(Credit: Global Market Insights)
The production of power transformer equipment has gathered robust pace in recent years. The incessant demand for reliable power supply is a known factor worldwide, driving consistent investments in upgrading grid infrastructure.
According to estimates from the International Energy Agency (IEA), the gross electricity consumption across the globe is set to register an annual rise of nearly 2%, growing from 25,679 billion kWh to 40,443 billion kWh until 2040. Renewable energy generation can be expected to form a notable part of this growth.
Several crucial components are required to accommodate this prolific rise in electricity demand, particularly power transformers. Unlike its other counterparts which operate at a 60% to 70% efficiency rate, power transformers are designed to accommodate higher voltage inputs, ranging from 33 to 400 kV, and operate at a nearly 100% efficiency.