Global liquid-immersed transformers market 2017-2021

2017-2-24

 A latest market research report on the global liquid-immersed transformers market in the period 2017-2021 has been made available by Wiseguy Reports.

According to the report, the global liquid-immersed transformers market is expected to grow at a CAGR of 4.87% during the period 2017-2021, reports NewsMaker.

The market is driven by expansion of power transmission and distribution networks leading to increase in transformer installations.

As a key challenge in the industry the report identifies deterioration of transformer oil due to moisture ingress.

The main market trend is to use environmentally friendly and more fire-resistant insulating liquids.

The key vendors operating in this market include ABB, CG, GE, Schneider Electric and Siemens, among others.

Source: NewsMaker