forms of energy to for on grid installations are expected to attract major demand. Requirement
to step-up the voltage and transmit the electrical energy over the long distance range is
expected to be the primary growth factor over the forecast period. Moreover, increasing kWh
demands in conjunction with the increasing costs of space, specifically in the urban areas, will
present substantial growth prospects for the liquid-immersed transformers market.
Liquid-Immersed Transformers Market Taxonomy
On the basis of dielectric fluids, the global liquid-immersed transformers market is classified
into:
Natural esters
Synthetic esters
Mineral oils
Silicone oils
On the basis of application, the global liquid-immersed transformers market is classified into:
Power transformers
Distribution transformers
o Residential
o Commercial
o Industries
Better performance characteristics such as long life cycles, low noises and smaller sizes are
expected to garner higher consumer inclination
Most commonly used alternative products used in the all the major applications includes dry-
type and pad-mounted transformers. However, other than low cost of the dry type alternatives,
liquid immersed transformers are featured with longer operating lifecycles, minimal or no
annual maintenance time and costs, no outages over its lifecycles, and enhanced safety against
fire hazards. Increased power capacities also result in significant decline in the overall capital
expenditure, owing to the economies of scale. Moreover, capability of the equipment to
repairable is among the chief advantageous factors which has led to increased applications
specifically at power generation end.