Global Dry Transformer Market Overview
Market Research Future (MRFR) reports that the global dry
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. 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. It is fire resistant transformers and is
suited to be installed in high-rise buildings, steel factories, hospitals,
school, chemical plants, and other places wherever fire safety is of top
importance. This transformer not causing any environmental deterioration, and
is highly reliable over the years. Increasing investment in the renewable
sector is rigorously driving the global dry transformer market.
Dry Transformer Market Segmentation:
MRFR’s report also includes a detailed segmental analysis of
the Global
Dry Transformer 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.
Global
Dry Transformer Market: 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.
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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