>
>
Dry Type Transformer Market - By Core, By Technology, By Insulation, By Product, By Winding, By Rating, By Mounting, By Application, Growth Forecast 2025 – 2034
Download Free PDF

Dry Type Transformer Market
Get a free sample of this reportGet a free sample of this report Dry Type Transformer Market
Is your requirement urgent? Please give us your business email for a speedy delivery!
Buy Now
$4,123 $4,850
15% off
$4,840 $6,050
20% off
$5,845 $8,350
30% off
Buy now
Premium Report Details
Base Year: 2024
Companies covered: 16
Tables & Figures: 20
Countries covered: 21
Pages: 80
Download Free PDF
Dry Type Transformer Market Size
The global dry type transformer market size was assessed at USD 19.1 billion in 2024 and is envisioned to witness a CAGR of 8.5% from 2024 to 2034. Federal entities are increasingly investing in critical electricity transmission and distribution infrastructure to bolster grid flexibility and power system resilience. Governments worldwide are planning transformative projects through various investments to enhance grid reliability.
As energy-efficient transformers gain prominence for their role in curbing operational costs and adhering to environmental regulations, dry-type transformers, known for their reduced energy losses relative to oil-filled counterparts, stand to benefit significantly. Furthermore, the surging adoption of renewable energy sources—like solar, wind, and hydropower—fuels the demand for dry-type transformers in energy conversion systems, underscoring the importance of reliability and low maintenance. The International Energy Agency reports that renewable energy sources accounted for nearly 30% of global electricity generation in 2023, highlighting the growing need for efficient energy conversion systems.
Dry Type Transformer Market Trends
Innovations enhancing efficiency, minimizing size, and bolstering operational reliability are shaping the evolution of the dry-type transformer market. According to the U.S. Department of Energy, energy-efficient transformers can reduce energy losses by up to 30%. Urban growth and the development of smart cities are increasing the demand for reliable power distribution systems. Dry-type transformers are commonly used in these environments, especially in areas that require a cleaner, safer, and more space-efficient solution.
Dry Type Transformer Market Analysis
The market is categorized by core types, including closed, shell, and berry cores. The closed core segment is anticipated to exceed a valuation of USD 21.6 billion by 2034. The closed-core dry-type transformer design is compact and space-efficient, making it ideal for use in buildings, factories, and urban areas where space is a premium. The growing trend of urbanization and the demand for power in dense urban centres are pushing the demand for such compact transformer solutions. With the increasing focus on reducing energy consumption and operational costs, the demand for energy-efficient transformers is growing.
The dry type transformer market is segmented by mounting types, including pad-mounted, pole-mounted, and others. Pole-mounted dry-type transformers are projected to grow at a compound annual growth rate (CAGR) exceeding 8.8% by 2034. Pole-mounted dry-type transformers are ideal for providing power to remote, rural, or suburban areas where space for ground-level transformers may be limited. As governments and utilities invest in rural electrification to improve living standards, the need for pole-mounted solutions is increasing. With the rise of smart grids, pole-mounted dry-type transformers are being used more frequently to help integrate distributed energy resources (DERs) and improve grid efficiency.
U.S. dry type transformer market is projected to exceed USD 678.5 million by 2034. The U.S. move towards greener and more sustainable energy systems, dry-type transformers are seen as more environmentally friendly compared to their oil-filled counterparts. They do not use oil, eliminating the risk of leaks and spills, which is increasingly important as industries focus on reducing environmental impact.
The shift towards smarter, more decentralized grids in the European region is a significant growth driver. Dry-type transformers are ideal for use in these grids, which often integrate renewable energy sources, because they provide a reliable and efficient means of transforming and distributing power in more distributed or off-grid systems. With the rise of electric vehicles (EVs) and the expansion of EV charging networks in the region, dry-type transformers are essential for transforming voltage to the required levels at charging stations.
Dry Type Transformer Market Share
ABB has emerged as a prominent player in the market. Companies with a larger market share often have greater control over pricing strategies. With economies of scale, these companies can reduce production costs, which may allow them to offer more competitive prices or generate higher profit margins compared to smaller players. This can be a significant advantage in price-sensitive markets.
Dry Type Transformer Market Companies
Some of the key market players operating across the dry type transformer industry are:
Dry Type Transformer Industry News:
Dry type transformer market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue and volume “USD Million and ‘000 Units” from 2021 to 2034, for the following segments:
Click here to Buy Section of this Report
Market, By Core, 2021 – 2034 (USD Million & ‘000 Units)
Market, By Technology, 2021 – 2034 (USD Million & ‘000 Units)
Market, By Insulation, 2021 – 2034 (USD Million & ‘000 Units)
Market, By Product, 2021 – 2034 (USD Million & ‘000 Units)
Market, By Winding, 2021 – 2034 (USD Million & ‘000 Units)
Market, By Rating, 2021 – 2034 (USD Million & ‘000 Units)
Market, By Mounting, 2021 – 2034 (USD Million & ‘000 Units)
Market, By Application, 2021 – 2034 (USD Million & ‘000 Units)
The above information has been provided for the following regions and countries: