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Dry Type Transformer Market by Type, Technology, Phase, Voltage and End Use: Opportunity Analysis and Industry Forecast, 2020-2027

  • ID: 5141662
  • Report
  • July 2020
  • Region: Global
  • 345 Pages
  • Allied Analytics LLP
UP TO OFF until May 20th 2022

The global dry type transformer market was valued at $5.4 billion in 2019, and is projected to reach $7.3 billion by 2027, growing at a CAGR of 6.1% from 2020 to 2027. Dry type transformer is a type of transformer that is designed on a comparatively modern technology that uses natural or forced air cooling instead of oil. Unlike liquid fill transformers that require oil or liquid to cool, dry type transformers use only high temperature insulation systems that are environmentally safe. It consists of no moving parts; therefore, it requires minimum maintenance, while offering reliability and long-run cycle. As these transformers are completely hazard-free, they can be easily installed in hospitals, schools, factories, chemical plants, and buildings where fire safety is a great concern. By technology, the global dry type transformer market is segmented into cast resin and vacuum impregnated (VPI) dry type transformers. In a cast resin transformer, the live part consisting of the core and windings is encapsulated inside a resin, which is in liquid form when put in the molds along with hardening agent, while in the vacuum pressure impregnated ((VPI)) transformer, the live part is impregnated under pressure by epoxy varnish in vacuum chamber. VPI offers access to the live part even after impregnation, at the same time offering excellent fire protection ratings.



The global dry type transformer market is driven by its wide applicability in the distribution of electricity. The expansion of electricity distribution network across the globe and rapid industrialization in developing countries drive market growth.

Heavy to small scale industries employ machinery that have specific voltage requirement. Some industries, such as oil & gas, mining, and marine have specialized voltage requirements, as fire safety is important in these sectors. In an effort to reduce the dependence of coal-based electricity generation, countries have agreed to increase the adoption of renewable energy generation in the total electricity produced. The percentage of renewable energy is to be increased on a yearly basis. For instance, European Member states such as Germany are required to provide a 10-year National Energy and Climate Plans (NECPs) that will be inspected every two years. Further, countries are required to publish the results in their respective national renewable energy progress reports. This leads to investments in offshore solar and wind farms that require transformers for integrating with central power grid. Such expansionist policies increase the demand for power transmission and distribution grid expansion projects. This is a major driving force for the global dry type transformer market.

Dry type transformers have some disadvantages over liquid-filled transformers. Compared with liquid transformers such as oil-immersed transformer, dry type transformer such as cast resin transformer has relatively poor heat dissipation performance, while the heat dissipation performance of the oil radiator is better. The complex construction of dry type transformer makes it costlier than oil-immersed transformer. These factors are expected to restrain the adoption of dry type transformers; thereby, hampering market growth. Furthermore, development of solid-state transformers as a replacement for conventional transformers is also likely to limit market growth during the forecast period. However, expansion and replacement of power grids with smart grids will increase the demand for digital dry type transformers during the forecast period. Digital dry type transformers can supply the user with information on its performance.

This will enable the user to analyze the data and schedule the maintenance and retirement schedule of the transformer. Informed decisions will prevent or at least reduce the downtime of the transformer; thereby, increasing productivity and profitability. In addition, the development of 3D core VPI transformer for the electric vehicle charging stations has the potential to offer fresh opportunities for the dry type transformer market.

The global dry type transformer market is segmented on the basis of type, technology, phase, voltage, end use, and region. Based on type, the market is divided into dry type converter dry type transformer and dry type rectifier dry type transformer. By technology, the market is divided into cast resin and vacuum pressure impregnated dry type transformer. On the basis of phase, the market is studied across single-phase and three-phase dry type transformer. Based on the voltage, the market is segmented into low voltage and medium voltage dry type transformer. The end uses of dry type transformer include industrial,
commercial, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Major players operating in the dry type transformer industry include Bharat Heavy Electricals Ltd., Eaton Corporation Plc, Fuji Electric Co. Ltd., General Electric Company, Hammond Power Solutions Inc., Henley Energy GCC, Hitachi Ltd., Hyosung Heavy Industries, Kirloskar Electric Co. Ltd., Power Sp. z o.o., Schneider Electric SE, Siemens AG, TBEA Co. Ltd., Voltamp Transformers Ltd., and WEG Group. The global dry type transformer market report provides in-depth competitive analysis as well as profiles of these major players.

