U.S. Oil Filled Distribution Transformer Market size is anticipated to witness significant growth from 2021 to 2027 owing to surging government focus on the renovation of utilities and upgradation of existing electricity grid infrastructure. Regulatory norms for the development of smart cities along with increasing investments toward utility-based establishments to counterbalance the power demand will fuel the product deployment. In addition, private and public firms are extensively investing to balance demand & supply mismatch, which in turn will boost the market demand.
The COVID- 19 pandemic has minimal impact on the industry. Operations of power utilities were continued during the pandemic followed by timely deployment of major renewable powered projects. In addition, the increasing demand for new healthcare establishments to respond to the coronavirus will positively enhance the industry potential.
Auto-transformers are projected to rise substantially through 2027 on account of shifting consumer focus for integrating innovative monitoring technologies owing to key benefits including high reliability and cost-effectiveness. Wide-scale utilization of these transformers across energy applications to interconnect systems that are operational at various voltages will drive the product adoption. Furthermore, the production of special units for long electricity distribution lines equipped with auto tap-changing equipment will increase the market revenue.
The > 250 kVA to ≤ 1 MVA oil filled distribution transformer market in the U.S. will gain remarkable momentum during the forecast timeline, due to the robust growth of industrial and commercial sector and rising electricity demand. Favorable government policies including feed-in tariffs and subsidies along with deployment of advanced control & monitoring solutions across new grid infrastructure will complement the market outlook. In addition, stringent manufacturing standards in line with expansion of sustainable electricity networks will considerably augment the market demand.
U.S. three-phase oil filled distribution transformer market size is set to grow exponentially till 2027 led by feasibility across utility-aided energy networks and large-capacity-based industrial establishments. The ability of these units to transfer high-powered capacity at long distances by utilizing small lightweight conductors will propel the product deployment. The growing requirement for power reliability and high ampacity in industrial processes including oil & gas and mining will further impel the market revenue.
Closed core segment is poised to dominate the U.S. market share in the coming years owing to paradigm consumer shift toward grid stability and security of supply. Rising expansion of T&D networks coupled with increasing concern toward voltage optimization and energy efficiency will positively sway the industry potential. In addition, industrial efforts toward the development of digital technology for controlling and monitoring operations will favor the market dynamic.
Key players operating across the U.S. oil filled distribution transformer market are General Electric, Siemens Energy, Hitachi ABB Power Grids, Toshiba Energy Systems & Solutions Corporation, Schneider Electric, ERMCO, Hyosung Heavy Industries, MGM Transformer Company, Eaton, DOS Canada, Northern Transformer, L/C Magnetics and America Electric Components. Manufacturers are aiming for technological advancements through strategic partnerships and joint ventures.