Increasing Investment in the Renewable Sector is rigorously driving the Global Dry Transformer Market. :
Pune, India, May, 2018, /MRFR Press Release/- The prominent players in the dry transformer market include Hammond Power Solution Inc. (Canada), ABB Ltd.(Switzerland), Siemens AG (Germany), General Electric (U.S.), Jinpan International Ltd.(China), TBEA Transformer Industrial Group (China), , Crompton Graves Ltd. (India), Voltamp Transformer Ltd.(India), Virginia Transformer Corp (U.S), Kirloskar Electric Company (India), and Kotsons Pvt. Ltd (India).
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Geographically, the global dry transformer market has been divided into four major regions such as North America, Europe, Asia Pacific and Rest of the World. Asia Pacific region, have accounted for the largest market share, in 2016 and is projected to grow at the highest CAGR during the forecast period. The growing demand to update and upgrade existing distribution network to serve the growing demand for electricity is driving the growth of the dry transformer market over the forecast period. Growing population along with improvement in the lifestyle is lead to increase the consumption of energy. This also has the positive influence on the growth of the market. China, Japan, India, and Singapore are the major markets in Asia Pacific. China is one of the leading markets in the region.
Market Research Analysis
For this study, the global dry transformer market has been divided into four segments type, service, elevator technology, and end user. By phase type, the market has been segmented into Single-Phase, and Three-Phase. The single-phase transformers are usually used in commercial low voltage application as electronic devices. They operate as step down voltage transformer and decrease the home voltage value to the value suitable for electronics supplying. A three-phase transformer is a three-legged iron core. Each leg has a particular primary and secondary winding. This is a more expensive solution and is used in high power system.
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Scope of the Report
This study provides an overview of the global dry transformer market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global Dry Transformer market by its type, phase type, voltage range, application and region.
- By Type
- Cast Resin
- Vacuum Pressure Impregnated
- By Phase type
- By Voltage Range
- By Region
- North America
- Asia Pacific
- Rest of the World
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