Dry Type Transformers Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Dry Type Transformers Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Dry Type Transformer Market

In 2022, the global Dry Type Transformer market reached a value of USD 5.91 billion. It is projected to increase from USD 6.25 billion in 2023 to USD 9.37 billion by 2030, with a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2023 to 2030.

Shortage of fabric led in facility closures along with International supply disruptions. Furthermore, the transportation and production of dry transformers ran behind schedule owing to the continuous disruptions. This brought about manufacturing slowdowns and ability backlogs as manufacturers struggled to fulfill call for amidst the disruptions and ended in a marketplace decline.

Growing demand for environmentally friendly transformers, driven by stringent regulations and standards, propels market growth. Transformers with solid insulation and no oil usage meet regulatory requirements, making them favored choices in various regions.

The dry type transformer market growth is driven by the rising adoption of renewable energy sources like wind and solar power. These sources often require transformers for voltage stepping in electricity distribution. Dry kind transformers are favored for environmental friendliness, and protection, making them best for renewable power projects.

Comprehensive Analysis of Dry Type Transformer Market

Segmentation in the dry type transformer market share is driving market because it allows companies to target specific customer groups with tailored services and solutions. Dry type transformers are classified by technology into cast resin and vacuum pressure impregnated types. They are further categorized by phase as single-phase or three-phase. Based on rating, they are divided into less than 5 MV, 5 MVA to 30 MVA, and more than 30 MVA. Transformers are also distinguished by installation, either outdoor or indoor. Additionally, they are classified by application, including industries, inner-city substations, indoor and underground substations, renewable generation, and other specific uses.

Asia Pacific leads the market due to surging electricity demand and the replacement of conventional grid lines. Moreover, substantial investments in electrical infrastructure bolster market growth in the region.

Key players in the market drive innovation and set industry standards through their advanced technologies and extensive market presence. Their strategic partnerships and investments play a crucial role in shaping the competitive landscape and driving market growth. The key companies profiled in the market include Schneider Electric (France), Siemens (Germany), Eaton (Ireland), GE (U.S.), Hammond Power Solution (Canada), Crompton Greaves Consumer Electricals Limited (India), Hyosung Heavy Industries (South Korea), Kirloskar Electric Co. Ltd. (India), Voltamp Transformer Limited (India), ABB (Switzerland), Bharat Heavy Electricals Limited (India), Fuji Electric Co., Ltd. (Japan), Hanley Energy (Ireland), Tbea Co. Ltd. (China), Virginia Transformer Corp. (U.S.), and KOTSONS (India). These companies represent a diverse range of global players contributing to the competitive landscape of the transformer market.

In May 2023, Huntsman collaborated with TBEA Group to develop an Outdoor Dry Type Transformer (DDT), boasting the world's largest capacity and highest voltage. Successfully passing final tests, it commenced operation by April's end.

Segmentation Table

Global Fleet Management Market Scope

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 19% from 2023 to 2030

Unit Value (USD billion)

Segmentation By Type, Fleet Type, Deployment, Industry, and Geography

By Type Operations Management

- Fleet Tracking and Geo-fencing

- Routing and Scheduling

Vehicle Maintenance and Diagnostics

Performance Management

- Driver Management

- Fuel Management

Fleet Analytics & Reporting

Others

By Fleet Type Commercial

Passenger Cars

By Deployment On-premises

Cloud

By Industry Manufacturing

Logistics

Transportation

Oil & Gas

Chemical

Others

By Region North America (By Type, By Fleet Type, By Deployment, By Industry, and By Country)

- U.S.

- Canada

- Mexico

Europe (By Type, By Fleet Type, By Deployment, By Industry, and By Country)

- U.K.

