The report “Dry Type Transformer Market” (By Core (Closed, Shell, and Berry) -By Technology (Self-air and Air-blast) -By Insulation (Class R, Class H, Class F, Class B, and Class A) -By Product (Open Wound, Cast Resin, Vacuum Pressure Impregnated, and Vacuum Pressure Encapsulated) -By Phase (Single and Three) -By Installation (Outdoor and Indoor) -By Winding (Two-winding and Auto-transformer) -By Rating (< 5 MVA, 5 MVA to 30 MVA, and > 30 MVA) -By Mounting (Pad, Pole, and PC/PCB) -By Application (Industries, Inner-city Substations, Indoor/Underground Substations, and Renewable Generation) –by Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America))-is estimated to reach US$ xx Bn by 2026 at a CAGR of about xx%.
The demand for electricity is growing because of expanding commercial and industrial establishments and increasing usage of electrical appliances. The dry-type transformers are eco-friendly products, and it has safety advantages over wet-type transformers, which is a big boost to its market. Increasing investments in the transmission and distribution networks in countries, such as India and China, provides a tremendous opportunity for dry-type transformers market during the forecast period. Countries in the Middle East & African region, like Iran and Saudi Arabia, are also investing in the expansion and restructuring of power grids, which increases the growth prospects of the Dry Type Transformer Market.
Closed core market had the highest market share in 2017
In terms of core, closed core market had the highest market share in 2017. Low iron losses & flux leakage along with sustainable mechanical properties will fuel the closed core market of dry type transformer. Growing inclinations toward operational flexibility coupled with effective applicability across low & medium electric networks will escalate product penetration. Rapid urbanization adhered by the ongoing expansion of smart grid networks will positively influence the product landscape.
Self air dry type transformer market is expected to witness growth of over 10% by 2026
In terms of technology, self air dry type transformer market is expected to witness growth of over 10% by 2026. The technology has gained significant penetration subject to its lower cost estimates coupled with ease of replacement and maintenance. Moreover, lower failure rates, improved efficiency, and effective voltage regulation are few indispensable parameters which will positively impact the product adoption.
North America dry type transformer market accounted for the highest revenue in 2018
North America dry type transformer market accounted for the highest revenue in 2017 and is projected to grow at a significant rate during the forecast period. The industry in U.S. is extensively driven by ongoing upscaling and refurbishment demand for existing grid networks across the nation. Favorable regulatory reforms to ensure grid sustainability coupled with rapid deployment of smart monitoring and control units will positively influence the industry outlook.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as CG, WEG, ABB, Schneider, Siemens, Meramec, GE, Raychem, Fuji Electric, ITEC, KONCAR, EATON, Abaft, Toshiba, TRENCH, BHEL, Kirloskar, Voltamp, Mehru, Ruhstrat, and Celme.
Maximize Market Research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the dry type transformer market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the dry type transformer market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain dry type transformer market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Dry type transformer market”
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