The global dry-type transformer market is anticipated to expand at a CAGR of 6.1% during the forecast period, 2021 – 2028. 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.
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 - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
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. |
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 Covered in the Report
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
Types
End Phases
Applications
Regions
Key Players
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.
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