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U.S. Dry Type Transformer Market Share

Report ID: GMI6638
Published Date: Sep 2023
Report Format: PDF

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U.S. Dry Type Transformer Market Share

Some of the major companies operating across the U.S. dry type transformer market are:

ABB
GE
Eaton
Schneider Electric
Siemens Energy
Hitachi Energy Ltd
CG Power & Industrial Solutions Ltd.
Toshiba Energy Systems & Solutions Corporation,
Raychem RPG Private Limited
Instrument Transformer Equipment Corporation
Fuji Electric Co., Ltd.,
WEG.

These companies focus on mergers and strategic partnerships for market expansion. Furthermore, these companies are increasingly investing in research & development activities, which enable them to introduce innovative services and garner maximum revenue in the market.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size for dry type transformer in the U.S. reached USD 2.1 billion in 2023 and may witness 8% CAGR from 2024 to 2032, owing to the escalating environmental concerns and the surging implementation of energy efficiency regulations.

U.S. two winding dry type transformer industry is poised to depict significant momentum through 2032, driven by the surging need for reduced energy consumption and lower operating costs.

The industries application segment held more than 40% of the U.S. dry type transformer market share in 2022, due to the growing focus on incorporating extensive frequency distribution networks coupled with the heightened concerns regarding energy efficiency.

Some of the key companies include ABB, GE, Eaton, Schneider Electric, Siemens Energy, Hitachi Energy Ltd., CG Power & Industrial Solutions Ltd., Toshiba Energy Systems & Solutions Corporation, and Raychem RPG Private Limited among others.