Global Liquid-Immersed Transformers Market Research Report 2017-2021
Market Research Hub( MRH) has recently announced the addition of a fresh report, titled“ Global Liquid-Immersed Transformers Market 2017-2021” to its report offerings. 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.
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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.
Technavios analysts forecast the global liquid-immersed transformers market to grow at a CAGR of 4.87 % during the period 2017-2021.