Dry-type Transformer Market
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 2028
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.
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 the 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 - 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. |
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
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
- 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.
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 (000’ 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
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 (000’ 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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