Dry Type Transformer Market

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Dry Type Transformer Market by Technology (Cast Resin, Vacuum Pressure Impregnated), Voltage (Low (<1 kV), Medium (1–36 kV), High (Above 36 kV)), Phase (Single, Three), Application (Industrial, Commercial, Utilities) Region - Global Forecast to 2028

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Report Code: EP 3737 Aug, 2023, by marketsandmarkets.com

[192 Pages Report] The global dry type transformer market is estimated to grow from USD 6.6 billion in 2023 to USD 9.2 billion by 2028; it is expected to record a CAGR of 6.8% during the forecast period. Upgradation of ageing power infrastructure, rising investments in the transmission and distribution network (T&D), stringent government regulations to reduce carbon emissions and increasing electrification rate across various countries are few of the factors accelerating the growth of dry type transformer market. The market for dry type transformer is projected to benefit greatly from the rising expansion of smart electricity grids and networks.

Dry Type Transformer Market

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Dry Type Transformer Market

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Dry Type Transformer Market Dynamics

Driver: Increasing demand for energy efficiency

The growing demand for energy efficiency has emerged as a pivotal driver behind the rapid expansion of the dry type transformers market. As nations worldwide grapple with the challenges posed by climate change and the need to reduce carbon emissions, there has been a significant shift towards sustainable energy consumption practices. The increasing demand for energy efficiency contributes to the wide adoption of dry type transformers. According to the International Energy Agency (IEA), the global energy demand is expected to grow by 1.8% annually between 2021 and 2030. In 2022, global investments in energy efficiency reached USD 560 billion, an increase of 16% in 2021, and is expected to continue to grow in the coming years. Several countries have adopted various steps for increasing energy efficiency. For instance, American households receive a tax credit to cover up to 10% of the cost of energy-efficient improvements. In 2021, the European Commission amended its eco-design and energy labeling regulations to include new requirements for various products. Dry-type transformers are more energy efficient because they do not use oil to cool the windings, which eliminates a significant source of energy loss.

Restraint: Higher cost of dry type transformers as compared to oil-filled transformers

The growth of the dry type transformers market is influenced by various factors, and one significant challenge it faces is the comparatively higher cost of dry type transformers in comparison to their oil-filled counterparts. This cost differential has been a restraining factor in the widespread adoption of dry type transformers across various industries and applications. The initial investment required for dry type transformers can be notably higher due to the specialized materials, advanced insulation, and manufacturing processes involved in their production. Dry-type transformers also need materials that can conduct and dissipate heat well. Aluminum or copper conductors with special coatings or designs help transfer heat away from the windings. Copper is an expensive metal because of its limited availability. According to CNBC, the world is facing a copper deficit. Chile, the world’s largest copper producer, recorded a year-on-year decline of 7% in November 2022. Such challenges in raw materials could negatively impact the growth of the market.

Opportunities: Expansion of global power grid infrastructure

With the shift towards cleaner energy sources and the integration of decentralized power generation, there's a growing need for transformers that can efficiently handle varying loads and manage power fluctuations. Dry-type transformers excel in this aspect, offering the versatility and robustness required to support the diverse energy mix of modern grids. As nations adopt smart grid technologies and grid modernization strategies, the demand for adaptable and high-performance transformers will escalate, providing a significant opportunity for companies specializing in dry-type transformers. The global expansion of electrical infrastructure presents significant growth opportunities for the dry-type transformers market and the companies operating within this sector. As countries across the world continue to invest in upgrading and expanding their electrical grids to meet the rising energy demand and integrate renewable energy sources, the demand for efficient and reliable transformers is set to surge. According to WorldBank, about 56% of the population lives in cities, and this trend is expected to grow with the urban population more than doubling its current size by 2050. Urbanization leads to the growth of infrastructure. The demand for safe and reliable electrical solutions increases with the growing construction of high-rise buildings and commercial complexes. Dry-type transformers are a safe and efficient way to distribute power in urban areas, as they do not use oil and are, therefore, less likely to catch fire or pollute the environment.

Challenges: Limitations in power ratings and preference of oil-filled transformers

Dry-type transformers offer superior properties, such as fire safety and environmental friendliness, but have lower power ratings than oil-filled transformers because dry-type transformers do not rely on oil for dissipating heat, so most of the dry-type transformers can handle only smaller power loads. Dry-type transformers may have relatively incur higher losses at higher power ratings than oil-filled transformers. The lower power ratings of dry-type transformers can be challenging in applications requiring large amounts of power, such as in power plants and substations. Dry-type transformers face stiff competition from oil-filled transformers. However, with the growing environmental focus and complex regulatory frameworks, the demand for dry-type transformers is projected to increase in the coming years.

Dry type transformer Market Ecosystem

In this market, prominent companies stand out as well-established and financially stable providers of dry type transformer products and services. With years of experience, these companies boast a diverse product portfolio, cutting-edge technologies, and robust global sales and marketing networks. Their proven track record in the industry positions them as reliable and trusted partners for customers seeking dry type transformer solutions. These companies have demonstrated their ability to adapt to market dynamics and consistently deliver high-quality products and services, making them leaders in meeting the demands of the oil and gas sector. Prominent companies in this market include Schneider Electric (France), Siemens Energy (Germany), Hitachi, Ltd. (Japan), Eaton (Ireland), TOSHIBA CORPORATION (Japan).

Dry Type Transformer Market

The medium voltage segment, by voltage, is expected to be the largest market during the forecast period.

This report segments the dry type transformer market based on voltage into different types: low voltage, medium voltage, and high voltage. The medium voltage segment is expected to be hold the largest share during the forecast period. Industries demand reliable and efficient power delivery at medium voltage levels. Dry type transformers are utilised in a variety of industrial applications, including manufacturing plants, factories, and processing facilities.

By phase, single phase is expected to be the fastest growing during the forecast period.

