June 1, 2021 04:36 ET | Source: Global Market Insight Company Global Market Insight Company
Selbyville, Delaware, June 1, 2021 (Global News Agency)-
According to the latest research report of Global Market Insights, Inc., the North American oil-filled transformer market is expected to exceed US$10 billion by 2027, due to increased expenditures for power infrastructure modernization and increased energy consumption. The government's regulations on the establishment of renewable networks and the continuous renovation of aging grid infrastructure will expand the industry landscape. The expansion of road and rail networks, mainly across emerging countries, coupled with extensive investment in the transportation sector, will drive product demand.
As the applicability of mobile transformer applications and temporary electrical facilities continues to increase, the berry oil-filled transformer portion of North American industry will gain considerable momentum. The favorable trend of microgrid expansion, coupled with the rapid expansion of utility-based renewable infrastructure, will enhance business prospects.
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The impact of the COVID-19 pandemic on the growth of the entire industry is minimal. During the outbreak of this epidemic, the operation and maintenance of the energy infrastructure were operating normally, and the state government did not subsequently prohibit the construction of renewable energy projects. However, the growing power demand in the healthcare industry is expected to increase product installation.
Some of the key findings from the North American oil-filled transformer market report include:
Browse key industry insights spread over 230 pages, including 301 market data tables and 35 figures and charts from the report. "North American oil-filled transformer market statistics Transformer, power transformer, instrument transformer)”), winding (double winding, autotransformer), installation (outdoor, indoor), cooling method (oil natural air (ONAN), oil natural water power (ONWF), oil natural air power (ONAF)), stage (three, single), installation (Pad, Pole, Foundation), rating (< 5 MVA, 5 MVA to 10 MVA,> 10 MVA), substation connection (distribution, transmission), application ( Residential and commercial, utilities, industry), industrial analysis report, national outlook, application potential, Covid-19 impact analysis, competitive market size and forecast, 2021-2027" and catalog:
https://www.gminsights.com/industry-analysis/north-america-oil-filled-transformer-market
Since it is suitable for transformers up to 30 MVA, the ONAN mode of the cooling part of the North American oil-filled transformer market will gain considerable momentum. These are usually used for distribution-type transformers with relatively low ratings and are deployed in traditional power grids. In addition, the growing demand for electricity in the commercial and industrial sectors will have a positive impact on the commercial landscape.
Due to the increase in infrastructure investment and the strong expansion of utility auxiliary power distribution networks, the number of transformers installed on poles has increased sharply. Easy to install in a single pole structure and reasonable compact size will increase the product adoption rate. The increasing investment in power grid upgrade projects undertaken by the government and the development of new networks to optimize power consumption will accelerate the industry's potential.
By 2027, the compound annual growth rate of the Mexican oil-filled transformer market will exceed 5%. The growing demand for medium and low voltage networks in residential and commercial organizations will accelerate product demand. As consumers' focus shifts to safe, reliable, and efficient power networks, population growth will drive the industry's prospects.
Browse the catalog of this report @ https://www.gminsights.com/toc/detail/north-america-oil-filled-transformer-market
According to iron core (closed type, shell type, berry), product (distribution transformer, power transformer, instrument transformer, other), winding (double winding, automatic transformer), installation (outdoor, indoor), cooling method (oil) charging Oil transformer market statistics Natural Air Natural (ONAN), Oil Natural Water Forced (ONWF), Oil Natural Air Forced (ONAF), Others), Phase (three-phase, single-phase), installation (Pad, Pole, Foundation, Others), Rating (< 5) MVA, 5 to 10 MVA, >10 MVA), substation connection (distribution, transmission), application (residential and commercial, utility, industrial), industry analysis report, regional outlook, Covid-19 impact analysis , Application Potential, Competitive Market Share & Forecast to 2024
https://www.gminsights.com/industry-analysis/oil-filled-transformer-market
Global Market Insights Inc., headquartered in Delaware, is a global market research and consulting service provider, providing joint and customized research reports and growth consulting services. Our business intelligence and industry research reports provide customers with insightful insights and actionable market data designed and presented to help strategic decision-making. These detailed reports are designed through proprietary research methods and can be used in key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.