KEY BENEFITS FOR STAKEHOLDERS


  • The report provides an in-depth analysis of the current and emerging market trends and dynamics in the global dry type transformer market.
  • It offers detailed quantitative analysis of the current market and estimations through 2019–2027, which assists in identifying the prevailing market opportunities.
  • Comprehensive analysis of all regions helps determine the prevailing and future opportunities in these regions.
  • Comprehensive analysis of factors that drive and restrict the growth of the global dry type transformer market is provided. For instance, worldwide high energy demand and need for upgrade of existing transmission infrastructure will drive the global dry type transformer demand; however, high initial cost and availability of substitutes are expected to be a major restraint for market growth.
  • Exhaustive analysis of the global dry type transformer market by type, technology, phase, voltage, and end use helps understand the ratings of dry type transformer that are currently being used along with the variants that would gain prominence in the future.

IMPACT OF COVID-19 ON THE GLOBAL DRY TYPE TRANSFORMER MARKET


  • Most of the industries have become non-operational during this pandemic event. In terms of end-use industries, the industrial sector accounts for the majority demand for dry type transformers; therefore, the COVID-19 situation has directly affected the ongoing demand for dry type transformers.
  • Renewable energy generation is the largest consumer for dry type transformer in the industrial segment, which is also affected to a great extent during the pandemic.
  • Complete or partial lockdown situation globally has led to supply chain disruption, leading to delays in project construction, having a direct impact on the commissioning of renewable electricity projects, biofuel facilities, and renewable heat investments
  • In the global solar industry, more than 40% of the supply chain is reliant on supply from China and other Southeast Asian countries
  • China is the known source of this pandemic and the country is the most affected one in terms of material supply and material transport due to the COVID-19.
  • The above factors have impacted the growth of the global dry type transformer market.

KEY MARKET SEGMENTS


  • Type
  • Dry Type Converter Transformer
  • Dry Type Converter Rectifier Transformer
  • Technology
  • Cast Resin
  • Vacuum Pressure Impregnated
  • Phase
  • Single-phase
  • Three-phase
  • Voltage
  • Low
  • Medium
  • End Use
  • Industrial
  • Commercial
  • Others

By Region


  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific- LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Players in the global dry type transformer glass


  • Bharat Heavy Electricals Ltd.
  • Eaton Corporation Plc
  • Fuji Electric Co. Ltd.
  • General Electric Company
  • Hammond Power Solutions Inc.
  • Henley Energy GCC
  • Hitachi Ltd.
  • Hyosung Heavy Industries
  • Kirloskar Electric Co. Ltd.
  • Power Sp. z o.o.
  • Schneider Electric SE
  • Siemens AG
  • TBEA Co. Ltd.
  • Voltamp Transformers Ltd.
  • WEG Group
Note: Product cover images may vary from those shown

