Dry type transformer does not
utilize liquid where it is winding with core be immersed. Rather windings with
core are kept in a sealed tank that is pressurized with air. The global dry
transformer market is expected to grow at a CAGR of 5.14% during the forecast
period.
Increase demand for the energy
across the globe driving the growth of the market. The robust growth in the
economy and the population have led to the upsurge in power consumption. Hence,
many countries across the globe are escalating and upgrading their electric
grid infrastructure, to achieve the growing demand. These developments are
expected to provide the vital groundwork for dry transformer market.
Additionally, the features such as lightweight, low installation and
maintenance cost also have a positive influence on the growth of the market.
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For this study, the global dry transformer market has
been divided into four segments i.e. type, phase type, voltage range, and
application. By type, cast resin dry type transformer accounts for the largest
market share and are expected to remain dominant over the forecast period.
Whereas, vacuum pressure impregnated transformer (VPI) is expected to grow at
the highest CAGR during the forecast period.
Regional
Outlook
Geographically, the global dry transformer market has
been divided into four major regions as North America, Europe, Asia Pacific and
Rest of the World. Asia Pacific region has accounted for the largest market
share. Rapid industrialization and urbanization is the key factor driving the
growth of the market in the region. Key players across the world are
increasingly shifting their production facilities to cater the high potential
markets in Asia Pacific, mainly due to the obtainability of low-cost labor and
ample raw material stocks. This has the positive influence on the growth of the
market. China, Japan, India, and Singapore are the major market in Asia Pacific
region.
Europe is another major market for the dry
transformer. Europe is developing an interconnected grid that can transfer
electricity between countries in the region such as between the UK, Germany,
Poland, France, and Sweden. In U.K, the current T&D infrastructure is old
and has limited capacity for power transmission and distribution. Hence the
country is investing more to the replacement of ageing infrastructure. This
also increases the demand for dry transformers. The Middle East & Africa
and South America are expected to show the significant growth during the
forecast period.
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Leading
Players
The prominent players in the dry transformer market
include Hammond Power Solution Inc. (Canada), ABB Ltd.(Switzerland), Siemens AG
(Germany), General Electric (U.S.), Jinpan International Ltd.(China), Schneider
Electric (France), TBEA Transformer Industrial Group (China), Eaton Corporation
(Ireland), Crompton Graves Ltd. (India), Voltamp Transformer Ltd.(India),
Virginia Transformer Corp (U.S), Kirloskar Electric Company (India), and
Kotsons Pvt. Ltd (India).
Scope
of the Report
This research report provides insights, into various
levels of analysis such as industry analysis, and market share analysis for the
leading players along with their profiles. It also helps in studying the target
segments by providing views on emerging & high-growth segments. The market
data comprises the basic assessment of the competitive scenarios & strategies
in the global construction lift market, including high-growth regions and/or
countries, and political, & economic environments. The project report,
further, provides views on both the historical market values and pricing &
cost analysis.
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