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Market Research Report

North America Dry-type Transformer Market Forecast 2021-2028

Published by Inkwood Research Product code 963261
Published Content info 174 Pages
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North America Dry-type Transformer Market Forecast 2021-2028
Published: October 8, 2020 Content info: 174 Pages
Description

KEY FINDINGS

The North America dry-type transformer market is expected to register a CAGR of 6.74%, over the forecast period of 2021 to 2028. The primary factors attributed to the market growth are, the rapid economic development due to the relocation of manufacturing bases, and the increased demand for electricity.

MARKET INSIGHTS

The North America dry-type transformer market growth is analyzed by assessing Canada and the United States. In Canada, the power sector is dominated by renewable sources, like hydropower, which accounts for more than 50% of the generation. Provinces such as Ontario witness a diverse and robust supply mix, with hydroelectric and natural gas-based power generation, solar and wind power generation, and increased demand-response resources. Moreover, in addition to the United States, Canada also achieved a 100% electrification rate, in recent years. Besides, the majority of the country's electrical transmission and distribution grids were developed during the high economic growth period, from the 1950s to the 1980s.

However, Canada's aging infrastructure has resulted in increased outages and higher failure rates. As a result, the nation requires a massive infrastructural renewal. Refurbishing the existing transmission and distribution infrastructure is anticipated to be a crucial driver for the region's dry-type transformer market. Canada's power sector is also transforming from a system based on an extensive and centralized generation, transmission, and distribution, to a relatively smaller-scale and distributed generation. Likewise, the declining costs of equipment are also encouraging the localized generation of distributed energy, like, solar and wind. Thus, such factors are anticipated to fuel the market growth, over the forecast period.

COMPETITIVE INSIGHTS

Prominent companies operating in the market include, General Electric Company, Hammond Power Solutions Inc, Hanley Energy GCC, Voltamp Transformers Ltd, Eaton Corporation PLC, etc.

Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Table of Contents
Product Code: 34225

TABLE OF CONTENTS

1. RESEARCH SCOPE & METHODOLOGY

  • 1.1. STUDY OBJECTIVES
  • 1.2. SCOPE OF STUDY
  • 1.3. METHODOLOGY
  • 1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

  • 2.1. MARKET SIZE & ESTIMATES
  • 2.2. MARKET OVERVIEW

3. MARKET DYNAMICS

  • 3.1. KEY DRIVER
    • 3.1.1. GROWING DEMAND FOR ELECTRICITY FOR DIFFERENT END-USERS
    • 3.1.2. GROWING ADOPTION OF NON-CONVENTIONAL AND RENEWABLE ENERGY
    • 3.1.3. AGING DISTRIBUTION AND TRANSMISSION INFRASTRUCTURE
  • 3.2. KEY RESTRAINTS
    • 3.2.1. DEVELOPMENT OF SOLID-STATE TRANSFORMERS (SSTS)
    • 3.2.2. LIMITATIONS OF OIL-COOLED TRANSFORMERS

4. KEY ANALYTICS

  • 4.1. IMPACT OF COVID-19 ON DRY-TYPE TRANSFORMER MARKET
  • 4.2. KEY INVESTMENT INSIGHTS
  • 4.3. PORTER'S FIVE FORCE ANALYSIS
    • 4.3.1. BUYER POWER
    • 4.3.2. SUPPLIER POWER
    • 4.3.3. SUBSTITUTION
    • 4.3.4. NEW ENTRANTS
    • 4.3.5. INDUSTRY RIVALRY
  • 4.4. OPPORTUNITY MATRIX
  • 4.5. VENDOR LANDSCAPE
  • 4.6. REGULATORY FRAMEWORK

5. MARKET BY TYPE

  • 5.1. DRY-TYPE CONVERTER TRANSFORMER
  • 5.2. DRY-TYPE RECTIFIER TRANSFORMER

6. MARKET BY TECHNOLOGY

  • 6.1. CAST RESIN
  • 6.2. VACUUM PRESSURE IMPREGNATED

7. MARKET BY PHASE

  • 7.1. SINGLE-PHASE
  • 7.2. THREE-PHASE

8. MARKET BY VOLTAGE

  • 8.1. LOW-VOLTAGE
  • 8.2. MEDIUM-VOLTAGE

9. MARKET BY END-USER

  • 9.1. INDUSTRIAL
    • 9.1.1. MARINE
    • 9.1.2. CHEMICAL
    • 9.1.3. OIL & GAS INDUSTRY
    • 9.1.4. RENEWABLE ENERGY GENERATION
    • 9.1.5. RAILWAY
    • 9.1.6. OTHERS
  • 9.2. COMMERCIAL
  • 9.3. OTHERS

