This report provides exclusive insights into the COVID-19 impact on the Dry-type Transformers Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Dry-type Transformers Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Dry-type Transformers Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
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
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.