Dry Type Distribution Transformer Market Size - By Core, By Technology, By Product, By Winding, By Rating, By Application, & Forecast, 2023

Description

Dry Type Distribution Transformer Market size is projected to grow at over 10% CAGR from 2023 to 2032, attributed to continuous innovations, such as improved insulation materials and design efficiency.

Advanced insulation materials, digital monitoring systems, and smart grid integration capabilities have made dry-type transformers more appealing to utilities and industries. For instance, in April 2022, Siemens Energy introduced "CAREPOLE," a novel dry-type single-phase transformer for pole applications to cater to the rising technological needs of the American grids. Moreover, with industries prioritizing energy efficiency and sustainability along with the increasing enforcement of stricter regulations by governments, the market growth will gain significant momentum.

The dry-type distribution transformer market is categorized in terms of core, technology, product, winding, rating, application, and region.

With respect to core, the closed-core dry-type distribution transformer market is anticipated to witness substantial growth between 2023 and 2032. Closed-core transformers offer superior energy efficiency and environmental friendliness as they eliminate the risk of oil leakage and fires associated with traditional oil-filled transformers. Increasing penetration in urban areas, indoor installations, and environmentally sensitive locations will also contribute to the segment growth.

The industry value from the commercial & industrial application segment is foreseen to expand at notable CAGR from 2023-2032. The growth can be attributed to the rising advantages offered by dry-type transformers, including reduced fire risk and lower maintenance costs. The increasing focus on sustainability and energy efficiency across industries worldwide is also surging the demand for efficient transformers in commercial complexes, manufacturing plants, data centers, and other industrial settings.

Regionally, Europe held sizable share of the dry type distribution transformer market in 2022 and is expected to record robust growth through 2032 driven by the strong commitment to sustainability in the region. The ongoing implementation of stringent environmental regulations has resulted in the incessant need to upgrade aging infrastructure, further fueling the demand for dry-type transformers.

Additionally, the increasing adoption of renewable energy sources has prompted the expansion of data centers and manufacturing facilities. Moreover, industry players are investing in the development of innovative solutions to cater to the rising product demand in the region. For instance, in May 2023, Hitachi Energy, a worldwide technological leader, introduced EasyDry®, a new dry-type, dry-type, high-voltage transformer at CWIEME Berlin.

Product Code: 6234

Chapter 1 Methodology & Scope

1.1 Market scope and definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Dry type distribution transformer industry 360 degree synopsis, 2019 - 2032
- 2.1.1 Business trends
- 2.1.2 Core trends
- 2.1.3 Product trends
- 2.1.4 Winding trends
- 2.1.5 Rating trends
- 2.1.6 Application trends
- 2.1.7 Regional trends

Chapter 3 Dry Type Distribution Transformer Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Vendor matrix
3.2 Regulatory landscape
3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
3.4 Growth potential analysis
3.5 Porter's Analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
3.6 PESTEL Analysis
3.7 COVID- 19 impact on the industry outlook

Chapter 4 Competitive Benchmarking

4.1 Innovation & sustainability landscape
4.2 Competitive landscape, 2022
- 4.2.1 Strategy dashboard

Chapter 5 Dry Type Distribution Transformer Market, By Core

5.1 Key core trends
5.2 Closed
5.3 Shell
5.4 Berry

Chapter 6 Dry Type Distribution Transformer Market, By Product

6.1 Key product trends
6.2 Open wound
6.3 Cast resin
6.3 Vacuum pressure impregnated
6.3 Vacuum pressure encapsulated

Chapter 7 Dry Type Distribution Transformer Market, By Winding

7.1 Key winding trends
7.2 Two winding
7.3 Auto-transformer

Chapter 8 Dry Type Distribution Transformer Market, By Rating

8.1 Key rating trends
8.2 ≤ 250 kVA
8.3 > 250 kVA to ≤ 1 MVA
8.4 > 1 MVA

Chapter 9 Dry Type Distribution Transformer Market, By Application

9.1 Key application trends
9.2 Residential
9.3 Commercial & industrial
9.4 Utility

Chapter 10 Closed Core Transformer Market, By Region

10.1 Key regional trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
- 10.2.3 Mexico
10.3 Europe
- 10.3.1 Germany
- 10.3.2 France
- 10.3.3 Russia
- 10.3.4 UK
- 10.3.5 Italy
- 10.3.6 Spain
- 10.3.7 Netherlands
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 Japan
- 10.4.3 South Korea
- 10.4.4 India
- 10.4.5 Australia
10.5 Middle East & Africa
- 10.5.1 Saudi Arabia
- 10.5.2 UAE
- 10.5.3 Qatar
- 10.5.4 Egypt
- 10.5.5 South Africa
- 10.5.6 Nigeria
10.6 Latin America
- 10.6.1 Brazil
- 10.6.2 Peru
- 10.6.3 Argentina

Chapter 11 Company Profiles

11.1 ABB
11.2 GE
11.3 Eaton
11.4 Schneider Electric
11.5 Siemens Energy
11.6 Hitachi Energy Ltd.
11.7 CG Power & Industrial Solutions Ltd.
11.8 Toshiba Energy Systems & Solutions Corporation
11.9 Bharat Heavy Electricals Limited (BHEL)
11.10 Raychem RPG Private Limited
11.11 Instrument Transformer Equipment Corporation, Inc.
11.12 Fuji Electric Co., Ltd.
11.13 WEG
11.14 URJA Techniques
11.15 TMC Transformers S.P.A.
11.16 SGB SMIT

Dry Type Distribution Transformer Market Size - By Core, By Technology, By Product, By Winding, By Rating, By Application, & Forecast, 2023 - 2032