Market Dynamics
Introduction
The oil filled transformers are transformers whose windings and magnetic circuits are absorbed in oil with good electrical insulating properties to wedge the flow of current through the oil.
Market Drivers
The major factors driving the growth of the oil filled transformer market are:
- The development of effective grid systems is due to increasing spending on the upgrading of electric infrastructure.
- Initiatives to rejuvenate power grids and make them sustainable, resilient, and affordable.
- Growing electricity demand.

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Key Players
Some of the key players in the market are:
- ABB Ltd
- CNC Electric Group Co., Ltd.
- Eaton Corporation plc
- Elsewedy Electric Co S.A.E.
- General Electric
- ISMET Gmbh
- Ormazabal
- Schneider Electric SE
- Siemens AG
- Toshiba Corporation.
Note: The above list does not necessarily include all the top players in the market.
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Segment Analysis
Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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Core Type Analysis
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Closed, Shell, and Berry
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Shell segment is projected to witness a strong growth rate in the market.
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Product Type Analysis
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Distribution Transformer, Power Transformer, Instrument Transformer, and Others
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The power transformer is anticipated to be the leading segment of the market.
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Installation Type Analysis
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Outdoor and Indoor
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The outdoor segment is likely to take the lead in the market.
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Phase Type Analysis
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Three Phase and Single Phase
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Three-phase transformers are expected to be the bigger segment of the market during the forecast period.
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Application Type Analysis
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Residential & Commercial, Utility, and Industrial
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The utility is estimated to be the leading segment of the market.
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Regional Analysis
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North America, Europe, Asia-Pacific, and Rest of the World
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North America is estimated to be the leading region in the market.
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By Core Type
Based on the core type, the market is segmented as closed, shell, and berry. Shell segment is projected to witness a strong growth rate in the market owing to the development of HVDC networks to fulfill the continuously increasing electricity demand. Furthermore, the widespread application of shell transformers across higher power ratings and higher voltages, and their special design, which gives them innately better kVA to weight ratio, improved immunity to transit damage, and healthier short circuit strength features will boost the product demand during the forecast period.
By Product Type
Based on the product type, the market is segmented into distribution transformers, power transformers, instrument transformers, and others. The power transformer is anticipated to be the leading segment of the market owing to the growing need for a competent transmission system to safeguard a reliable power supply. In addition, optimistic leaning towards the development of high voltage lines to accommodate the surging electricity demand across developed economies will fuel the segment growth over the forecast period.
By Installation Type
Based on the installation type, the market is segmented as outdoor and indoor. The outdoor segment is likely to take the lead in the market on account of its ability to function at high voltage application ranges. In addition, along with offering optimum cooling strength they also mitigate the concerns relating to the dangers of fire, which boosts their demand, thus driving the overall industry growth during the forecast period.
By Phase Type
Based on the phase type, the market is segmented into three phase and single phase. Three-phase transformers are expected to be the bigger segment of the market during the forecast period owing to the advantageous regulatory policies for the upgradation of small-scale industrial sectors across developing economies. Furthermore, the ability of three-phase transformers to run smoothly over voltages transmitted over long distances paired with their economic viability will further promote product adoption.
By Application Type
Based on the application type, the market is segmented as residential & commercial, utility, and industrial. The utility is estimated to be the leading segment of the market given the growing R&D spending aimed at the restoration of grid infrastructure coupled with huge fund distribution by regulatory authorities for the development of grid networks, which will further promote the industry landscape.
Regional Insights
In terms of regions, North America is estimated to be the leading region in the market owing to the ongoing technological improvements blended with amplified spending for the development of long-distance electricity networks in the US. On the other hand, Europe and the Middle East are also expected to offer substantial growth opportunities during the forecast period.

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Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
Market Segmentation
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The oil filled transformer market is segmented into the following categories:
By Core Type
By Product Type
- Distribution Transformer
- Power Transformer
- Instrument Transformer
- Others
By Winding Type
- Two Winding
- Auto Transformer
By Installation Type
By Modes of Cooling Type
- Oil Natural Air Natural (ONAN)
- Oil Natural Water Forced (ONWF)
- Oil Natural Air Forced (ONAF)
- Others
By Phase Type
By Mounting Type
- Pad
- Pole
- Foundation
- Others
By Rating Type
- < 5 MVA
- 5 to 10 MVA
- >10 MVA
By Substation Connectivity Type
- Distribution
- Transmission
By Application Type
- Residential & Commercial
- Utility
- Industrial
By Region
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation of any one of the rating types by application type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
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