10. GEOGRAPHICAL ANALYSIS

  • 10.1. NORTH AMERICA
    • 10.1.1. MARKET SIZE & ESTIMATES
    • 10.1.2. KEY GROWTH ENABLERS
    • 10.1.3. KEY CHALLENGES
    • 10.1.4. KEY PLAYERS
    • 10.1.5. COUNTRY ANALYSIS
      • 10.1.5.1. UNITED STATES
      • 10.1.5.2. CANADA

11. COMPETITIVE LANDSCAPE

  • 11.1. KEY STRATEGIC DEVELOPMENTS
    • 11.1.1. MERGER & ACQUISITIONS
    • 11.1.2. PRODUCT LAUNCH & DEVELOPMENTS
    • 11.1.3. PARTNERSHIP, CONTRACT/AGREEMENT & COLLABORATION
  • 11.2. COMPANY PROFILE
    • 11.2.1. BHARAT HEAVY ELECTRICALS LTD
    • 11.2.2. EATON CORPORATION PLC
    • 11.2.3. FUJI ELECTRIC CO LTD
    • 11.2.4. GENERAL ELECTRIC COMPANY
    • 11.2.5. HAMMOND POWER SOLUTIONS INC
    • 11.2.6. HANLEY ENERGY GCC
    • 11.2.7. HITACHI LTD
    • 11.2.8. HYOSUNG HEAVY INDUSTRIES
    • 11.2.9. KIRLOSKAR ELECTRIC CO LTD
    • 11.2.10. POWER SP ZOO
    • 11.2.11. SCHNEIDER ELECTRIC SE
    • 11.2.12. SIEMENS AG
    • 11.2.13. TBEA CO LTD
    • 11.2.14. VOLTAMP TRANSFORMERS LTD
    • 11.2.15. WEG GROUP
    • 11.2.16. CROMPTON GREAVES LIMITED
    • 11.2.17. ABB LTD
    • 11.2.18. HYUNDAI HEAVY INDUSTRIES CO LTD

LIST OF TABLES

  • TABLE 1: MARKET SNAPSHOT - DRY-TYPE TRANSFORMER
  • TABLE 2: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 3: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 4: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 5: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 6: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY PHASE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 7: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY PHASE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 8: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 9: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 10: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 11: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 12: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY INDUSTRIAL, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 13: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY INDUSTRIAL, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 14: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 15: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 16: LEADING PLAYERS OPERATING IN NORTH AMERICA DRY-TYPE TRANSFORMER MARKET

LIST OF FIGURES

  • FIGURE 1: KEY INVESTMENT INSIGHTS
  • FIGURE 2: PORTER'S FIVE FORCE ANALYSIS
  • FIGURE 3: OPPORTUNITY MATRIX
  • FIGURE 4: VENDOR LANDSCAPE
  • FIGURE 5: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020
  • FIGURE 6: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY DRY-TYPE CONVERTER TRANSFORMER, 2021-2028 (IN $ MILLION)
  • FIGURE 7: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY DRY-TYPE RECTIFIER TRANSFORMER, 2021-2028 (IN $ MILLION)
  • FIGURE 8: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2020
  • FIGURE 9: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY CAST RESIN, 2021-2028 (IN $ MILLION)
  • FIGURE 10: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY VACUUM PRESSURE IMPREGNATED, 2021-2028 (IN $ MILLION)
  • FIGURE 11: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, GROWTH POTENTIAL, BY PHASE, IN 2020
  • FIGURE 12: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY SINGLE-PHASE, 2021-2028 (IN $ MILLION)
  • FIGURE 13: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY THREE-PHASE, 2021-2028 (IN $ MILLION)
  • FIGURE 14: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, GROWTH POTENTIAL, BY VOLTAGE, IN 2020
  • FIGURE 15: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY LOW-VOLTAGE, 2021-2028 (IN $ MILLION)
  • FIGURE 16: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY MEDIUM-VOLTAGE, 2021-2028 (IN $ MILLION)
  • FIGURE 17: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020
  • FIGURE 18: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY INDUSTRIAL, 2021-2028 (IN $ MILLION)
  • FIGURE 19: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY MARINE, 2021-2028 (IN $ MILLION)
  • FIGURE 20: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY CHEMICAL, 2021-2028 (IN $ MILLION)
  • FIGURE 21: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY OIL AND GAS, 2021-2028 (IN $ MILLION)
  • FIGURE 22: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY RENEWABLE ENERGY, 2021-2028 (IN $ MILLION)
  • FIGURE 23: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY RAILWAY, 2021-2028 (IN $ MILLION)
  • FIGURE 24: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)
  • FIGURE 25: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY COMMERCIAL, 2021-2028 (IN $ MILLION)
  • FIGURE 26: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)
  • FIGURE 27: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
  • FIGURE 28: UNITED STATES DRY-TYPE TRANSFORMER MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 29: CANADA DRY-TYPE TRANSFORMER MARKET, 2021-2028 (IN $ MILLION)
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