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North America Dry Type Transformer Market Trends

Report ID: GMI3176
Published Date: Aug 2023
Report Format: PDF

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North America Dry Type Transformer Market Trends

The North America dry type transformer market is characterized by several significant trends. The increasing emphasis on sustainability and environmental considerations is driving the adoption of dry type transformers due to their eco-friendly and fire-resistant properties compared to oil-filled counterparts. The transition towards renewable energy sources and the growth of distributed generation systems are fostering the demand for dry type transformers in solar and wind energy installations. The rise of smart grids and digitalization is pushing the integration of intelligent features in dry type transformers for better monitoring, control, and predictive maintenance.

Furthermore, urbanization and infrastructure development are propelling the requirement for reliable power distribution, boosting the utilization of dry type transformers in commercial buildings and industrial facilities. The market is also showcasing advancements in insulation materials and design, aiming to enhance efficiency and reduce energy losses, which is complementing the North America dry type transformer market.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of dry type transformer in North America was exceeded USD 2.8 billion in 2022 and will reach over USD 6.6 billion by 2032, due to the heightened focus on energy efficiency, coupled with stringent environmental regulations worldwide.

North America dry type transformer market size from the shell core segment is expected to register 8.5% CAGR from 2022 to 2032, on account of increasing focus on energy efficiency and sustainability.

North America dry type transformer market size from the distribution transformer segment registered over 51% share in 2022, on account of its extensive deployment within electric networks.

ABB, General Electric, Eaton, Schneider Electric, Siemens Energy, Hitachi Energy Ltd., CG Power & Industrial Solutions Ltd., and Toshiba Energy Systems & Solutions Corporation.