FEATURED COMPANIES
- ABB Ltd
- Eaton Corporation plc
- General Electric Company
- Hitachi Ltd
- Kirloskar Electric Co Ltd
- Schneider Electric
- MORE
MARKET OUTLOOK
This research report insinuates that the Latin American dry type transformer market is forecasted to exhibit growth at a CAGR of 6.59% during the period 2021-2028. Mexico, Brazil, and Rest of Latin America shape the market in this region.
Mexico’s manufacturing sector is primarily driven by export activities and the automobile and electronics industry. This growth is anticipated to continue in the upcoming years as several projects are in the pipeline, owing to product diversification. Moreover, the growth of the industrial sector is likely to support the development of the studied market over the forecast period to a large extent.
Furthermore, Mexico has observed substantial growth in the renewable sector due to the energy reforms in the recent past. Numerous solar power plants and wind power plants are anticipated to be built in the next few years. Besides, the country’s plan to decarbonize its power sector is expected to enhance the demand for off-grid renewable energy sources, which are cost-effective and efficient. Hence, such factors will drive the demand for dry type transformers in the energy sector, thereby positioning the dry type transformer market on a growth path.
In Argentina, oil and natural gas account for the majority of the power demand. Here, the increase in power consumption rate and steady decline in developing new power projects have compelled the country to import power while mitigating power outages. This rise in the severe power crisis has led the government to take numerous initiatives, including promoting renewable-based power projects. Thus, the surge in renewable energy use will open new avenues for Argentina’s dry type transformer market.
COMPETITIVE OUTLOOK
Some well-known companies thriving in the dry type transformer market comprise Hanley Energy GCC, Bharat Heavy Electricals Ltd, Voltamp Transformers Ltd, Eaton Corporation Plc, Hyundai Heavy Industries Co Ltd, Fuji Electric Co Ltd, Crompton Greaves Limited, and Weg Group.
This research report insinuates that the Latin American dry type transformer market is forecasted to exhibit growth at a CAGR of 6.59% during the period 2021-2028. Mexico, Brazil, and Rest of Latin America shape the market in this region.
Mexico’s manufacturing sector is primarily driven by export activities and the automobile and electronics industry. This growth is anticipated to continue in the upcoming years as several projects are in the pipeline, owing to product diversification. Moreover, the growth of the industrial sector is likely to support the development of the studied market over the forecast period to a large extent.
Furthermore, Mexico has observed substantial growth in the renewable sector due to the energy reforms in the recent past. Numerous solar power plants and wind power plants are anticipated to be built in the next few years. Besides, the country’s plan to decarbonize its power sector is expected to enhance the demand for off-grid renewable energy sources, which are cost-effective and efficient. Hence, such factors will drive the demand for dry type transformers in the energy sector, thereby positioning the dry type transformer market on a growth path.
In Argentina, oil and natural gas account for the majority of the power demand. Here, the increase in power consumption rate and steady decline in developing new power projects have compelled the country to import power while mitigating power outages. This rise in the severe power crisis has led the government to take numerous initiatives, including promoting renewable-based power projects. Thus, the surge in renewable energy use will open new avenues for Argentina’s dry type transformer market.
COMPETITIVE OUTLOOK
Some well-known companies thriving in the dry type transformer market comprise Hanley Energy GCC, Bharat Heavy Electricals Ltd, Voltamp Transformers Ltd, Eaton Corporation Plc, Hyundai Heavy Industries Co Ltd, Fuji Electric Co Ltd, Crompton Greaves Limited, and Weg Group.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- ABB Ltd
