Oil Filled Transformer Market forecast
The 2018-2024 report on global Oil Filled Transformer market explores the essential factors of Oil Filled Transformer industry covering current scenario, market demand information, coverage of active companies and segmentation forecasts.
Oil filled transformer market across the U.S. is projected to grow over 4% by 2024. Ongoing technological advancement for the establishment of reliable grid support infrastructure in line with increasing government investments for the development of cross border transmission infrastructure will fuel the industry growth. Closed core units will witness growth owing to its vast applicability across low and medium voltage electricity infrastructure. Properties including reduced iron losses, flux leakage and effectual mechanical strength will significantly fuel the product adoption.
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Oil Filled Transformer Market is anticipated to surpass USD 45 billion by 2024. Increasing expenditure pertaining to the development of grid networks along with positive government initiatives for the revamping of existing electrical infrastructure will drive the oil filled transformer market. The Federal Energy Regulatory Commission in 2015, stated that it has tripled the expenditures on transmission to USD 15 billion as compared to its fund flow in 2006. Significant increase in the electricity demand owing to ongoing commercialization and industrialization will further complement the industry landscape.
Single-phase transformers will witness significant growth on account of favorable government measures including incentivization policies and feed in tariffs (FITs) toward the establishment of renewable energy infrastructure. Deployment of energy efficient transformer units across small scale industries in the developing countries will further stimulate the oil filled transformer market.
Development of rail and road networks in developed regions in line with massive fund allocations across the transportation industry will augment the installation of pad mounted units. Rising infrastructural fund flow across electricity markets along with enhanced government efforts to overcome power deficit will further fuel the oil filled transformer market.
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Surging demand for electricity from constantly increasing population along with positive regulatory coalition toward rural electrification will enhance the oil filled transformer market share across Middle East & Africa. In 2014, the West African Government, introduced the National Electrification Scheme with a target to increase the penetration rate of electricity by 80% by the year 2020.
5 to 10 MVA rating transformers will grow on account of extensive industrial & commercial development. Rapid installation of these units across MV applications will further fuel the global oil filled transformer market.
Table of Content:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Global Oil Filled Transformer Industry Insights
Chapter 4 Global Oil Filled Transformer Market, By Core
Chapter 5 Global Oil Filled Transformer Market, By Product
Chapter 6 Global Oil Filled Transformer Market, By Winding
Chapter 7 Global Oil Filled Transformer Market, By Installation
Chapter 8 Global Oil Filled Transformer Market, By Modes of Cooling
Chapter 9 Global Oil Filled Transformer Market, By Phase
Chapter 10 Global Oil Filled Transformer Market, By Mounting
Chapter 11 Global Oil Filled Transformer Market, By Rating
Chapter 12 Global Oil Filled Transformer Market, By Substation Connectivity
Chapter 13 Global Oil Filled Transformer Market, By Application
Chapter 14 Global Oil Filled Transformer Market, By Region
Chapter 15 Company Profiles
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Global Oil Filled Transformer Market Growth 2018-2023
Oil filled transformer has circuit interrupter disposed within the transformer housing and utilizes a bridging contact movable between an open position spaced from a pair of stationary contacts, and a closed position engaging the stationary contacts, to complete a series circuit through the transformer to a low voltage terminal located on the transformer housing.
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