North America Dry Type Transformer Market size to exceed $1.5bn by 2025
Published Date: March 18, 2019
North America Dry Type Transformer Market size will exceed USD 1.5 billion by 2025; according to a new research report by Global Market Insights, Inc.
Rapid technological enhancements followed by favorable industrial inclination toward the revamping of conventional insulation technologies will boost the North America dry type transformer market. Exceptional endurance in extreme weather conditions in line with abolition of spills and leakages will drive the product demand. In addition, resistivity to rapid current flow & short circuits aligned with operational security and safety across indoor deployment will augment the industry growth.
Shell core transformers are predicted to surpass an annual installation of over 5’000 units by 2025. In the recent years, these units have witnessed a considerable unit demand owing to improved productivities & economical cost structure in comparison to the traditional closed core units. Moreover, high-end product versatility in line with the incorporation of smart monitoring technologies will further flourish the market.
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Pole-mounted transformers have witnessed appreciable market growth on account of large unit deployment to serve the long-distance power distribution. Distant load centers across the region with minimal grid access offer immense potential for technological development which will further enhance the dry type transformer market.
Efficient compatibility in high-tension applications coupled with advanced cooling properties, in comparison to its competitive counterparts will thrust the self-air technology across the dry type transformer market. Over the years, the product has gained significant integration pertaining to its optimal cooling strength & ease-of-installation. Health, fire hazards and leakages related to these units may however confine the product adoption.
Browse key industry insights spread across 317 pages with 436 market data tables & 48 figures & charts from the report, “North America 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 Voltage (2.5 kV to 10 kV, > 10 kV to 30 kV, > 30 kV to 50 kV, > 50 kV to 70 kV, > 70 kV), By Mounting (Pad, Pole), By Application (Industries, Inner-city Substations, Indoor/Underground Substations, Renewable Generation), By End Use (Residential & Commercial, Industrial, Utility), Industry Analysis Report, Regional Outlook, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Class A and B units witness wide application across electrical infrastructure with low transformation capacity and comparatively lower peak demand. These transformers have observed marginal industry demand on account of the low consumer apprehension and substantial competitive influence from conventional insulation units. However, compact configuration, insulating property and effective cost structure are few indispensable elements driving the overall dry type transformer market.
In the current scenario, cast resin units have witnessed an upsurge on account of their rapid technological developments and reliable operational performance. Manufacturers across the region, have continually been focusing towards the diversification of product applications and efficient technological advances which in turn will stimulate the overall dry type transformer market share.
North American nations including Canada, Mexico and the U.S., have observed shift in the product demand on account of increased fund flow for the development of long-route electricity networks. Growing focus on the replacement of the old electrical equipment with advanced high-quality systems will further fuel the dry type transformer market across the region.
Eminent dry type transformer market participants across North America include Toshiba, GE, ABB, Schneider, Eaton, WEG, Pioneer Power, Olsun, Rex Power, MGM, Hammond, Niagara Transformers, Neeltran, Marcus, CG, Siemens, Atlas, Virginia & Georgia Transformers, Deemsa and Electric Power.
North America dry type transformer market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD” from 2014 to 2025, for the following segments:
North America Dry Type Transformer Industry, By Core
North America Dry Type Transformer Industry, By Technology
- Air blast
North America Dry Type Transformer Industry, By Insulation
- Class R
- Class H
- Class F
- Class B
- Class A
North America Dry Type Transformer Industry, By Product
- Open Wound
- Cast Resin
- Vacuum Pressure Impregnated (VPI)
- Vacuum Pressure Encapsulated (VPE)
North America Dry Type Transformer Market, By Phase
North America Dry Type Transformer Market, By Installation
North America Dry Type Transformer Market, By Winding
North America Dry Type Transformer Market, By Rating
- < 5 MVA
- 5 MVA to 30 MVA
- > 30 MVA
North America Dry Type Transformer Market, By Voltage
- 2.5 kV to 10 kV
- > 10 kV to 30 kV
- > 30 kV to 50 kV
- > 50 kV to 70 kV
- > 70 kV
North America Dry Type Transformer Market, By Mounting
North America Dry Type Transformer Market, By Application
- Inner City Substations
- Indoor/Underground Substations
- Renewable Generation
North America Dry Type Transformer Market, By End Use
- Residential & Commercial
The above information is provided on a country basis for the following:
- North America