The research study covers the present scenario and growth prospects of the global transformer breathers market for 2017-2021. The market is segmented based on application (power transformers and distribution transformers) and geography (APAC, EMEA, and the Americas).
Renovation activities are taking place worldwide, as most of the T&D equipment has served beyond its lifecycle and is unable to cater to the growing need for power. End-users, especially in the industrial sector, need to have uninterrupted power supply. Any power interruptions, even for a small duration, can cost the business thousands of dollars along with the loss of productivity. Most of the T&D network, especially in developing countries such as China and India need to upgrade their existing infrastructure to ensure uninterrupted power supply. This generates the need for replacement, triggering the demand for new oil-filled power and distribution transformers.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Technavio heavy industry research analysts highlight the following three factors that are contributing to the growth of the global transformer breathers market:
- Modernization of existing transformers
- T&D expansion leading to increase in transformer installations
- Renewable power generation capacity expansion
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Modernization of existing transformers
Smart grid networks are being implemented in many countries. A smart grid is an electricity network that delivers an economical, sustainable, and secure electricity supply by intelligent integration of consumers, generators, or those capable of both in a well-organized manner. The use of advanced products and services along with intelligent metering, monitoring, control, communication, and self-healing technologies allows a smart grid system to accomplish a variety of tasks.
Gaurav Mohindru, a lead tools and components research analyst at Technavio, says, “The implementation of smart grid systems has led to the installation of an increased number of power and distribution transformers for efficient power supply. Thus, there is an increase in the need for transformer oil with more number of transformers being installed into the grid. The transformer oil helps to increase the average working life of transformers by offering an adequate amount of insulation.”
T&D expansion leading to increase in transformer installations
Countries in APAC, including China, Thailand, the Philippines, Vietnam, India, Japan, and Australia, are experiencing considerable economic growth along with industrialization and commercialization. Therefore, the demand for power is expected to increase in the region, which will subsequently boost the growth of the global transformers breathers market during the forecast period.
“Industrial development directly impacts urbanization, which results in growing construction activities in the residential and commercial sectors. Factors such as rising disposable income and rapid population growth in India have resulted in one of the fastest rates of urban development globally,” adds Gaurav.
Renewable power generation capacity expansion
Many countries are adopting renewable sources of energy like wind and solar to meet stringent carbon emission goals and reduce their dependence on depleting fossil fuel resources. Many end-users have incorporated alternative forms of energy instead of depending on power generators that operate on fossil fuels. Solar power, hydropower, wind power, and other forms of renewable energy are gaining popularity among all categories of electricity end-users.
Commercialization of renewable energy worldwide will create a huge demand for power and distribution transformers. Most of these resources are installed in places that lack proper T&D infrastructure. Future expansion of existing networks worldwide is also anticipated, which will be fueled by developing nations such as India where the integration of regional grids to form a nationwide electric grid network is in progress to ensure a seamless flow of electricity across the nation. This leads to extensive T&D infrastructure development activities.
- Hawke International
Browse Related Reports:
- Global Marine Air Conditioning Systems Market 2017-2021
- Global Heat Pipes Market 2017-2021
- Global Air Particle Monitor System Market 2017-2021
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.