Reports and Insights has published a new report titled, "Liquid Immersed Transformer Market: Opportunity Analysis and Future Assessment 2023-2031"

Global Liquid Immersed Transformer Market, By Dielectric Fluids (Natural esters, Synthetic esters, Mineral oils, Silicone oils), By Application (Power transformers, Distribution transformers (Residential, Commercial, Industries)) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2023 and 2031.

The liquid or wet-type power transformer has been around for almost a century, but the novel technical upgrades and advancements have enhanced the entire functionality and practicality of these products. This verified and tested technology is versatile, cost-efficient, and simple to maintain.

In the present times, the new dielectric fluids have high flash points and minimal impact on the environment, which is further expected to fuel its demand across the global markets. Moreover, rising demands for electrical energy and burgeoning energy producing capacities of renewable sources is further estimated to majorly propel the market growth in the near future. However, not all liquid immersed transformers have the equivalent safety advantages, which may hold back the market growth in the coming years.

Reports and Insights Study identifies some of the key participating players in the liquid immersed transformer market globally are CG, ABB, Schneider Electric, GE, Siemens, Altrafo Transformers, CNC Group, CELME, Dandong Xintai Electric, China XD Group EREMU, and Elsewedy Electric., among others.

Source: digitaljournal.com