- Eaton Corporation plc
- General Electric Company
- Hitachi Ltd
- Kirloskar Electric Co Ltd
- Schneider Electric
- MORE
1. Latin America Dry Type Transformer Market - Summary
2. Industry Outlook
2.1. Key Insights
2.1.1. Increasing Popularity of Bio-Based and Naphthenic Transformer Oil
2.1.2. Deterioration of Transformer Oil Due to Moisture Ingress
2.2. Impact of COVID-19 on Dry Type Transformer Market
2.3. Porter's Five Forces Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitute
2.3.3. Bargaining Power of Suppliers
2.3.4. Bargaining Power of Buyers
2.3.5. Threat of Competitive Rivalry
2.4. Market Attractiveness Matrix
2.5. Regulatory Policies & Framework
2.6. Vendor Scorecard
2.7. Key Market Strategies
2.7.1. Contracts & Partnerships
2.7.2. Acquisitions & Mergers
2.7.3. New Product Launches
2.8. Market Drivers
2.8.1. Surge in Domestic Demand for Power
2.8.2. Growth in Renewable Energy Use
2.8.3. Increasing Adoption of Smart Grid and Growing Smart Distribution Networks
2.9. Market Challenges
2.9.1. Adoption of Solid-State Transformers
2.9.2. Limitations of Dry Type Transformers
2.10. Market Opportunities
2.10.1. 3D Core Dry Type Transformer Applications
2.10.2. Development of Digital Dry Transformers
3. Latin America Dry Type Transformer Market - by Type
3.1. Dry Type Converter Transformer
3.2. Dry Type Rectifier Transformer
4. Latin America Dry Type Transformer Market - by Technology
4.1. Cast Resin
4.2. Vacuum Pressure Impregnated
5. Latin America Dry Type Transformer Market - by Phase
5.1. Single-Phase
5.2. Three-Phase
6. Latin America Dry Type Transformer Market - by Voltage
6.1. Low-Voltage
6.2. Medium-Voltage
7. Latin America Dry Type Transformer Market - by End-User
7.1. Industrial
7.1.1. Marine
7.1.2. Chemical
7.1.3. Oil and Gas
7.1.4. Renewable Energy Generation
7.1.5. Railway
7.1.6. Others
7.2. Commercial
7.3. Others
8. Latin America Dry Type Transformer Market – Regional Outlook
8.1. Country Analysis
8.1.1. Brazil
8.1.2. Mexico
8.1.3. Rest of Latin America
9. Competitive Landscape
9.1. Abb Ltd
9.2. Bharat Heavy Electricals Ltd
9.3. Crompton Greaves Limited
9.4. Eaton Corporation plc
9.5. Fuji Electric Co Ltd
9.6. General Electric Company
9.7. Hammond Power Solutions Inc
9.8. Hanley Energy Gcc
9.9. Hitachi Ltd
9.10. Hyosung Heavy Industries
9.11. Hyundai Heavy Industries Co Ltd
9.12. Kirloskar Electric Co Ltd
9.13. Power Sp Z O O
9.14. Schneider Electric
9.15. Siemens AG
9.16. Tbea Co Ltd
9.17. Voltamp Transformers Ltd
9.18. Weg Group
10. Methodology & Scope
10.1. Research Scope & Deliverables
10.2. Sources of Data
10.3. Research Methodology
List of Tables
Table 1: Latin America Dry Type Transformer Market, by Country Outlook, 2021-2028 (In $ Million)
Table 2: Market Attractiveness Matrix
Table 3: Vendor Scorecard
Table 4: List of Contracts & Partnerships
Table 5: List of Acquisitions & Mergers
Table 6: List of New Product Launches
Table 7: Latin America Dry Type Transformer Market, by Type, 2021-2028 (In $ Million)
Table 8: Latin America Dry Type Transformer Market, by Technology, 2021-2028 (In $ Million)
Table 9: Latin America Dry Type Transformer Market, by Phase, 2021-2028 (In $ Million)
Table 10: Latin America Dry Type Transformer Market, by Voltage, 2021-2028, (In $ Million)
Table 11: Latin America Dry Type Transformer Market, by End-User, 2021-2028 (In $ Million)
Table 12: Latin America Dry Type Transformer Market, by Industrial, 2021-2028 (In $ Million)
Table 13: Latin America Dry Type Transformer Market, by Country Outlook, 2021-2028 (In $ Million)
List of Figures
Figure 1: Porter's Five Forces Analysis
Figure 2: Latin America Dry Type Transformer Market, by Type, 2020 & 2028 (In %)
Figure 3: Latin America Dry Type Transformer Market, by Dry Type Converter Transformer, 2021-2028 (In $ Million)
Figure 4: Latin America Dry Type Transformer Market, by Dry Type Rectifier Transformer, 2021-2028 (In $ Million)
Figure 5: Latin America Dry Type Transformer Market, by Technology, 2020 & 2028 (In %)
Figure 6: Latin America Dry Type Transformer Market, by Cast Resin, 2021-2028 (In $ Million)