This report segments the dry type transformer market based on phase into two segments: single phase and three phase. The single phase segment is expected to be the fastest growing during the forecast period. The growth is attributed by the widespread adoption of dry type transformers in low voltage distribution applications. Single-phase power is typically employed in residential and commercial areas with modest power demand. Its tiny and self-contained design, which enables simple indoor installation without the need for specialized ventilation systems, is one of its main advantages. For smaller loads, it might be more economical to install single-phase systems due to lower equipment costs and simplified installation.

“Asia Pacific: The largest region in the dry type transformer market.”

Asia Pacific is expected to be the largest region in the dry type transformer market between 2023–2028, followed by Europe and North America. Asia Pacific has been leading the market. Urbanization and population growth have resulted in the need for vast infrastructure development, which has propelled the energy demand across the region. This has further resulted in an energy demand-supply gap, resulting in a power supply shortage. Electricity shortage is expected to support market growth as it can be attributed to the increasing demand for power leading to the installation of new substations and increasing the demand for dry type transformers. The regional dry type transformers market is experiencing growth due to the presence of leading solution providers like Kirloskar Electric Company (India), Voltamp (India) and CG Power & Industrial Solutions Ltd. (India) also contribute to the market's development by creating opportunities for dry type transformer projects.

Dry Type Transformer Market Size, and Share

Key Market Players

The market is dominated by a few major players that have a wide regional presence. The major players in the dry type transformer market include Schneider Electric (France), Siemens Energy (Germany), Hitachi, Ltd. (Japan) ,Eaton (Ireland), TOSHIBA CORPORATION (Japan). Between 2018 and 2023, Strategies such as new product launches, contracts, agreements, acquisitions, and expansions are followed by these companies to capture a larger share of the market.

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Scope of the Report

Report Metric

Details

Market size available for years

2021–2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

Value (USD Million); Volume (Units)

Segments Covered

Dry Type Transformer Market by Technology, Voltage, Phase, Application, and Region.

Geographies covered

Asia Pacific, North America, Europe, South America,  and Middle East & Africa.

Companies covered

Schneider Electric (France), Siemens Energy (Germany), Eaton (Ireland), Hitachi Ltd. (Japan), TOSHIBA CORPORATION (Japan),  General Electric (US), Fuji Electric Co., Ltd. (Japan), CG Power & Industrial Solutions Ltd. (India), Kirloskar Electric Company (India), HYOSUNG  HEAVY  INDUSTRIES (South Korea), Hammond Power Solutions (US), VOLTAMP (India), WEG (Brazil), TMC TRANSFORMERS S.P.A. (Italy), Hanley Energy (Republic of Ireland), alfanar Group (Germany), Efacec (Portugal), TBEA Co., Ltd. (China), JST Power Equipment, INC. (US), Raychem RPG Private Limited (India), RPT Ruhstrat Power Technology GmbH (Germany), Delta Star Power Manufacturing Corp. (Philippines)

This research report categorizes the market based on technology, voltage, phase, and application, and region.

On the basis of technology, the dry type transformer market has been segmented as follows:
  • Cast Resin
  • Vaccum Pressure Impregnated
On the basis of voltage, the market has been segmented as follows:
  • Low Voltage
  • Medium Voltage
  • High Voltage
On the basis of application, the market has been segmented as follows:
  • Industrial
  • Commercial
  • Utilities
  • Others
On the basis of phase, the market has been segmented as follows:
  • Single Phase
  • Three Phase
On the basis of region, the market has been segmented as follows:
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Recent Developments

  • In April 2023, Eaton acquired 49 % of stake in Jiangsu Ryan Electrical Co. Ltd. , a manufacturer of power distributrion transformers and dry type transformers. This acquisition will help the company to better serve the customers globally.
  • In September 2022, Hitachi, Ltd. introduced RESIBLOC, a rail dry-type traction transformer with voltage upto 25 kV. These transformers are used to power the train's brakes, signaling system, and communication equipment.
  • In April 2022, Seimens introduced CAREPOLE, an innovative dry-type single-phase transformer for pole applications. It is a cast-resin distribution transformer which will be installed in the distribution grid. This product was introduced for American Market.
  • In October 2021, Hitachi, Ltd. completed the expansion of its Bland, Virginia manufacturing facility, the leading producer of dry-type transformers in North America. This expansion provides the additional production capacity to support new manufacturing capabilities

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 21)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS AND EXCLUSIONS 
           1.3.1 DRY-TYPE TRANSFORMER MARKET: INCLUSIONS AND EXCLUSIONS, BY TECHNOLOGY
           1.3.2 MARKET: INCLUSIONS AND EXCLUSIONS, BY VOLTAGE
           1.3.3 MARKET: INCLUSIONS AND EXCLUSIONS, BY PHASE
           1.3.4 MARKET: INCLUSIONS AND EXCLUSIONS, BY APPLICATION
    1.4 MARKET SCOPE 
           FIGURE 1 DRY-TYPE TRANSFORMERS MARKET: SEGMENTATION
           1.4.1 REGIONAL SCOPE
           1.4.2 YEARS CONSIDERED
           1.4.3 CURRENCY CONSIDERED
    1.5 LIMITATIONS 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
           1.7.1 RECESSION IMPACT
 
2 RESEARCH METHODOLOGY (Page No. - 27)
    2.1 RESEARCH DATA 
           FIGURE 2 DRY-TYPE TRANSFORMER MARKET: RESEARCH DESIGN
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 3 DATA TRIANGULATION
           2.2.1 SECONDARY DATA
                    2.2.1.1 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 Key industry insights
                    2.2.2.2 Breakdown of primaries
                               FIGURE 4 BREAKDOWN OF PRIMARIES
    2.3 MARKET SIZE ESTIMATION 
           2.3.1 BOTTOM-UP APPROACH
                    FIGURE 5 DRY-TYPE TRANSFORMER MARKET: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 6 DRY-TYPE TRANSFORMERS MARKET: TOP-DOWN APPROACH
           2.3.3 DEMAND-SIDE ANALYSIS
                    FIGURE 7 METRICS CONSIDERED TO ANALYZE DEMAND FOR DRY-TYPE TRANSFORMERS
                    2.3.3.1 Assumptions for demand-side analysis
                    2.3.3.2 Calculations for demand-side analysis
           2.3.4 SUPPLY-SIDE ANALYSIS
                    FIGURE 8 KEY METRICS CONSIDERED TO ASSESS SUPPLY OF DRY-TYPE TRANSFORMERS
                    2.3.4.1 Assumptions and calculations for supply-side analysis
                               FIGURE 9 MARKET: INDUSTRY CONCENTRATION ANALYSIS
    2.4 FORECAST 
           2.4.1 IMPACT OF RECESSION
 
