Dry Type Transformer Companies - Schneider Electric (France), Siemens Energy (Germany) and Eaton (Ireland) are Key Players
The global dry type transformer market is projected to reach USD 9.2 billion by 2028 from an estimated USD 6.6 billion in 2023, at a CAGR of 6.8% during the forecast period. The rising safety concerns, increasing focus on renewable energy, and the growing demand for electricity is driving the growth of the dry type transformer market.
Due to their strong supply network, a few global and regional players hold a strong foothold in the dry-type transformer market. Schneider Electric (France), Hitachi, Ltd. (Japan), Eaton (Ireland), Siemens Energy (Germany), and TOSHIBA CORPORATION (Japan) are the market leaders in the dry type transformers market. These companies have adopted strategies such as product launches, partnerships, acquisitions, and expansions to increase their market share.
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Schneider Electric is a french multinational company that specializes in digital automation and energy & power management. The company provides diverse range of products such as low voltage products and systems, solar & energy storage products, medium voltage distribution and grid automation products, products for residential and small business and more. The company operates through two reportable segments: Energy Management and Industrial Innovation. The company provide dry type transformers through its Energy Management business segment. The company’s products and solutions have applications in healthcare, marine, food and beverage, hotels, transportation, automotive and emobility, data center and network solutions and more. The company has 162 production factories, 84 distribution centers, and about 800 commercial offices and R&D laboratories spread across the globe.
Eaton is a global power management company, providing reliable, efficient, safe and sustainable power management technologies. Eaton provides electrical products, hydraulic equipments, mechanical products and power management solutions.
Eaton operates through six reportable segments: Electrical Americas, Electric Global, Hydraulics, Aerospace, Vehicle, and eMobility. The company provides dry type transformers through its electrical business segment. The company offers a diverse range of transformers such as encapsulated transformers, ventilated transformers, non- ventilated transformers, low voltage dry type transformers and more.The company conducts its business operations in more than 175 countries in North America, South America, Europe, and the Asia Pacific.
Siemens Energy is a global energy technology company that specializes in providing innovative power solutions. In 2020, Siemens Energy was established as an independent company after being spun off from Siemens AG. The company operates through two reportable segments: gas and power and Siemens Gamesa Renewable Energy (SGRE). Gas & Power segment is divided into three divisions namely, transmission, generation and industrial application. The company offers diverse range of transformers such as fluid-immersed distribution transformers, HVDC transformers, dry type transformers and more through gas and power business segment. The company offers dry type transformers for applications such as power plant, wind power plant, commercial applications and more.
The company has presence in more than 90 countries across the world.
Related Reports:
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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