Dry Type Transformer Market is anticipated to grow at a considerable CAGR during 2021-2027

Dry type transformer market is analysed across North America, Europe, Asia-Pacific, and LAMEA. North America is expected to growth at the highest rate of 6.6% during the forecast period. The growth is attributed to growth in electricity demand in countries such as the U.S. Further, the growth potential of renewable energy sources in the U.S. is high.

Surge in demand for electricity across the globe for different end-uses and safety advantages over liquid transformers drive the growth of the global dry type transformer market. However, high cost associated with dry type transformer restrains the market growth. Furthermore, growing adoption of digital dry transformers and smart grids is expected to provide new growth opportunities in the near future.

Download Sample PDF: https://www.alliedmarketresearch.com/request-sample/952

Based on type, the dry type converter transformer segment contributed to the largest share in 2019, accounting for more than three-fifths of the total share, and is estimated to maintain its dominant position during the forecast period. However, the dry type rectifier transformer segment is estimated to portray the highest CAGR of 6.3% during the forecast period.

Based on phase, the single-phase dry type transformer accounted for the largest share in 2019, owing to its large-scale adoption in low voltage distribution applications. On the basis of voltage, the low-voltage dry type transformer accounted for the largest share in 2019 due to its use in industrial applications and in commercial and public buildings. The end use of dry type transformers includes industrial, commercial, and others.

The industrial end use segment accounted for the largest share in 2019, as the dry type transformers in industrial applications are numerous and key manufacturers of dry type transformers focus on providing specialized transformers suited for each application. Some of them are auto-transformers, transformers for pulse converters, photovoltaic application, wind power applications, earthing transformers, traction transformers, HV-HV transformers, and LV-LV transformers.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/952

Covid-19 scenario:

Disruptions in supply chain due to restrictions on logistic mobility and sluggish import export activities amid lockdown have impacted the market during Covid-19 pandemic.

On the other hand, the manufacturing activities of dry type transformers have been halted to avoid social gathering and curb the spread of coronavirus.

However, the demand for dry type transformer is expected to increase across the developing economies due to upgradation of existing grid infrastructure and installation of new smart grids to meet the growing demand for electricity after lifting up of lockdown.

The report offers a detailed segmentation of the global dry type transformer market based on type, technology, phase, voltage range, end-use, and region.

Get detailed COVID-19 impact analysis on the Dry Type Transformer Market: https://www.alliedmarketresearch.com/request-for-customization/952?reqfor=covid

About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.