Chapter 1. Introduction
1.1. Report Description
1.1.1. Key Benefits for Stakeholders
1.2. Key Market Segments
1.3. Research Methodology
1.3.1. Primary Research
1.3.2. Secondary Research
1.3.3. Analyst Tools and Models
Chapter 2. Executive Summary
2.1. Key Findings of the Study
2.2. CXO Perspective
Chapter 3. Market Landscape
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Porter's Five Forces Analysis
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.1. Increase in Demand for Electricity Throughout the World for Different End Uses
3.3.1.2. Rise in Adoption of Renewable and Non-Conventional Energy Sources
3.3.2. Restraint
3.3.2.1. Development of Solid-State Transformers (Ssts)
3.3.3. Opportunities
3.3.3.1. Development and Adoption of Smart Grids and Digital Dry Transformers
3.3.3.2. Application of 3D Core Vacuum Pressure Impregnated (Vpi) Dry Type Transformer
3.4. Value Chain Analysis
3.5. Impact of Key Regulation
3.6. Parent-Peer Market Overview
3.7. Impact of Covid-19 on the Global Dry Type Transformer Market
3.8. Patent Analysis, 2015-2019
3.9. Supplier Analysis
Chapter 4. Dry Type Transformer Market, by Type
4.1. Overview
4.1.1. Market Size and Forecast
4.2. Dry Type Converter Transformer
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.3. Dry Type Rectifier Transformer
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
Chapter 5. Dry Type Transformer Market, by Technology
5.1. Overview
5.1.1. Market Size and Forecast
5.2. Cast Resin
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.3. Vacuum Pressure Impregnated
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
Chapter 6. Dry Type Transformer Market, by Phase
6.1. Overview
6.1.1. Market Size and Forecast
6.2. Single-Phase
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Region
6.3. Three-Phase
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Region
Chapter 7. Dry Type Transformer Market, by Voltage
7.1. Overview
7.1.1. Market Size and Forecast
7.2. Low-Voltage
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Region
7.3. Medium-Voltage
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Region
Chapter 8. Dry Type Transformer Market, by End Use
8.1. Overview
8.1.1. Market Size and Forecast
8.2. Industrial
8.2.1. Key Market Trends, Growth Factors, and Opportunities
8.2.2. Market Size and Forecast, by Region
8.2.2.1. Marine
8.2.2.2. Chemical
8.2.2.3. Oil & Gas Industry
8.2.2.4. Renewable Energy Generation
8.2.2.5. Railway
8.2.2.6. Others
8.2.2.7. Market Size and Forecast, by Industrial End-Use
8.3. Commercial
8.3.1. Key Market Trends, Growth Factors, and Opportunities
8.3.2. Market Size and Forecast, by Region
8.4. Others
8.4.1. Key Market Trends, Growth Factors, and Opportunities
8.4.2. Market Size and Forecast, by Region
Chapter 9. Dry Type Transformer Market, by Region
9.1. Overview
9.1.1. Market Size and Forecast
9.2. North America
9.2.1. Key Market Trends, Growth Factors, and Opportunities
9.2.2. Market Size and Forecast, by Type
9.2.3. Market Size and Forecast, by Technology
9.2.4. Market Size and Forecast, by Phase
9.2.5. Market Size and Forecast, by Voltage
9.2.6. Market Size and Forecast, by End Use
9.2.7. Market Share Analysis, by Country
9.2.8. U.S.
9.2.8.1. Market Size and Forecast, by Type
9.2.8.2. Market Size and Forecast, by Technology
9.2.8.3. Market Size and Forecast, by Phase
9.2.8.4. Market Size and Forecast, by Voltage
9.2.8.5. Market Size and Forecast, by End Use
9.2.9. Canada
9.2.9.1. Market Size and Forecast, by Type
9.2.9.2. Market Size and Forecast, by Technology
9.2.9.3. Market Size and Forecast, by Phase
9.2.9.4. Market Size and Forecast, by Voltage
9.2.9.5. Market Size and Forecast, by End Use
9.2.10. Mexico
9.2.10.1. Market Size and Forecast, by Type
9.2.10.2. Market Size and Forecast, by Technology
9.2.10.3. Market Size and Forecast, by Phase
