July 20, 2021
According to the recent research report titled ‘U.S. Oil Filled Distribution Transformer Market Size By Core, By Phase (Three, Single), By Rating (≤ 250 kVA, > 250 kVA to ≤ 1 MVA, > 1 MVA), By Mounting (Pad, Pole), By Application (Residential & Commercial, Utility, Industrial), Industry Analysis Report, Country Outlook, Application Potential, Covid-19 Impact Analysis, Competitive Market Size & Forecast, 2021 – 2027’, available with Market Study Report LLC, the U.S. oil filled distribution transformer market is expected to record a considerable growth rate over 2021-2027.
U.S. oil filled distribution transformer market growth is driven by extensive integration of automation, and rising investment in research & development activities. Besides, advantages such as low operating sound level, longer lifespan, better efficiency offered by oil filled transformers are further boosting the product adoption.
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For the unaware, an oil filled distribution transformer is a voltage transformation device that uses an oil cooling approach to reduce the temperature of the transformer. Unlike dry type transformers, an oil filled transformer's body is housed in a welded steel oil tank filled with insulation oil.
Dielectric oil is used to insulate and cool the transformer's windings in oil filled transformers, which enables manufacturers to use low-temperature insulation materials in equipment designs. Industry players have recently been using bio-based lubricants in distribution transformers, as they are more environmentally friendly, thus creating lucrative prospects.
As per core gamut, shell segment leads the U.S. oil filled distribution transformer market share and is expected to expand further through 2027, owing to development of HVDC networks to fulfil surging electricity demand.
Elaborating on winding landscape, two winding segment held considerable industry share in 2020 and is projected to grow substantially over 2021-2027, creditable to escalating demand for an effective transmission system to guarantee reliable power supply.
Based on mounting type, the industry share from pad segment has witnessed immense growth in the recent past, attributable to growing product usage in suburban areas where distribution lines are usually buried underground.
Moving on to application spectrum, utility segment is projected to gain momentum over the coming years, owing to rising research & development spending towards refurbishment of grid infrastructure and emphasis on expanding grid networks.
Key players profiled in the U.S. oil filled distribution transformer market report are SPX Transformer Solutions Inc., Northern Transformer Corporation, Eaton Corporation plc, Schneider Electric SE, Hyosung Heavy Industries Corporation, ERMCO Inc., Siemens AG, General Electric, and Hitachi ABB Power Grids.