Dry Type Transformer Market by Technology (Cast Resin, Vacuum Pressure Impregnated), Voltage (Low (<1 kV), Medium (1-36 kV), High (Above 36 kV)), Phase (Single, Three), Application (Industrial, Commercial, Utilities) Region

The global dry type transformer market is estimated to grow from USD 6.6 billion in 2023 to USD 9.2 billion by 2028; it is expected to record a CAGR of 6.8% during the forecast period. The escalating implementation of environmental regulations and the prevailing global impetus toward sustainable practices have incited industries and utilities to embrace ecologically conscious technologies drives the market for dry type transformers.

Cast-Resin: The largest segment of the dry type transformer market, by technology

Based on type, the dry type transformer market has been segmented into cast-resin and vacuum pressure impregnated. The cast-resin segment is expected to be the largest segment during the forecast period. The epoxy resin utilized in cast resin transformers furnishes resilient insulation characterized by its resistance to moisture and chemical agents. This augmentation imparts heightened endurance and prolonged operational longevity to the transformer, particularly when deployed in demanding operational contexts.

Industrial segment is expected to be the largest segment during the forecast period based on application.

By application, the dry type transformer market has been split into four types: industrial, commercial, utilities and others. The industrial segment is expected to hold the largest market share during the forecast period. The escalating demand for dry-type transformers in industrial applications can be attributed to compact design and reduced maintenance requirements of dry type transformers resonate with industrial facilities seeking efficient space utilization and cost-effective operation.

By Voltage , medium voltage segment is expected to be the fastest growing segment during the forecast period.

Based on the Voltage, the dry type transformer market is segmented into low voltage, medium voltage and high voltage. The medium voltage segment is expected to be the fastest growing segment of the dry type transformer market during the forecast period. Medium voltage dry type transformers are more efficient at transmitting power over longer distances, which is important for larger industrial and utility applications. Aditionally, medium voltage transformers use smaller conductors, which saves costs while maintaining effective power transmission.

Three Phase: The largest segment during the forecast period based on phase segment.

Based on phase segment, the dry type transformer market is segmented into single and three phase. The three phase segment is expected to be the largest segment of the dry type transformers market during the forecast period. Three-phase dry type transformers distribute power more evenly than single-phase dry type transformers. This is important for industrial and commercial applications, which often have complex machinery and equipment that require a stable power supply. Three-phase transformers help to distribute power evenly, which reduces energy losses and improves overall system efficiency. Reduced energy losses and efficient performance drives the market.

Asia Pacific is expected to be the largest region in the dry type transformer market.

Asia Pacific is expected to be the largest region in the dry type transformers market during the forecast period. Growth is attributed to the rapid increase in urbanization & infrastructure development in the region. According to Urban Agenda Platform, the share of the urban population to the total population in the region is 52.4% in 2022. According to UN Habitat, the urban population in Asia is expected to grow by 50% by 2050. Urbanization leads to the growth of infrastructure. The demand for safe and reliable electrical solutions increases with the growing construction of high-rise buildings and commercial complexes.

Asia Pacific region has witnessed a growing interest in renewable energy sources such as solar and wind power. The burgeoning adoption of renewable energy sources is playing a pivotal role in driving the demand and robust growth of the dry-type transformers market.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%
By Designation: C-Level- 30%, Director Level- 25%, and Others- 45%
By Region: North America- 35%, Europe- 25%, Asia Pacific- 20%, Middle East & Africa- 20%,

Note: Others include sales managers, engineers, and regional managers.

Note: The tiers of the companies are defined on the basis of their total revenues as of 2022. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The dry type transformer market is dominated by a few major players that have a wide regional presence. The leading players in the dry type transformer market are Schneider Electric (France), Eaton (Ireland), Siemens Energy (Germany), Hitachi, Ltd. (Japan), and TOSHIBA CORPORATION (Japan). The major strategy adopted by the players includes new product launches, partnerships, acquisitions, and investments & expansions.

