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Dry type Transformer Market Size, Share & Growth Report 2031

Dry-type Transformer Market

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Segments - by Voltages (Low Voltage and Medium Voltage), Types (Power Transformer and Distribution Transformer), End Phases (Single Phase and Three Phase), Applications (Industrial, Commercial, and Others), And Regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast to 2023 - 2031

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Report Description

Dry-type Transformer Market Outlook 2031

The Dry-type Transformer Market was USD 6.18 Billion in 2022 and is likely to reach USD 11.17 Billion by 2031, expanding at a CAGR of 6.8% during 2023 – 2031. The growth of the market is attributed to its wide applicability in the distribution of electricity.

Transformers are electrical devices that transfer energy between two or more circuits through electromagnetic induction. ‘Dry type’ transformers refer to air-cooled devices that lack liquids to cool the electrical coils. Dry-type transformers have windings enclosed in sealed and pressurized tanks, and are air cooled.

These transformers provide safety against fire and leakage, which also reduces environmental and health concerns. Fire-resistant dry-type transformers are best suited for high-rise buildings, underground tunnels, steel factories, hospitals, school, chemical plants, and other places where fire safety is of paramount importance.

Dry-type transformers have proven to be highly reliable owing to its minimal environmental deterioration. These transformers are characterized by no fire risk, light weight, less volume, and low installation and maintenance cost, which make these transformers advantageous over oil type transformers. Dry-type transformers are moisture proof and have better impulse and short circuit strength.

Dry-type Transformer Market Trends, Drivers, Restraints, and Opportunities

Increasing percentage of renewable energy generation in the total electricity produced is expected to boost the dry-type transformers market.
Expansion of electricity distribution network across the globe and rapid industrialization in developing countries are anticipated to propel the market growth.
Growing population along with improvement in the lifestyle has increased the consumption of energy , which has positively impact the market growth.
High cost, lack of investment by governments, complex construction of dry transformer, and number of losses is to hinder the market.
Development of 3D core VPI transformer for the electric vehicle charging stations and increasing investments in the transmission and distribution (T&D) network are speculated to creates opportunities for the dry-type transformer market during the forecast period.

Scope of Dry-type Transformer Market Report

The report on the Global Dry type transformers market research report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Dry type transformers Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Voltages (Low Voltage and Medium Voltage), Types (Power Transformer, and Distribution Transformer), End Phases (Single Phase and Three Phase), Applications (Industrial, Commercial, and Others)
Regional Scope	North America, Latin America, Europe, Asia Pacific and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Siemens AG, Schneider Electric SE, TBEA, Hammond Power Solutions, and Crompton Greaves Limited.

Global Dry-type transformers Market Segment Insights

Low voltage segment to account a major market share

Based on voltages, the market is divided into low voltage and medium voltage. The low voltage segment is anticipated to account for a major market share owing to its increasing use in low-voltage industrial applications and commercial and public buildings. Low voltage transformers are manufactured by vacuum pressure impregnation (VPI) technology, which further depends on the application.

Distribution transformer segment to hold a significant market share

Based on types, the global dry-type transformers market is segmented into power transformer and distribution transformer. The distribution transformer segment is expected to hold a significant market share in the projected timeline. Distribution transformer are designed to offer maximum efficiency at lower loads. Voltage regulation in these transformers are kept minimum, in order to improve efficiency. This type of transformer has various applications, ranging from residential building to small commercial complexes.

Single phase segment to dominant the market share

Based on end phases, the market is segregated into single phase and three phase. The single phase segment is speculated to dominant the market share owing to its large-scale adoption in low voltage distribution applications. On the other hand, the three phase segment is expected to grow at a steady rate in the coming years.

Industrial segment to hold a considerable market share

Based on applications, the global dry-type transformers market is classified as industrial, commercial, and others. The industrial segment accounted for a considerable market share in 2020 owing to its large-scale adoption in marine, chemical, oil & gas, renewable energy generation, and railway, among others. Key manufacturers focus on providing specialized transformers suited for each application.

