Global Power Transformer Market By Cooling Type Forecast (2016-2023)
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Created with Highcharts 11.4.0YearUSD MnChart context menuGlobal Power Transformer Market By Cooling Type​Forecast (2016-2023)19 569.6​19 569.621 092.8​21 092.822 793.3​22 793.324 679.3​24 679.326 744.9​26 744.929 111.8​29 111.831 693.6​31 693.634 510.2​34 510.211 16112 067.213 080.514 206.615 443.116 861.418 412.920 110.48 408.69 025.69 712.810 472.711 301.812 250.413 280.714 399.820162017201820192020202120222023010k20k30k40k
Year OIL-COOLED TRANSFORMER AIR-COOLED TRANSFORMER
2016 $ 11161.0 $ 8408.6
2017 $ 12067.2 $ 9025.6
2018 $ 13080.5 $ 9712.8
2019 $ 14206.6 $ 10472.7
2020 $ 15443.1 $ 11301.8
2021 $ 16861.4 $ 12250.4
2022 $ 18412.9 $ 13280.7
2023 $ 20110.4 $ 14399.8
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Global Power Transformer Market By Cooling Type Forecast (2016-2023)

Synopsis
The above chart is Global Power Transformer market [2016-2023] by Cooling Type

Market Dynamics

Oil cooled transformer segment accounted for the larger market share in the power transformer market, and is expected to reach usd 20110.40 million in 2023 from usd 12067.20 million in 2017. however, oil cooled transformer segment is the fastest growing market, which is expected to grow at a cagr of 8.98% during the forecast period 2018 - 2023.

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