Research Coverage:

The report defines, describes, and forecasts the global dry type transformer market by technology, voltage, phase and application. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the dry type transformer market.

Key Benefits of Buying the Report

Increasing demand for environmentally friendly and sustainable products and growing requirements for safety are few of the key factors driving the dry type transformer market. Factors such as a decline in capital expenditures by oilfield operators and service providers restrain the growth of the market. The growing energy transition towards renewable energy sources and rapid urbanization are expected to present lucrative opportunities for the players operating in the dry type transformer market. The high cost of the dry type transformers and limited power capacity poses a major challenge for the players, especially for emerging players operating in the dry type transformers market.
Product Development/ Innovation: The dry type transformer market is witnessing significant product development and innovation, driven by the growing demand for environmentally friendly, safe and sustainable products. Companies are investing in developing advanced dry type transformer technologies such as cast resin and vacuum pressure impregnated.
Market Development: Eaton Company acquired Jiangsu Ryan Electrical Co. Ltd. ,one of the leading manufacturers of dry type transformers. This acquisition helped the company to serve iyts customers better globally.
Market Diversification: Seimens introduced CAREPOLE, an innovative dry-type single-phase transformer for pole applications. This product will be installed in the ditribution grid. This product was introduced for American Market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, like include Schneider Electric (France), Eaton (Ireland), Siemens Energy (Germany), Hitachi, Ltd. (Japan), and TOSHIBA CORPORATION (Japan), among others in the dry type transformers market.

1 Introduction

1.1 Study Objectives
1.2 Market Definition
1.3 Inclusions and Exclusions
1.3.1 Dry-Type Transformer Market: Inclusions and Exclusions, by Technology
1.3.2 Dry-Type Transformer Market: Inclusions and Exclusions, by Voltage
1.3.3 Dry-Type Transformer Market: Inclusions and Exclusions, by Phase
1.3.4 Dry-Type Transformer Market: Inclusions and Exclusions, by Application
1.4 Market Scope
Figure 1 Dry-Type Transformer Market: Segmentation
1.4.1 Regional Scope
1.4.2 Years Considered
1.4.3 Currency Considered
1.5 Limitations
1.6 Stakeholders
1.7 Summary of Changes
1.7.1 Recession Impact

2 Research Methodology

2.1 Research Data
Figure 2 Dry-Type Transformer Market: Research Design
2.2 Market Breakdown and Data Triangulation
Figure 3 Data Triangulation
2.2.1 Secondary Data
2.2.1.1 Key Data from Secondary Sources
2.2.2 Primary Data
2.2.2.1 Key Industry Insights
2.2.2.2 Breakdown of Primaries
Figure 4 Breakdown of Primaries
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
Figure 5 Dry-Type Transformer Market: Bottom-Up Approach
2.3.2 Top-Down Approach
Figure 6 Dry-Type Transformer Market: Top-Down Approach
2.3.3 Demand-Side Analysis
Figure 7 Metrics Considered to Analyze Demand for Dry-Type Transformers
2.3.3.1 Assumptions for Demand-Side Analysis
2.3.3.2 Calculations for Demand-Side Analysis
2.3.4 Supply-Side Analysis
Figure 8 Key Metrics Considered to Assess Supply of Dry-Type Transformers
2.3.4.1 Assumptions and Calculations for Supply-Side Analysis
Figure 9 Dry-Type Transformer Market: Industry Concentration Analysis
2.4 Forecast
2.4.1 Impact of Recession

3 Executive Summary

Table 1 Dry-Type Transformer Market Snapshot
Figure 10 Cast Resin Segment to Hold Larger Share of Dry-Type Transformer Market in 2028
Figure 11 Medium Voltage Segment to Lead Dry-Type Transformer Market During Forecast Period
Figure 12 Three Phase Segment to Dominate Dry-Type Transformer Market During Forecast Period
Figure 13 Industrial Segment to Lead Dry-Type Transformer Market During Forecast Period
Figure 14 Asia-Pacific Dominated Dry-Type Transformer Market in 2022

