Dry-Type Transformer

Dry-Type Transformer

Dry-Type Transformer is defined as an electrical transformer that does not use oil as a coolant or insulation medium. In addition, a dry-type transformer uses air or another inert gas as the insulating medium. Dry-type transformers are used in indoor as well as outdoor applications. To reduce the risk of fire or explosion, moisture, or corrosion, the operating environment is dry and clean as well. Dry-type transformers are typically smaller and lighter than oil-filled transformers, and they have a longer service life. Furthermore, they are also more environmentally friendly, as they do not require the use of oil.

The Dry-Type Transformer Market is expected to grow at a steady rate of around 6% owing to the growing demand for energy-efficient and environmentally friendly transformers. Major companies in the market offer dry-type transformers with technologically advanced features to provide reliable and sustainable transformers. For instance, in Apr 2022, Siemens Energy presented an innovative pole-mounted dry-type transformer for the American market. The new cast-resin distribution transformer provides a reliable and sustainable alternative to oil-filled transformers.

• Based on technology, the market is bifurcated into cast resin and vacuum pressure impregnated. The Cast Resin category is expected to grow with a significant CAGR during the forecast period. This is mainly due to the multiple advantages of cast resin dry-type transformer over traditional oil-filled transformers. Factors such as higher efficiency, lower environmental impact, and longer lifespan. Furthermore, cast resin transformers are well-suited for use in a wide range of applications, including data centers, renewable energy systems, and telecommunications. Thus, increasing the demand for cast resin dry-type transformer in the market.
• On the basis of phase, the market is categorized into single-phase and three-phase. Among these, the three-phase is expected to grow with a significant CAGR during the forecast period. This is mainly due to factors such as higher efficiency, lower environmental impact, and longer lifespan. Moreover, the increasing use of renewable energy sources such as wind and solar power requires transformers to step up or step-down voltage levels, which is also contributing to the growth of the three-phase dry-type transformer market.
• Based on voltage, the dry-type transformer market has been classified into low and medium. The low category is expected to grow with a significant CAGR during the forecast period. This is mainly due to the advantages of the dry-type transformers as they are well-suited for use in a wide range of applications, including residential, commercial, and industrial applications. Additionally, as the global population continues to grow and more people move into urban areas, the demand for electricity in residential and commercial buildings is also increasing, driving the demand for low-voltage dry-type transformers further contributing to the growth of the low-voltage dry-type transformer market.
• On the basis of installation, the market is bifurcated into indoor and outdoor. Among these, the indoor installed dry-type transformer is expected to grow with a significant CAGR during the forecast period. This is mainly owing to growth factors such as a rise in commercial and residential buildings, data centers, and telecommunications facilities that are expected to increase the use of transformers. Also, as more people and businesses rely on electricity for power and communication, the demand for indoor dry-type transformers is increasing. Furthermore, the increasing use of renewable energy sources such as solar and wind power, which require transformers to step up or step-down voltage levels, which in turn is increasing the growth of the indoor dry-type transformer market.
• Based on the rating, the dry-type transformer market has been segmented into less than 5 MVA, 5 MVA to 30 MVA, and more than 30 MVA. The 5 MVA to 30 MVA category is expected to grow with a significant CAGR during the forecast period. This is because these transformers are well-suited for use in large-scale industrial and commercial applications, such as power plants, manufacturing facilities, and data centers. In addition, they are often used in grid applications, such as substations and power distribution systems, where high voltage and current ratings are required. Moreover, as more industries and countries continue to industrialize and modernize, the demand for high-power transformers is also increasing, driving the demand for 5 MVA to 30 MVA dry-type transformers.
• On the basis of end-user, the market is classified into industrial, commercial, and others. Among these, the industrial category is expected to grow with a significant CAGR during the forecast period. This is mainly because industrial dry-type transformers are majorly used due to higher efficiency, lower environmental impact, and longer lifespan. Industries such as manufacturing, mining, and oil and gas extraction majorly rely on electricity for power and automation, and the demand for industrial dry-type transformers is increasing.
• For a better understanding of the market adoption of the dry-type transformer industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, Rest of Asia-Pacific), Rest of World. APAC is anticipated to hold a substantial CAGR in 2021. This is mainly due to the increasing demand for energy-efficient and high-quality power transmission equipment. Dry-type transformers offer several advantages over traditional oil-filled transformers, such as higher efficiency, lower environmental impact, and longer lifespan. As a result, they are becoming increasingly popular among electric utilities, industrial and commercial users, and other organizations in the region. In addition, several countries with rapidly growing economies and increasing electricity demand, such as China, India, and Indonesia. These countries are investing heavily in infrastructure development and are upgrading their power transmission and distribution systems to meet the increasing electricity demand. Due to such factors, the rising demand for dry-type transformers is increasing in the region.
• Some of the major players operating in the market include Bharat Heavy Electricals Limited; Eaton; Fuji Electric Co., Ltd.; Hitachi Energy Ltd; Siemens; Hammond Power Solutions; General Electric Company; Schneider Electric; Kirloskar Electric Company; Hanley Energy.