Christy Publications Liquid-immersed Transformers Market | Page 2

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.