Market Overview:
The global transformer cooling device 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 power infrastructure across the globe. In addition, growing awareness about energy efficiency is also propelling the growth of this market. The oil air coolers segment is expected to dominate the global transformer cooling device market during the forecast period. This segment accounted for a majority share of the global transformer cooling device market in 2017 and is projected to maintain its dominance during the forecast period.
Product Definition:
A transformer cooling device is a system or equipment used to cool the transformer. The main purpose of this device is to maintain the temperature of the transformer within its safe operating range and prevent it from overheating.
Oil Air Coolers:
Oil air coolers are used to remove transformer heat. They are an integral part of any transformers cooling system and help in maintaining the temperature of the transformer core. The oil-based cooling medium flows through channels in the base plate and dissipates heat from the winding cavity, thus helping to maintain optimum operating temperature of a transformer core.
Oil Water Coolers:
Oil water coolers are cooling devices that use oil as a medium for conducting heat away from the transformer core. The device is used to reduce the temperature of the oil return stream, therefore reducing transformer overheating and extending its life. They are primarily used in power transformers where high-temperature insulation is required to be maintained between windings of a copper bus.
Application Insights:
The power station segment dominated the global transformer cooling device market in 2017 and is expected to witness significant growth over the forecast period. The growing demand for electricity from industrial, residential and commercial sectors has resulted in an increased requirement of transformers, which are being cooled efficiently using cooling devices.
Transformer core is a magnetic structure that uses induction heating technology to transfer heat from the coolant into air or water. Various materials such as iron, steel, aluminum alloys are used as cores for Transformers due to their high thermal conductivity properties. These cores have a cylindrical shape with a cross-section of 6 mm × 35 mm for primary transformers and 8 mm × 25 mm for secondary transformers.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for electricity in emerging economies, such as China and India. In addition, growing industrialization and rapid urbanization are also anticipated to drive the market growth in this region. Moreover, rising investments by governments for expanding power generation capacities are likely to have a positive impact on industry growth over the forecast period.
Europe accounted for more than 25% of global revenue share in 2017 due primarily expansion of distribution & transmission sector coupled with growing demand side management practices such as energy efficiency improvement retrofitting activities that lead reduce transformer losses thus resulting into reduction of overall equipment temperature which further results into reduction of cooling device requirement thereby reducing equipment size.
Growth Factors:
- Increasing demand for energy-efficient devices
- Rising demand from the data center and telecom sectors
- Growing popularity of miniaturized and lightweight cooling devices
- Proliferation of advanced semiconductor technologies
- Emergence of new applications for transformer cooling devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Transformer Cooling Device Market Research Report
By Type
Oil Air Coolers, Oil Water Coolers, Others
By Application
Power Station, Substation, Others
By Companies
Kelvion, TECSYSTEM, Alfa Laval, ASA Technology, Comet Fans, Thermofin, Deltathx, EUROCOOLER SYSTEM, STC Radiators, Trantech Radiators
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
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Transformer Cooling Device Market Report Segments:
The global Transformer Cooling Device market is segmented on the basis of:
Types
Oil Air Coolers, Oil Water Coolers, 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
Power Station, Substation, Others
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:
- Kelvion
- TECSYSTEM
- Alfa Laval
- ASA Technology
- Comet Fans
- Thermofin
- Deltathx
- EUROCOOLER SYSTEM
- STC Radiators
- Trantech Radiators
Highlights of The Transformer Cooling Device 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:
- Oil Air Coolers
- Oil Water Coolers
- Others
- By Application:
- Power Station
- Substation
- Others
- 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 Transformer Cooling Device 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 transformer cooling device is a component of a transformer that helps to keep the transformer cool.
Some of the key players operating in the transformer cooling device market are Kelvion, TECSYSTEM, Alfa Laval, ASA Technology, Comet Fans, Thermofin, Deltathx, EUROCOOLER SYSTEM, STC Radiators, Trantech Radiators.
The transformer cooling device market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Transformer Cooling Device 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 Transformer Cooling Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Transformer Cooling Device 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 Transformer Cooling Device 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 Transformer Cooling Device Market Size & Forecast, 2020-2028
4.5.1 Transformer Cooling Device Market Size and Y-o-Y Growth
4.5.2 Transformer Cooling Device 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 Oil Air Coolers
5.2.2 Oil Water Coolers
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 Power Station
6.2.2 Substation
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Transformer Cooling Device 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 Transformer Cooling Device 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 Oil Air Coolers
9.6.2 Oil Water Coolers
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 Power Station
9.10.2 Substation
9.10.3 Others
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 Oil Air Coolers
10.6.2 Oil Water Coolers
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 Power Station
10.10.2 Substation
10.10.3 Others
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 Oil Air Coolers
11.6.2 Oil Water Coolers
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 Power Station
11.10.2 Substation
11.10.3 Others
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 Oil Air Coolers
12.6.2 Oil Water Coolers
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 Power Station
12.10.2 Substation
12.10.3 Others
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 Oil Air Coolers
13.6.2 Oil Water Coolers
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 Power Station
13.10.2 Substation
13.10.3 Others
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 Transformer Cooling Device Market: Competitive Dashboard
14.2 Global Transformer Cooling Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kelvion
14.3.2 TECSYSTEM
14.3.3 Alfa Laval
14.3.4 ASA Technology
14.3.5 Comet Fans
14.3.6 Thermofin
14.3.7 Deltathx
14.3.8 EUROCOOLER SYSTEM
14.3.9 STC Radiators
14.3.10 Trantech Radiators
