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Oil Filled Distribution Transformer Market Size By Core (Closed, Shell, Berry), By Winding (Two Winding, Auto Transformer), By Rating (≤ 250 kVA, > 250 kVA to ≤ 1 MVA, > 1 MVA), By Mounting (Pad, Pole), Application & Global Forecast, 2023 – 2032

  • Report ID: GMI5650
  • Published Date: May 2023
  • Report Format: PDF

Oil Filled Distribution Transformer Market Size

Oil Filled Distribution Transformer Market size was valued at USD 19.2 billion in 2022 and is anticipated to showcase around 7.8% CAGR from 2023 to 2032. Distribution transformers with oil-filled windings and magnetic circuits have high electrical insulating qualities that prevent current from passing through the oil and effectively remove heat from the core and windings. The continued investments made in utility-based businesses to provide the demand for electricity will encourage product adoption.

Oil Filled Distribution Transformer Market

The electrical industry in the area has a variety of opportunities since it varies in terms of network features, client base, size and number of operational areas, and ownership structure. The oil filled distribution transformer market will continue to be driven by the rising demand for the incorporation of distributed energy and renewable energy technologies. The deployment of modern electrical equipment and the growing installation of low, medium, and high voltage cables will also have a favourable impact on the business environment by reducing line losses and enabling interstate power transfer.


The power sector being the necessity and backbone for an economy will have minimal impact of ongoing pandemic. The countries are focusing on over-compensating the impacts of COVID- 19 by advancing the operations as the opportunity arises, in turn, resulting in gradual market growth. The companies have adopted resourceful methods to meet their production needs. Government effort to increase the investments toward the construction of renewable power projects will propel the industry scenario.


Oil Filled Distribution Transformer Market Trends

The industry is primarily driven by the modernization and revamping of the existing grid infrastructure. The U.S. Department of Energy defines the electrical grid to comprise an ecosystem of manufacturers, asset owners, federal, state, and local government entities, and service providers. The Office of Electricity Delivery & Energy Reliability (OE) has been working with private & public partners to strengthen, improve, and transform their energy infrastructure to ensure access to secure, clean, and reliable energy resources. Henceforth, the ongoing inclinations toward the enhancement of the existing grid infrastructure across the region.

Oil Filled Distribution Transformer Market Analysis

Oil Filled Distribution Transformer Market Size, By Core

Owing to increased efficiency and a more affordable pricing structure as compared to the more traditional closed core devices, shell core transformers have recently experienced a noticeable increase in oil filled distribution transformer market penetration. Shell core transformers are distinguished by superior kVA-to-weight ratios, better short-circuit strength characteristics, and greater resistance to transit damage. Additionally, the versatility of high-end products combined with the incorporation of smart monitoring units have increased product demand.

Two-winding units have gained a significant penetration across traditional electrical networks. However, the introduction of advanced transformer technologies has considerably impeded the product adoption. In addition, the growing technological maturity and rapid functional enhancements may further restrain the product adoption in the future. However, the product still holds an appreciable industry penetration on account of its extensive applicability for large power levels.

Oil Filled Distribution Transformer Market  Revenue Share, By Rating

The > 250 kVA to ≤ 1 MVA rated transformers have witnessed a significant turnaround in the recent years, due to the enlarging commercial & industrial sector. The rising demand for manufactured goods along with flexible product operations across the secondary & primary distribution networks will stimulate the oil filled distribution transformer market expansion. Operational safety and energy efficiency compliance are projected to considerably escalate the business landscape. The ongoing research pertaining to the development of sustainable units along with stringent manufacturing norms across the region.

Pole-mounted transformers are defined as units that are mounted on an electrical service pole made of concrete or wood and are generally at the level of the overhead cables. Ease of installation on single pole structures & compact size will strengthen the oil filled distribution transformer market size, thereby minimizing vandalism and reducing the risk of injury to animals. These transformers have gained considerable market penetration owing to their ability to service rural and urban residential & commercial loads.

Rising focus on the adoption of wide-ranging frequency distribution links coupled with the growing concerns for energy-efficiency will augment the industrial based oil filled distribution transformer market size. The rising demand for medium-high voltage networks will further boost the industry demand. Increasing investments by private and governmental organizations in the developing countries for electrification programs will further complement the industry outlook.

Asia Pacific Oil Filled Distribution Transformer Market

The Asia Pacific oil filled distribution transformer market will witness an annual installation of over 5 million units by 2032. Surging electricity demand coupled with rising measures toward the expansion of grid networks will augment the market growth. Countries including China and India are considered as potential markets as they continue to modernize and expand their existing power capacities and infrastructure. Growing concerns about grid safety and reliability along with government aid to establish sustainable networks will further complement the industry size. The United States oil filled distribution transformer market is projected to cross USD 4 billion by 2027.

Oil Filled Distribution Transformer Market Share

Some of the key participants operating across the oil filled distribution transformer market are:

  • Hitachi ABB Power Grids
  • Siemens
  • General Electric
  • Toshiba Corporation
  • Hyosung Heavy Industries
  • ERMCO,
  • Schneider Electric
  • Eaton.

Leading companies are focusing toward collaboration, new agreements and joint ventures. Furthermore, rapid modernization of power grid including smart grid development, advanced technologies and grid energy storage will drive the business growth.

Oil Filled Distribution Transformer Industry News

  • In October 2021, General Electric and Prolec GE joint venture with 50-50 partnership and Xignux private sector company stated as world’s first flexible power transformer. The grid parts are more important than the transformers which boosts the voltage of power plant over high voltage wires. The energy department in U.S. office provides funding for the project to activate the device and justify the performance.
  • In November 2022, Elsewedy Electric inaugurated phase two industrial complex transformer factory. The company offers regional manufacturing and exporting of wires, insulators, cables, meters, logistics centre and transformers. The complex signifies the strategy of sustainable investment in Africa & Tanzania by which it will produce solutions and equipment. It is necessary for the Tanzania to formulate industrialization strategy in 2025.

This oil filled distribution transformer market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2019 to 2032, for the following segments:

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Market By, Core (2019-2032)

  • Closed
  • Shell
  • Berry

Market By, Winding (2019-2032)

  • Two Winding
  • Auto Transformer

Market By, Rating (2019-2032)

  • ≤ 250 kVA
  • > 250 kVA to ≤ 1 MVA
  • > 1 MVA

Market By, Mounting (2019-2032)

  • Pad
  • Pole
  • Others

Market By, Application (2019-2032)

  • Residential
  • Commercial & Industrial
  • Utility

The above information has been provided for the following regions and country:

  • North America
    • U.S
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Russia
    • UK
    • Italy
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • Egypt
    • South Africa
  • Latin America
    • Brazil
    • Peru
    • Argentina


Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of oil filled distribution transformer was worth over USD 19 billion in 2022 and will reach USD 41.3 billion by 2032, due to the rising need for effectively removing heat from core and windings.

The industry size for oil filled distribution transformer in the Asia Pacific will exceed 5 million units in annual installation by 2032, owing to the rising measures toward the expansion of grid networks.

> 250 kVA to ? 1 MVA oil filled distribution transformer industry will gain traction through 2032, driven by the rapidly expanding commercial & industrial sector worldwide.

Some of the major companies include Hitachi ABB Power Grids, Siemens, General Electric, Toshiba Corporation, Hyosung Heavy Industries, ERMCO, Schneider Electric, and Eaton.

Oil Filled Distribution Transformer Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 8
  • Tables & Figures: 1044
  • Countries covered: 22
  • Pages: 550
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