Liquid-immersed Transformers Market is Growing Exponentially in Order to Gain More Demand by 2025
Asia Pacific is expected to remain the most dominating regional segment, primarily owing to the large scale requirements, and the presence of the largest consumer base. Technological advancements that can enhance the functioning of these equipment by several decimal units will find increased consumer inclinations owing to the energy efficiency that can be achieved owing to large scale power requirements.
Increasing demands for electrical energy and proliferating energy generating capacities of renewable sources are expected to fuel the industry growth
According to International Energy Outlook 2016, by U.S. Energy Information Administration, world energy consumption is expected to witness surge of over 48% by 2040, with China and India accounting the major share of the increased demands. Moreover, increasing reliance on renewable fuels that include solar, wind, hydroelectric, and geothermal are among the major forms of energy to for on grid installations are expected to attract major demand. Requirement to step-up the voltage and transmit the electrical energy over the long distance range is expected to be the primary growth factor over the forecast period. Moreover, increasing kWh demands in conjunction with the increasing costs of space, specifically in the urban areas, will present substantial growth prospects for the liquid-immersed transformers market.
Request for Table of Content of this Report :
Better performance characteristics such as long life cycles, low noises and smaller sizes are expected to garner higher consumer inclination
Most commonly used alternative products used in the all the major applications includes dry-type and pad-mounted transformers. However, other than low cost of the dry type alternatives, liquid immersed transformers are featured with longer operating lifecycles, minimal or no annual maintenance time and costs, no outages over its lifecycles, and enhanced safety against fire hazards. Increased power capacities also result in significant decline in the overall capital expenditure, owing to the economies of scale. Moreover, capability of the equipment to repairable is among the chief advantageous factors which has led to increased applications specifically at power generation end.
Transformer oil is the most widely used form of insulating medium owing to its low affinity towards oxidation
Windings are insulated with cellulose which has substantial affinity to oxygen. When immersed in oil, the exposure to air is cut off. Moreover, it has been the most conventional form of fluid that has been used in these applications for arc quenching, in conjunction with other switchgears and circuit breakers. However, in order to reduce the environmental impacts and the carbon footprint, several other ecofriendly biodegradable substitutes have started gaining momentum in the industry applications. In conjunction with minimal environmental impacts, these offer enhanced life cycle and considerably reduce the maintenance requirements, in turn leading to increased inclination of the users and manufacturers.
Key liquid-immersed transformers market participants include CG, ABB, Schneider Electric, GE, and Siemens. Industry presence is characterized by the presence of several regional participants competing in their specific region with the international players. Since pricing is the chief perspective in the transmission and distribution segment, regional players are expected to present significant challenge to the international players. Some other vendors in the industry include Altrafo Transformers, CNC Group, CELME, Dandong Xintai Electric, China XD Group EREMU, and Elsewedy Electric.
Request for Table of Content of this Report :
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies and potential absolute dollar opportunity.
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
Email: [email protected]
Visit our news Website: http://www.coherentchronicle.com
You may be interested
Closed MRI Systems Market – Latest Advancements & Market Outlook 2018 to 2026Pareesh Phulkar - May 21, 2018
Magnetic resonance imaging (MRI) is a non-invasive medical test that uses powerful magnetic field, radio waves, and a computer to produce detailed virtual image of internal organs…
Rising number of surgical procedures coupled with increasing trauma cases to foster global hemostasis & tissue sealing agents marketAlbert R - May 19, 2018
Hemostasis is a physiological processes, which maintains fluidity of blood by preventing blood loss from body. Hemostasis is characterized by clot formation by activating the natural coagulation…
Synovial Sarcoma Treatment Market Regional InsightsAlbert R - May 19, 2018
Synovial sarcoma consists of abnormal growth of soft-tissue. Synovial sarcoma is a rare type of cancer and is more prevalent in teenagers and young adults. Synovial sarcoma…