[131 Pages Report] The global Dry Type Transformer market is expected to reach USD 5.38 Billion by 2020 from USD 4.16 Billion in 2015, at a CAGR of 5.3% between 2015 and 2020. Transformers are electrical devices that transfer energy between two or more circuits through electromagnetic induction. Dry type transformers have their windings enclosed in sealed and pressurized tanks, and are air cooled. Dry type transformers provide safety against fire and leakage, which also reduces environmental and health concerns. These types of transformers are moisture proof and have better impulse and short circuit strength. Dry type transformers have wide applicability in domestic as well as industrial segments.

The major drivers for the market include rise in demand for electricity, eco-friendly product, and safety advantages over liquid-filled transformers. On the other hand, high cost of product, lack of investment by government in grid stability, and load/no. of losses are the major restraints for the market growth.

This report segments the global dry type transformer market by technology, voltage, application, phase, and region. By technology, the market includes cast resin dry type transformer and VPI dry type transformer. The market by voltage includes low and medium voltage. The application segment includes industrial, commercial, and other applications. The market by phase includes single and three phase.

Geographic analysis reveals that Asia-Pacific accounts for the largest share of the global dry type transformer market in 2015. The rate of industrialization is high in Brazil & South Africa. Besides, huge investments are made by the government of Iran & Saudi Arabia.

Major players in this market include Hammond Power Solution Inc. (Canada), ABB Ltd.(Switzerland), Siemens AG (Germany), General Electric (U.S.), Jinpan International Ltd.(China), ABB Ltd. (Switzerland), Schneider Electric (France), TBEA Transformer Industrial Group (China), Eaton Corporation (Ireland), Crompton Graves Ltd. (India), and Voltamp Transformer Ltd.(India).

Scope of the Report

This research report categorizes the global dry type transformer market into the following segments:

Global Dry type Transformer Market, by Technology

Cast resin dry type transformer

VPI dry type transformer

Global Dry type Transformer Market, by Voltage

Low

Medium

Global Dry type Transformer Market, by Application

Industrial

Commercial

Others

Global Dry type Transformer Market, by End Phase

Single

Three

Global Dry type Transformer Market, by Region

North America

Europe

Asia-Pacific

Rest of the World

Available Customization

Products And Services Benchmarking Analysis

Comparison of dry type transformers and different technologies offered by key players

Regulatory Framework

Analysis and impacts of local and regional environmental regulations in top 5 countries

Company Information

Detailed analysis and profiling of additional market players (Up to 5).

Impact Analysis

Impact of raw material prices on dry type transformer market

Impact of government regulation on dry type transformer manufacturers

The global dry type transformer market is expected to reach USD 5.38 Billion by 2020 from USD 4.16 Billion in 2015, at a CAGR of 5.3% between 2015 and 2020. The major drivers for the market include rise in demand for electricity, eco-friendly product, and safety over liquid-filled transformers. On the other hand, high cost, lack of investment by governments in grid stability, and load/no of losses are some of the factors restraining the market growth.

The report provides a granular understanding of the dry type transformer market. This report segments the global dry type transformer market on the basis of technology, voltage, application, phase, and region. By technology, the market includes cast resin dry type transformer and VPI dry type transformer. Market by voltage includes low and medium voltage. The applications segment includes Industrial, commercial, and other applications. Market by phase includes single and three phase.

The global dry type transformer market is driven by its wide applicability in the distribution of electricity. The expansion of electricity distribution network across the globe, and rapid industrialization in developing countries is further driving the market growth. Heavy to small scale industries employ machineries that have specific voltage requirement. Some industries, such as oil & gas, mining, and marine industry have specialized voltage requirements, as fire safety is important in these sectors.

The geographic segments included in this report are North America, Europe, Asia, and the Rest of the World (RoW). Geographic analysis reveals that Asia-Pacific accounts for the largest share of the global dry type transformer market in 2015, and is expected to be the fastest growing markets during the forecast period.

Major players in this market include Hammond Power Solution Inc. (Canada), ABB Ltd.(Switzerland), Siemens AG (Germany), General Electric (U.S.), Jinpan International Ltd.(China), ABB Ltd. (Switzerland), Schneider Electric (France), TBEA Transformer Industrial Group (China), Eaton Corporation (Ireland), Crompton Graves Ltd. (India), and Voltamp Transformer Ltd.(India).

Dry type Transformer Market Snapshot, 2015 (USD Million)