A recent report published by Infinium Global Research on dry-type transformers market provides an in-depth analysis of segments and sub-segments in the global as well as regional dry-type transformers market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional dry-type transformers market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global dry-type transformers market. According to the report, the global dry-type transformers market is projected to grow at a CAGR of 6.2% over the forecast period of 2019-2025.
Dry-type transformers are voltage changing device (step-up or step-down) or isolation device. This makes the installation process easier because they are dry and do not require cooling oil. Dry-type Transformers suitable for indoor and outdoor applications anywhere that safe and dependable power are important. This device has no moving parts; it is a static device that uses environmentally friendly temperature insulation systems. Additionally, it requires low maintenance to provide many years of reliable trouble-free service. Open wound transformer, vacuum pressure impregnated (VPI), vacuum pressure encapsulated (VPE) and cast coil is some types of dry-type transformers.
Dry-type transformers are safe, eco-friendly, fire-resistant, explosion-proof, easy to install and easy to maintain, lightweight, less volume which helps the growth of dry-type transformers market. Furthermore, growing demand for dry-type transformers in electronics industries, high rise buildings, nuclear stations, textile plants, material handling, theaters & multiplexes, chemicals plants, oil plants, hospitals, steel factories, and underground tunnel and other places drive the growth of the market. Apart from this, the expansion of renewable power generation capacity is expected to boosting the growth of the global dry-type transformers market. However, dry-type transformers are not being suitable for more than 2000KVA could restrain the market growth. Furthermore, Ongoing technological advancements coupled with an inclination toward the replacement of traditional insulation technologies provide the growth opportunities for the market in the coming years. Increasing investments in the transmission and distribution networks globally have provided a tremendous opportunity for the market.
Among the region, Asia-Pacific dominates the global dry-type transformers market, in terms of volume followed by North America, Europe. The rate of industrialization, improvements in the standard of living, upcoming smart city projects in India have a positive impact on the dry-type transformers in the Asia-Pacific region. Going further, Brazil, South Africa and Saudi Arabia are some countries likely to increase the overall growth of the global dry-type transformers market owing to the increasing investments in infrastructure development coupled with growing industrialization.
The report on global dry-type transformers market covers segments such as technology, voltage, phase, and application. On the basis of technology, the sub-markets include cast resin, and vacuum pressure impregnated. On the basis of voltage, the sub-markets include low, and medium. On the basis of phase, the sub-markets include single phase, and three phase. On the basis of application, the sub-markets include industrial, commercial, and other application.
The report provides profiles of the companies in the market such as General Electric Company, Bharat Heavy Electricals Limited, Jinpan International USA Ltd, Schneider Electric SE, Voltamp Transformers, CG Power and Industrial Solutions Limited, Siemens AG, Eaton Corporation Inc, ABB, and Hammond Power Solutions Inc
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of dry-type transformers market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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