Summary

Dry Type Transformers Market Size, Share, and Analysis, By Technology (Cast Resin and Vacuum Pressure Impregnated), By Phase (Single and Three), By Voltage (Low (<1 kV), Medium (1–36 kV), and High (Above 36 kV)), By Application (Industries, Inner-City Substations, Indoor & Underground Substations, Renewable Generation, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034PRODUCT OVERVIEWDry Type Transformers Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 6.3 billion and is projected to reach USD 12.9 billion by the completion of 2034.Dry type transformers are electrical devices that operate without the use of liquid or oil for cooling, which differentiates them from oil-filled transformers. They employ air or gas to dissipate heat that is generated during operation, which makes them suitable for environments where flammability or leakage risks are major issues. Dry type transformers are insulated with materials such as epoxy or cast resin and provide electrical insulation, along with protection against environmental factors like moisture and dust. These transformers are found in indoor settings such as commercial buildings, hospitals, and industrial facilities, offering safety and environmental friendliness. Furthermore, they are available in various sizes and configurations to meet different voltage levels and power demands, which ensures dependable and efficient electrical distribution while minimizing the risk of environmental contamination or fire hazards linked with oil-filled transformers.MARKET HIGHLIGHTSDry type transformers market is projected to reach USD 12.9 billion over the forecast period, due to the rising energy demand, environmental policies, and a greater emphasis on sustainability. Increasing consciousness for environment and a shift toward greener energy options are expected to sustain the development of dry type transformer market. Improvements in insulation materials and manufacturing methods are additionally helping to improve the efficiency and reliability of dry type transformers, which is increasing their use across multiple industries. Moreover, industries such as manufacturing, construction, and utilities are pushing the adoption of dry type transformers across the world. Emerging economies are becoming major markets for dry type transformers due to industrialization and urban development. Therefore, these factors collectively indicate a promising future for the global dry type transformer market, with continued innovation and expansion anticipated in the coming years.Dry Type Transformers Market Segments:• By Technologyo Cast Resino Vacuum Pressure Impregnated• By Phaseo Singleo Three• By Voltageo Low (<1 kV)o Medium (1–36 kV)o High (Above 36 kV)• By Applicationo Industrieso Inner-City Substationso Indoor & Underground Substationso Renewable Generationo OthersMARKET DYNAMICS Growth DriversGrowing Demand for Renewable Energy will Create Growth OpportunitiesUrbanization and Construction of Infrastructure will Propel Market ExpansionRestraintSignificant Initial Costs of Procurement and Integration may Limit the Industry's GrowthKey Players• ABB Ltd.• Schneider Electric SE• Siemens AG• Eaton Corporation plc• General Electric Company• Toshiba Corporation• Hitachi, Ltd.• Mitsubishi Electric Corporation• Crompton Greaves Ltd.• Fuji Electric Co., Ltd.• TBEA Co., Ltd.• Wilson Transformer Company• Voltamp Transformers Limited• Hammond Power Solutions Inc.• Jinpan International Limited• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)Global Laboratory Temperature Control Units Market is further segmented by region into:• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENAReasons to Purchase this Report • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors • Provision of market value (USD Billion) data for each segment and sub-segment • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis • Provides insight into the market through Value Chain • Market dynamics scenario, along with growth opportunities of the market in the years to come • 3-month post-sales analyst support.

