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Oil Filled Distribution Transformer Market Trends

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

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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.

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.