U.S. Oil Filled Distribution Transformer Market size to exceed $4bn by 2027
Published Date: June 22, 2021 Authors: Ankit Gupta, Riya Gupta
U.S. Oil Filled Distribution Transformer Market size is projected to surpass USD 4 Billion by 2027, as reported in the latest study by Global Market Insights, Inc.
U.S. oil filled distribution transformer industry share is projected to observe substantial growth on account of expansion of transmission capacity & flexibility and integration advanced IoT based systems. Increasing concern toward limiting GHG emissions along with stringent energy-efficiency norms will institute a favourable industry scenario. In addition, the paradigm shift toward infrastructural development together with rising investments from public & private entities to sustain the programs and regulatory initiatives will fuel the business potential.
Growing deployment of renewable energy will drive the industry dynamic
Increasing proportion of renewable energy sources along with expansion of micro-grid networks will augment the U.S. oil filled distribution transformer market statistics. Surging regulatory focus toward the establishment of a sustainable energy mix coupled with implementation of favorable policies including incentives, feed-in tariffs and leveraging schemes will foster the business potential. Upgradation of power networks in line with positive outlook to access energy from clean generation installations with an aim to minimize the dependency on conventional generation sources will stimulate the product demand.
Browse key industry insights spread across 100 pages with 71 market data tables & 27 figures & charts from the report, “U.S. Oil Filled Distribution Transformer Market Forecasts By Core (Closed, Shell, Berry), Winding (Two Winding, Auto Transformer), Phase (Three, Single), Rating (≤ 250 kVA, > 250 kVA to ≤ 1 MVA, > 1 MVA), Mounting (Pad, Pole), Application (Residential & Commercial, Utility, Industrial), Industry Analysis Report, Country Outlook, Application Potential, Competitive Market Size & Forecast, 2021 – 2027” in detail along with the table of contents:
Economical cost structure and high efficiency will positively sway the shell core transformers demand
Shell core segment of U.S. oil filled distribution transformer market is projected to register over 3% CAGR through 2027. Improved efficiencies and economical cost structure when compared to its available counterparts will fuel the product demand. These units are characterized to have high short-circuit strength characteristics, improved kVA-to-weight ratio and higher immunity to transit damage, accelerating the business landscape.
Strategic collaborations along with ongoing joint ventures among the market participants will stimulate the industry potential
Increasing concerns pertaining to energy security coupled with exponentially rising energy consumption will boost the single-phase segment of U.S. oil filled distribution transformer market. Wide scale utilization of product across light commercial and residential areas for stepping down power will augment the business landscape. The product offers key advantages including affordable cost, low maintenance and less electrical demand, stimulating the product demand.
Expansion of medium route transmission networks will augment the > 1 MVA rated oil filled distribution transformer
> 1 MVA rated transformers are anticipated to grow on account of ongoing expansion of medium voltage distributed networks for reliable & safe electrical supply across the country. Increasing deployment of these units at generating stations and electrical substations for converting electrical power to power distribution will further drive the industry statistics. Despite of pandemic impact, major sustainable powered projects were installed as per the defined timeline and have not observed any delay. Widespread deployment of these units to provide voltage at the consumer terminals has geared up manufacturing facilities to meet the growing demand.
Leading participants in the U.S. oil filled distribution transformer market includes General Electric, Hitachi ABB Power Grids, Siemens, Toshiba Corporation, ERMCO, Eaton Corporation, Schneider Electric, Hyosung, Northern Transformer Corporation, DOS Canada, L/C Magnetics, American Electric Components and MGM Transformer Company.