3 EXECUTIVE SUMMARY (Page No. - 37)
    TABLE 1 DRY-TYPE TRANSFORMER MARKET SNAPSHOT 
    FIGURE 10 CAST RESIN SEGMENT TO HOLD LARGER SHARE OF MARKET IN 2028 
    FIGURE 11 MEDIUM VOLTAGE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 
    FIGURE 12 THREE PHASE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 
    FIGURE 13 INDUSTRIAL SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 
    FIGURE 14 ASIA PACIFIC DOMINATED DRY-TYPE TRANSFORMERS MARKET IN 2022 
 
4 PREMIUM INSIGHTS (Page No. - 41)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN DRY-TYPE TRANSFORMER MARKET 
           FIGURE 15 INCREASING FOCUS ON USING SAFE ELECTRICITY DISTRIBUTION EQUIPMENT
    4.2 DRY-TYPE TRANSFORMER MARKET, BY REGION 
           FIGURE 16 ASIA PACIFIC MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    4.3 DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY 
           FIGURE 17 CAST RESIN SEGMENT TO DOMINATE MARKET  IN 2028
    4.4 DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE 
           FIGURE 18 MEDIUM VOLTAGE SEGMENT TO DOMINATE MARKET IN 2028
    4.5 DRY-TYPE TRANSFORMER MARKET, BY PHASE 
           FIGURE 19 THREE PHASE SEGMENT TO LEAD MARKET IN 2028
    4.6 DRY-TYPE TRANSFORMER MARKET, BY APPLICATION 
           FIGURE 20 INDUSTRIAL SEGMENT TO HOLD LARGEST SHARE OF MARKET IN 2028
    4.7 ASIA PACIFIC DRY-TYPE TRANSFORMER MARKET,  BY VOLTAGE AND COUNTRY 
           FIGURE 21 MEDIUM VOLTAGE SEGMENT AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC MARKET IN 2022
 
5 MARKET OVERVIEW (Page No. - 45)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 22 DRY-TYPE TRANSFORMER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for energy efficiency
                    5.2.1.2 Implementation of stringent environmental regulations
                    5.2.1.3 Excellent properties of dry-type transformers
                    5.2.1.4 Rising adoption of renewable energy sources
           5.2.2 RESTRAINTS
                    5.2.2.1 Higher cost of dry-type transformers than oil-filled ones
                    5.2.2.2 Susceptibility to moisture and insulation issues
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Expansion of global electrical infrastructure
                               FIGURE 23 GROWTH TREND OF GLOBAL URBAN POPULATION, 2012–2022
           5.2.4 CHALLENGES
                    5.2.4.1 Limitations in power ratings
                    5.2.4.2 Preference for oil-filled transformers
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR DRY-TYPE TRANSFORMER PROVIDERS
                    FIGURE 24 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN DRY-TYPE TRANSFORMERS MARKET
    5.4 ECOSYSTEM ANALYSIS 
           TABLE 2 KEY COMPANIES AND THEIR ROLE IN DRY-TYPE TRANSFORMER ECOSYSTEM
           FIGURE 25 DRY-TYPE TRANSFORMERS MARKET MAP
    5.5 SUPPLY CHAIN ANALYSIS 
           FIGURE 26 DRY-TYPE TRANSFORMERS MARKET: SUPPLY CHAIN ANALYSIS
           5.5.1 RAW MATERIAL/COMPONENT SUPPLIERS
           5.5.2 DRY-TYPE TRANSFORMER MANUFACTURERS
           5.5.3 END USERS
    5.6 TECHNOLOGY ANALYSIS 
           5.6.1 INSULATION MATERIALS AND DESIGN
           5.6.2 WINDING TECHNIQUES
           5.6.3 CORE MATERIALS
           5.6.4 COOLING SYSTEMS
           5.6.5 MANUFACTURING TECHNIQUES
    5.7 KEY CONFERENCES AND EVENTS, 2023–2024 
           TABLE 3 MARKET: LIST OF KEY CONFERENCES AND EVENTS
    5.8 REGULATORY LANDSCAPE 
           TABLE 4 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
           TABLE 5 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
           TABLE 6 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
           TABLE 7 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
    5.9 TRADE ANALYSIS 
           5.9.1 IMPORT SCENARIO
                    TABLE 8 IMPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8504, BY COUNTRY,  2020–2022 (USD)
                    FIGURE 27 IMPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8504 FOR TOP FIVE COUNTRIES, 2020–2022 (USD)
           5.9.2 EXPORT SCENARIO
                    TABLE 9 EXPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8504, BY COUNTRY,  2020–2022 (USD)
                    FIGURE 28 EXPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8504 FOR TOP FIVE COUNTRIES, 2020–2022
    5.10 PATENT ANALYSIS 
           TABLE 10 MARKET: INNOVATIONS AND PATENT REGISTRATIONS
    5.11 PRICING ANALYSIS 
           5.11.1 AVERAGE SELLING PRICE (ASP) TREND, BY RAW MATERIAL
                    FIGURE 29 AVERAGE SELLING PRICE (ASP) OF STEEL IN US AND EUROPE,  2021–2023 (USD/MT)
                    FIGURE 30 AVERAGE SELLING PRICE (ASP) OF IRON ORE, 2021–2023 (USD/MT)
                    FIGURE 31 AVERAGE SELLING PRICE (ASP) OF COPPER, 2021–2023
           5.11.2 AVERAGE SELLING PRICE (ASP) OF DRY-TYPE TRANSFORMERS,  BY VOLTAGE
                    TABLE 11 AVERAGE SELLING PRICE (ASP) OF DRY-TYPE TRANSFORMERS, BY VOLTAGE
    5.12 CASE STUDY ANALYSIS 
           5.12.1 FAILURE ANALYSIS OF DISTRIBUTION TRANSFORMERS
           5.12.2 WIND POWER DEVELOPMENTS TO ADDRESS GRID INTEGRATION ISSUES
           5.12.3 EXPANSION OF SMART ENERGY CORRIDOR WITH IMPROVED CYBERSECURITY
    5.13 PORTER’S FIVE FORCES ANALYSIS 
                    FIGURE 32 DRY-TYPE TRANSFORMER MARKET: PORTER’S FIVE FORCES ANALYSIS
                    TABLE 12 MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.13.1 THREAT OF NEW ENTRANTS
           5.13.2 BARGAINING POWER OF SUPPLIERS
           5.13.3 BARGAINING POWER OF BUYERS
           5.13.4 THREAT OF SUBSTITUTES
           5.13.5 INTENSITY OF COMPETITIVE RIVALRY
    5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
                    TABLE 13 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
           5.14.2 BUYING CRITERIA
                    FIGURE 34 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
                    TABLE 14 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
 
