Press release
North America Dry Type Transformer Market Is Growing In Huge Demand By 2025 By Top Key Players Vendorssiemens, Weg, Eaton, Power, Pioneer, Rex Power
The North America dry type transformer market has lately been growing at a remarkable pace, characterized by the rapid advancements in technologies, followed by a favorable inclination towards the revamping of conventional insulation technologies. The product’s exceptional endurance in extreme weather conditions in alignment with the abolition of leakages and spills has been helping it consolidate its popularity graph across North America. The regional industry, not to mention, has also received momentum on account of the product’s resistivity to short circuits and rapid current flow, as well as the operational safety and security across indoor deployment.
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Accelerated investments toward the advancement of long-route electricity networks across U.S., Canada and Mexico will drive the dry type transformer market. For instance, in 2017, the U.S. government has planned to invest USD 10 billion for the development of new power distribution systems to considerably alleviate the curtailment rate of Western transmission networks.
The robust adoption of renewable sources for electricity generation will thus reinforce the demand for dry type transformers and numerous other electric components, further catapulting the North America dry type transformer market in the near future.
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Endorsed by a massive application terrain, the North America dry type transformer market is forecast to traverse alongside a highly profitable remuneration graph in the expected timeline. According to estimates, the valuation of the North America dry type transformer market would cross US$1.5 billion by 2025.
Reliable operational performance along with rapid technological improvements in the existing product will drive the cast resin dry type transformers market. Increasing focus of product manufacturers toward extending product applications and efficient technological developments will complement the industry outlook.
Partial Table of Contents (ToC) of the report:
Chapter 4 North America Dry Type Transformer Market, By Core
4.1 North America dry-type transformer market share by core, 2018 & 2025
4.2 Closed
4.2.1 North America dry-type transformer market from closed, 2014 - 2025
4.2.2 North America dry-type transformer market from closed, by country, 2014 - 2025
4.3 Shell
4.3.1 North America dry-type transformer market from shell, 2014 - 2025
4.3.2 North America dry-type transformer market from shell, by country, 2014 - 2025
4.4 Berry
4.4.1 North America dry-type transformer market from berry, 2014 - 2025
4.4.2 North America dry-type transformer market from berry, by country, 2014 - 2025
Chapter 5 North America Dry Type Transformer Market, By Technology
5.1 North America dry-type transformer market share by technology, 2018 & 2025
5.2 Self-air
5.2.1 North America dry-type transformer market from self-air, 2014 - 2025
5.2.2 North America dry-type transformer market from self-air, by country, 2014 - 2025
5.3 Air-blast
5.3.1 North America dry-type transformer market from air-blast, 2014 - 2025
5.3.2 North America dry-type transformer market from air-blast, by country, 2014 - 2025
Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/north-america-dry-type-transformer-market
The contribution of renewables in meeting the global energy demand is predicted to increase by one-fifth in the coming years to reach 12.4% in 2023, claims a report by the International Energy Agency. In addition, renewables are estimated to depict the fastest growth in the electricity sector, responsible for providing nearly 30% of the power demand in 2023 – a significant upsurge from 24% in 2017. The IEA report further claims that during this period, renewables are anticipated to meet over 70% of global electricity generation growth, with solar PV in the lead, followed by bioenergy, hydropower and wind. North America is anticipated to be a significant contributor toward this renewable energy mix in the future.
Prominent players across North America dry type transformer market includes GE, Toshiba, ABB, Schneider, Siemens, WEG, Eaton, Power, Pioneer, Rex Power, Olsun, MGM, Niagara Transformers, Hammond, CG, Neeltran, Marcus, Virginia & Georgia Transformers, Atlas Deemsa and Electric Power amongst others.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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