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.
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.
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.
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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Research Future:
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