6 DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY (Page No. - 68)
    6.1 INTRODUCTION 
           FIGURE 35 MARKET, BY TECHNOLOGY, 2022
           TABLE 15 DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
    6.2 CAST RESIN 
           6.2.1 OFFERS HIGH INSULATION RELIABILITY DUE TO ABSENCE OF AIR POCKETS
                    TABLE 16 CAST RESIN: MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.3 VACUUM PRESSURE IMPREGNATED (VPI) 
           6.3.1 REDUCED RISK OF PARTIAL DISCHARGES ATTRIBUTED TO COMPREHENSIVE IMPREGNATION
                    TABLE 17 VACUUM PRESSURE IMPREGNATED: MARKET, BY REGION, 2021–2028 (USD MILLION)
 
7 DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE (Page No. - 72)
    7.1 INTRODUCTION 
           FIGURE 36 MARKET, BY VOLTAGE, 2022
           TABLE 18 MARKET, BY VOLTAGE, 2021–2028 (UNITS)
           TABLE 19 DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
    7.2 LOW VOLTAGE 
           7.2.1 FEATURES COMPACT SIZE, LIGHTWEIGHT, AND MINIMAL MAINTENANCE
                    TABLE 20 LOW VOLTAGE: MARKET, BY REGION, 2021–2028 (UNITS)
                    TABLE 21 LOW VOLTAGE: MARKET, BY REGION,  2021–2028 (USD MILLION)
    7.3 MEDIUM VOLTAGE 
           7.3.1 ENSURES RELIABLE AND EFFICIENT POWER TRANSMISSION WHILE MINIMIZING RISK OF PARTIAL DISCHARGES
                    TABLE 22 MEDIUM VOLTAGE: MARKET, BY REGION, 2021–2028 (UNITS)
                    TABLE 23 MEDIUM VOLTAGE: MARKET, BY REGION,  2021–2028 (USD MILLION)
    7.4 HIGH VOLTAGE 
           7.4.1 ENABLES EFFICIENT POWER TRANSMISSION OVER LONG DISTANCES AND MAINTAINS INSULATION RELIABILITY
                    TABLE 24 HIGH VOLTAGE: MARKET, BY REGION, 2021–2028 (UNITS)
                    TABLE 25 HIGH VOLTAGE: MARKET, BY REGION,  2021–2028 (USD MILLION)
 
8 DRY-TYPE TRANSFORMER MARKET, BY PHASE (Page No. - 77)
    8.1 INTRODUCTION 
           FIGURE 37 MARKET, BY PHASE, 2022
           TABLE 26 MARKET, BY PHASE, 2021–2028 (USD MILLION)
    8.2 SINGLE PHASE 
           8.2.1 SUITABLE FOR INDOOR INSTALLATIONS ATTRIBUTED TO COMPACT DESIGN
                    TABLE 27 SINGLE PHASE: DRY-TYPE TRANSFORMER MARKET, BY REGION,  2021–2028 (USD MILLION)
    8.3 THREE PHASE 
           8.3.1 EXHIBITS HIGHER EFFICIENCY THAN SINGLE-PHASE DRY-TYPE TRANSFORMER
                    TABLE 28 THREE PHASE: MARKET, BY REGION,  2021–2028 (USD MILLION)
 
9 DRY-TYPE TRANSFORMER MARKET, BY APPLICATION (Page No. - 80)
    9.1 INTRODUCTION 
           FIGURE 38 MARKET, BY APPLICATION, 2022
           TABLE 29 MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
    9.2 INDUSTRIAL 
           9.2.1 RAPID INDUSTRIALIZATION AND RISING INDUSTRIAL ACTIVITIES
                    TABLE 30 INDUSTRIAL: DRY-TYPE TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)
    9.3 COMMERCIAL 
           9.3.1 RISING DEMAND FOR TRANSFORMERS FEATURING HIGH SAFETY, ADAPTABILITY, AND ENERGY EFFICIENCY
                    TABLE 31 COMMERCIAL: MARKET, BY REGION,  2021–2028 (USD MILLION)
    9.4 UTILITIES 
           9.4.1 GROWING USE OF RENEWABLE ENERGY
                    TABLE 32 UTILITIES: MARKET, BY REGION, 2021–2028 (USD MILLION)
    9.5 OTHERS 
           TABLE 33 OTHERS: MARKET, BY REGION, 2021–2028 (USD MILLION)
 