9.2.10.4. Market Size and Forecast, by Voltage
9.2.10.5. Market Size and Forecast, by End Use
9.3. Europe
9.3.1. Key Market Trends, Growth Factors, and Opportunities
9.3.2. Market Size and Forecast, by Type
9.3.3. Market Size and Forecast, by Technology
9.3.4. Market Size and Forecast, by Phase
9.3.5. Market Size and Forecast, by Voltage
9.3.6. Market Size and Forecast, by End Use
9.3.7. Market Share Analysis, by Country
9.3.8. Germany
9.3.8.1. Market Size and Forecast, by Type
9.3.8.2. Market Size and Forecast, by Technology
9.3.8.3. Market Size and Forecast, by Phase
9.3.8.4. Market Size and Forecast, by Voltage
9.3.8.5. Market Size and Forecast, by End Use
9.3.9. France
9.3.9.1. Market Size and Forecast, by Type
9.3.9.2. Market Size and Forecast, by Technology
9.3.9.3. Market Size and Forecast, by Phase
9.3.9.4. Market Size and Forecast, by Voltage
9.3.9.5. Market Size and Forecast, by End Use
9.3.10. Italy
9.3.10.1. Market Size and Forecast, by Type
9.3.10.2. Market Size and Forecast, by Technology
9.3.10.3. Market Size and Forecast, by Phase
9.3.10.4. Market Size and Forecast, by Voltage
9.3.10.5. Market Size and Forecast, by End Use
9.3.11. Spain
9.3.11.1. Market Size and Forecast, by Type
9.3.11.2. Market Size and Forecast, by Technology
9.3.11.3. Market Size and Forecast, by Phase
9.3.11.4. Market Size and Forecast, by Voltage
9.3.11.5. Market Size and Forecast, by End Use
9.3.12. UK
9.3.12.1. Market Size and Forecast, by Type
9.3.12.2. Market Size and Forecast, by Technology
9.3.12.3. Market Size and Forecast, by Phase
9.3.12.4. Market Size and Forecast, by Voltage
9.3.12.5. Market Size and Forecast, by End Use
9.3.13. Rest of Europe
9.3.13.1. Market Size and Forecast, by Type
9.3.13.2. Market Size and Forecast, by Technology
9.3.13.3. Market Size and Forecast, by Phase
9.3.13.4. Market Size and Forecast, by Voltage
9.3.13.5. Market Size and Forecast, by End Use
9.4. Asia-Pacific
9.4.1. Key Market Trends, Growth Factors, and Opportunities
9.4.2. Market Size and Forecast, by Type
9.4.3. Market Size and Forecast, by Technology
9.4.4. Market Size and Forecast, by Phase
9.4.5. Market Size and Forecast, by Voltage
9.4.6. Market Size and Forecast, by End Use
9.4.7. Market Share Analysis, by Country
9.4.8. China
9.4.8.1. Market Size and Forecast, by Type
9.4.8.2. Market Size and Forecast, by Technology
9.4.8.3. Market Size and Forecast, by Phase
9.4.8.4. Market Size and Forecast, by Voltage
9.4.8.5. Market Size and Forecast, by End Use
9.4.9. Japan
9.4.9.1. Market Size and Forecast, by Type
9.4.9.2. Market Size and Forecast, by Technology
9.4.9.3. Market Size and Forecast, by Phase
9.4.9.4. Market Size and Forecast, by Voltage
9.4.9.5. Market Size and Forecast, by End Use
9.4.10. India
9.4.10.1. Market Size and Forecast, by Type
9.4.10.2. Market Size and Forecast, by Technology
9.4.10.3. Market Size and Forecast, by Phase
9.4.10.4. Market Size and Forecast, by Voltage
9.4.10.5. Market Size and Forecast, by End Use
9.4.11. Australia
9.4.11.1. Market Size and Forecast, by Type
9.4.11.2. Market Size and Forecast, by Technology
9.4.11.3. Market Size and Forecast, by Phase
9.4.11.4. Market Size and Forecast, by Voltage
9.4.11.5. Market Size and Forecast, by End Use
9.4.12. South Korea
9.4.12.1. Market Size and Forecast, by Type
9.4.12.2. Market Size and Forecast, by Technology
9.4.12.3. Market Size and Forecast, by Phase
9.4.12.4. Market Size and Forecast, by Voltage
9.4.12.5. Market Size and Forecast, by End Use
9.4.13. Rest of Asia-Pacific
9.4.13.1. Market Size and Forecast, by Type
9.4.13.2. Market Size and Forecast, by Technology
9.4.13.3. Market Size and Forecast, by Phase
9.4.13.4. Market Size and Forecast, by Voltage
9.4.13.5. Market Size and Forecast, by End Use
9.5. Lamea
9.5.1. Key Market Trends, Growth Factors, and Opportunities
9.5.2. Market Size and Forecast, by Type