4 Premium Insights

4.1 Attractive Opportunities for Players in Dry-Type Transformer Market
Figure 15 Increasing Focus on Using Safe Electricity Distribution Equipment
4.2 Dry-Type Transformer Market, by Region
Figure 16 Asia-Pacific Dry-Type Transformer Market to Register Highest CAGR During Forecast Period
4.3 Dry-Type Transformer Market, by Technology
Figure 17 Cast Resin Segment to Dominate Dry-Type Transformer Market in 2028
4.4 Dry-Type Transformer Market, by Voltage
Figure 18 Medium Voltage Segment to Dominate Dry-Type Transformer Market in 2028
4.5 Dry-Type Transformer Market, by Phase
Figure 19 Three Phase Segment to Lead Dry-Type Transformer Market in 2028
4.6 Dry-Type Transformer Market, by Application
Figure 20 Industrial Segment to Hold Largest Share of Dry-Type Transformer Market in 2028
4.7 Asia-Pacific Dry-Type Transformer Market, by Voltage and Country
Figure 21 Medium Voltage Segment and China Held Largest Shares of Asia-Pacific Dry-Type Transformer Market in 2022

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
Figure 22 Dry-Type Transformer Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Increasing Demand for Energy Efficiency
5.2.1.2 Implementation of Stringent Environmental Regulations
5.2.1.3 Excellent Properties of Dry-Type Transformers
5.2.1.4 Rising Adoption of Renewable Energy Sources
5.2.2 Restraints
5.2.2.1 Higher Cost of Dry-Type Transformers Than Oil-Filled Ones
5.2.2.2 Susceptibility to Moisture and Insulation Issues
5.2.3 Opportunities
5.2.3.1 Expansion of Global Electrical Infrastructure
Figure 23 Growth Trend of Global Urban Population, 2012-2022
5.2.4 Challenges
5.2.4.1 Limitations in Power Ratings
5.2.4.2 Preference for Oil-Filled Transformers
5.3 Trends/Disruptions Impacting Customers’ Businesses
5.3.1 Revenue Shift and New Revenue Pockets for Dry-Type Transformer Providers
Figure 24 Revenue Shift and New Revenue Pockets for Players in Dry-Type Transformer Market
5.4 Ecosystem Analysis
Table 2 Key Companies and Their Role in Dry-Type Transformer Ecosystem
Figure 25 Dry-Type Transformer Market Map
5.5 Supply Chain Analysis
Figure 26 Dry-Type Transformer Market: Supply Chain Analysis
5.5.1 Raw Material/Component Suppliers
5.5.2 Dry-Type Transformer Manufacturers
5.5.3 End-users
5.6 Technology Analysis
5.6.1 Insulation Materials and Design
5.6.2 Winding Techniques
5.6.3 Core Materials
5.6.4 Cooling Systems
5.6.5 Manufacturing Techniques
5.7 Key Conferences and Events, 2023-2024
Table 3 Dry-Type Transformer Market: List of Key Conferences and Events
5.8 Regulatory Landscape
Table 4 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 5 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 6 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 7 Row: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.9 Trade Analysis
5.9.1 Import Scenario
Table 8 Import Data for Products Covered Under Hs Code 8504, by Country, 2020-2022 (USD)
Figure 27 Import Data for Products Covered Under Hs Code 8504 for Top Five Countries, 2020-2022 (USD)
5.9.2 Export Scenario
Table 9 Export Data for Products Covered Under Hs Code 8504, by Country, 2020-2022 (USD)
Figure 28 Export Data for Products Covered Under Hs Code 8504 for Top Five Countries, 2020-2022
5.10 Patent Analysis
Table 10 Dry-Type Transformer Market: Innovations and Patent Registrations
5.11 Pricing Analysis
5.11.1 Average Selling Price (ASP) Trend, by Raw Material
Figure 29 Average Selling Price (ASP) of Steel in US and Europe, 2021-2023 (Usd/Mt)
Figure 30 Average Selling Price (ASP) of Iron Ore, 2021-2023 (Usd/Mt)
Figure 31 Average Selling Price (ASP) of Copper, 2021-2023
5.11.2 Average Selling Price (ASP) of Dry-Type Transformers, by Voltage
Table 11 Average Selling Price (ASP) of Dry-Type Transformers, by Voltage
5.12 Case Study Analysis
5.12.1 Failure Analysis of Distribution Transformers
5.12.2 Wind Power Developments to Address Grid Integration Issues
5.12.3 Expansion of Smart Energy Corridor with Improved Cybersecurity
5.13 Porter's Five Forces Analysis
Figure 32 Dry-Type Transformer Market: Porter's Five Forces Analysis
Table 12 Dry-Type Transformer Market: Porter's Five Forces Analysis
5.13.1 Threat of New Entrants
5.13.2 Bargaining Power of Suppliers
5.13.3 Bargaining Power of Buyers
5.13.4 Threat of Substitutes
5.13.5 Intensity of Competitive Rivalry
5.14 Key Stakeholders and Buying Criteria
5.14.1 Key Stakeholders in Buying Process
Figure 33 Influence of Stakeholders on Buying Process for Top Three Applications
Table 13 Influence of Stakeholders on Buying Process for Top Three Applications (%)
5.14.2 Buying Criteria
Figure 34 Key Buying Criteria for Top Three Applications
Table 14 Key Buying Criteria for Top Three Applications

