Press release
Global Dry Type Transformer Market Research Report 2023
The major drivers for the market include rise in demand for electricity, eco-friendly product, and safety over liquid-filled transformers. On the Others hand, high cost, lack of investment by governments in grid stability, and load/no of losses are some of the factors restraining the market growth.The global Dry Type Transformer market was valued at US$ 5697.6 million in 2022 and is anticipated to reach US$ 7870.9 million by 2029, witnessing a CAGR of 4.6% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
By technology, the market includes cast resin dry type transformer and VPI dry type transformer. Market by voltage includes low and medium voltage. The applications segment includes Industrial, commercial, and Others applications. Market by phase includes single and three phase.
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https://reports.valuates.com/market-reports/QYRE-Auto-1Q8965/china-dry-type-transformer
Key Segmentations
By Company
Hammond Power Solutions Inc.
ABB Ltd.
Eaton Corporation
Siemens Ag
Crompton Greaves Ltd.
Voltamp Transformers Ltd.
Schneider Electric Se
Tbea Transformer Industrial Group
Jinpan International Ltd.
Bharat Heavy Electricals Ltd.
General Electric
Segment by Type
Low
Medium
Segment by Application
Industrial
Commercial
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Taiwan
Southeast Asia
India
Latin America
Mexico
Brazil
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