Dry Type Transformer Market - Analysis by Technology, End Phase and Application - Growth Trends and Forecasts (2015-2020)
The dry type transformers market is underpinned by the increasing demand of energy, reduction of fire hazards, and need to adopt safe methods to distribute electricity for residential and commercial use. Besides, there is no fire protection requirement for dry type transformers, thereby making it environmentally safe. On the Flipside, lack of investments by the government towards grid stability is likely to inhibit the development of the Dry type transformers market.
Asia Pacific dominates the global dry type transformers market followed by North America and Europe. Increasing investments in the transmission and distribution networks in countries like India and China. Countries in the Middle East and Africa region like Iran and Saudi Arabia are also investing in the expansion and restructuring of power grids, which increases the growth prospects for the Dry Type Transformer Market.
On the basis of technology, the market is divided into Cast Resin, and VPI. The Cast Resin segment is expected to account for the largest share of the Market by 2020 while the VPI segment is expected to register a growth rate of 4.8% during the forecast period.
Key Deliverables of the Study
Market definition along with the identification of key drivers, restraints and opportunities
Market analysis, with region specific assessments and competition analysis on a global and regional scale
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Insights on the major countries/regions in which this industry is growing and to also identify the regions that are still untapped
Extensively researched competitive landscape section along with list of key companies and their market shares
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