Global Oil Filled Distribution Transformers Market: Overview
Oil filled transformer has circuit interrupter disposed within the transformer housing and utilizes a bridging contact movable between an open position spaced from a pair of stationary contacts, and a closed position engaging the stationary contacts, to complete a series circuit through the transformer to a low voltage terminal located on the transformer housing.
A bimetal actuating means which is disposed in series in the circuit through the transformer is connected so that when current flow there through exceeds an overload trip value, the bimetal actuating means moves the latch to an unlatched position, permitting the circuit interrupter to trip open. The bimetal is responsive to the temperature of the surrounding oil and deflects when the oil is heated for any reason. The oil in contact with the winding and core rises as it absorbs the heat. Oil filled distribution transformer consists of a transformer tank defining a hermetically sealed chamber, a transformer core-coil assembly disposed in said chamber, cooling oil surrounding the said transformer core-coil assembly, and at least partly filling said chamber, said transformer tank being made of a corrosion-proof composite material, and a radiator external to said sealed chamber and having a hot oil inlet and a cool oil outlet located at different levels into said sealed chamber for causing a natural circulation of oil through said radiator by thermal siphoning. These transformers may also have external radiators to provide greater surface area of cooling. Oil filled distribution transformers are used for low voltage distribution and offer a cost-effective solution.
Global Oil Filled Distribution Transformers Market: Key Segments
In terms of phase, the oil filled distribution transformers market can be bifurcated into single phase and three phase. Three phase oil filled distribution transformers are used more for industrial and commercial purposes. The three phase segment held major share of the oil filled distribution transformers market in 2017. This trend is likely to continue throughout the forecast period owing to the expansion in industries around the world. Single phase oil filled distribution transformers are primarily used for residential purposes.
In terms of application, the oil filled distribution transformers market can be classified into industrial, commercial, and residential. The industrial segment accounted for major share of the market in 2017. This trend is expected to continue during the forecast period. The residential segment is anticipated to expand at a significant pace during the forecast period.
In terms of region, the oil filled distribution transformers market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominated the oil filled distribution transformers market in 2017. It is estimated to continue its dominance throughout the forecast period owing to the industrial developments in the region. The market in North America and Europe is projected to expand at a moderate pace, while that in Latin America and Middle East & Africa is likely to expand at a sluggish pace during the forecast period.
Global Oil Filled Distribution Transformers Market: Key Players
Key players operating in global oil filled distribution transformers market are Hyundai Heavy Industries Co., Ltd., American Electric Components, Inc., Eaton Corporation, General Electric Company, EFACEC Group, Hammond Power Solutions, Inc., Schneider Electric SA., Kirloskar Electric Company Limited, Hyosung Power & Industrial Systems Performance Group, EMCO Ltd., and Mitsubishi Electric Corporation.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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