The global dry transformer market
is expected to grow at a CAGR of 5.14% during the forecast period. 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.
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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Global
Dry Transformer Industry Segmental Analysis
For this study, the global dry
transformer market has been divided into four segments type, service, elevator
technology, and end user. By phase type, the market has been segmented into
Single-Phase, and Three-Phase. The single-phase transformers are usually used
in commercial low voltage application as electronic devices. They operate as
step down voltage transformer and decrease the home voltage value to the value
suitable for electronics supplying. A three-phase transformer is a three-legged
iron core. Each leg has a particular primary and secondary winding. This is a
more expensive solution and is used in high power system.
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).
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Asia
Pacific region dominates the global dry transformer market
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.
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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