Global Dry-Type Transformers Market 2017-2021
About dry-type transformers
Electrical transformers are devices that convert electricity from one voltage to another for T&D purposes. Dry-type transformers are transformers where windings with core are kept within a sealed tank that is pressurized with air. These transformers are of various types which include cast resin dry-type transformer and vacuum pressure impregnated transformer.
Technavio’s analysts forecast the global dry-type transformers market to grow at a CAGR of 5.31% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global dry-type transformers market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of dry-type transformers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Dry-Type Transformers Market 2017-2021
Technavio recognizes the following companies as the key players in the global dry-type transformers market: ABB, Crompton Greaves, GE, Schneider Electric, and Siemens.
Other Prominent Vendors in the market are: DuPont, Eaton, ELANTAS, Fuji Electric, Hammond Power Solution, Jinpan International, Kirloskar Electric, KOTSONS, MGM Transformer Company, Prima Transformers, Raychem RPG, Synergy Transformers, TBEA Transformer Industrial, Temco, Vijay Power Control Systems, Virginia Transformer, and Voltamp Transformers.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing popularity of dry-type transformers. Dry-type transformers due to the absence of inflammable oils, are preferred over oil-filled transformers, to avoid risks of fire. Typical places which have high risks of fire include commercial areas like airports and malls and residential complexes.”
According to the report, one of the major drivers for this market is modernization of existing transformers. The increase in installation activities regarding new transformers and the replacement of old transformers with new ones are fueling the growth of the global dry-type transformers market.
Further, the report states that one of the major factors hindering the growth of this market is evolution of eco-efficient power transformers. Several transformer manufacturers have started to design and manufacture environment-friendly products based on customer demand for the same. Customers need transformers that are negligibly hazardous to the environment and at the same time offer improved life cycle costs along with minimal maintenance requirements and enhanced service lifetime.
ABB, Crompton Greaves, GE, Schneider Electric, Siemens, DuPont, Eaton, ELANTAS, Fuji Electric, Hammond Power Solution, Jinpan International, Kirloskar Electric, KOTSONS, MGM Transformer Company, Prima Transformers, Raychem RPG, Synergy Transformers, TBEA Transformer Industrial, Temco, Vijay Power Control Systems, Virginia Transformer, Voltamp Transformers.