Figure 7: Latin America Dry Type Transformer Market, by Vacuum Pressure Impregnated, 2021-2028 (In $ Million)
Figure 8: Latin America Dry Type Transformer Market, by Phase, 2020 & 2028 (In %)
Figure 9: Latin America Dry Type Transformer Market, by Single-Phase, 2021-2028 (In $ Million)
Figure 10: Latin America Dry Type Transformer Market, by Three-Phase, 2021-2028 (In $ Million)
Figure 11: Latin America Dry Type Transformer Market, by Voltage, 2020 & 2028 (In %)
Figure 12: Latin America Dry Type Transformer Market, by Low-Voltage, 2021-2028 (In $ Million)
Figure 13: Latin America Dry Type Transformer Market, by Medium-Voltage, 2021-2028 (In $ Million)
Figure 14: Latin America Dry Type Transformer Market, by End-User, 2020 & 2028 (In %)
Figure 15: Latin America Dry Type Transformer Market, by Industrial, 2021-2028 (In $ Million)
Figure 16: Latin America Dry Type Transformer Market, by Marine, 2021-2028 (In $ Million)
Figure 17: Latin America Dry Type Transformer Market, by Chemical, 2021-2028 (In $ Million)
Figure 18: Latin America Dry Type Transformer Market, by Oil and Gas, 2021-2028 (In $ Million)
Figure 19: Latin America Dry Type Transformer Market, by Renewable Energy Generation, 2021-2028 (In $ Million)
Figure 20: Latin America Dry Type Transformer Market, by Railway, 2021-2028 (In $ Million)
Figure 21: Latin America Dry Type Transformer Market, by Others, 2021-2028 (In $ Million)
Figure 22: Latin America Dry Type Transformer Market, by Commercial, 2021-2028 (In $ Million)
Figure 23: Latin America Dry Type Transformer Market, by Others, 2021-2028 (In $ Million)
Figure 24: Latin America Dry Type Transformer Market, Regional Outlook, 2020 & 2028 (In %)
Figure 25: Brazil Dry Type Transformer Market 2021-2028 (In $ Million)
Figure 26: Mexico Dry Type Transformer Market 2021-2028 (In $ Million)
Figure 27: Rest of Latin America Dry Type Transformer Market 2021-2028 (In $ Million)
2. Industry Outlook
2.1. Key Insights
2.1.1. Increasing Popularity of Bio-Based and Naphthenic Transformer Oil
2.1.2. Deterioration of Transformer Oil Due to Moisture Ingress
2.2. Impact of COVID-19 on Dry Type Transformer Market
2.3. Porter's Five Forces Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitute
2.3.3. Bargaining Power of Suppliers
2.3.4. Bargaining Power of Buyers
2.3.5. Threat of Competitive Rivalry
2.4. Market Attractiveness Matrix
2.5. Regulatory Policies & Framework
2.6. Vendor Scorecard
2.7. Key Market Strategies
2.7.1. Contracts & Partnerships
2.7.2. Acquisitions & Mergers
2.7.3. New Product Launches
2.8. Market Drivers
2.8.1. Surge in Domestic Demand for Power
2.8.2. Growth in Renewable Energy Use
2.8.3. Increasing Adoption of Smart Grid and Growing Smart Distribution Networks
2.9. Market Challenges
2.9.1. Adoption of Solid-State Transformers
2.9.2. Limitations of Dry Type Transformers
2.10. Market Opportunities
2.10.1. 3D Core Dry Type Transformer Applications
2.10.2. Development of Digital Dry Transformers
3. Latin America Dry Type Transformer Market - by Type
3.1. Dry Type Converter Transformer
3.2. Dry Type Rectifier Transformer
4. Latin America Dry Type Transformer Market - by Technology
4.1. Cast Resin
4.2. Vacuum Pressure Impregnated
5. Latin America Dry Type Transformer Market - by Phase
5.1. Single-Phase
5.2. Three-Phase
6. Latin America Dry Type Transformer Market - by Voltage
6.1. Low-Voltage
6.2. Medium-Voltage
7. Latin America Dry Type Transformer Market - by End-User
7.1. Industrial
7.1.1. Marine
7.1.2. Chemical
7.1.3. Oil and Gas
7.1.4. Renewable Energy Generation
7.1.5. Railway
7.1.6. Others
7.2. Commercial
7.3. Others
8. Latin America Dry Type Transformer Market – Regional Outlook
8.1. Country Analysis
8.1.1. Brazil
8.1.2. Mexico
8.1.3. Rest of Latin America
9. Competitive Landscape
9.1. Abb Ltd
9.2. Bharat Heavy Electricals Ltd
9.3. Crompton Greaves Limited
9.4. Eaton Corporation plc
9.5. Fuji Electric Co Ltd
9.6. General Electric Company
9.7. Hammond Power Solutions Inc
9.8. Hanley Energy Gcc
9.9. Hitachi Ltd
9.10. Hyosung Heavy Industries
9.11. Hyundai Heavy Industries Co Ltd
9.12. Kirloskar Electric Co Ltd
9.13. Power Sp Z O O
9.14. Schneider Electric
