Market Overview:
The global liquid-filled power transformer market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electricity and rising investments in renewable energy sources. In addition, the growing awareness about energy efficiency is also contributing to the growth of this market. The liquid-filled power transformer market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into seed oil filled, mineral oil filled, and others (including silicone oil filled and synthetic ester oil filled). The mineral oil filled segment is expected to account for a major share of this market during the forecast period owing to its high thermal stability and low volatility characteristics. On the basis of application, it can be classified into residential, commercial, industrial sectors. The industrial sector is expected to account for a major share of this market duringthe forecast period owingto its growing demand from developing countries such as Chinaand India .
Product Definition:
A liquid-filled power transformer is a type of transformer that uses a liquid as the insulation between the windings. This type of transformer is used in applications where there is a high risk of fire or electrical explosion. The use of a liquid as insulation prevents arcing and sparks from occurring between the windings, which could cause an explosion.
Seed Oil Filled:
Seed oil-filled power transformers are used in situations where the core of a transformer is exposed to mechanical vibration, and high electrical voltage. The seed oil acts as an insulator between the windings of a transformer, and provides protection against arcing between windings.
The growth factor in seed oil filled power transformers is determined by various factors such as temperature, age, usage rate among others.
Mineral Oil Filled:
Mineral oil-filled power transformers are used in situations where the primary load is less than the transformer's capacity. The low cost of these products makes them a popular choice for several applications including commercial and residential buildings, small industries, and household electrical needs.
The liquid-filled power transformer market has witnessed significant growth over the past few years owing to increasing demand from end-use industries such as automotive, construction equipment & machinery and transportation.
Application Insights:
The industrial segment led the global liquid-filled power transformer market and accounted for more than 55.0% share of the total revenue in 2017. The growing demand for transformers with high reliability, safety, and serviceability is expected to drive the segment growth over the forecast period. Liquid-filled transformers are used in various applications including data centers, telecom buildings, hospitals & healthcare facilities, government buildings & infrastructure projects etc., owing to their ability to provide safe and reliable power supply at low cost as compared with conventional solid-state transformers (SS Transformers).
The commercial application segment is anticipated witness significant growth during the forecast period on account of increasing number of commercial construction projects across developing countries such as China India Japan South Korea etc., which are likely to result in increased requirement for electrical equipment such as air conditioner systems refrigeration units lighting systems etc.
Regional Analysis:
Asia Pacific liquid-filled power transformer market is expected to witness significant growth over the forecast period owing to increasing demand for electricity in emerging economies such as China and India. The growing industrial sector, coupled with rapid urbanization, has led to an increase in the demand for electric current across various applications.
Europe was the second largest regional market after Asia Pacific and accounted for a share of more than 25% of global revenue in 2017. The presence of key companies such as Siemens AG & Co., Alstom Grid Ltd., General Electric Company; EVN Group; Enel SpA; RHI Holding AG; Sener Grup ve ASELSAN Turbomeca are based out of Europe is anticipated to boost industry expansion over the coming years.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid urbanization and electrification in developing countries
- Stringent government regulations for energy efficiency and emissions reduction
- Technological advancements in liquid-filled power transformers that improve performance and reliability
- Growing demand from renewable energy sources such as solar and wind
Scope Of The Report
Report Attributes
Report Details
Report Title
Liquid-Filled Power Transformer Market Research Report
By Type
Seed Oil Filled, Mineral Oil Filled, Others
By Application
Residential, Commercial, Industrial
By Companies
Schneider Electric, Compton Greaves, ABB, GENERAL ELECTRIC, Siemens, MGM Transformer Company, SEBAB, Imefy Group, VanTran Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Liquid-Filled Power Transformer Market Report Segments:
The global Liquid-Filled Power Transformer market is segmented on the basis of:
Types
Seed Oil Filled, Mineral Oil Filled, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schneider Electric
- Compton Greaves
- ABB
- GENERAL ELECTRIC
- Siemens
- MGM Transformer Company
- SEBAB
- Imefy Group
- VanTran Industries
Highlights of The Liquid-Filled Power Transformer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Seed Oil Filled
- Mineral Oil Filled
- Others
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Liquid-Filled Power Transformer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A liquid-filled power transformer is a type of electric transformer that uses a liquid to carry the electrical current. This allows the transformer to be smaller and more efficient than traditional transformers, which use solid metal coils. Liquid-filled transformers are also less likely to fail due to overheating or arcing, making them safer for use in high-risk applications such as aircraft engines and power grids.
Some of the key players operating in the liquid-filled power transformer market are Schneider Electric, Compton Greaves, ABB, GENERAL ELECTRIC, Siemens, MGM Transformer Company, SEBAB, Imefy Group, VanTran Industries.
The liquid-filled power transformer market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Liquid-Filled Power Transformer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Liquid-Filled Power Transformer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Liquid-Filled Power Transformer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Liquid-Filled Power Transformer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Liquid-Filled Power Transformer Market Size & Forecast, 2020-2028
4.5.1 Liquid-Filled Power Transformer Market Size and Y-o-Y Growth
4.5.2 Liquid-Filled Power Transformer Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Seed Oil Filled
5.2.2 Mineral Oil Filled
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Liquid-Filled Power Transformer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Liquid-Filled Power Transformer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Seed Oil Filled
9.6.2 Mineral Oil Filled
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Seed Oil Filled
10.6.2 Mineral Oil Filled
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Seed Oil Filled
11.6.2 Mineral Oil Filled
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Seed Oil Filled
12.6.2 Mineral Oil Filled
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Seed Oil Filled
13.6.2 Mineral Oil Filled
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Liquid-Filled Power Transformer Market: Competitive Dashboard
14.2 Global Liquid-Filled Power Transformer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schneider Electric
14.3.2 Compton Greaves
14.3.3 ABB
14.3.4 GENERAL ELECTRIC
14.3.5 Siemens
14.3.6 MGM Transformer Company
14.3.7 SEBAB
14.3.8 Imefy Group
14.3.9 VanTran Industries