- Germany

- France

- Italy

- Spain

- Russia

- Benelux

- Nordics

- Rest of Europe

Asia Pacific (By Type, By Fleet Type, By Deployment, By Industry, and By Country)

- China

- Japan

- India

- South Korea

- ASEAN

- Oceania

- Rest of Asia Pacific

Middle East & Africa (By Type, By Fleet Type, By Deployment, By Industry, and By Country)

- Turkey

- Israel

- GCC

- North Africa

- South Africa

- Rest of Middle East & Africa

South America (By Type, By Fleet Type, By Deployment, By Industry, and By Country)

- Brazil

- Argentina

- Rest of South America


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1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions & Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Insight on Regulatory Landscape
4.4. Porters Five Forces Analysis
4.5. Impact of COVID-19 on the Dry Type Transformer Market
5. Global Dry Type Transformer Market (USD Billion) Analysis, Insights, and Forecast, 2019-2030
5.1. Key Findings
5.2. Market Analysis, Insights, and Forecast – By Application
5.2.1. Industries
5.2.2. Inner-City Substations
5.2.3. Indoor and Underground Substations
5.2.4. Renewable Generation
5.2.5. Others
5.3. Market Analysis, Insights, and Forecast – By Technology
5.3.1. Cast Resin
5.3.2. Vacuum Pressure Impregnated
5.4. Market Analysis, Insights, and Forecast – By Phase
5.4.1. Single Phase
5.4.2. Three Phase
5.5. Market Analysis, Insights, and Forecast – By Installation
5.5.1. Outdoor
5.5.2. Indoor
5.6. Market Analysis, Insights, and Forecast – By Rating
5.6.1. Less than 5 MVA
5.6.2. 5 MVA to 30 MVA
5.6.3. Above 30 MVA
5.7. Market Analysis, Insights, and Forecast – By Region
5.7.1. North America
5.7.2. Europe
5.7.3. Asia Pacific
5.7.4. Latin America
5.7.5. Middle East & Africa
6. North America Dry Type Transformer Market (USD Billion) Analysis, Insights, and Forecast, 2019-2030
6.1. Key Findings
6.2. Market Analysis, Insights, and Forecast – By Application
6.2.1. Industries
6.2.2. Inner-City Substations
6.2.3. Indoor and Underground Substations
6.2.4. Renewable Generation
6.2.5. Others
6.3. Market Analysis, Insights, and Forecast – By Technology
6.3.1. Cast Resin
6.3.2. Vacuum Pressure Impregnated
6.4. Market Analysis, Insights, and Forecast – By Phase
6.4.1. Single Phase
6.4.2. Three Phase
6.5. Market Analysis, Insights, and Forecast – By Installation
6.5.1. Outdoor
6.5.2. Indoor
6.6. Market Analysis, Insights, and Forecast – By Rating
6.6.1. Less than 5 MVA
6.6.2. 5 MVA to 30 MVA
6.6.3. Above 30 MVA
6.7. Market Analysis, Insights, and Forecast – By Country
6.7.1. U.S. Market Analysis, Insights, and Forecast – By Application
6.7.1.1. Industries
6.7.1.2. Inner-City Substations
6.7.1.3. Indoor and Underground Substations
6.7.1.4. Renewable Generation
6.7.1.5. Others
6.7.2. Canada Market Analysis, Insights, and Forecast – By Application
6.7.2.1. Industries
6.7.2.2. Inner-City Substations
6.7.2.3. Indoor and Underground Substations
6.7.2.4. Renewable Generation
6.7.2.5. Others
7. Europe Dry Type Transformer Market (USD Billion) Analysis, Insights, and Forecast, 2019-2030
7.1. Key Findings
7.2. Market Analysis, Insights, and Forecast – By Application
7.2.1. Industries
7.2.2. Inner-City Substations
7.2.3. Indoor and Underground Substations
7.2.4. Renewable Generation