10 DRY-TYPE TRANSFORMER MARKET, BY REGION (Page No. - 85)
     10.1 INTRODUCTION 
               FIGURE 39 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF MARKET IN 2022
               FIGURE 40 MARKET, BY REGION, 2022
               TABLE 34 MARKET, BY REGION, 2021–2028 (UNITS)
               TABLE 35 MARKET, BY REGION, 2021–2028 (USD MILLION)
     10.2 ASIA PACIFIC 
               FIGURE 41 ASIA PACIFIC: MARKET SNAPSHOT
             10.2.1 ASIA PACIFIC: RECESSION IMPACT
             10.2.2 BY TECHNOLOGY
                       TABLE 36 ASIA PACIFIC: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)
             10.2.3 BY VOLTAGE
                       TABLE 37 ASIA PACIFIC: MARKET, BY VOLTAGE, 2021–2028 (UNITS)
                       TABLE 38 ASIA PACIFIC: MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
             10.2.4 BY PHASE
                       TABLE 39 ASIA PACIFIC: MARKET, BY PHASE,  2021–2028 (USD MILLION)
             10.2.5 BY APPLICATION
                       TABLE 40 ASIA PACIFIC: MARKET, BY APPLICATION,  2021–2028 (USD MILLION)
             10.2.6 BY COUNTRY
                       TABLE 41 ASIA PACIFIC: MARKET, BY COUNTRY,  2021–2028 (USD MILLION)
                       10.2.6.1 China
                                   10.2.6.1.1 Low labor costs and rising urbanization and industrialization
                                   TABLE 42 CHINA: MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)
                                   TABLE 43 CHINA: MARKET, BY VOLTAGE, 2021–2028 (USD MILLIONS)
                                   TABLE 44 CHINA: MARKET, BY PHASE, 2021–2028 (USD MILLIONS)
                                   TABLE 45 CHINA: MARKET, BY APPLICATION,  2021–2028 (USD MILLION)
                       10.2.6.2 Japan
                                   10.2.6.2.1 Booming manufacturing sector
                                   TABLE 46 JAPAN: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
                                   TABLE 47 JAPAN: MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 48 JAPAN: MARKET, BY PHASE, 2021–2028 (USD MILLION)
                                   TABLE 49 JAPAN: MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                       10.2.6.3 India
                                   10.2.6.3.1 Growing population and frequent power outages
                                   TABLE 50 INDIA: MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
                                   TABLE 51 INDIA: MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 52 INDIA: MARKET, BY PHASE, 2021–2028 (USD MILLION)
                                   TABLE 53 INDIA: MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                       10.2.6.4 South Korea
                                   10.2.6.4.1 Expanding industrial sector
                                   TABLE 54 SOUTH KOREA: DRY-TYPE TRANSFORMERS MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)
                                   TABLE 55 SOUTH KOREA: MARKET, BY VOLTAGE,  2021–2028 (USD MILLION)
                                   TABLE 56 SOUTH KOREA: MARKET, BY PHASE,  2021–2028 (USD MILLION)
                                   TABLE 57 SOUTH KOREA: MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                       10.2.6.5 Rest of Asia Pacific
                                   TABLE 58 REST OF ASIA PACIFIC: MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)
                                   TABLE 59 REST OF ASIA PACIFIC: MARKET, BY VOLTAGE,  2021–2028 (USD MILLION)
                                   TABLE 60 REST OF ASIA PACIFIC: MARKET, BY PHASE, 2021–2028 (USD MILLION)
                                   TABLE 61 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
     10.3 EUROPE 
               FIGURE 42 EUROPE: MARKET SNAPSHOT
             10.3.1 EUROPE: RECESSION IMPACT
             10.3.2 BY TECHNOLOGY
                       TABLE 62 EUROPE: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)
             10.3.3 BY VOLTAGE
                       TABLE 63 EUROPE: MARKET, BY VOLTAGE, 2021–2028 (UNITS)
                       TABLE 64 EUROPE: MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
             10.3.4 BY PHASE
                       TABLE 65 EUROPE: MARKET, BY PHASE, 2021–2028 (USD MILLION)
             10.3.5 BY APPLICATION
                       TABLE 66 EUROPE: MARKET, BY APPLICATION,  2021–2028 (USD MILLION)
             10.3.6 BY COUNTRY
                       TABLE 67 EUROPE: MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
                       10.3.6.1 Germany
                                   10.3.6.1.1 Increasing demand for EV charging infrastructure
                                   TABLE 68 GERMANY: MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)
                                   TABLE 69 GERMANY: MARKET, BY VOLTAGE,  2021–2028 (USD MILLION)
                                   TABLE 70 GERMANY: MARKET, BY PHASE, 2021–2028 (USD MILLION)
                                   TABLE 71 GERMANY: MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                       10.3.6.2 France
                                   10.3.6.2.1 Increasing transition toward renewable energy
                                   TABLE 72 FRANCE: MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)
                                   TABLE 73 FRANCE: MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 74 FRANCE: MARKET, BY PHASE, 2021–2028 (USD MILLION)
                                   TABLE 75 FRANCE: MARKET, BY APPLICATION,  2021–2028 (USD MILLION)
                       10.3.6.3 UK
                                   10.3.6.3.1 Implementation of stringent environmental regulations
                                   TABLE 76 UK: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
                                   TABLE 77 UK: MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 78 UK: MARKET, BY PHASE, 2021–2028 (USD MILLION)
                                   TABLE 79 UK: MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                       10.3.6.4 Italy
                                   10.3.6.4.1 Expanding manufacturing sector
                                   TABLE 80 ITALY: MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
                                   TABLE 81 ITALY: MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 82 ITALY: MARKET, BY PHASE, 2021–2028 (USD MILLION)
                                   TABLE 83 ITALY: MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                       10.3.6.5 Spain
                                   10.3.6.5.1 Growing use of renewable energy
                                   TABLE 84 SPAIN: MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
                                   TABLE 85 SPAIN: MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 86 SPAIN: MARKET, BY PHASE, 2021–2028 (USD MILLION)
                                   TABLE 87 SPAIN: MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                       10.3.6.6 Rest of Europe
                                   TABLE 88 REST OF EUROPE: MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)
                                   TABLE 89 REST OF EUROPE: MARKET, BY VOLTAGE,  2021–2028 (USD MILLION)
                                   TABLE 90 REST OF EUROPE: MARKET, BY PHASE, 2021–2028 (USD MILLION)
                                   TABLE 91 REST OF EUROPE: MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
     10.4 NORTH AMERICA 
             10.4.1 NORTH AMERICA: RECESSION IMPACT
             10.4.2 BY TECHNOLOGY
                       TABLE 92 NORTH AMERICA: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)
                       10.4.3 BY VOLTAGE
                                   TABLE 93 NORTH AMERICA: MARKET, BY VOLTAGE, 2021–2028 (UNITS)
                                   TABLE 94 NORTH AMERICA: MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
             10.4.4 BY PHASE
                       TABLE 95 NORTH AMERICA: MARKET, BY PHASE,  2021–2028 (USD MILLION)
             10.4.5 BY APPLICATION
                       TABLE 96 NORTH AMERICA: MARKET, BY APPLICATION,  2021–2028 (USD MILLION)
             10.4.6 BY COUNTRY
                       TABLE 97 NORTH AMERICA: MARKET, BY COUNTRY,  2021–2028 (USD MILLION)
                       10.4.6.1 US
                                   10.4.6.1.1 Renewable energy transition and infrastructure development
                                   TABLE 98 US: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
                                   TABLE 99 US: MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 100 US: MARKET, BY PHASE, 2021–2028 (USD MILLION)
                                   TABLE 101 US: MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                       10.4.6.2 Canada
                                   10.4.6.2.1 Rising innovations and development of clean technologies
                                   TABLE 102 CANADA: MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)
                                   TABLE 103 CANADA: MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 104 CANADA: MARKET, BY PHASE, 2021–2028 (USD MILLION)
                                   TABLE 105 CANADA: MARKET, BY APPLICATION,  2021–2028 (USD MILLION)
                       10.4.6.3 Mexico
                                   10.4.6.3.1 Increasing industrialization and need to reduce emissions
                                   TABLE 106 MEXICO: MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)
                                   TABLE 107 MEXICO: MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 108 MEXICO: MARKET, BY PHASE, 2021–2028 (USD MILLION)
                                   TABLE 109 MEXICO: MARKET, BY APPLICATION,  2021–2028 (USD MILLION)
     10.5 MIDDLE EAST & AFRICA 
             10.5.1 MIDDLE EAST & AFRICA: RECESSION IMPACT
             10.5.2 BY TECHNOLOGY
                       TABLE 110 MIDDLE EAST & AFRICA: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)
             10.5.3 BY VOLTAGE
                       TABLE 111 MIDDLE EAST & AFRICA: MARKET, BY VOLTAGE,  2021–2028 (UNITS)
                       TABLE 112 MIDDLE EAST & AFRICA: MARKET, BY VOLTAGE,  2021–2028 (USD MILLION)
             10.5.4 BY PHASE
                       TABLE 113 MIDDLE EAST & AFRICA: MARKET, BY PHASE,  2021–2028 (USD MILLION)
             10.5.5 BY APPLICATION
                       TABLE 114 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION,  2021–2028 (USD MILLION)
             10.5.6 BY COUNTRY
                       TABLE 115 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY,  2021–2028 (USD MILLION)
                       10.5.6.1 South Africa
                                   10.5.6.1.1 Growing adoption of environmentally friendly and sustainable practices
                                   TABLE 116 SOUTH AFRICA: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)
                                   TABLE 117 SOUTH AFRICA: MARKET, BY VOLTAGE,  2021–2028 (USD MILLION)
                                   TABLE 118 SOUTH AFRICA: MARKET, BY PHASE,  2021–2028 (USD MILLION)
                                   TABLE 119 SOUTH AFRICA: MARKET, BY APPLICATION,  2021–2028 (USD MILLION)
                       10.5.6.2 Saudi Arabia
                                   10.5.6.2.1 Increasing use of renewable energy sources
                                   TABLE 120 SAUDI ARABIA: DRY-TYPE TRANSFORMERS MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)
                                   TABLE 121 SAUDI ARABIA: MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 122 SAUDI ARABIA: MARKET, BY PHASE,  2021–2028 (USD MILLION)
                                   TABLE 123 SAUDI ARABIA: MARKET, BY APPLICATION,  2021–2028 (USD MILLION)
                       10.5.6.3 Rest of Middle East & Africa
                                   TABLE 124 REST OF MIDDLE EAST & AFRICA: MARKET,  BY TECHNOLOGY, 2021–2028 (USD MILLION)
                                   TABLE 125 REST OF MIDDLE EAST & AFRICA: MARKET,  BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 126 REST OF MIDDLE EAST & AFRICA: MARKET, BY PHASE,  2021–2028 (USD MILLION)
                                   TABLE 127 REST OF MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
     10.6 SOUTH AMERICA 
             10.6.1 SOUTH AMERICA: RECESSION IMPACT
             10.6.2 BY TECHNOLOGY
                       TABLE 128 SOUTH AMERICA: DRY-TYPE TRANSFORMER MARKET IN SOUTH AMERICA,  BY TECHNOLOGY,  2021–2028 (USD MILLION)
             10.6.3 BY VOLTAGE
                       TABLE 129 SOUTH AMERICA: MARKET, BY VOLTAGE,  2021–2028 (UNITS)
                       TABLE 130 SOUTH AMERICA: MARKET, BY VOLTAGE,  2021–2028 (USD MILLION)
             10.6.4 BY PHASE
                       TABLE 131 SOUTH AMERICA: MARKET, BY PHASE,  2021–2028 (USD MILLION)
             10.6.5 BY APPLICATION
                       TABLE 132 SOUTH AMERICA: MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             10.6.6 BY COUNTRY
                       TABLE 133 SOUTH AMERICA: MARKET, BY COUNTRY,  2021–2028 (USD MILLION)
                       10.6.6.1 Brazil
                                   10.6.6.1.1 High growth of mining industry
                                   TABLE 134 BRAZIL: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)
                                   TABLE 135 BRAZIL: MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 136 BRAZIL: MARKET, BY PHASE, 2021–2028 (USD MILLION)
                                   TABLE 137 BRAZIL: MARKET, BY APPLICATION,  2021–2028 (USD MILLION)
                       10.6.6.2 Argentina
                                   10.6.6.2.1 Growing adoption of renewable energy
                                   TABLE 138 ARGENTINA: MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)
                                   TABLE 139 ARGENTINA: MARKET, BY VOLTAGE,  2021–2028 (USD MILLION)
                                   TABLE 140 ARGENTINA: MARKET, BY PHASE, 2021–2028 (USD MILLION)
                                   TABLE 141 ARGENTINA: MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                       10.6.6.3 Rest of South America
                                   TABLE 142 REST OF SOUTH AMERICA: MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)
                                   TABLE 143 REST OF SOUTH AMERICA: MARKET, BY VOLTAGE,  2021–2028 (USD MILLION)
                                   TABLE 144 REST OF SOUTH AMERICA: MARKET, BY PHASE, 2021–2028 (USD MILLION)
                                   TABLE 145 REST OF SOUTH AMERICA: MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
 
