Transformer Oil Coolers Market to Deliver Prominent Growth & Striking Opportunit
Posted by Arslan on August 1st, 2019
Transformer oil coolers are heat exchangers that are utilized to cool the dielectric oil in a transformer. The most prominent cooling medium is the natural air or water. The evolution of the transformer oil coolers was driven through the innovative approach from the transformer manufacturers. The transformer oil cooler insures the integrity and increases the efficiency of the transformer unit. The transformer oil cooler are designed to dissipate heat from the oil of generator transformer, distribution transformer, smoothing reactors and locomotive transformers. Specially designed internal turbulators are provided for effective heat transfer from viscous oil.
In the past few years, the demand for transformer oil coolers has augmented significantly and is expected to develop in the coming years. Owing to increase in the need of uninterruptible power supply in commercial, residential and industrial sectors, the demand for transformer oil coolers has gained pace in the recent period. The significant growth in the infrastructure sector across the globe has further created a huge demand in the reliable power source, which is highly anticipated to boost the sales of the transformer oil cooler market. Transformer oil cooler is a small investment, which protects the power industry’s huge capital investment in the massive transformers, which make up the backbone of a nation’s energy supply. Transformer oil coolers are gaining immense popularity in the transmission and distribution sector owing to its high efficient energy transfer operation. However, the transformer oil coolers market expansion is subjected to various market restraints such as reluctance towards the upgradation of power infrastructure in the developing nations and high cost of the equipment.
Transformer Oil Coolers Market- Key Manufacturers
The major key manufactures for transformer oil coolers in the market are Tada Electric Co., Ltd., Apollo Group, Luvata Söderköping AB, Therco-Serck Ltd, Alfa Laval AB, Thermo Group, HuBei DengFeng Unifin Power Equipment Cooling System Co., Ltd., United Heat Exchanger, Sterling Thermal Technology, ABB Ltd., Wabtec Corporation, Enerfin Resources Company, Thermofin, Kelvion Holding GmbH and Modine Manufacturing Company, among others.
The global transformer oil coolers market is segmented into seven regions: North America, Europe, East Asia, South Asia, Oceania, Latin America and Middle East & Africa. Globally, North America regions holds the highest market share in the transformer oil coolers market with the U.S. being the major market for the transformer oil coolers followed by Europe. The market for transformer oil coolers in the East Asian countries has also increased. China spends a substantial amount on developing the power infrastructure. The market for transformer oil coolers in South Asian countries, mainly India and Indonesia, also shows most significant growth and is likely to maintain consistency over the forecast period. The demand in European countries is also gaining pace at a robust rate. The demand for transformer oil coolers in Latin America is rising at a phenomenal pace owing to the upgradation in the ageing power infrastructure. The Middle East and Africa regions show decent growth in the demand for the transformer oil coolers market.
Transformer Oil Coolers - Market- Competitive Analysis
Globally, the transformer oil coolers industry is a fragmented market because of the presence of a considerable number of key market players. The transformer oil coolers market has a more-intense competition. The manufacturers introduce new products in the market to remain in-sync with the demand. Availability of the products at distribution channels creates price variations owing to an increase in the competition among the local players. This would make way for the manufacturers to deliver more cost-efficient, newer generation and technologically advanced transformer oil coolers during the forecast period.
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About the AuthorArslan
Joined: December 18th, 2017
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