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Oil Filled Distribution Transformer Market Share

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

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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.

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.