Global Dry Type Transformer Market

Transformers are devices used for transferring electricity between circuits through electromagnetic induction. Dry type transformersare the ones nothaving their magnetic circuit and windings submerged in insulating liquid. They only require high temperate insulation systems. Dry type transformer is directly cooled by air ventilation and has no moving parts. It requires less maintenance in comparison to its peers, and provides longer &trouble free services. Dry type transformer utilizes environmentally safe materials and does not require fireproof vaults, catch basins etc. This enables installation of these transformers inside buildings, closer to the load, improving the system regulation and reducing secondary losses. They are also suitable for outdoor installations by utilizing greater insulation. It is easily installed and is resistant to short-circuit currents.

End-user/Technology

The major end-users of these transformers are in the electric power, chemical, oil & gas, data center and mass transit industry. Any industry has electricity needs which creates the requirement for transformers, making its demand endless. Dry type transformer variants are suitable for installation in high-rises, schools, hospitals, factoriesetc.

Market Dynamics

The demand for dry type transformer is mainly driven by increasing electrification requirements,renewable power adoption, and safety needs. The government regulations to support the latter are bringing forth newer

opportunities.

This increasing demand is constrained byhigh costs. Another impediment is the lack of investment to support grid expansions. These same constraints entail multi-billion opportunity for growth in this industry as the technology improves and costs come down.

Market Segmentation

The market of dry type transformer can be segmented in terms ofproduct types, its construction methods& requirements, by classes of insulation,and by its application.

Segmentation based on product types, the market can be classified by capacity, voltage rating, core, and coils. Based on construction method& requirements, the classification includes open wound, vacuum pressure impregnated (VPI) & encapsulated (VPE), and cast coil. Based on classes of insulation, it is divided on the basis of ability to withstand thermal limits. Based on application, it can be classified on the basis of theindustrial sectors of its end users.

All of the above segmentations are fluid as new technologies emerge. Additionally, the geographical concentration of the markets and the makers give an additional layout to these segments.

Regional/Geographic Analysis

North America (USA) andEurope especially Germany, house almost all of the top dry type transformer manufacturingcompanies, granting them a dominant market share. Although they currently drive and are the largestmarket, future growth will come from APAC (China, India)and Middle East (Saudi Arabia, Iran), with their booming economiesand growing electrification needs.

Opportunities

Renewable power requirements are increasing the addition of dry type transformers.Increase in populationin developing countries is also providing greaterelectrification opportunities in newer markets. Replacement of ageing infrastructure is also providing more avenues for growth.

Key Players

Some of the major players in the market include ABB, Crompton Greaves, Dupont, Eaton, Fuji, GE, Schneider, Hammond, Jinpan, Kirloskar, Prima, Raychem, Siemens, TBEA,Temco, Virginia, and Voltamp.

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage