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Industrial Automation and Equipment

Global Dry Type Transformer Market ...

Historical and Forecast Market Trends

2018-34

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The global dry type transformer industry has been witnessing growth due to its wide applicability in the distribution of electricity. Increased spending in the transmission and distribution (T&D) network around the world has created a huge opportunity for dry type transformers. The dry type is dominating the market owing to the benefit of being moisture-proof, which makes it suitable for use in and near building applications. Moreover, the increased efficiency it provides over low voltage has resulted in an increase in the number of installations. The increase in indoor transformer installation is a boon for dry type transformers. The use of environmentally friendly products in the upgrading and development of power infrastructure is being prioritised, which creates business opportunities for dry type transformers worldwide. Oil, automobile, gas, electrochemical industry, and steel manufactures have a high demand for dry type transformers because of the diverse voltage range. Favourable regulatory reforms to ensure grid sustainability along with rapid adoption of smart control and monitoring systems will strengthen the industry demand further in the coming years.

Eminent players are focusing on high-tech advancements, coupled with mergers and acquisitions to meet the prevailing competition in the industry. In July 2020, Hitachi (OTCMKTS: HTHIY) acquired an 80.1% stake in ABB Ltd.'s power grid business and formed the Hitachi ABB power Grids Ltd. joint venture. Hitachi was able to expand its transformer product portfolio as a result of the acquisition.

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Market Analysis by Type, Technology, Phase, Voltage, End-Use, and Regions:

  • The various types of dry type transformers include the converter transformer and rectifier transformer.
  • On the basis of technology, the market is categorised into cast resin and vacuum pressure impregnated.
  • The phases of the dry type transformer market are single-phase and three-phase.
  • Based on voltage, the market is segmented into low voltage and medium voltage.
  • The end-use of the market includes industrial and commercial.
  • The regional markets for dry type transformers include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • Ongoing replacement of conventional technologies, combined with increasing electrification rates, primarily in developing countries, will drive market growth.
  • Rising investments in R&D to introduce innovative electrical equipment for monitoring and controlling the electricity demand will propel the market growth.
  • Rapid urbanisation, along with ongoing industrial expansion across the developing economies, will further augment the industry.
  • Increasing investment in infrastructure, and the development of commercial establishments such as malls, hotels, resorts, schools, and colleges, will drive demand for dry type transformers.

Key Offerings of the report:

  • The EMR report gives an overview of the dry type transformer market for the periods (2018-2023) and (2024-2032).
  • The report also offers the historical (2018-2023) and forecasted (2024-2032) markets for type, technology, phase, voltage, end-use, and major regions of dry type transformer. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global dry type transformer market are Bharat Heavy Electricals Ltd., Fuji Electric Co. Ltd., Eaton Corporation PLC, Hammond Power Solutions Inc., Hitachi Ltd., and Kirloskar Electrical Co. Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Report Summary

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Technology
  • Phase
  • Voltage
  • End Use
  • Region
Breakup by Type
  • Converter Transformer 
  • Rectifier Transformer
Breakup by Technology
  • Cast Resin 
  • Vacuum Pressure Impregnated
Breakup by Phase
  • Single Phase
  • Three Phase
Breakup by Voltage
  • Low Voltage
  • Medium Voltage
Breakup by End Use
  • Industrial
  • Commercial
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Bharat Heavy Electricals Ltd.
  • Eaton Corporation PLC
  • Fuji Electric Co. Ltd.
  • Hammond Power Solutions Inc.
  • Hitachi Ltd.
  • Kirloskar Electrical Co. Ltd.
  • Others
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