6 Dry-Type Transformer Market, by Technology

6.1 Introduction
Figure 35 Dry-Type Transformer Market, by Technology, 2022
Table 15 Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
6.2 Cast Resin
6.2.1 Offers High Insulation Reliability Due to Absence of Air Pockets
Table 16 Cast Resin: Dry-Type Transformer Market, by Region, 2021-2028 (USD Million)
6.3 Vacuum Pressure Impregnated (Vpi)
6.3.1 Reduced Risk of Partial Discharges Attributed to Comprehensive Impregnation
Table 17 Vacuum Pressure Impregnated: Dry-Type Transformer Market, by Region, 2021-2028 (USD Million)

7 Dry-Type Transformer Market, by Voltage

7.1 Introduction
Figure 36 Dry-Type Transformer Market, by Voltage, 2022
Table 18 Dry-Type Transformer Market, by Voltage, 2021-2028 (Units)
Table 19 Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
7.2 Low Voltage
7.2.1 Features Compact Size, Lightweight, and Minimal Maintenance
Table 20 Low Voltage: Dry-Type Transformer Market, by Region, 2021-2028 (Units)
Table 21 Low Voltage: Dry-Type Transformer Market, by Region, 2021-2028 (USD Million)
7.3 Medium Voltage
7.3.1 Ensures Reliable and Efficient Power Transmission while Minimizing Risk of Partial Discharges
Table 22 Medium Voltage: Dry-Type Transformer Market, by Region, 2021-2028 (Units)
Table 23 Medium Voltage: Dry-Type Transformer Market, by Region, 2021-2028 (USD Million)
7.4 High Voltage
7.4.1 Enables Efficient Power Transmission Over Long Distances and Maintains Insulation Reliability
Table 24 High Voltage: Dry-Type Transformer Market, by Region, 2021-2028 (Units)
Table 25 High Voltage: Dry-Type Transformer Market, by Region, 2021-2028 (USD Million)

8 Dry-Type Transformer Market, by Phase

8.1 Introduction
Figure 37 Dry-Type Transformer Market, by Phase, 2022
Table 26 Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
8.2 Single Phase
8.2.1 Suitable for Indoor Installations Attributed to Compact Design
Table 27 Single Phase: Dry-Type Transformer Market, by Region, 2021-2028 (USD Million)
8.3 Three Phase
8.3.1 Exhibits Higher Efficiency Than Single-Phase Dry-Type Transformer
Table 28 Three Phase: Dry-Type Transformer Market, by Region, 2021-2028 (USD Million)

