PUBLISHER: TechNavio | PRODUCT CODE: 1515703
PUBLISHER: TechNavio | PRODUCT CODE: 1515703
The liquid-immersed transformers market is forecasted to grow by USD 12450 mn during 2023-2028, accelerating at a CAGR of 6.36% during the forecast period. The report on the liquid-immersed transformers market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by expansion of t and d driving the demand for liquid-immersed transformers, modernization of existing transformers, and increasing investment in renewable energy sources.
Technavio's liquid-immersed transformers market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 5.95% |
CAGR | 6.36% |
Incremental Value | $12450mn |
ByType
ByApplication
ByGeography
This study identifies the increasing popularity of bio-based and naphthenic transformer oil as one of the prime reasons driving the liquid-immersed transformers market growth during the next few years. Also, digitalization of transformers and emergence of eco-efficient transformers will lead to sizable demand in the market.
The report on the liquid-immersed transformers market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading liquid-immersed transformers market vendors that include ABB Ltd., ALTRAFO Srl, Celme Srl, CG Power and Industrial Solutions Ltd., China XD Group Co. Ltd., DuPont de Nemours Inc., Eaton Corp. Plc, EL Sewedy Electric Co., General Electric Co., Hitachi Ltd., Hyosung Heavy Industries Corp., Hyundai Heavy Industries Group, IMEFY GROUP, ISMET GmbH, LS ELECTRIC Co. Ltd., MGM Transformer Co., Schneider Electric SE, Siemens AG, Toshiba Corp., and Vantran Transformers. Also, the liquid-immersed transformers market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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