7.2.5. Others
7.3. Market Analysis, Insights, and Forecast – By Technology
7.3.1. Cast Resin
7.3.2. Vacuum Pressure Impregnated
7.4. Market Analysis, Insights, and Forecast – By Phase
7.4.1. Single Phase
7.4.2. Three Phase
7.5. Market Analysis, Insights, and Forecast – By Installation
7.5.1. Outdoor
7.5.2. Indoor
7.6. Market Analysis, Insights, and Forecast – By Rating
7.6.1. Less than 5 MVA
7.6.2. 5 MVA to 30 MVA
7.6.3. Above 30 MVA
7.7. Market Analysis, Insights, and Forecast – By Country
7.7.1. France Market Analysis, Insights, and Forecast – By Application
7.7.1.1. Industries
7.7.1.2. Inner-City Substations
7.7.1.3. Indoor and Underground Substations
7.7.1.4. Renewable Generation
7.7.1.5. Others
7.7.2. Germany Market Analysis, Insights, and Forecast – By Application
7.7.2.1. Industries
7.7.2.2. Inner-City Substations
7.7.2.3. Indoor and Underground Substations
7.7.2.4. Renewable Generation
7.7.2.5. Others
7.7.3. Russia Market Analysis, Insights, and Forecast – By Application
7.7.3.1. Industries
7.7.3.2. Inner-City Substations
7.7.3.3. Indoor and Underground Substations
7.7.3.4. Renewable Generation
7.7.3.5. Others
7.7.4. UK Market Analysis, Insights, and Forecast – By Application
7.7.4.1. Industries
7.7.4.2. Inner-City Substations
7.7.4.3. Indoor and Underground Substations
7.7.4.4. Renewable Generation
7.7.4.5. Others
7.7.5. Italy Market Analysis, Insights, and Forecast – By Application
7.7.5.1. Industries
7.7.5.2. Inner-City Substations
7.7.5.3. Indoor and Underground Substations
7.7.5.4. Renewable Generation
7.7.5.5. Others
7.7.6. Spain Market Analysis, Insights, and Forecast – By Application
7.7.6.1. Industries
7.7.6.2. Inner-City Substations
7.7.6.3. Indoor and Underground Substations
7.7.6.4. Renewable Generation
7.7.6.5. Others
7.7.7. Poland Market Analysis, Insights, and Forecast – By Application
7.7.7.1. Industries
7.7.7.2. Inner-City Substations
7.7.7.3. Indoor and Underground Substations
7.7.7.4. Renewable Generation
7.7.7.5. Others
7.7.8. Sweden Market Analysis, Insights, and Forecast – By Application
7.7.8.1. Industries
7.7.8.2. Inner-City Substations
7.7.8.3. Indoor and Underground Substations
7.7.8.4. Renewable Generation
7.7.8.5. Others
7.7.9. Norway Market Analysis, Insights, and Forecast – By Application
7.7.9.1. Industries
7.7.9.2. Inner-City Substations
7.7.9.3. Indoor and Underground Substations
7.7.9.4. Renewable Generation
7.7.9.5. Others
7.7.10. Hungry Market Analysis, Insights, and Forecast – By Application
7.7.10.1. Industries
7.7.10.2. Inner-City Substations
7.7.10.3. Indoor and Underground Substations
7.7.10.4. Renewable Generation
7.7.10.5. Others
7.7.11. Finland Market Analysis, Insights, and Forecast – By Application
7.7.11.1. Industries
7.7.11.2. Inner-City Substations
7.7.11.3. Indoor and Underground Substations
7.7.11.4. Renewable Generation
7.7.11.5. Others
7.7.12. Czech Republic Market Analysis, Insights, and Forecast – By Application
7.7.12.1. Industries
7.7.12.2. Inner-City Substations
7.7.12.3. Indoor and Underground Substations
7.7.12.4. Renewable Generation
7.7.12.5. Others
7.7.13. Slovakia Market Analysis, Insights, and Forecast – By Application
7.7.13.1. Industries
7.7.13.2. Inner-City Substations
7.7.13.3. Indoor and Underground Substations
