Home > Energy & Power > Electrical Equipment > Transformers > Oil Filled Transformer Market
Oil Filled Transformer Market Size
- Report ID: GMI2951
- Published Date: Dec 2022
- Report Format: PDF
Oil Filled Transformer Market Size
Oil Filled Transformer Market size exceeded USD 37 billion in 2022 and is projected to grow at more than 6.5% CAGR from 2023 to 2032. This is a result of the large-scale expansion of transmission networks to cater to the increasing electricity demand across off-grid areas. The market growth is also driven by broad applicability in the distribution of electricity across the globe.
Factors such as rapid industrialization and the growing demand for renewable energy sources is further accelerating the industry forecast. Upgradation of old electricity grids and rising focus on the development of modern networks in developing economies will create multiple prospects for leading industry players. Global instrument transformers industry is likely to cross USD 7 Billion by 2030.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Oil Filled Transformer Market Size in 2022: | 37.8 Billion (USD) |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 6.8% |
| 2032 Value Projection: | 73.7 Billion (USD) |
| Historical Data for: | 2019 to 2022 |
| No. of Pages: | 750 |
| Tables, Charts & Figures: | 1,790 |
| Segments covered: | Core, Product, Winding, Modes of Cooling, Mounting, Rating, Substation Connectivity, Application |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Oil Filled Transformer Market Scope
