North America Oil Filled Transformer Market 2021 Research Report by Share, Size, Growth, Trends and Forecast to 2027 A research report on North America Oil Filled Transformer Market Added by Global Market Insights Inc. features a succinct analysis on the latest market trends. The report also includes detailed abstracts about statistics, revenue forecasts and market valuation, which additionally highlights its status in the competitive landscape and growth trends accepted by major industry players. Browse Report Summery @ https://www.gminsights.com/industry-analysis/north-america-oilfilled-transformer-market
The North America oil filled transformer market is expected to witness significant growth by 2027 owing to the increasing focus of North American markets on enhancing energy efficiency and refurbishing existing grid networks. The surging dependence on renewable energy for power generation across the region is anticipated to further drive the regional oil filled transformer market demand through the forthcoming years. Oil filled transformer or oil immersed transformer is a type of voltage transformation device that employs an oil cooling method to lower the transformer temperature. Unlike dry type transformer, the oil filled transformer is installed within a welded steel oil tank that is filled with insulation oil. For industry-wide assessment, the North America oil filled transformer market has been categorized on the basis of winding, core, product, installation, application, modes of cooling, mounting, rating, phase, substation connectivity, and country. In terms of product, the market has been divided into distribution transformer, power transformer, and instrument transformer. The power transformer sub-segment is projected to grow at a substantial CAGR through the forecast period. Rising need for an efficient transmission system to ensure reliable power supply is anticipated to fuel industry expansion over the study timeframe. Based on modes of cooling, the North America oil filled transformer market has been segmented into ONAN, ONWF, and ONAF. In 2020, the ONWF oil filled transformer sub-segment was valued at over USD 600 million and is expected to expand steadily by 2027 due to its benefits, including cost efficiency and better thermal conduction. On the basis of mounting, the market has been divided into pad, pole, and foundation. The foundation mounting sub-segment is speculated to witness profitable growth by 2027. Increasing infrastructural investments in electricity markets and the rapid expansion of utility aided distribution networks are likely to further fuel product adoption through the following years. © 2021 Global Market Insights Inc. All Rights Reserved
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