11 COMPETITIVE LANDSCAPE (Page No. - 132)
     11.1 OVERVIEW 
     11.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS 
               FIGURE 43 MARKET: KEY STRATEGIES ADOPTED BY MAJOR PLAYERS, 2018–2023
     11.3 INDUSTRY CONCENTRATION OF KEY PLAYERS, 2022 
               FIGURE 44 MARKET: INDUSTRY CONCENTRATION OF KEY PLAYERS, 2022
     11.4 MARKET EVALUATION FRAMEWORK, 2018–2023 
               TABLE 146 MARKET EVALUATION FRAMEWORK, 2018–2023
     11.5 SEGMENTAL REVENUE ANALYSIS OF TOP FIVE PLAYERS,  2018–2022 
               FIGURE 45 SEGMENTAL REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2018–2022
     11.6 COMPETITIVE SCENARIOS AND TRENDS 
             11.6.1 DEALS
                       TABLE 147 DRY-TYPE TRANSFORMERS MARKET: DEALS, 2018–2023
             11.6.2 PRODUCT LAUNCHES
                       TABLE 148 MARKET: PRODUCT LAUNCHES, 2018–2023
             11.6.3 OTHERS
                       TABLE 149 MARKET: OTHERS, 2020–2021
     11.7 COMPANY EVALUATION MATRIX, 2022 
             11.7.1 STARS
             11.7.2 EMERGING LEADERS
             11.7.3 PERVASIVE PLAYERS
             11.7.4 PARTICIPANTS
                       FIGURE 46 MARKET: COMPANY EVALUATION MATRIX, 2022
     11.8 COMPETITIVE BENCHMARKING 
               TABLE 150 TECHNOLOGY: COMPANY FOOTPRINT
               TABLE 151 APPLICATION: COMPANY FOOTPRINT
               TABLE 152 PHASE: COMPANY FOOTPRINT
               TABLE 153 VOLTAGE: COMPANY FOOTPRINT
               TABLE 154 REGION: COMPANY FOOTPRINT
 
