
In the coming decade, with increasing demand for electricity and new power generation projects, electric utilities are likely to invest around US$ 3.2 trillion at a global level for new transmission as well as replacement transmission and distribution infrastructure, which is expected to auger well for power and distribution transformers. In addition, transformer and energy infrastructure industry is witnessing steady growth with increasing government initiatives that has resulted in an upsurge in the power sector. Dielectric fluids, being a vital component for cooling and providing electrical resistance in distribution and power transformers, is expected to witness significant demand during the assessment period, consequently supporting the growth of the global Dielectric Fluids Market for dielectric fluids.