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 .