12 COMPANY PROFILES (Page No. - 144)
(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*
     12.1 KEY PLAYERS 
             12.1.1 SCHNEIDER ELECTRIC
                       TABLE 155 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
                       FIGURE 47 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
                       TABLE 156 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.2 EATON
                       TABLE 157 EATON: COMPANY OVERVIEW
                       FIGURE 48 EATON: COMPANY SNAPSHOT
                       TABLE 158 EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 159 EATON: DEALS
             12.1.3 TOSHIBA CORPORATION
                       TABLE 160 TOSHIBA CORPORATION: COMPANY OVERVIEW
                       FIGURE 49 TOSHIBA CORPORATION: COMPANY SNAPSHOT
                       TABLE 161 TOSHIBA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.4 HITACHI, LTD.
                       TABLE 162 HITACHI, LTD.: COMPANY OVERVIEW
                       FIGURE 50 HITACHI, LTD.: COMPANY SNAPSHOT
                       TABLE 163 HITACHI, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 164 HITACHI, LTD.: PRODUCT LAUNCHES
                       TABLE 165 HITACHI, LTD.: DEALS
                       TABLE 166 HITACHI, LTD.: OTHERS
             12.1.5 SIEMENS ENERGY
                       TABLE 167 SIEMENS ENERGY: COMPANY OVERVIEW
                       FIGURE 51 SIEMENS ENERGY: COMPANY SNAPSHOT
                       TABLE 168 SIEMENS ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 169 SIEMENS ENERGY: PRODUCT LAUNCHES
             12.1.6 GENERAL ELECTRIC
                       TABLE 170 GENERAL ELECTRIC: COMPANY OVERVIEW
                       FIGURE 52 GENERAL ELECTRIC: COMPANY SNAPSHOT
                       TABLE 171 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.7 FUJI ELECTRIC CO., LTD.
                       TABLE 172 FUJI ELECTRIC CO., LTD.: COMPANY OVERVIEW
                       FIGURE 53 FUJI ELECTRIC CO., LTD.: COMPANY SNAPSHOT
                       TABLE 173 FUJI ELECTRIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.8 CG POWER & INDUSTRIAL SOLUTIONS LTD.
                       TABLE 174 CG POWER & INDUSTRIAL SOLUTIONS LTD.: COMPANY OVERVIEW
                       FIGURE 54 CG POWER & INDUSTRIAL SOLUTIONS LTD.: COMPANY SNAPSHOT
                       TABLE 175 CG POWER & INDUSTRIAL SOLUTIONS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.9 KIRLOSKAR ELECTRIC COMPANY
                       TABLE 176 KIRLOSKAR ELECTRIC COMPANY: COMPANY OVERVIEW
                       FIGURE 55 KIRLOSKAR ELECTRIC: COMPANY SNAPSHOT
                       TABLE 177 KIRLOSKAR ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.10 HYOSUNG HEAVY INDUSTRIES
                       TABLE 178 HYOSUNG HEAVY INDUSTRIES: COMPANY OVERVIEW
                       FIGURE 56 HYOSUNG HEAVY INDUSTRIES: COMPANY SNAPSHOT
                       TABLE 179 HYOSUNG HEAVY INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.11 HAMMOND POWER SOLUTIONS
                       TABLE 180 HAMMOND POWER SOLUTIONS: COMPANY OVERVIEW
                       TABLE 181 HAMMOND POWER SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       FIGURE 57 HAMMOND POWER SOLUTIONS: COMPANY SNAPSHOT
                       TABLE 182 HAMMOND POWER SOLUTIONS: PRODUCT LAUNCHES
                       TABLE 183 HAMMOND POWER SOLUTIONS.: OTHERS
             12.1.12 VOLTAMP
                       TABLE 184 VOLTAMP: COMPANY OVERVIEW
                       TABLE 185 VOLTAMP: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       FIGURE 58 VOLTAMP: COMPANY SNAPSHOT
             12.1.13 WEG
                       TABLE 186 WEG: COMPANY OVERVIEW
                       TABLE 187 WEG: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       FIGURE 59 WEG: COMPANY SNAPSHOT
             12.1.14 TMC TRANSFORMERS S.P.A.
                       TABLE 188 TMC TRANSFORMERS S.P.A.: COMPANY OVERVIEW
                       TABLE 189 TMC TRANSFORMERS S.P.A.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 190 TMC TRANSFORMERS S.P.A.: DEALS
             12.1.15 HANLEY ENERGY
                       TABLE 191 HANLEY ENERGY: COMPANY OVERVIEW
                       TABLE 192 HANLEY ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             12.1.16 ALFANAR GROUP
                       TABLE 193 ALFANAR GROUP: COMPANY OVERVIEW
                       TABLE 194 ALFANAR GROUP: PRODUCTS/SERVICES/SOLUTIONS OFFERED
*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
     12.2 OTHER PLAYERS 
             12.2.1 EFACEC
             12.2.2 TBEA CO., LTD.
             12.2.3 JST POWER EQUIPMENT, INC.
             12.2.4 RPT RUHSTRAT POWER TECHNOLOGY GMBH
             12.2.5 RAYCHEM RPG PRIVATE LIMITED
             12.2.6 DELTA STAR POWER MANUFACTURING CORP.
 
