Selbyville, Delaware, June 1, 2021 (GLOBE NEWSWIRE) –
the North America Oil Filled Transformers Market The value is expected to exceed USD 10 billion by 2027, as reported in the latest study by Global Market Insights, Inc. due to increased spending for modernizing power infrastructure and increasing power consumption. ‘energy. Government regulations aimed at establishing renewable grids as well as the ongoing renovation of aging grid infrastructure will enrich the industry landscape. The expansion of road and rail networks mainly in emerging countries, combined with significant investments in the transport sector, should fuel demand for products.
The Berry-based oil-filled transformer segment of the North American industry will gain significant momentum due to its increasing applicability in mobile transformer applications and temporary electrical establishments. Favorable trends for the expansion of micro-grid networks, coupled with the rapid expansion of renewable utility-based infrastructure, will improve the business landscape.
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The COVID-19 pandemic has had minimal impact on the industry’s overall growth. During this outbreak, energy infrastructure operations and maintenance were operational, followed by no state government bans on building renewable energy projects. However, the increasing demand for electricity in the healthcare sector is expected to improve the installation of the product.
Here are some of the key findings of the North America Oil Filled Transformers Market report:
- The oil-filled transformer industry in North America is growing rapidly due to its applicability in the industrial, commercial and utility sectors.
- The growing deployment of smart grid technology, coupled with rising infrastructure spending, is expected to favor the oil-filled two-winding transformer industry.
- The main players in the North American market are Hitachi ABB Power Grids, General Electric, WEG and Siemens.
- Ongoing investments in utility facilities to meet rural and urban population demand for electricity will promote the business scenario.
Browse key industry insights spread over 230 pages with 301 market data tables and 35 report figures and charts, “North America Oil Filled Transformers Market Statistics by Core (Closed, Shell, Bay), Products (Distribution Transformer, Power Transformer, Instrument Transformer), Winding (Two Windings, Automatic Transformer), Installation ( outdoor, indoor), cooling modes (oil) Natural Air Natural (ONAN), Oil Natural Water Forced (ONWF), Oil Natural Air Forced (ONAF)), Phase (Three, Single), Montage (Pad, Pole, Foundation) , Rating ( 10 MVA), Substation Connectivity (Distribution, Transmission), Application (Residential & Commercial, Utility, Industrial), Industry Analysis Report, Country Outlook, Application Potential, Covid Impact Analysis- 19, Competitive Market Size and Forecast, 2021 – 2027»In detail with the table of contents:
The ONAN segment of the cooling mode of the North American oil-filled transformer market will gain significant momentum due to its applicability in transformers up to 30 MVA. These are typically used for distribution type transformers with comparatively low ratings and deployed on traditional power grids. In addition, the increased demand for electricity in the commercial and industrial sector will have a positive impact on the commercial landscape.
The pole-mounted transformer segment has grown in proliferation due to increased investment in infrastructure and the robust expansion of utility-assisted distribution networks. Easy installation on single pole structures and reasonably compact size will increase product adoption. Grid upgrade projects undertaken by governments as well as increasing investments in the development of new grids to optimize energy consumption will accelerate the potential of the industry.
The Mexican market for oil-filled transformers is expected to experience a CAGR above 5% through 2027. The growing demand for low and medium voltage grids in residential and commercial establishments will accelerate the demand for the products. The growing population, along with the shift in consumer orientation towards safe, reliable and efficient power grids, will propel the outlook for the industry.
Consult the table of contents of this report @ https://www.gminsights.com/toc/detail/north-america-oil-filled-transformer-market
Browse the related report:
Oil Filled Transformers Market Statistics By core (closed, shell, bay), product (distribution transformer, power transformer, instrument transformer, others), winding (two windings, automatic transformer), installation (exterior, interior), cooling modes (natural oil natural air (ONAN), natural oil with forced water (ONWF), natural oil with forced air (ONAF), others), phase (three-phase, single-phase), assembly (cushion, post, foundation, others), dimension ( 10 MVA), Substation Connectivity (Distribution, Transmission), Application (Residential & Commercial, Utility, Industrial), Industry Analysis Report, Regional Outlook, Covid-19 Impact Analysis, Application Potential , competitive market share and forecast to 2024
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and consulting services, offering syndicated and personalized research reports as well as consulting services. growing. Our business intelligence and industry research reports provide clients with insightful insights and actionable market data specially designed and presented to aid strategic decision making. These comprehensive reports are designed using proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.