Dry Transformer Market 2019 Global Industry Size Estimation, Share, Future Demand, Prominent Players, Dynamics, Drivers and Research Methodology by 2023
Dry Transformer Market Research Report, By Type (Cast Resin, And Vacuum Pressure Impregnated), By Phase Type (Single-Phase, And Three-Phase), By Voltage Range (Low, And Medium), By Application (Industrial, Commercial, And Others) – Analysis and Global Forecast Till 2023
Pune, India – June 10, 2019 /MarketersMedia/ —
MRFR has a newly added “Global Dry Transformer Market Research Report” that gives meticulous investigation of current scenario of the market size, share, future trends, demand, growth, upcoming opportunities and forecast in the coming years.
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.
Prominent 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).
Get Free Sample Copy of “Dry Transformer Market Report” at: https://www.marketresearchfuture.com/sample_request/5569
Dry Transformer Market Scenario:
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.
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. To reduce the dependency on conventional fossil fuels, many countries across the globe are diverting towards the renewable energy power generation. However, increasing reputation of bio-based and naphthenic transformer oil may hamper the growth of the market.
Dry Transformer Market Segmentation
For the purpose of this study, the global dry transformer market has been divided into four segments such as type, phase type, voltage range, and application.
By type, the market has been segmented into cast resin, and vacuum pressure impregnated.
By voltage range, the market has been segmented into low voltage and medium voltage.
By phase type, the industry has been segmented as single-phase, and three-phase.
By application, the market has been segmented as industrial, commercial, and others
By region, the global dry transformer Industry covers its growth opportunities and latest trends across main four regions like North America, Europe, Asia-Pacific, Middle East & Africa.
Regional Analysis:
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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