13 APPENDIX (Page No. - 185)
     13.1 INSIGHTS FROM INDUSTRY EXPERTS 
     13.2 DISCUSSION GUIDE 
     13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL 
     13.4 CUSTOMIZATION OPTIONS 
     13.5 RELATED REPORTS 
     13.6 AUTHOR DETAILS 

The study involved major activities in estimating the current size of the dry type transformer market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

This research study on the dry type transformers market involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg, Factiva, IRENA, International Energy Agency, and Statista Industry Journal, to collect and identify information useful for a technical, market-oriented, and commercial study of the market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research

The dry type transformer market comprises several stakeholders, such as dry type transformer manufacturers, technology providers, and technical support providers in the supply chain. The demand side of this market is characterized by the rising demand for dry type transformers in various applications such as industrial, commercial, utilities, and others. The supply side is characterized by rising demand for contracts from the industrial sector and mergers & acquisitions among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Dry Type Transformer Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the dry type transformers market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market share has been determined through primary and secondary research.
  • The industry’s value chain and market size, in terms of value, have been determined through both primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Dry type transformer Market Size: Top-Down Approach

Dry Type Transformer Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Dry type transformer Market Size: Bottom-Up Approach

Dry Type Transformer Market Size, and Share

Data Triangulation

After arriving at the overall market size from the above estimation process, the total market has been split into several segments and subsegments. Data triangulation and market breakdown processes have been employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand- and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.

Market Definition

Dry type transformers are transformers that do not use any liquid to dissipate heat. The coils in dry type transformers are insulated with a gaseous or dry medium. Dry Type transformers are divided into two types: Cast Resin Dry Type Transformers and Vacuum Pressure Impregnated Transformers (VPI). Cast Resin Dry Type Transformers are transformers that use a solid cast resin, typically epoxy, to insulate and protect its primary and secondary windings. Whereas Vacuum Pressure Impregnated (VPI) transformers are the transformers that use a vacuum and pressure process to impregnate the coils with a resin. Stringent environmental regulations, fire safety, easy installation, low maintenance are some of the factors driving the market.

The dry type transformers market comprises revenues of companies generated by year-on-year installation of dry type transformers by major manufacturers for major applications such as commercial, industrial, utilities and other applications.

Key Stakeholders

  • Energy Regulators
  • Consulting companies in the energy and power sector
  • Distributors of dry type transformers
  • Governments and research organizations
  • Power equipment and garden tool manufacturers
  • Dry type transformers manufacturers
  • Spare parts and component suppliers

Objectives of the Study

  • To define, describe, segment, and forecast the dry type transformers market size, by technology, voltage, phase, and application, in terms of volume & value.
  • To forecast the market size across five key regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America, along with the country-level market sizes, in terms of value
  • To provide detailed information about the key drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the dry type transformers market
  • To strategically analyze the dry type transformers market with respect to individual growth trends, prospects, and contributions of each segment to the market
  • To provide information pertaining to the supply chain, trends/disruptions impacting customer business, market map, pricing of portable power stations, and regulatory landscape pertaining to the dry type transformers market
  • To strategically analyze the micromarkets1 with respect to individual growth trends, upcoming expansions, and their contributions to the overall market
  • To analyze opportunities for stakeholders in the dry type transformers market and draw a competitive landscape for market players.
  • To benchmark players within the market using the company evaluation quadrant, which analyzes market players on various parameters within the broad categories of business and product strategies.
  • To compare key market players with respect to the market share, product specifications, and applications
  • To strategically profile key players and comprehensively analyze their market ranking and core competencies2
  • To track and analyze competitive developments in the dry type transformers market, such as sales contracts, agreements, investments, expansions, product launches, alliances, mergers, partnerships, joint ventures, collaborations, and acquisitions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Product Analysis

  • Product Matrix, which provides a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analyses and profiling of additional market players
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
EP 3737
Published ON
Aug, 2023
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