7.7.13.4. Renewable Generation
7.7.13.5. Others
7.7.14. Estonia Market Analysis, Insights, and Forecast – By Application
7.7.14.1. Industries
7.7.14.2. Inner-City Substations
7.7.14.3. Indoor and Underground Substations
7.7.14.4. Renewable Generation
7.7.14.5. Others
7.7.15. Rest of Europe Market Analysis, Insights, and Forecast – By Application
7.7.15.1. Industries
7.7.15.2. Inner-City Substations
7.7.15.3. Indoor and Underground Substations
7.7.15.4. Renewable Generation
7.7.15.5. Others
8. Asia Pacific Dry Type Transformer Market (USD Billion) Analysis, Insights, and Forecast, 2019-2030
8.1. Key Findings
8.2. Market Analysis, Insights, and Forecast – By Application
8.2.1. Industries
8.2.2. Inner-City Substations
8.2.3. Indoor and Underground Substations
8.2.4. Renewable Generation
8.2.5. Others
8.3. Market Analysis, Insights, and Forecast – By Technology
8.3.1. Cast Resin
8.3.2. Vacuum Pressure Impregnated
8.4. Market Analysis, Insights, and Forecast – By Phase
8.4.1. Single Phase
8.4.2. Three Phase
8.5. Market Analysis, Insights, and Forecast – By Installation
8.5.1. Outdoor
8.5.2. Indoor
8.6. Market Analysis, Insights, and Forecast – By Rating
8.6.1. Less than 5 MVA
8.6.2. 5 MVA to 30 MVA
8.6.3. Above 30 MVA
8.7. Market Analysis, Insights, and Forecast – By Country
8.7.1. China Market Analysis, Insights, and Forecast – By Application
8.7.1.1. Industries
8.7.1.2. Inner-City Substations
8.7.1.3. Indoor and Underground Substations
8.7.1.4. Renewable Generation
8.7.1.5. Others
8.7.2. India Market Analysis, Insights, and Forecast – By Application
8.7.2.1. Industries
8.7.2.2. Inner-City Substations
8.7.2.3. Indoor and Underground Substations
8.7.2.4. Renewable Generation
8.7.2.5. Others
8.7.3. Japan Market Analysis, Insights, and Forecast – By Application
8.7.3.1. Industries
8.7.3.2. Inner-City Substations
8.7.3.3. Indoor and Underground Substations
8.7.3.4. Renewable Generation
8.7.3.5. Others
8.7.4. Australia Market Analysis, Insights, and Forecast – By Application
8.7.4.1. Industries
8.7.4.2. Inner-City Substations
8.7.4.3. Indoor and Underground Substations
8.7.4.4. Renewable Generation
8.7.4.5. Others
8.7.5. South Korea Market Analysis, Insights, and Forecast – By Application
8.7.5.1. Industries
8.7.5.2. Inner-City Substations
8.7.5.3. Indoor and Underground Substations
8.7.5.4. Renewable Generation
8.7.5.5. Others
8.7.6. Malaysia Market Analysis, Insights, and Forecast – By Application
8.7.6.1. Industries
8.7.6.2. Inner-City Substations
8.7.6.3. Indoor and Underground Substations
8.7.6.4. Renewable Generation
8.7.6.5. Others
8.7.7. Indonesia Market Analysis, Insights, and Forecast – By Application
8.7.7.1. Industries
8.7.7.2. Inner-City Substations
8.7.7.3. Indoor and Underground Substations
8.7.7.4. Renewable Generation
8.7.7.5. Others
8.7.8. Thailand Market Analysis, Insights, and Forecast – By Application
8.7.8.1. Industries
8.7.8.2. Inner-City Substations
8.7.8.3. Indoor and Underground Substations
8.7.8.4. Renewable Generation
8.7.8.5. Others
8.7.9. Singapore Market Analysis, Insights, and Forecast – By Application
8.7.9.1. Industries
8.7.9.2. Inner-City Substations
8.7.9.3. Indoor and Underground Substations
8.7.9.4. Renewable Generation
8.7.9.5. Others
8.7.10. Bangladesh Market Analysis, Insights, and Forecast – By Application
