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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