Asia Pacific Dry Type Distribution Transformer Market Analysis

Asia Pacific Dry Type Distribution Transformer Market Analysis

The shell dry type distribution transformer market is likely to reach over 1.5 billion by 2032. Large scale integration of renewable energy sources including solar and wind along with paradigm shift toward the deployment of transformers with remote monitoring and diagnostics capabilities will escalate the business potential. Governments and regulatory bodies are implementing stricter energy efficiency standards and safety regulations for electrical equipment, which in turn will foster the industry growth.
 

The open wound dry type distribution transformer market is projected to achieve a CAGR of over 11.5% by 2032. The favorable regulatory frameworks and increasing infrastructure investments will augment the business landscape. For instance, in September 2022, Hitachi. launched RESIBLOC, a rail dry-type traction transformer capable of delivering voltages up to 25 kV. Additionally, implementation of stringent government regulations to reduce carbon footprint in line with surging urbanization rate will favor the business landscape.
 

China distribution transformer market is set to surpass USD 1.25 billion by 2032. Increasing population and ongoing expansion of small & medium scale industries will favor the industry scenario. The extensive investments by the public and private players across various sectors, including manufacturing, automotive, and electronics, will drive the product deployment. Increasing emphasis on quality, safety, and environmental standards coupled with increasing demand for electricity will augment the business landscape.