Dry transformers are termed as ‘voltage changing’ meaning instead of cooling the liquid, the air is cooled inside the device. Dry transformers are static devices that utilize nature-friendly temperature insulation systems. Unlike liquid transformers, the dry ones do not need silicone or oil for cooling the electrical coils and core of the device. The increasing demand for smooth and efficient energy flow is a major factor anticipated to increase the global dry transformer market size. This information is provided in the recently published report by Fortune Business Insights™ titled, “Dry Transformer Market Size, Share & Industry Analysis, By Type (Cast Resin, Vacuum Pressure Impregnated), By Phase (Single Phase, Three Phase), By Voltage (Low, Medium), By Application (Industrial, Commercial, Others) and Regional Forecast, 2019-2026.”
Key Dry Transformer Market Manufacturers include:
- Fuji Electric Corp. of America
- Schneider Electric
- Federal Pacific Transformers
- Hammond Power Solutions
- Kirloskar Electric Co. Ltd.
- Sudhir Power Ltd.
- Streamer Electric AG
The report offers detailed analyses of growth drivers, hindrances, current trends, future prospects, and regions. Apart from these, the report helps in providing elaborative information on the segments present in the global dry type transformers market. It does not fail to pin-point the global market competition dynamics to offer an in-depth competitive edge.
Key Questions Answered:
- What are the key technological and Dry Type Transformers Market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
- Why Choose Fortune Business Insights?
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Dry Type Transformers Market growth?
Players Investing in Launch of Digital Dry Transformers to Stay Ahead of Competition
Players operating in the dry transformer market are adopting strategies such as collaborative production, mergers and acquisitions, contracts and others for gaining a competitive edge in the market. Some players are also trying to launch a digital transformer ensuring better performance and thus attract high revenues in the forecast period.
Key industry developments of the dry transformer market include:
November 2018 – ABB announced the launch of its dry-type digital transformer namely ABB Ability TXpert Dry, at the ABB consumer world event held in Xiamen, China.
August 2019 – Mill Point Capital bought liquid-filled and dry transformer business from Pioneer Power Solution Inc., for USD 68 million.
Increasing Investments in Transmission and Distribution Networks to Favor Growth in North America
Geographically, the global dry type transformers market is grouped into Asia Pacific, the Middle East and Africa, North America, Latin America, and Europe. Amongst these regions, North America is projected to be one of the most significant markets for dry type transformers in the coming years. It is likely to occur due to a rise in the investment in distribution and transmission networks that are further aiding in the creation of a wide scope for the electrical components in this region. Europe, on the other hand, is anticipated to support the development of dry type transformers due to increasing industrialization and urbanization.
Asia Pacific is expected to lead the global dry type transformers market because of improving lifestyle of people as well as ever-increasing population. These factors are leading to a rise in energy consumption in emerging countries, such as India and China. In Latin America, countries, namely, Argentina and Brazil are considered to be the major markets due to increasing demand for dry type transformers from various sectors. The government of Argentina is also set to commission multiple large projects, both in the generation and transmission sectors.
- By Type
- By Application
- By Geography
Hammond Power Solutions Unveils its Encapsulated Transformers Range Named HPS Titan N
Hammond Power Solutions Inc., a manufacturer of dry-type transformers, based in Canada, announced in January 2019, that its enhanced line of three-phase encapsulated transformers is now available for industrial and remote environmental conditions. The product is called HPS Titan N. It provides state-of-the-art design with technological innovations. The transformer is fully enclosed in silica and epoxy. Hence, it helps the device in preventing ingress of moisture and other airborne contaminants. Improved electrical performance, namely, high impedance, low inrush current, and 10kV BIL aid in minimizing equipment damage and improving safety. Furthermore, a broad range of temperature classes and enhance thermal performance make HPS Titan N adaptable for numerous applications. The new design provides features, such as textured powder coating, wall and floor mount, removable hinged door, and front entry.
Major Table of Content for Dry Transformer Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Market Analysis, Insights and Forecast, 2015-2026
- North America Market Analysis, Insights and Forecast, 2015-2026
- Europe Market Analysis, Insights and Forecast, 2015-2026
- Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
- Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
- Latin America Market Analysis, Insights and Forecast, 2015-2026
- Competitive Landscape
- Company Profile
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