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U.S. Oil Filled Distribution Transformer Market Trends

  • Report ID: GMI5067
  • Published Date: Jul 2023
  • Report Format: PDF

U.S. Oil Filled Distribution Transformer Market Trends

The distribution transformer market saw ongoing consolidation, with larger companies acquiring smaller ones to expand their product portfolios and global presence. Additionally, advancements in materials, design, and manufacturing processes were improving transformer efficiency and reducing losses. The integration of renewable energy sources, such as solar and wind power, into the grid requires efficient distribution transformers to convert and distribute the electricity generated. Oil-filled distribution transformers help to connect renewable energy sources to the grid and manage the variable power output. Many power distribution systems worldwide are aging and in need of upgrades.
 

As part of modernization efforts, utilities and governments invest in replacing older distribution transformers with more efficient and technologically advanced models to improve overall system reliability and reduce losses. The growth of industries and infrastructure projects in emerging economies is driving the demand for electrical equipment, including distribution transformers. Oil-filled distribution transformers are widely used in industrial applications to power machinery and equipment. The adoption of smart grid technologies requires advanced distribution transformers with monitoring and communication capabilities. Smart transformers enable utilities to monitor and control power flows in real-time, improving grid efficiency and reducing operational costs.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size for oil filled distribution transformer in U.S. reached USD 4.8 billion in 2023 and is set to expand at a CAGR of 7.4% through 2032, owing to the growing adoption of renewable energy sources.

The shell core segment accounted for a majority market value of over USD 1.5 billion in 2022. The push for energy efficiency and sustainability has led to a growing demand for energy-efficient shell core distribution transformers.

The utility segment held a market share of over 45% in 2022 as utility-scale oil-filled distribution transformers play a critical role in integrating renewable energy sources, such as solar and wind power, into the grid.

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

U.S. Oil Filled Distribution Transformer Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 60
  • Countries covered: 1
  • Pages: 50
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