Global Dry-Type Transformers Market 2017-2021

Below are some of the key findings from the global dry-type transformers market

Want a bigger picture? Get a FREE sample of this report now!

See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.   

Global dry-type transformers market overview

The global dry-type transformers market is anticipated to grow at a steady rate and will post a CAGR of more than 5% during the forecast period. The deterioration of transformer oil due to the moisture ingress will drive the growth prospects for the global dry-type transformers market until the end of 2021. According to the industry research report, every time there is a moisture ingress, the quantity of the insulating oil increases, while, the life of the oil is reduced. Some of the major factors responsible for the deterioration of transformer oil is the development of small oil leaks in the oil cooling pipe, absorption of moisture from the atmosphere, aging of transformer, degradation of the insulation, pressure difference in the gasket seals, and failure in the replacement of moist silica in breathers with dry ones.

The expansion of renewable power generation capacity will drive the growth prospects for the global dry-type transformers in the forthcoming years. Some of the major contributing factors for the increasing adoption of renewable sources of energy like wind and solar energy are stringent carbon emission goals and the need to reduce the dependency on depleting fossil resources. For instance, the total wind power installed across the European Union was 142 GW, as per Global Wind Energy Council (GWEC) in 2016. In addition, it has been observed that the Gulf Cooperation Council (GCC) countries are also increasingly shifting towards the usage of alternative energy sources because they witness a constant and steady sunshine throughout the year.

Competitive landscape and key vendors

The global dry-type transformers market is moderately fragmented and highly competitive due to the presence of a large number of regional and international vendors across the globe. Also, a large number of new entrants find it difficult to enter the market due to the high capital expenditure that is required to enter the market. Moreover, the new entrants find it difficult to compete against the international vendors in terms of quality, design, product features, turnaround time, services, and maintenance of customer relationships.

Key vendors in this market are -

• ABB
• Crompton Greaves
• GE
• Schneider Electric
• Siemens

Other prominent vendors in the market include DuPont, Eaton, ELANTAS, Fuji Electric, Hammond Power Solution, Jinpan International, Kirloskar Electric, KOTSONS, MGM Transformer Company, Prima Transformers, Raychem RPG, Synergy Transformers, TBEA Transformer Industrial, Temco, Vijay Power Control Systems, Virginia Transformer, and Voltamp Transformers.

Get more value with Technavio’s subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Start your FREE 14-day trial

Segmentation by application and analysis of the dry-type transformers market

• Distribution transformers
• Power transformers

The distribution transformers accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. Some of the major factors responsible for the growing popularity of dry-type distribution transformers is its immunity towards any form of accidents caused by fire and its other environmental benefits.

Segmentation by geography and analysis of the dry-type transformers market

• Americas
• APAC
• EMEA

In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. Some of the major factors responsible for the market’s growth in the region is rapid urbanization and improvements in the standard of living.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global dry-type transformers market?
• What are the key market trends impacting the growth of the global dry-type transformers market?
• What are the challenges to market growth?
• Who are the key vendors in the global dry-type transformers market?
• What are the market opportunities and threats faced by the vendors in the global dry-type transformers market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global dry-type transformers market?

Want to dial in on a specific region or segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch