New York , Nov. 09, 2023 (GLOBE NEWSWIRE) — The global oil filled transformer market size is estimated to attain at 7% CAGR from 2023 to 2035. The market is expected to garner a revenue of USD 75 billion by the end of 2035, up from a revenue of USD 40 billion in the year 2022. The oil-filled transformer market is a vital component of the power distribution and transmission infrastructure, playing a critical role in ensuring the efficient and safe transfer of electricity. These transformers are immersed in a special insulating oil, typically mineral oil, which serves both as a coolant and an electrical insulator.

(GlobeNewsWire)