8.7.10.1. Industries
8.7.10.2. Inner-City Substations
8.7.10.3. Indoor and Underground Substations
8.7.10.4. Renewable Generation
8.7.10.5. Others
8.7.11. Vietnam Market Analysis, Insights, and Forecast – By Application
8.7.11.1. Industries
8.7.11.2. Inner-City Substations
8.7.11.3. Indoor and Underground Substations
8.7.11.4. Renewable Generation
8.7.11.5. Others
8.7.12. New Zealand Market Analysis, Insights, and Forecast – By Application
8.7.12.1. Industries
8.7.12.2. Inner-City Substations
8.7.12.3. Indoor and Underground Substations
8.7.12.4. Renewable Generation
8.7.12.5. Others
8.7.13. Brunei Market Analysis, Insights, and Forecast – By Application
8.7.13.1. Industries
8.7.13.2. Inner-City Substations
8.7.13.3. Indoor and Underground Substations
8.7.13.4. Renewable Generation
8.7.13.5. Others
8.7.14. Rest of Asia Pacific Market Analysis, Insights, and Forecast – By Application
8.7.14.1. Industries
8.7.14.2. Inner-City Substations
8.7.14.3. Indoor and Underground Substations
8.7.14.4. Renewable Generation
8.7.14.5. Others
9. Latin America Dry Type Transformer Market (USD Billion) Analysis, Insights, and Forecast, 2019-2030
9.1. Key Findings
9.2. Market Analysis, Insights, and Forecast – By Application
9.2.1. Industries
9.2.2. Inner-City Substations
9.2.3. Indoor and Underground Substations
9.2.4. Renewable Generation
9.2.5. Others
9.3. Market Analysis, Insights, and Forecast – By Technology
9.3.1. Cast Resin
9.3.2. Vacuum Pressure Impregnated
9.4. Market Analysis, Insights, and Forecast – By Phase
9.4.1. Single Phase
9.4.2. Three Phase
9.5. Market Analysis, Insights, and Forecast – By Installation
9.5.1. Outdoor
9.5.2. Indoor
9.6. Market Analysis, Insights, and Forecast – By Rating
9.6.1. Less than 5 MVA
9.6.2. 5 MVA to 30 MVA
9.6.3. Above 30 MVA
9.7. Market Analysis, Insights, and Forecast – By Country
9.7.1. Chile Market Analysis, Insights, and Forecast – By Application
9.7.1.1. Industries
9.7.1.2. Inner-City Substations
9.7.1.3. Indoor and Underground Substations
9.7.1.4. Renewable Generation
9.7.1.5. Others
9.7.2. Mexico Market Analysis, Insights, and Forecast – By Application
9.7.2.1. Industries
9.7.2.2. Inner-City Substations
9.7.2.3. Indoor and Underground Substations
9.7.2.4. Renewable Generation
9.7.2.5. Others
9.7.3. Peru Market Analysis, Insights, and Forecast – By Application
9.7.3.1. Industries
9.7.3.2. Inner-City Substations
9.7.3.3. Indoor and Underground Substations
9.7.3.4. Renewable Generation
9.7.3.5. Others
9.7.4. Costa Rica Market Analysis, Insights, and Forecast – By Application
9.7.4.1. Industries
9.7.4.2. Inner-City Substations
9.7.4.3. Indoor and Underground Substations
9.7.4.4. Renewable Generation
9.7.4.5. Others
9.7.5. Guatemala Market Analysis, Insights, and Forecast – By Application
9.7.5.1. Industries
9.7.5.2. Inner-City Substations
9.7.5.3. Indoor and Underground Substations
9.7.5.4. Renewable Generation
9.7.5.5. Others
9.7.6. Rest of Latin America Market Analysis, Insights, and Forecast – By Application
9.7.6.1. Industries
9.7.6.2. Inner-City Substations
9.7.6.3. Indoor and Underground Substations
9.7.6.4. Renewable Generation
9.7.6.5. Others
10. Middle East and Africa Dry Type Transformer Market (USD Billion) Analysis, Insights, and Forecast, 2019-2030
