013 – 2024

14.2.13.9    Germany market by rating, 2013 – 2024

14.2.13.10  Germany market by substation connectivity, 2013 – 2024

14.2.13.11  Germany market by application, 2013 – 2024

14.2.14   France

14.2.14.1    France market, 2013 – 2024

14.2.14.2    France market by core, 2013 – 2024

14.2.14.3    France market by product, 2013 – 2024

14.2.14.4    France market by winding, 2013 – 2024

14.2.14.5    France market by installation, 2013 – 2024

14.2.14.6    France market by mode of cooling, 2013 – 2024

14.2.14.7    France market by phase, 2013 – 2024

14.2.14.8    France market by mounting, 2013 – 2024

14.2.14.9    France market by rating, 2013 – 2024

14.2.14.10  France market by substation connectivity, 2013 – 2024

14.2.14.11  France market by application, 2013 – 2024

14.2.15   Italy

14.2.15.1    Italy market, 2013 – 2024

14.2.15.2    Italy market by core, 2013 – 2024

14.2.15.3    Italy market by product, 2013 – 2024

14.2.15.4    Italy market by winding, 2013 – 2024

14.2.15.5    Italy market by installation, 2013 – 2024

14.2.15.6    Italy market by mode of cooling, 2013 – 2024

14.2.15.7    Italy market by phase, 2013 – 2024

14.2.15.8    Italy market by mounting, 2013 – 2024

14.2.15.9    Italy market by rating, 2013 – 2024

14.2.15.10  Italy market by substation connectivity, 2013 – 2024

14.2.15.11  Italy market by application, 2013 – 2024

14.2.16   Austria

14.2.16.1    Austria market, 2013 – 2024

14.2.16.2    Austria market by core, 2013 – 2024

14.2.16.3    Austria market by product, 2013 – 2024

14.2.16.4    Austria market by winding, 2013 – 2024

14.2.16.5    Austria market by installation, 2013 – 2024

14.2.16.6    Austria market by mode of cooling, 2013 – 2024

14.2.16.7    Austria market by phase, 2013 – 2024

14.2.16.8    Austria market by mounting, 2013 – 2024

14.2.16.9    Austria market by rating, 2013 – 2024

14.2.16.10  Austria market by substation connectivity, 2013 – 2024

14.2.16.11  Austria market by application, 2013 – 2024

14.2.17   Spain

14.2.17.1    Spain market, 2013 – 2024

14.2.17.2    Spain market by core, 2013 – 2024

14.2.17.3    Spain market by product, 2013 – 2024

14.2.17.4    Spain market by winding, 2013 – 2024

14.2.17.5    Spain market by installation, 2013 – 2024

14.2.17.6    Spain market by mode of cooling, 2013 – 2024

14.2.17.7    Spain market by phase, 2013 – 2024

14.2.17.8    Spain market by mounting, 2013 – 2024

14.2.17.9    Spain market by rating, 2013 – 2024

14.2.17.10  Spain market by substation connectivity, 2013 – 2024

14.2.17.11  Spain market by application, 2013 – 2024

14.2.18   Netherlands

14.2.18.1    Netherlands market, 2013 – 2024

14.2.18.2    Netherlands market by core, 2013 – 2024

14.2.18.3    Netherlands market by product, 2013 – 2024

14.2.18.4    Netherlands market by winding, 2013 – 2024

14.2.18.5    Netherlands market by installation, 2013 – 2024

14.2.18.6    Netherlands market by mode of cooling, 2013 – 2024

14.2.18.7    Netherlands market by phase, 2013 – 2024

14.2.18.8    Netherlands market by mounting, 2013 – 2024

14.2.18.9    Netherlands market by rating, 2013 – 2024

14.2.18.10  Netherlands market by substation connectivity, 2013 – 2024

14.2.18.11  Netherlands market by application, 2013 – 2024

14.2.19   Denmark

14.2.19.1    Denmark market, 2013 – 2024

14.2.19.2    Denmark market by core, 2013 – 2024

14.2.19.3    Denmark market by product, 2013 – 2024

14.2.19.4    Denmark market by winding, 2013 – 2024

14.2.19.5    Denmark market by installation, 2013 – 2024

14.2.19.6    Denmark market by mode of cooling, 2013 – 2024

14.2.19.7    Denmark market by phase, 2013 – 2024

14.2.19.8    Denmark market by mounting, 2013 – 2024

14.2.19.9    Denmark market by rating, 2013 – 2024

14.2.19.10  Denmark market by substation connectivity, 2013 – 2024

14.2.19.11  Denmark market by application, 2013 – 2024

14.2.20   Finland

14.2.20.1    Finland market, 2013 – 2024

14.2.20.2    Finland market by core, 2013 – 2024

14.2.20.3    Finland market by product, 2013 – 2024

14.2.20.4    Finland market by winding, 2013 – 2024

14.2.20.5    Finland market by installation, 2013 – 2024

14.2.20.6    Finland market by mode of cooling, 2013 – 2024

