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.

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

Key market highlights

PART 05: Market landscape

Market overview

Market size and forecast

Global power outlook

Five forces analysis

PART 06: Market segmentation by application

Market overview

Power transformers

Distribution transformer

PART 07: Geographical segmentation

Market overview

Liquid-immersed transformer market in APAC

Liquid-immersed transformer market in EMEA

Liquid-immersed transformer market in Americas

PART 08: Market drivers

T&D expansion leading to increase in transformer

installations

Modernization of existing transformers

Renewable power generation capacity expansion

PART 09: Market challenges

Deterioration of transformer oil due to moisture ingress

Corrosive nature of sulfur present in transformer oil

Increasing popularity of dry-type transformers

PART 10: Impact of drivers and challenges

PART 11: Market trends

Environmentally friendly and more fire-resistant

insulating liquids

Evolution of eco-efficient power transformers

Increasing popularity of bio-based and naphthenic

transformer oil

PART 12: Vendor landscape

Competitive landscape

Other prominent vendors

PART 13: Key vendor analysis

ABB

CG

GE

Schneider Electric

Siemens

PART 14: Appendix

List of abbreviations

PART 15: Explore Technavio