Dry Type Transformer
Market Overview
Market Research Future (MRFR)
reports that the global Dry
Type Transformer Market is poised to exhibit a steady growth over the
next couple of year. The rising consumption of electricity worldwide is influencing
the market growth.
Segmental Analysis:
MRFR’s report also includes a
detailed segmental analysis of the market based on phase type, type,
application and voltage range.
On the basis of phase type, the
market has been segmented into single-phase and three-phase. On the basis of
vacuum pressure impregnated and cast resin. Cast resin transformer (CTR) is
usually used in area with high level of humidity. The mechanism of CRT is
indented for enduring high moisture environment. This allows effective working
of transformers. Meanwhile, vacuum pressure impregnated transformer (VPI) is
intended for high heat resistance. The components used in making VPI are
minimum flammable. Most VPI windings have a continuous layer of foil and strip.
On the basis of application, the
market has been segmented into commercial, industrial and others.
On the basis of voltage range, the
market has been segmented into medium voltage and low voltage. For developing
low voltage transformers, vacuum pressure impregnation (VPI) technology is
usually preferred, however in certain situations this may not be the case depending
on the application. Low voltage transformer find application in industrial,
residential and commercial settings.
Regional Analysis
On the basis of region, the market
has been segmented into Europe, Asia Pacific, North America and Rest of the
World (RoW). Asia Pacific (APAC) dominates the global dry transformer market.
Furthermore, the APAC dry transformer market is expected to exhibit a strong
CAGR during the assessment period. Electricity consumption has continued to
grow in Asia, which is mainly driven by the rapid urbanization and
industrialization in countries such as India and China. The energy sector in
the region has been under constant pressure of increasing capacity. This has
prompted local policy makers to increase efforts to develop robust electricity
generation and supply systems. The region is home to two of the most densely
populated countries that post tremendous demand for electricity. Such trends
are boding well for the market in the region.
North America holds the second spot
in the global dry transformer market in terms of value. The U.S. government, in
resent years, has invested significantly in upgradation of power grids and electricity
supply infrastructure. This has continued to fuel the demand for advanced
transformer systems in the U.S. In North America, dry transformer market is
expected to witness a steady growth in the region during the assessment period.
Europe is also viewed as an
important market for dry transformer and is expected to make a noteworthy
contribution to the global market. Countries such as Germany, the U.K.,
Netherland and France are likely to present lucrative opportunities to market
players.
Global Dry Transformer Market: Competition Analysis
Some of the companies mentioned in
the report ABB Ltd. (Switzerland), General Electric (U.S.), Schneider Electric
(France), Eaton Corporation (Ireland), Voltamp Transformer Ltd. (India), Hammond
Power Solution Inc. (Canada), Kirloskar Electric Company (India), Siemens AG
(Germany), Kotsons Pvt. Ltd (India), Jinpan International Ltd.(China), Crompton
Graves Ltd. (India), TBEA Transformer Industrial Group (China) and Virginia
Transformer Corp (U.S).
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