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In 2022, the dry transformer market size was estimated at USD 5.5 billion. According to projections, the Dry Transformer market business will increase from USD 5.9 billion in 2023 to USD 10.5 billion by 2030, with a compound annual growth rate (CAGR) of 8.48% during the course of the study's 2023–30 prediction period. The rapid industrialization of developing nations and the building of electricity distribution networks on a global scale are the main market factors boosting the need for Dry transformers.
The market CAGR for Dry Transformer additives is driven by the growing expansions of electricity networks. The market expanded as a result of its broad applicability in electricity distribution. Industries of various sizes use equipment that has certain voltage needs. Due to the importance of fire safety in certain industries, some industries, like mining, oil & gas, and marine, have specific voltage requirements.
Countries have also pledged to increase the adoption of renewable energy generation in the total amount of power produced in order to lessen the dependence on coal-based electricity generation. Due to its design and safety features, dry-type transformers have taken the role of wet transformers in the renewable energy industry. Safety is given more weight in the energy sector, therefore dry-type transformers, which offer more protection, are increasingly preferred in the greener energy sector. This is one of the market's main motivating factors.
The development of technology that can aid in accomplishing environmental goals is further a result of the explosive growth in the use of environmental products. Due to their slow cooling rates, liquid-fill transformers are vulnerable to security and safety risks that could result in leaks from overheating. The dry-type transformer is a practical replacement for liquid-fill transformers since it stops spills and leaks. Additional agreements are needed to handle environmental and fire concerns since liquid-fill transformers pose a significant fire risk. As a result, there are now more chances for dry-type transformers globally as the use of eco-friendly products in the construction and enhancement of power infrastructure is taken into account. The development of outdated power transmission and distribution systems is anticipated to fuel market expansion. Transmission and distribution networks have grown as a result of the upward trend brought on by the fast industrialization and increase in domestic energy demand. There will certainly be several chances for the market as a result of the increasing demand for modern, intelligent power distribution infrastructure. driving the Dry Transformer market's income in this way.
Cast resin and vacuum pressure impregnated are two types of segments included in the Dry Transformer market segmentation. Due to widespread usage in places like public spaces, general buildings, wind farms, solar farms, industrial facilities, and commercial locations like airports and railroads, the cast resin segment dominated the market. In this transformer, the live section consists of a core, and the internal windings are enclosed in a fluid resin.
However, because to its characteristics, such as the absence of liquid leakage, the absence of explosion or fire risk, and its high mechanical strength, the vacuum pressure impregnated is predicted to experience considerable growth throughout the projection period. In this, an epoxy varnish impregnates the live part while being applied pressure and in a vacuum environment. It provides outstanding fire protection ratings and allows access to the live component following impregnation.
Report Coverage
Global Dry Transformer research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Dry Transformer report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Dry Transformer competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Dry Transformer market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Dry Transformer market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Dry Transformer market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Hammond Power Solution Inc. (Canada), ABB Ltd. (Switzerland), Siemens AG (Germany), General Electric (U.S.), Jinpan International Ltd. (China), and Schneider Electric (France).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Dry Transformer market based on the below-mentioned segments:
Global Dry Transformer Market, By Type
Cast Resin
Vacuum Pressure Impregnated
Global Dry Transformer market, By Application
Industrial
Commercial
Others
Global Dry Transformer Market, By Voltage Range
Low
Medium
Global Dry Transformer market, Regional Analysis
The market CAGR for Dry Transformer additives is driven by the growing expansions of electricity networks. The market expanded as a result of its broad applicability in electricity distribution. Industries of various sizes use equipment that has certain voltage needs. Due to the importance of fire safety in certain industries, some industries, like mining, oil & gas, and marine, have specific voltage requirements.
Countries have also pledged to increase the adoption of renewable energy generation in the total amount of power produced in order to lessen the dependence on coal-based electricity generation. Due to its design and safety features, dry-type transformers have taken the role of wet transformers in the renewable energy industry. Safety is given more weight in the energy sector, therefore dry-type transformers, which offer more protection, are increasingly preferred in the greener energy sector. This is one of the market's main motivating factors.
The development of technology that can aid in accomplishing environmental goals is further a result of the explosive growth in the use of environmental products. Due to their slow cooling rates, liquid-fill transformers are vulnerable to security and safety risks that could result in leaks from overheating. The dry-type transformer is a practical replacement for liquid-fill transformers since it stops spills and leaks. Additional agreements are needed to handle environmental and fire concerns since liquid-fill transformers pose a significant fire risk. As a result, there are now more chances for dry-type transformers globally as the use of eco-friendly products in the construction and enhancement of power infrastructure is taken into account. The development of outdated power transmission and distribution systems is anticipated to fuel market expansion. Transmission and distribution networks have grown as a result of the upward trend brought on by the fast industrialization and increase in domestic energy demand. There will certainly be several chances for the market as a result of the increasing demand for modern, intelligent power distribution infrastructure. driving the Dry Transformer market's income in this way.
Cast resin and vacuum pressure impregnated are two types of segments included in the Dry Transformer market segmentation. Due to widespread usage in places like public spaces, general buildings, wind farms, solar farms, industrial facilities, and commercial locations like airports and railroads, the cast resin segment dominated the market. In this transformer, the live section consists of a core, and the internal windings are enclosed in a fluid resin.
However, because to its characteristics, such as the absence of liquid leakage, the absence of explosion or fire risk, and its high mechanical strength, the vacuum pressure impregnated is predicted to experience considerable growth throughout the projection period. In this, an epoxy varnish impregnates the live part while being applied pressure and in a vacuum environment. It provides outstanding fire protection ratings and allows access to the live component following impregnation.
Report Coverage
Global Dry Transformer research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Dry Transformer report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Dry Transformer competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Dry Transformer market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Hammond Power Solution Inc. (Canada), ABB Ltd. (Switzerland), Siemens AG (Germany), General Electric (U.S.), Jinpan International Ltd. (China), and Schneider Electric (France). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Dry Transformer Market from 2021 to 2030.
- Market Forecast for Dry Transformer Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Dry Transformer competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Dry Transformer
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Dry Transformer market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Dry Transformer market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Hammond Power Solution Inc. (Canada), ABB Ltd. (Switzerland), Siemens AG (Germany), General Electric (U.S.), Jinpan International Ltd. (China), and Schneider Electric (France).
Primary Target Market
- Market Players of Dry Transformer
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Dry Transformer market based on the below-mentioned segments:
Global Dry Transformer Market, By Type
Cast Resin
Vacuum Pressure Impregnated
Global Dry Transformer market, By Application
Industrial
Commercial
Others
Global Dry Transformer Market, By Voltage Range
Low
Medium
Global Dry Transformer market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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