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Global Dry Type Transformer Market to reach USD XX billion by the end of 2030.

Global Dry Type Transformer Market Size study & Forecast, by Technology (Cast Resin, Vaccum Pressure Impregnated) by Voltage (Low Voltage, Medium Voltage, High Voltage), by Application (Industrial, Commercial, Utilities, Others), by Phase (Single Phase, Three Phase) and Regional Analysis, 2023-2030

Product Code: EPPGS-39854617
Publish Date: 20-12-2023
Page: 200

Global Dry Type Transformer Market is valued approximately at USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Dry-type transformer is a type of a transformer that does not use oil or other liquids to insulate its coils. Instead, it uses air or another gas, such as nitrogen, as an insulation medium. This makes dry-type transformers much safer than oil-filled transformers, as they are less likely to catch fire or explode. Dry-type transformers are also more environment friendly, as they do not release any harmful emissions. The key factors driving the market growth are rising global demand for electricity for different end uses, growing adoption of renewable and non-conventional energy sources and increase in investment for upgradation of aging power distribution and transmission infrastructure that anticipated to support the market growth.

Additionally, the rising adoption of renewable energy sources, such as wind and solar power, has a significant impact on the growth of the Dry Type Transformer Market. The Dry type transformers play a crucial role in the integration of renewable power sources into the electrical grid. Thus, the rising adoption of renewable energy sources is anticipated to support the market growth. For instance, in 2020, the global cumulative installed solar PV capacity was 7,72,200 megawatts and the adoption of solar energy increased significantly and the number reached 1,177,000 megawatts in 2022. Moreover, the growing expansion of global electrical infrastructure and increasing development and adoption of smart grids and digital dry transformers is anticipated to create the lucrative opportunity for the market during projected period. However, the higher cost of dry-type transformers than oil-filled stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Dry Type Transformer Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the growing innovations and development of clean technologies, rising renewable energy transition and infrastructure development, and growing industrialization and need to reduce emissions. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the rising urbanization and industrialization, growing manufacturing sector, and increasing transition toward renewable energy.

Major market player included in this report are:
Schneider Electric (France)
Siemens Energy (Germany)
Hitachi Ltd. (Japan)
Toshiba Corporation (Japan)
General Electric (US)
Fuji Electric Co., Ltd. (Japan)
CG Power & Industrial Solutions Ltd. (India)
Kirloskar Electric Company (India)
Hyosung Heavy Industries (South Korea)
Hammond Power Solutions (US)

Recent Developments in the Market:
Ø In April 2022, Siemens has unveiled CAREPOLE, a groundbreaking dry-type single-phase transformer designed for pole applications. This cast-resin distribution transformer is intended for integration into the distribution grid and has been specifically introduced to cater to the American market.
Global Dry Type Transformer Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Technology, Voltage, Application, Phase, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:
Cast Resin
Vaccum Pressure Impregnated
By Voltage:
Low Voltage
Medium Voltage
High Voltage
By Application:
By Phase:
Single Phase
Three Phase
By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Dry Type Transformer Market, by region, 2020-2030 (USD Billion)
1.2.2. Dry Type Transformer Market, by Technology, 2020-2030 (USD Billion)
1.2.3. Dry Type Transformer Market, by Voltage, 2020-2030 (USD Billion)
1.2.4. Dry Type Transformer Market, by Application, 2020-2030 (USD Billion)
1.2.5. Dry Type Transformer Market, by Phase, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Dry Type Transformer Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Dry Type Transformer Market Dynamics
3.1. Dry Type Transformer Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising global demand for electricity for different end uses Growing adoption of renewable and non-conventional energy sources Increase in investment for upgradation of aging power distribution and transmission infrastructure
3.1.2. Market Challenges Higher cost of dry-type transformers than oil-filled Susceptibility to moisture and insulation issues
3.1.3. Market Opportunities Growing expansion of global electrical infrastructure Increasing development and adoption of smart grids and digital dry transformers
Chapter 4. Global Dry Type Transformer Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Dry Type Transformer Market, by Technology
5.1. Market Snapshot
5.2. Global Dry Type Transformer Market by Technology, Performance – Potential Analysis
5.3. Global Dry Type Transformer Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
5.4. Dry Type Transformer Market, Sub Segment Analysis
5.4.1. Cast Resin
5.4.2. Vaccum Pressure Impregnated
Chapter 6. Global Dry Type Transformer Market, by Voltage
6.1. Market Snapshot
6.2. Global Dry Type Transformer Market by Voltage, Performance – Potential Analysis
6.3. Global Dry Type Transformer Market Estimates & Forecasts by Voltage 2020-2030 (USD Billion)
6.4. Dry Type Transformer Market, Sub Segment Analysis
6.4.1. Low Voltage
6.4.2. Medium Voltage
6.4.3. High Voltage
Chapter 7. Global Dry Type Transformer Market, by Application
7.1. Market Snapshot
7.2. Global Dry Type Transformer Market by Application, Performance – Potential Analysis
7.3. Global Dry Type Transformer Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Dry Type Transformer Market, Sub Segment Analysis
7.4.1. Industrial
7.4.2. Commercial
7.4.3. Utilities
7.4.4. Others
Chapter 8. Global Dry Type Transformer Market, by Phase
8.1. Market Snapshot
8.2. Global Dry Type Transformer Market by Phase, Performance – Potential Analysis
8.3. Global Dry Type Transformer Market Estimates & Forecasts by Phase 2020-2030 (USD Billion)
8.4. Dry Type Transformer Market, Sub Segment Analysis
8.4.1. Single Phase
8.4.2. Three Phase
Chapter 9. Global Dry Type Transformer Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Dry Type Transformer Market, Regional Market Snapshot
9.4. North America Dry Type Transformer Market
9.4.1. U.S. Dry Type Transformer Market Technology breakdown estimates & forecasts, 2020-2030 Voltage breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 Phase breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Dry Type Transformer Market
9.5. Europe Dry Type Transformer Market Snapshot
9.5.1. U.K. Dry Type Transformer Market
9.5.2. Germany Dry Type Transformer Market
9.5.3. France Dry Type Transformer Market
9.5.4. Spain Dry Type Transformer Market
9.5.5. Italy Dry Type Transformer Market
9.5.6. Rest of Europe Dry Type Transformer Market
9.6. Asia-Pacific Dry Type Transformer Market Snapshot
9.6.1. China Dry Type Transformer Market
9.6.2. India Dry Type Transformer Market
9.6.3. Japan Dry Type Transformer Market
9.6.4. Australia Dry Type Transformer Market
9.6.5. South Korea Dry Type Transformer Market
9.6.6. Rest of Asia Pacific Dry Type Transformer Market
9.7. Latin America Dry Type Transformer Market Snapshot
9.7.1. Brazil Dry Type Transformer Market
9.7.2. Mexico Dry Type Transformer Market
9.8. Middle East & Africa Dry Type Transformer Market
9.8.1. Saudi Arabia Dry Type Transformer Market
9.8.2. South Africa Dry Type Transformer Market
9.8.3. Rest of Middle East & Africa Dry Type Transformer Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Schneider Electric (France) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.3.2. Siemens Energy (Germany)
10.3.3. Hitachi Ltd. (Japan)
10.3.4. Toshiba Corporation (Japan)
10.3.5. General Electric (US)
10.3.6. Fuji Electric Co., Ltd. (Japan)
10.3.7. CG Power & Industrial Solutions Ltd. (India)
10.3.8. Kirloskar Electric Company (India)
10.3.9. Hyosung Heavy Industries (South Korea)
10.3.10. Hammond Power Solutions (US)
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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