9.15. Siemens AG
9.16. Tbea Co Ltd
9.17. Voltamp Transformers Ltd
9.18. Weg Group
10. Methodology & Scope
10.1. Research Scope & Deliverables
10.2. Sources of Data
10.3. Research Methodology
List of Tables
Table 1: Latin America Dry Type Transformer Market, by Country Outlook, 2021-2028 (In $ Million)
Table 2: Market Attractiveness Matrix
Table 3: Vendor Scorecard
Table 4: List of Contracts & Partnerships
Table 5: List of Acquisitions & Mergers
Table 6: List of New Product Launches
Table 7: Latin America Dry Type Transformer Market, by Type, 2021-2028 (In $ Million)
Table 8: Latin America Dry Type Transformer Market, by Technology, 2021-2028 (In $ Million)
Table 9: Latin America Dry Type Transformer Market, by Phase, 2021-2028 (In $ Million)
Table 10: Latin America Dry Type Transformer Market, by Voltage, 2021-2028, (In $ Million)
Table 11: Latin America Dry Type Transformer Market, by End-User, 2021-2028 (In $ Million)
Table 12: Latin America Dry Type Transformer Market, by Industrial, 2021-2028 (In $ Million)
Table 13: Latin America Dry Type Transformer Market, by Country Outlook, 2021-2028 (In $ Million)
List of Figures
Figure 1: Porter's Five Forces Analysis
Figure 2: Latin America Dry Type Transformer Market, by Type, 2020 & 2028 (In %)
Figure 3: Latin America Dry Type Transformer Market, by Dry Type Converter Transformer, 2021-2028 (In $ Million)
Figure 4: Latin America Dry Type Transformer Market, by Dry Type Rectifier Transformer, 2021-2028 (In $ Million)
Figure 5: Latin America Dry Type Transformer Market, by Technology, 2020 & 2028 (In %)
Figure 6: Latin America Dry Type Transformer Market, by Cast Resin, 2021-2028 (In $ Million)
Figure 7: Latin America Dry Type Transformer Market, by Vacuum Pressure Impregnated, 2021-2028 (In $ Million)
Figure 8: Latin America Dry Type Transformer Market, by Phase, 2020 & 2028 (In %)
Figure 9: Latin America Dry Type Transformer Market, by Single-Phase, 2021-2028 (In $ Million)
Figure 10: Latin America Dry Type Transformer Market, by Three-Phase, 2021-2028 (In $ Million)
Figure 11: Latin America Dry Type Transformer Market, by Voltage, 2020 & 2028 (In %)
Figure 12: Latin America Dry Type Transformer Market, by Low-Voltage, 2021-2028 (In $ Million)
Figure 13: Latin America Dry Type Transformer Market, by Medium-Voltage, 2021-2028 (In $ Million)
Figure 14: Latin America Dry Type Transformer Market, by End-User, 2020 & 2028 (In %)
Figure 15: Latin America Dry Type Transformer Market, by Industrial, 2021-2028 (In $ Million)
Figure 16: Latin America Dry Type Transformer Market, by Marine, 2021-2028 (In $ Million)
Figure 17: Latin America Dry Type Transformer Market, by Chemical, 2021-2028 (In $ Million)
Figure 18: Latin America Dry Type Transformer Market, by Oil and Gas, 2021-2028 (In $ Million)
Figure 19: Latin America Dry Type Transformer Market, by Renewable Energy Generation, 2021-2028 (In $ Million)
Figure 20: Latin America Dry Type Transformer Market, by Railway, 2021-2028 (In $ Million)
Figure 21: Latin America Dry Type Transformer Market, by Others, 2021-2028 (In $ Million)
Figure 22: Latin America Dry Type Transformer Market, by Commercial, 2021-2028 (In $ Million)
Figure 23: Latin America Dry Type Transformer Market, by Others, 2021-2028 (In $ Million)
Figure 24: Latin America Dry Type Transformer Market, Regional Outlook, 2020 & 2028 (In %)
Figure 25: Brazil Dry Type Transformer Market 2021-2028 (In $ Million)
Figure 26: Mexico Dry Type Transformer Market 2021-2028 (In $ Million)
Figure 27: Rest of Latin America Dry Type Transformer Market 2021-2028 (In $ Million)
Note: Product cover images may vary from those shown
- ABB Ltd
- Bharat Heavy Electricals Ltd
- Crompton Greaves Limited
- Eaton Corporation plc
- Fuji Electric Co Ltd
- General Electric Company
- Hammond Power Solutions Inc
- Hanley Energy Gcc
- Hitachi Ltd
- Hyosung Heavy Industries
- Hyundai Heavy Industries Co Ltd
- Kirloskar Electric Co Ltd
- Power Sp Z O O
- Schneider Electric
- Siemens AG
- TBEA Co Ltd
- Voltamp Transformers Ltd
- Weg Group
Note: Product cover images may vary from those shown
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