FEATURED COMPANIES
- ABB Ltd
- Eaton Corporation plc
- General Electric Company
- Hitachi Ltd
- Kirloskar Electric Co Ltd
- Schneider Electric
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.
FEATURED COMPANIES
- ABB Ltd
- Eaton Corporation plc
- General Electric Company
- Hitachi Ltd
- Kirloskar Electric Co Ltd
- Schneider Electric
1. Latin America Dry Type Transformer Market - Summary
2. Industry Outlook
3. Latin America Dry Type Transformer Market - by Type
4. Latin America Dry Type Transformer Market - by Technology
5. Latin America Dry Type Transformer Market - by Phase
6. Latin America Dry Type Transformer Market - by Voltage
7. Latin America Dry Type Transformer Market - by End-User
8. Latin America Dry Type Transformer Market – Regional Outlook
9. Competitive Landscape
10. Methodology & Scope
List of Tables
List of Figures
A selection of companies mentioned in this report includes:
- 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
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