Global Liquid-Immersed Transformers Market to grow at a CAGR of 4.87% during the period 2017-2021

Market Research analysts forecast the global liquid-immersed transformers market to grow at a CAGR of 4.87% during the period 2017-2021.

The following companies as the key players in the global liquid-immersed transformers market: ABB, CG, GE, Schneider Electric, and Siemens.

Other Prominent Vendors in the market are: Altrafo Transformers, CELME, CNC Group, China XD Group, Dandong Xintai Electric, EREMU, Elsewedy Electric, ELTAS Transformator Sanayi ve Ticaret, Fuji Electric, Hyosung Power & Industrial Systems Performance Group, Hyundai Heavy Industries, Hitachi Industrial Equipment Systems , IMEFY, ISMET, J. Schneider Elektrotechnik, KITASHIBA ELECTRIC, Layer Electronics, LSIS, Lemi Trafo JSC, Mace, Mitsubishi Electric, METTZ Group, Ormazabal, Ruhstrat, SPX Transformer Solutions, Tebian Electric Apparatus Stock, Toshiba, YangZhou Power Electric.

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Commenting on the report, an analyst from Reports team said: “several transformer manufacturers have started to design and manufacture environment-friendly products based on customer demand for the same. Customers need transformers that are negligibly hazardous to the environment and at the same time offer improved life cycle costs along with minimal maintenance requirements and enhanced service lifetime.

According to the report, the increase in installation activities regarding new transformers and the replacement of old transformers with new ones are influencing the growth of the global liquid-immersed transformer market. Many T&D infrastructure globally needs renovation, mainly because existing networks are unable to meet the demand for power. Also, there is a need to replace the old systems with new ones as well as a need to expand the existing infrastructure.

Further, the report states that with gradual use over a period, the insulating oil within a transformer starts deteriorating. The major reason behind this phenomenon is the ingress of moisture into the oil. The most common type of transformer failure happens due to the breakdown of the insulating oil caused by moisture.

About Liquid-Immersed Transformers

Electrical transformers are devices that convert electricity from one voltage to another for T&D purposes. Transformers need an insulating medium to keep the temperature of the core windings in check as well as act as an arc-quenching medium. Oil is the most widely used type of insulating medium. Transformer oil is used as an insulation and arc-quenching medium in power and distribution transformers. Windings use cellulose insulation that has a strong affinity for oxygen and is immersed in transformer oil to prevent oxidation. Transformer oil is produced by the fractional distillation and subsequent processing of crude oil. It also finds application in circuit breakers and switchgears, which are traditional and use oil as the arc-quenching fluid. The global demand for renovation and expansion of the T&D network is on the rise, mostly triggered by the growing demand for electric power from almost every type of end-user, namely residential, commercial, and industrial sectors.

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Covered in this report 

The report covers the present scenario and the growth prospects of the global liquid-immersed transformers market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of liquid immersed transformers required for transmission and distribution.

The market is divided into the following segments based on geography: 
Americas
APAC
EMEA

Global Liquid-Immersed Transformers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors
ABB
CG
GE
Schneider Electric
Siemens

Other prominent vendors 
Altrafo Transformers
CELME
CNC Group
China XD Group
Dandong Xintai Electric
EREMU
Elsewedy Electric
ELTAS Transformator Sanayi ve Ticaret
Fuji Electric
Hyosung Power & Industrial Systems Performance Group
Hyundai Heavy Industries
Hitachi Industrial Equipment Systems
IMEFY
ISMET
J. Schneider Elektrotechnik
KITASHIBA ELECTRIC
Layer Electronics
LSIS
Lemi Trafo JSC
Mace
Mitsubishi Electric
METTZ Group
Ormazabal
Ruhstrat
SPX Transformer Solutions
Tebian Electric Apparatus Stock
Toshiba
YangZhou Power Electric

Market driver 
T&D expansion leading to increase in transformer installations
For a full, detailed list, view our report 

Market challenge 
Deterioration of transformer oil due to moisture ingress
For a full, detailed list, view our report 

Market trend 
Environmentally friendly and more fire-resistant insulating liquids
For a full, detailed list, view our report 

Key questions answered in this report 
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors? 

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Source: https://marketreportscenter.com/reports/507623/global-liquid-immersed-transformers-market-2017-2021