Dry-Type Transformers Market Size, Share, Challenges, Drivers and Forecasts To 2021

Market Research analysts forecast the global dry-type transformers market to grow at a CAGR of 5.31% during the period 2017-2021.

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.

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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.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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.

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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: 
Americas
APAC
EMEA

Global Dry-Type Transformers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
ABB
Crompton Greaves
GE
Schneider Electric
Siemens

Other prominent vendors 
DuPont
Eaton 
ELANTAS
Fuji Electric
Hammond Power Solution (HPS)
Jinpan International
Kirloskar Electric
KOTSONS
MGM Transformer Company
Prima Transformers
Raychem RPG
Synergy Transformers
TBEA Transformer Industrial Group
Temco
Vijay Power Control Systems
Virginia Transformer
Voltamp Transformers

Market driver 
Modernization of existing transformers
For a full, detailed list, view our report 

Market challenge 
Evolution of eco-efficient power transformers
For a full, detailed list, view our report 

Market trend 
Increasing popularity of dry-type transformers
For a full, detailed list, view our report 

Key questions answered in this report 
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors? 

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Source: https://marketreportscenter.com/reports/500971/global-dry-type-transformers-market-2017-2021