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Table of Contents

1.Executive Summary1.1. Regional Market Share1.2.Business Trends1.3. Dry Type Transformers Market: COVID-19 Outbreak1.4. Regional Trends1.5. Segmentation Snapshot2. Research Methodology2.1.Research Objective 2.2. Research Approach 2.3. Data Sourcing and Methodology2.4.Primary Research2.5.Secondary Research2.5.1.Paid Sources2.5.2. Public Sources 2.6. Market Size Estimation and Data Triangulation 3. Market Characteristics 3.1.Market Definition3.2.Dry Type Transformers Market: COVID-19 Impact3.3. Key Segmentations 3.4.Key Developments3.5.Allied Industry Data4.Dry Type Transformers Market – Industry Insights4.1. Industry Segmentation4.2.COVID-19 overview on world economy4.3.Industry ecosystem Channel analysis4.4.Innovation & Sustainability5. Macroeconomic Indicators6. Recent Developments7. Market Dynamics7.1.Introduction7.2. Growth Drivers7.3. Market Opportunities 7.4.Market Restraints7.5. Market Trends8.Risk Analysis9. Market Analysis9.1.Porters Five Forces9.2. PEST Analysis9.2.1.Political9.2.2. Economic9.2.3. Social9.2.4. Technological10.Dry Type Transformers Market10.1.Overview10.2. Historical Analysis (2019-2022)10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast11. Dry Type Transformers Market Size & Forecast 2024A-2034F11.1. Overview 11.2.Key Findings11.3.Market Segmentation11.3.1. By Technology11.3.1.1. Cast Resin11.3.1.1.1.By Value (USD Million) 2024-2034F11.3.1.1.2. Market Share (%) 2024-2034F11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F11.3.1.2.Vacuum Pressure Impregnated11.3.1.2.1. By Value (USD Million) 2024-2034F11.3.1.2.2.Market Share (%) 2024-2034F11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F11.3.2. By Phase11.3.2.1.Single11.3.2.1.1. By Value (USD Million) 2024-2034F11.3.2.1.2.Market Share (%) 2024-2034F11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F11.3.2.2. Three11.3.2.2.1.By Value (USD Million) 2024-2034F11.3.2.2.2. Market Share (%) 2024-2034F11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F11.3.3.By Voltage11.3.3.1.Low (<1 kV)11.3.3.1.1. By Value (USD Million) 2024-2034F11.3.3.1.2.Market Share (%) 2024-2034F11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F11.3.3.2. Medium (1-36 kV)11.3.3.2.1.By Value (USD Million) 2024-2034F11.3.3.2.2. Market Share (%) 2024-2034F11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F11.3.3.3. High (Above 36 kV)11.3.3.3.1.By Value (USD Million) 2024-2034F11.3.3.3.2. Market Share (%) 2024-2034F11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F11.3.4.By Application11.3.4.1.Industries11.3.4.1.1. By Value (USD Million) 2024-2034F11.3.4.1.2.Market Share (%) 2024-2034F11.3.4.1.3.Y-o-Y Growth (%) 2024-2034F11.3.4.2. Inner-City Substations11.3.4.2.1.By Value (USD Million) 2024-2034F11.3.4.2.2. Market Share (%) 2024-2034F11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F11.3.4.3. Indoor & Underground Substations11.3.4.3.1.By Value (USD Million) 2024-2034F11.3.4.3.2. Market Share (%) 2024-2034F11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F11.3.4.4.Renewable Generation11.3.4.4.1.By Value (USD Million) 2024-2034F11.3.4.4.2. Market Share (%) 2024-2034F11.3.4.4.3. Y-o-Y Growth (%) 2024-2034F11.3.4.5. Others11.3.4.5.1.By Value (USD Million) 2024-2034F11.3.4.5.2. Market Share (%) 2024-2034F11.3.4.5.3. Y-o-Y Growth (%) 2024-2034F12.North America Dry Type Transformers Market Size & Forecast 2024A-2034F12.1.Overview 12.2. Key Findings12.3. Market Segmentation12.3.1.By Technology12.3.2. By Phase12.3.3. By Voltage12.3.4. By Application12.4. Country12.4.1. United States12.4.2. Canada13.Europe Dry Type Transformers Market Size & Forecast 2024A-2034F13.1.Overview 13.2. Key Findings13.3. Market Segmentation13.3.1.By Technology13.3.2. By Phase13.3.3. By Voltage13.3.4. By Application13.4.Country13.4.1.Germany13.4.2. United Kingdom13.4.3. France13.4.4. Italy13.4.5. Spain13.4.6. Russia13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)14.Asia-Pacific Dry Type Transformers Market Size & Forecast 2024A-2034F14.1. Overview 14.2. Key Findings14.3.Market Segmentation14.3.1.By Technology14.3.2. By Phase14.3.3. By Voltage14.3.4. By Application14.4. Country14.4.1.India14.4.2. China14.4.3. South Korea14.4.4.Japan14.4.5.Rest of APAC15.Middle East and Africa Dry Type Transformers Market Size & Forecast 2024A-2034F15.1.Overview 15.2. Key Findings15.3. Market Segmentation15.3.1.By Technology15.3.2. By Phase15.3.3. By Voltage15.3.4. By Application15.4.Country15.4.1. Israel15.4.2. GCC15.4.3. North Africa15.4.4.South Africa15.4.5. Rest of Middle East and Africa16. Latin America Dry Type Transformers Market Size & Forecast 2024A-2034F16.1.Overview 16.2. Key Findings16.3. Market Segmentation16.3.1.By Technology16.3.2. By Phase16.3.3. By Voltage16.3.4. By Application16.4.Country16.4.1. Mexico16.4.2. Brazil16.4.3. Rest of Latin America17. Competitive Landscape17.1.Company market share, 202317.2. Key player overview17.3. Key stakeholders18. Company Profiles 18.1. ABB Ltd.18.1.1.Company Overview18.1.2.Financial Overview18.1.3.Key Product; Analysis18.1.4.Company Assessment18.1.4.1.Product Portfolio18.1.4.2.Key Clients18.1.4.3. Market Share 18.1.4.4. Recent News & Development (Last 3 Yrs.)18.1.4.5. Executive Team18.2. Schneider Electric SE18.3. Siemens AG18.4. Eaton Corporation plc18.5. General Electric Company18.6. Toshiba Corporation18.7. Hitachi, Ltd.18.8. Mitsubishi Electric Corporation18.9. Crompton Greaves Ltd.18.10. Fuji Electric Co., Ltd.18.11.TBEA Co., Ltd.18.12. Wilson Transformer Company18.13. Voltamp Transformers Limited18.14. Hammond Power Solutions Inc.18.15. Jinpan International Limited18.16. Other Prominent Players19. Appendix20.Consultant Recommendation