Dry Transformer Market Trends Estimates High Demand by 2023

Market Highlights:

Dry type transformer does not utilize liquid where it is winding with core be immersed. Rather windings with core are kept in a sealed tank that is pressurized with air. It is fire resistant transformers and is suited to be installed in high-rise buildings, steel factories, hospitals, school, chemical plants, and other places wherever fire safety is of top importance. This transformer not causing any environmental deterioration, and is highly reliable over the years. Increasing investment in the renewable sector is rigorously driving the global dry transformer market. To reduce the dependency on conventional fossil fuels, many countries across the globe are diverting towards the renewable energy power generation. However, increasing reputation of bio-based and naphthenic transformer oil may hamper the growth of the market.

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Geographically, Asia Pacific region is the dominating as well as the fastest growing market for the dry transformer. Growing population along with improvement in the lifestyle is lead to increase the consumption of energy. The Middle East & Africa is another major region for the market. Rapid urbanization is the factor that considerably impacts the Gulf nations, leading to the eventual development of Smart cities, Megacities, and even Mega corridors of cities, as well as leading to the growing number of power plants in the region. This is expected to impact the power T&D sector, significantly.

Key Players

The prominent players in the dry transformer market include Hammond Power Solution Inc. (Canada), ABB Ltd.(Switzerland), Siemens AG (Germany), General Electric (U.S.), Jinpan International Ltd.(China), Schneider Electric (France), TBEA Transformer Industrial Group (China), Eaton Corporation (Ireland), Crompton Graves Ltd. (India), Voltamp Transformer Ltd.(India), Virginia Transformer Corp (U.S), Kirloskar Electric Company (India), and Kotsons Pvt. Ltd (India).

Market Research Analysis

For this study, the global dry transformer market has been divided into four segments type, service, elevator technology, and end user. By phase type, the market has been segmented into Single-Phase, and Three-Phase. The single-phase transformers are usually used in commercial low voltage application as electronic devices. They operate as step down voltage transformer and decrease the home voltage value to the value suitable for electronics supplying. A three-phase transformer is a three-legged iron core. Each leg has a particular primary and secondary winding. This is a more expensive solution and is used in high power system.

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By application, the market has been segmented into Industrial, Commercial, and others. The remarkable growth in the industrial sector across the world is generating an immense power requirement for the proper functioning of the sector. The high reliability of industrial sector towards power is enabling the growth for the power equipment in the sector. The huge amount of power consumption in the industrial sector with varying load capacity is expected to boost the dry transformer market during the forecast period. Commercial sector is also the primary application area of the market. The rise in the population resulting in urbanization across all major economies in the world is making a fruitful market for the dry transformer for this sector

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