9.5.3. Market Size and Forecast, by Technology
9.5.4. Market Size and Forecast, by Phase
9.5.5. Market Size and Forecast, by Voltage
9.5.6. Market Size and Forecast, by End Use
9.5.7. Market Share Analysis, by Country
9.5.8. Brazil
9.5.8.1. Market Size and Forecast, by Type
9.5.8.2. Market Size and Forecast, by Technology
Market Size and Forecast, by Phase
9.5.8.3. Market Size and Forecast, by Voltage
9.5.8.4. Market Size and Forecast, by End Use
9.5.9. Saudi Arabia
9.5.9.1. Market Size and Forecast, by Type
9.5.9.2. Market Size and Forecast, by Technology
9.5.9.3. Market Size and Forecast, by Phase
9.5.9.4. Market Size and Forecast, by Voltage
9.5.9.5. Market Size and Forecast, by End Use
9.5.10. South Africa
9.5.10.1. Market Size and Forecast, by Type
9.5.10.2. Market Size and Forecast, by Technology
9.5.10.3. Market Size and Forecast, by Phase
9.5.10.4. Market Size and Forecast, by Voltage
9.5.10.5. Market Size and Forecast, by End Use
9.5.11. Rest of LAMEA
9.5.11.1. Market Size and Forecast, by Type
9.5.11.2. Market Size and Forecast, by Technology
9.5.11.3. Market Size and Forecast, by Phase
9.5.11.4. Market Size and Forecast, by Voltage
9.5.11.5. Market Size and Forecast, by End Use
Chapter 10. Competitive Landscape
10.1. Introduction
10.1.1. Market Player Positioning, 2019
10.2. Top Winning Strategies
10.3. Product Mapping of Top 10 Player
10.4. Competitive Heatmap
10.5. Key Developments
10.5.1. Key Acquisition and Product Launch
Chapter 11. Company Profiles
11.1. Bharat Heavy Electricals Ltd.
11.1.1. Company Overview
11.1.2. Company Snapshot
11.1.3. Operating Business Segments
11.1.4. Product Portfolio
11.1.5. Business Performance
11.2. Eaton Corporation plc
11.2.1. Company Overview
11.2.2. Company Snapshot
11.2.3. Operating Business Segments
11.2.4. Product Portfolio
11.2.5. Business Performance
11.2.6. Key Strategic Moves and Developments
11.3. Fuji Electric Co. Ltd.
11.3.1. Company Overview
11.3.2. Company Snapshot
11.3.3. Operating Business Segments
11.3.4. Product Portfolio
11.3.5. Business Performance
11.4. General Electric Company
11.4.1. Company Overview
11.4.2. Company Snapshot
11.4.3. Operating Business Segments
11.4.4. Product Portfolio
11.4.5. Business Performance
11.5. Hammond Power Solutions Inc.
11.5.1. Company Overview
11.5.2. Company Snapshot
11.5.3. Product Portfolio
11.5.4. Business Performance
11.6. Hanley Energy Gcc
11.6.1. Company Overview
11.6.2. Company Snapshot
11.6.3. Product Portfolio
11.7. Hitachi Ltd.
11.7.1. Company Overview
11.7.2. Company Snapshot
11.7.3. Operating Business Segments
11.7.4. Product Portfolio
11.7.5. Business Performance
11.7.6. Key Strategic Moves and Developments
11.8. Hyosung Heavy Industries
11.8.1. Company Overview
11.8.2. Company Snapshot
11.8.3. Product Portfolio
11.8.4. Business Performance
11.9. Kirloskar Electric Co. Ltd.
11.9.1. Company Overview
11.9.2. Company Snapshot
11.9.3. Product Portfolio
11.10. Power Sp. Z O. O.
11.10.1. Company Overview
11.10.2. Company Snapshot
11.10.3. Product Portfolio
11.11. Schneider Electric Se
11.11.1. Company Overview
11.11.2. Company Snapshot
11.11.3. Operating Business Segments
11.11.4. Product Portfolio
11.11.5. Business Performance
11.12. Siemens AG
11.12.1. Company Overview
11.12.2. Company Snapshot
11.12.3. Operating Business Segments
11.12.4. Product Portfolio
11.12.5. Business Performance
11.13. Tbea Co. Ltd.
11.13.1. Company Overview
11.13.2. Company Snapshot
11.13.3. Product Portfolio
11.14. Voltamp Transformers Ltd.
11.14.1. Company Overview
11.14.2. Company Snapshot
11.14.3. Product Portfolio
11.14.4. Business Performance
11.15. Weg Group
11.15.1. Company Overview
11.15.2. Company Snapshot
11.15.3. Operating Business Segments
11.15.4. Product Portfolio
11.15.5. Business Performance
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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