Asia Pacific to dominant the market share

Based on the regions, the global dry-type transformers market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominant the market share owing to the growing industrialization and urbanization. The major factors such as presence of highly populated countries such as India and China and new electrification projects in industrial, commercial, and infrastructure sectors are driving the regional market growth.

Segments

The global dry-type transformers market has been segmented on the basis of
Voltages (Low Voltage and Medium Voltage), Types (Power Transformer, and Distribution Transformer), End Phases (Single Phase and Three Phase),

Voltages

Low Voltage
Medium Voltage

Types

Power Transformer
Distribution Transformer

End Phases

Single Phase
Three Phase

Applications

Industrial
Commercial
Others

Regions

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Key Players

Siemens AG
Schneider Electric SE
TBEA
Hammond Power Solutions
Crompton Greaves Limited

Competitive Landscape

The key players operating in the global dry-type transformers market includes Siemens AG, Schneider Electric SE, TBEA, Hammond Power Solutions, and Crompton Greaves Limited.

Global Dry Type Transformer Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Dry-type Transformer Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Dry-type Transformer Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Dry-type Transformer Market - Supply Chain
  4.5. Global Dry-type Transformer Market Forecast
     4.5.1. Dry-type Transformer Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Dry-type Transformer Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Dry-type Transformer Market Absolute $ Opportunity
5. Global Dry-type Transformer Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Dry-type Transformer Market Size and Volume Forecast by Types
     5.3.1. Power Transformer
     5.3.2. Distribution Transformer
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Dry-type Transformer Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Dry-type Transformer Market Size and Volume Forecast by Applications
     6.3.1. Industrial
     6.3.2. Commercial
     6.3.3. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Dry-type Transformer Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Dry-type Transformer Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Dry-type Transformer Demand Share Forecast, 2019-2026
8. North America Dry-type Transformer Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Dry-type Transformer Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Dry-type Transformer Market Size and Volume Forecast by Types
     8.4.1. Power Transformer
     8.4.2. Distribution Transformer
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Dry-type Transformer Market Size and Volume Forecast by Applications
     8.7.1. Industrial
     8.7.2. Commercial
     8.7.3. Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Dry-type Transformer Demand Share Forecast, 2019-2026
9. Latin America Dry-type Transformer Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Dry-type Transformer Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Dry-type Transformer Market Size and Volume Forecast by Types
     9.4.1. Power Transformer
     9.4.2. Distribution Transformer
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Dry-type Transformer Market Size and Volume Forecast by Applications
     9.7.1. Industrial
     9.7.2. Commercial
     9.7.3. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Dry-type Transformer Demand Share Forecast, 2019-2026
10. Europe Dry-type Transformer Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Dry-type Transformer Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Dry-type Transformer Market Size and Volume Forecast by Types
     10.4.1. Power Transformer
     10.4.2. Distribution Transformer
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Dry-type Transformer Market Size and Volume Forecast by Applications
     10.7.1. Industrial
     10.7.2. Commercial
     10.7.3. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Dry-type Transformer Demand Share Forecast, 2019-2026
11. Asia Pacific Dry-type Transformer Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Dry-type Transformer Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Dry-type Transformer Market Size and Volume Forecast by Types
     11.4.1. Power Transformer
     11.4.2. Distribution Transformer
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Dry-type Transformer Market Size and Volume Forecast by Applications
     11.7.1. Industrial
     11.7.2. Commercial
     11.7.3. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Dry-type Transformer Demand Share Forecast, 2019-2026
12. Middle East & Africa Dry-type Transformer Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Dry-type Transformer Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Dry-type Transformer Market Size and Volume Forecast by Types
     12.4.1. Power Transformer
     12.4.2. Distribution Transformer
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Dry-type Transformer Market Size and Volume Forecast by Applications
     12.7.1. Industrial
     12.7.2. Commercial
     12.7.3. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Dry-type Transformer Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Dry-type Transformer Market: Market Share Analysis
  13.2. Dry-type Transformer Distributors and Customers
  13.3. Dry-type Transformer Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Siemens AG
     13.4.2. Schneider Electric SE
     13.4.3. TBEA
     13.4.4. Hammond Power Solutions
     13.4.5. Crompton Greaves Limited

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