What is Dry Type Transformer Market Scope?
A dry-type transformer is a device that does not use any kind of insulating liquid at its winding. These windings and the core are kept sealed within a tank that is pressurized with air. It consists of an iron core, vacuum pressure resin which is impregnated with high voltage windings and low voltage windings. These Fire-resistant dry-type transformers are best suited to be installed in high-rise buildings, underground tunnels, and other places where fire safety is of paramount importance. Not causing any type of environmental deterioration, dry-type transformers have proven to be highly reliable over the years. Hence the increasing need for these transformers in the different industrial sectors is driving the market from manufacture sides.
Dry Type Transformer Market Dynamics:
Attributes | Details |
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Growth Drivers | - The Rise in Demand for Electricity, Eco-Friendly Product, and Safety Advantages over Liquid-Filled Transformers
- Increasing Demand for Safe and Reliable Power
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Influencing Trends | - Increased Investments in Renewable Energy, as well as the Adoption of Smart Grid Technology
- Ongoing Technological Advancements Followed by a Positive Inclination toward the Replacement of Traditional Insulation Technologies will drive the Dry Type Transformer Market across North America
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Restraints | - The High Cost of the Product
- Lack of Investment by Government in Grid Stability
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Road Blocks / Challenges | - Load/No. Of Losses are the Major Restraints for the Market Growth
- High Initial Cost in Installing the Product
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Gaps & Opportunities | - The growing demand for electricity mainly from the Asia-Pacific region is accounting for a major expansion in commercial and industrial establishments, thus enhancing the usage of electrical appliances. These types of transformers are eco-friendly products and have safety advantages over wet-type transformers, which is fueling the boost in this market.
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The Dry Type Transformer market study is being classified by Type (Cast Resin Dry Type Transformer (CRT) and Vacuum pressure Impregnated Transformer (VPI)), by Application and major geographies with country level break-up.
The North American countries such as the United States, Canada, and Mexico are witnessing an inclination in the product demand, owing to the increased spending for the development of long-distance electricity networks. Moreover, the U.S. Government is also planning to spend USD 10 billion in order to develop new distribution networks in recent years. Hence enhancing the major competition between regions but also between the manufactures. Analysts at AMA predicts that Players from Asian will contribute to the maximum growth of Global Dry Type Transformer market throughout the predicted period.
Hammond Power Solution Inc. (Canada), ABB Ltd.(Switzerland), Siemens AG (Germany), General Electric (United States), Eaton Corporation (Ireland), Jinpan International Ltd.(China), Schneider Electric (France) and TBEA Transformer Industrial Group (China) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Crompton Graves Ltd. (India) and Voltamp Transformer Ltd.(India).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Dry Type Transformer market by Type, Application and Region.
On the basis of geography, the market of Dry Type Transformer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia-Pacific region hold largest market share in the year 2021.
Market Influencers and their Development Strategies
On 2nd July 2018, ABB completes the acquisition of GE Industrial Solutions. The main aim of this is to strengthen the global position in electrification which also includes dry-type transformers.
In September 2019, The Lucknow metro development will require dispatch of auxiliary dry-type transformers for overhead electrification and powering the metro stations for lighting and other requirements.
Key Target Audience
Dry Type Transformer Manufacturer, Dry Type Transformer Distributors, Potential Investors, End-Users and Others
Dry Type Transformer Market Study: Important Years
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Customization available in this Study:
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