About Liquid-Immersed Transformers
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.
Technavio’s analysts forecast the global liquid-immersed transformers market to grow at a CAGR of 4.87% during the period 2017-2021.
Covered in this report
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.
The market is divided into the following segments based on geography:
Press Release
Technavio Announces the Publication of its Research Report – Global Liquid-immersed Transformers Market 2017-2021
Technavio recognizes the following companies as the key players in the global liquid-immersed transformers market: ABB, CG, GE, Schneider Electric, and Siemens.
Other Prominent Vendors in the market are: 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, LSIS, Lemi Trafo JSC, Mace, Mitsubishi Electric, METTZ Group, Ormazabal, Ruhstrat, SPX Transformer Solutions, Tebian Electric Apparatus Stock, Toshiba, YangZhou Power Electric.
Commenting on the report, an analyst from Technavio’s team said: “several transformer manufacturers have started to design and manufacture environment-friendly products based on customer demand for the same. Customers need transformers that are negligibly hazardous to the environment and at the same time offer improved life cycle costs along with minimal maintenance requirements and enhanced service lifetime.”
According to the report, the increase in installation activities regarding new transformers and the replacement of old transformers with new ones are influencing the growth of the global liquid-immersed transformer market. Many T&D infrastructure globally needs renovation, mainly because existing networks are unable to meet the demand for power. Also, there is a need to replace the old systems with new ones as well as a need to expand the existing infrastructure.
Further, the report states that with gradual use over a period, the insulating oil within a transformer starts deteriorating. The major reason behind this phenomenon is the ingress of moisture into the oil. The most common type of transformer failure happens due to the breakdown of the insulating oil caused by moisture.
Companies Mentioned
ABB, CG, GE, Schneider Electric, Siemens, 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, LSIS, Lemi Trafo JSC, Mace, Mitsubishi Electric, METTZ Group, Ormazabal, Ruhstrat, SPX Transformer Solutions, Tebian Electric Apparatus Stock, Toshiba, YangZhou Power Electric.
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