Global Dry Type Transformer Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2028
“Global Dry Type Transformer Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global dry type transformer market report has been segmented on the basis of technology, voltage, end phase, application, and region.
Global Dry Type Transformer Market: Overview
Dry type transformers are power transformers with windings encased in pressurized and sealed tanks and these transformers are air cooled. These types of transformers provide fire and leak proof safety, and reduces environmental & health issues. Dry type transformers have better resistance to short circuit, impulse, and are moisture resistant. These transformers are widely used in domestic and industrial applications.
Global Dry Type Transformer Market: Dynamics
Increasing use of dry type transformer in transmission & distribution sector across the globe is a major factor expected to drive revenue growth of the target market. In addition, modernization of existing transformation coupled with rapid industrialization is another factor expected to support revenue growth of the target market over the forecast period. Furthermore, increasing demand for dry type transformers in various applications, owing to its environmental friendly, fire resistant, corrosion resistant, and other properties is anticipated to support revenue growth of target market over the forecast period.
However, availability of substitute such as oil cooled transformers, high maintenance, and product cost are among the major factors expected to restrain growth of the potential market over the forecast period.
Increasing R&D and rising demand from emerging economies is expected to create lucrative opportunities for manufacturer, which in turn is anticipated to support growth of the target market over the forecast period. Growing transmission & distribution sector and demand for renewable power generation are among the key trends observed to boost growth of the dry type transformer market.
Global Dry Type Transformer Market: Segment Analysis
On the basis of technology, the cast resin segment is expected to hold major revenue share in the target market over the forecast period. On the basis of voltage, the low voltage segment is expected to account significant share in terms of revenue in the target market over the forecast period.
On the basis of end phase, the three phase segment is projected to register highest revenue share in the target market over the forecast period. On the basis of application, the industrial segment is anticipated to register for major share in terms of revenue in the target market over the forecast period.
Global Dry Type Transformer Market: Regional Analysis
The Asia Pacific market is expected to hold major share in terms of revenue in the global dry type transformer market. Increasing demand for dry type transformer from industrial sectors in countries such as China and India, is a factor anticipated to drive growth of the dry type transformer market in Asia Pacific over the forecast period. In addition, increasing investments by government in transmission and distribution sector coupled with rising energy demand in countries in the region is expected to account for significant revenue share in the dry type transformer market in Asia Pacific. The North America dry type transformer market is anticipated to witness significant revenue growth in the target market, owing to growing infrastructural developments coupled with rapid industrialization in the region.
Global Dry Type Transformer Market Segmentation:
Segmentation on the Basis of Technology:
- Cast Resin
- Vacuum Pressure Impregnated (VPI)
Segmentation on the Basis of Voltage:
- Low Voltage
- Medium Voltage
Segmentation on the Basis of End Phase:
- Three Phase
- Single Phase
Segmentation on the Basis of Application:
- Others (Electrical and Automotive)
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- ABB Ltd
- Siemens AG
- Hammond Power Solutions Inc.
- Eaton Corporation plc
- CG Power and Industrial Solutions Limited
- Voltamp Transformers Limited
- Schneider Electric S.E.
- TBEA Transformer Industrial Group
- Jinpan International Limited
- Bharat Heavy Electricals Ltd.
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