10.1. Key Findings
10.2. Market Analysis, Insights, and Forecast – By Application
10.2.1. Industries
10.2.2. Inner-City Substations
10.2.3. Indoor and Underground Substations
10.2.4. Renewable Generation
10.2.5. Others
10.3. Market Analysis, Insights, and Forecast – By Technology
10.3.1. Cast Resin
10.3.2. Vacuum Pressure Impregnated
10.4. Market Analysis, Insights, and Forecast – By Phase
10.4.1. Single Phase
10.4.2. Three Phase
10.5. Market Analysis, Insights, and Forecast – By Installation
10.5.1. Outdoor
10.5.2. Indoor
10.6. Market Analysis, Insights, and Forecast – By Rating
10.6.1. Less than 5 MVA
10.6.2. 5 MVA to 30 MVA
10.6.3. Above 30 MVA
10.7. Market Analysis, Insights, and Forecast – By Country
10.7.1. GCC Market Analysis, Insights, and Forecast – By Application
10.7.1.1. Industries
10.7.1.2. Inner-City Substations
10.7.1.3. Indoor and Underground Substations
10.7.1.4. Renewable Generation
10.7.1.5. Others
10.7.2. South Africa Market Analysis, Insights, and Forecast – By Application
10.7.2.1. Industries
10.7.2.2. Inner-City Substations
10.7.2.3. Indoor and Underground Substations
10.7.2.4. Renewable Generation
10.7.2.5. Others
10.7.3. Rest of Middle East & Africa Market Analysis, Insights, and Forecast – By Application
10.7.3.1. Industries
10.7.3.2. Inner-City Substations
10.7.3.3. Indoor and Underground Substations
10.7.3.4. Renewable Generation
10.7.3.5. Others
11. Competitive Analysis
11.1. Company Market Share Analysis, 2022
11.2. Company Profile
11.2.1. Hammond Power Solution
11.2.1.1. Business Overview
11.2.1.2. Product and Service Offerings
11.2.1.3. Recent Developments
11.2.1.4. Financials (Based on Availability)
11.2.2. Schneider Electric
11.2.2.1. Business Overview
11.2.2.2. Product and Service Offerings
11.2.2.3. Recent Developments
11.2.2.4. Financials (Based on Availability)
11.2.3. Siemens
11.2.3.1. Business Overview
11.2.3.2. Product and Service Offerings
11.2.3.3. Recent Developments
11.2.3.4. Financials (Based on Availability)
11.2.4. Eaton
11.2.4.1. Business Overview
11.2.4.2. Product and Service Offerings
11.2.4.3. Recent Developments
11.2.4.4. Financials (Based on Availability)
11.2.5. Crompton Greaves Consumer Electricals Limited
11.2.5.1. Business Overview
11.2.5.2. Product and Service Offerings
11.2.5.3. Recent Developments
11.2.5.4. Financials (Based on Availability)
11.2.6. GE
11.2.6.1. Business Overview
11.2.6.2. Product and Service Offerings
11.2.6.3. Recent Developments
11.2.6.4. Financials (Based on Availability)
11.2.7. Hyosung Heavy Industries
11.2.7.1. Business Overview
11.2.7.2. Product and Service Offerings
11.2.7.3. Recent Developments
11.2.7.4. Financials (Based on Availability)
11.2.8. Voltamp Transformer
11.2.8.1. Business Overview
11.2.8.2. Product and Service Offerings
11.2.8.3. Recent Developments
11.2.8.4. Financials (Based on Availability)
11.2.9. Kirloskar Electric Co. Ltd
11.2.9.1. Business Overview
11.2.9.2. Product and Service Offerings
11.2.9.3. Recent Developments
11.2.9.4. Financials (Based on Availability)
11.2.10. ABB
11.2.10.1. Business Overview
11.2.10.2. Product and Service Offerings
11.2.10.3. Recent Developments
11.2.10.4. Financials (Based on Availability)

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