14.2.20.7    Finland market by phase, 2013 – 2024

14.2.20.8    Finland market by mounting, 2013 – 2024

14.2.20.9    Finland market by rating, 2013 – 2024

14.2.

Oil Filled Transformer Market, By Core

Development of HVDC networks to meet the constantly increasing electricity demand will drive the shell oil filled transformer industry. Extensive application of shell transformers across higher power ratings and higher voltages will in turn boost the product adoption. These transformers are designed with inherently better kVA to weight ratio, higher immunity to transit damage and better short circuit strength characteristics.

Oil Filled Transformer Market, By Product

Rising need for an efficient transmission system to ensure reliable power supply will fuel the oil filled power transformers market. Positive inclination toward the expansion of high voltage lines to cater the surging electricity demand across developed economies along with rapid installation of utility based HVDC infrastructure will further propel the industry landscape.

Oil Filled Transformer Market, By Winding

Auto oil filled transformer industry is set to grow over 5.5% by 2024. Utilization of single winding per phase along with lesser current requirement will enhance the product penetration. Improved efficiency, compact structure, and cost-effectiveness of these units in comparison to their existing counterparts will further stimulate the industry growth.

Oil Filled Transformer Market, By Installation

Outdoor oil filled transformers will witness growth on account of its ability to operate at high voltage application areas. Optimum cooling strength along with elimination of concerns pertaining to fire hazards will boost the deployment of outdoor transformers.

Oil filled Transformer Market, By Modes of Cooling

Oil Natural Air Natural (ONAN) oil filled transformer market will grow on account of its extensive application in low rating transformers. The ONAN mode of cooling employs natural convection process for cooling the oil by the circulation of natural air.

Oil Filled Transformer Market, By Phase

Favorable regulatory policies for the upgradation of small-scale industrial sector across developing economies will boost the adoption of three-phase transformers. Capability of three phase transformers to operate smoothly over voltages transmitted over long distances along with their economic feasibility will further stimulate the product adoption.

Oil Filled Transformer Market, By Mounting

Expansion of rail & road networks in developed regions along with massive investments across the transportation sector will appreciably enhance the deployment of pad mounted oil filled transformers. Rising infrastructural investments across electricity markets coupled with rapid expansion of utility aided distribution networks will further fuel the product adoption.

Oil Filled Transformer Market, By Rating

<5 MVA oil immersed transformers will grow on account of rapidly increasing electricity demand across residential & commercial establishments. Increasing demand for the designing of compact and energy efficient transformers across primary and secondary distribution networks will further augment the industry landscape.

Oil Filled Transformer Market, By Substation Connectivity

Ongoing expansion of high voltage grid infrastructure across utilities to fulfil the ever-rising electricity demand will augment the transmission oil filled transformers market. Increasing government measures to mitigate the risk of widespread blackouts will further promote the deployment of smart transformers in distribution lines.

Oil Filled Transformer Market, By Application

Utility oil filled transformers market is predicted to expand over 5% by 2024. Increasing R&D expenditure toward the refurbishment of grid infrastructure along with massive fund allocation by regulatory authorities for the expansion of grid networks will boost the industry landscape.

ABB, General Electric, Siemens, LSIS Co., Eaton Corporation, Celme, Ormazabal, Schneider Electric, Elsewedy Electric and Toshiba Corporation.

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