Dry type Transformer Market to exceed $9bn by 2024
Published Date: November 22, 2017 Author: Global Market Insights, Inc.
Dry Type Transformer Market size will exceed USD 9 billion by 2024, as reported in the latest study by Global Market Insights, Inc.
Dry type transformer market is projected to witness upsurge owing to its economical cost structure along with efficient noiseless operations. Effective applicability across underground substations coupled with expanding medium & low voltage renewable networks will foster the product deployment. The technology has gained appreciable penetration across industrial establishments on account of its lower toxicity when compared to its conventional counterparts. Thereby, advancing product precision coupled with growing demand for sustainable units will positively impact the business outlook.
UK dry type transformer market is set to reach over 14,000 annual unit installations by 2024. Stringent energy efficiency norms coupled with advancing smart transformer technologies will positively influence the industry growth. Utilities and private participants in line with the renewable targets led by the European Union have aligned their focus towards the expansion of sustainable electric networks. Thereby, pragmatic adoption of low and medium renewable systems across suburban establishments will boost the product demand.
Rapid economic proliferation across developing regions adhered by expanding commercial and industrial establishments will drive the Vacuum Pressure Impregnated (VPI) dry type transformer market. Sustainable mechanical and short circuit strength complemented by minimized leakage and fire hazard tendencies will fuel the business growth. In addition, rapid technological enhancements have led to significant improvement in terms of efficiency and operational flexibility which in turn have instituted a favorable business scenario.
Three phase dry type transformer market is projected to witness growth of over 9% by 2024. The industry has undergone significant upsurge on account of growing inclination towards the establishment of a sustainable grid infrastructure to ensure security of supply. Ongoing electrification reforms to cater the rising demand coupled with competitive cost structure and operational reliability will encourage the product deployment.
Browse key industry insights spread across 950 pages with 2084 market data tables & 17 figures & charts from the report, “Dry type Transformer Market Size By Core (Closed, Shell, Berry), By Technology (Self-air, Air-blast), By Insulation (Class R, Class H, Class F, Class B, Class A), By Product (Open Wound, Cast Resin, Vacuum Pressure Impregnated, Vacuum Pressure Encapsulated), By Phase (Single, Three), By Installation (Outdoor, Indoor), By Winding (Two-winding, Auto-transformer), By Rating (< 5 MVA, 5 MVA to 30 MVA, > 30 MVA), By Mounting (Pad, Pole, PC/PCB), By Application (Industries, Inner-city Substations, Indoor/Underground Substations, Renewable Generation), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, France, Russia, Italy, Austria, Spain, Netherlands, Denmark, Sweden, China, Australia, India, Japan, South Korea, Indonesia, Singapore, Thailand, New Zealand, Philippines, Saudi Arabia, UAE, Qatar, Kuwait, Bahrain, Oman, Turkey, South Africa, Nigeria, Algeria, Egypt, Brazil, Peru, Argentina), Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
Ongoing technological advancements coupled with rising inclination towards the replacement of conventional insulated systems will augment the dry type transformer market. Elimination of spills & leakage coupled with effective operations under climatic extremities will further uplift the product demand. Furthermore, improved surge resistance adhered by effective short circuit protection will positively influence the industry growth.
The U.S. dry type transformer market will grow pertaining to ongoing upgradation of existing grid infrastructure along with rapid deployment of cost effective distribution systems. The industry in line with favorable energy efficiency reforms coupled with rapid adoption of advance transformation units will complement the business landscape.
Africa dry type transformer market was valued over USD 200 million in 2016. The region on account of high end dependency on imports adhered by in-effective grid infrastructure possess substantial growth opportunities. Ongoing investments from financial institutions to establish a sustainable electric network along with rapid deployment of renewable energy systems will stimulate the product demand.
Notable participants across the dry type transformer market include WEG, CG, ABB, Meramec, Schneider, Siemens, Fuji Electric, GE, KONCAR, Raychem, ITEC, Toshiba, EATON, TRENCH, Abaft, Kirloskar, BHEL, Mehru, Voltamp, Celme, and Ruhstrat.
Dry type transformer market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2013 to 2024, for the following segments:
Dry type Transformer Market, By Core
Dry type Transformer Market, By Technology
- Air blast
Dry type Transformer Market, By Insulation
- Class R
- Class H
- Class F
- Class B
- Class A
Dry type Transformer Market, By Product
- Open wound
- Cast resin
- Vacuum Pressure Impregnated (VPI)
- Vacuum Pressure Encapsulated (VPE)
Dry type Transformer Market, By Phase
Dry type Transformer Market, By Installation
Dry type Transformer Market, By Winding
- Auto transformer
Dry type Transformer Market, By Rating
- < 5 MVA
- 5 MVA to 30 MVA
- > 30 MVA
Dry type Transformer Market, By Mounting
Dry type Transformer Market, By Application
- Inner-city substations
- Indoor/Underground substations
- Renewable generation
The above information is provided on a country basis for the following:
- North America
- Asia Pacific
- South Korea
- New Zealand
- Middle East
- Saudi Arabia
- South Africa
- Latin America