A long-term cooperation agreement on transformer recycling has been inked between ABB Power Grids and Stena Recycling, a Swedish company. The partnership is a crucial step towards a circular economy in a sustainable world and includes joint design development for efficient recycling of new transformers.
A number of recent victories for its low-maintenance, high-performing digital power transformers were announced by General Electric Renewable Energy's Grid Solutions division.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 5201
Published Date: Aug 31, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The major factors driving the growth of the market are growing demand for renewable energy, rising use of natural oil in oil filled transformer, and surge in construction of tall buildings.
The market size of oil filled transformer is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are ABB, Schneider Electric, General Electric, Crompton Greaves Consumer Electricals Limited, and others.
The oil natural water forced segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.