North America Dry-type Transformer Market Forecast 2021-2028

North America Dry-type Transformer Market Forecast 2021-2028

KEY FINDINGS
The North America dry-type transformer market is expected to register a CAGR of 6.74%, over the forecast period of 2021 to 2028. The primary factors attributed to the market growth are, the rapid economic development due to the relocation of manufacturing bases, and the increased demand for electricity.

MARKET INSIGHTS
The North America dry-type transformer market growth is analyzed by assessing Canada and the United States. In Canada, the power sector is dominated by renewable sources, like hydropower, which accounts for more than 50% of the generation. Provinces such as Ontario witness a diverse and robust supply mix, with hydroelectric and natural gas-based power generation, solar and wind power generation, and increased demand-response resources. Moreover, in addition to the United States, Canada also achieved a 100% electrification rate, in recent years. Besides, the majority of the country's electrical transmission and distribution grids were developed during the high economic growth period, from the 1950s to the 1980s.
However, Canada's aging infrastructure has resulted in increased outages and higher failure rates. As a result, the nation requires a massive infrastructural renewal. Refurbishing the existing transmission and distribution infrastructure is anticipated to be a crucial driver for the region's dry-type transformer market. Canada's power sector is also transforming from a system based on an extensive and centralized generation, transmission, and distribution, to a relatively smaller-scale and distributed generation. Likewise, the declining costs of equipment are also encouraging the localized generation of distributed energy, like, solar and wind. Thus, such factors are anticipated to fuel the market growth, over the forecast period.

COMPETITIVE INSIGHTS
Prominent companies operating in the market include, General Electric Company, Hammond Power Solutions Inc, Hanley Energy GCC, Voltamp Transformers Ltd, Eaton Corporation PLC, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments


1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
3. Market Dynamics
3.1. Key Driver
3.1.1. Growing Demand For Electricity For Different End-users
3.1.2. Growing Adoption Of Non-conventional And Renewable Energy
3.1.3. Aging Distribution And Transmission Infrastructure
3.2. Key Restraints
3.2.1. Development Of Solid-state Transformers (Ssts)
3.2.2. Limitations Of Oil-cooled Transformers
4. Key Analytics
4.1. Impact Of Covid-19 On Dry-type Transformer Market
4.2. Key Investment Insights
4.3. Porter’s Five Force Analysis
4.3.1. Buyer Power
4.3.2. Supplier Power
4.3.3. Substitution
4.3.4. New Entrants
4.3.5. Industry Rivalry
4.4. Opportunity Matrix
4.5. Vendor Landscape
4.6. Regulatory Framework
5. Market By Type
5.1. Dry-type Converter Transformer
5.2. Dry-type Rectifier Transformer
6. Market By Technology
6.1. Cast Resin
6.2. Vacuum Pressure Impregnated
7. Market By Phase
7.1. Single-phase
7.2. Three-phase
8. Market By Voltage
8.1. Low-voltage
8.2. Medium-voltage
9. Market By End-user
9.1. Industrial
9.1.1. Marine
9.1.2. Chemical
9.1.3. Oil & Gas Industry
9.1.4. Renewable Energy Generation
9.1.5. Railway
9.1.6. Others
9.2. Commercial
9.3. Others
10. Geographical Analysis
10.1. North America
10.1.1. Market Size & Estimates
10.1.2. Key Growth Enablers
10.1.3. Key Challenges
10.1.4. Key Players
10.1.5. Country Analysis
10.1.5.1. United States
10.1.5.2. Canada
11. Competitive Landscape
11.1. Key Strategic Developments
11.1.1. Merger & Acquisitions
11.1.2. Product Launch & Developments
11.1.3. Partnership, Contract/Agreement & Collaboration
11.2. Company Profile
11.2.1. Bharat Heavy Electricals Ltd
11.2.2. Eaton Corporation Plc
11.2.3. Fuji Electric Co Ltd
11.2.4. General Electric Company
11.2.5. Hammond Power Solutions Inc
11.2.6. Hanley Energy Gcc
11.2.7. Hitachi Ltd
11.2.8. Hyosung Heavy Industries
11.2.9. Kirloskar Electric Co Ltd
11.2.10. Power Sp Zoo
11.2.11. Schneider Electric Se
11.2.12. Siemens Ag
11.2.13. Tbea Co Ltd
11.2.14. Voltamp Transformers Ltd
11.2.15. Weg Group
11.2.16. Crompton Greaves Limited
11.2.17. Abb Ltd
11.2.18. Hyundai Heavy Industries Co Ltd

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