9 Dry-Type Transformer Market, by Application

9.1 Introduction
Figure 38 Dry-Type Transformer Market, by Application, 2022
Table 29 Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
9.2 Industrial
9.2.1 Rapid Industrialization and Rising Industrial Activities
Table 30 Industrial: Dry-Type Transformer Market, by Region, 2021-2028 (USD Million)
9.3 Commercial
9.3.1 Rising Demand for Transformers Featuring High Safety, Adaptability, and Energy Efficiency
Table 31 Commercial: Dry-Type Transformer Market, by Region, 2021-2028 (USD Million)
9.4 Utilities
9.4.1 Growing Use of Renewable Energy
Table 32 Utilities: Dry-Type Transformer Market, by Region, 2021-2028 (USD Million)
9.5 Others
Table 33 Others: Dry-Type Transformer Market, by Region, 2021-2028 (USD Million)

10 Dry-Type Transformer Market, by Region

10.1 Introduction
Figure 39 Asia-Pacific Accounted for Largest Share of Dry-Type Transformer Market in 2022
Figure 40 Dry-Type Transformer Market, by Region, 2022
Table 34 Dry-Type Transformer Market, by Region, 2021-2028 (Units)
Table 35 Dry-Type Transformer Market, by Region, 2021-2028 (USD Million)
10.2 Asia-Pacific
Figure 41 Asia-Pacific: Dry-Type Transformer Market Snapshot
10.2.1 Asia-Pacific: Recession Impact
10.2.2 by Technology
Table 36 Asia-Pacific: Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
10.2.3 by Voltage
Table 37 Asia-Pacific: Dry-Type Transformer Market, by Voltage, 2021-2028 (Units)
Table 38 Asia-Pacific: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
10.2.4 by Phase
Table 39 Asia-Pacific: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
10.2.5 by Application
Table 40 Asia-Pacific: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
10.2.6 by Country
Table 41 Asia-Pacific: Dry-Type Transformer Market, by Country, 2021-2028 (USD Million)
10.2.6.1 China
10.2.6.1.1 Low Labor Costs and Rising Urbanization and Industrialization
Table 42 China: Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
Table 43 China: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Millions)
Table 44 China: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Millions)
Table 45 China: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
10.2.6.2 Japan
10.2.6.2.1 Booming Manufacturing Sector
Table 46 Japan: Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
Table 47 Japan: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
Table 48 Japan: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
Table 49 Japan: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
10.2.6.3 India
10.2.6.3.1 Growing Population and Frequent Power Outages
Table 50 India: Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
Table 51 India: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
Table 52 India: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
Table 53 India: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
10.2.6.4 South Korea
10.2.6.4.1 Expanding Industrial Sector
Table 54 South Korea: Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
Table 55 South Korea: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
Table 56 South Korea: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
Table 57 South Korea: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
10.2.6.5 Rest of Asia-Pacific
Table 58 Rest of Asia-Pacific: Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
Table 59 Rest of Asia-Pacific: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
Table 60 Rest of Asia-Pacific: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
Table 61 Rest of Asia-Pacific: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
10.3 Europe
Figure 42 Europe: Dry-Type Transformer Market Snapshot
10.3.1 Europe: Recession Impact
10.3.2 by Technology
Table 62 Europe: Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
10.3.3 by Voltage
Table 63 Europe: Dry-Type Transformer Market, by Voltage, 2021-2028 (Units)
Table 64 Europe: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
10.3.4 by Phase
Table 65 Europe: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
10.3.5 by Application
Table 66 Europe: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
10.3.6 by Country
Table 67 Europe: Dry-Type Transformer Market, by Country, 2021-2028 (USD Million)
10.3.6.1 Germany
10.3.6.1.1 Increasing Demand for Ev Charging Infrastructure
Table 68 Germany: Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
Table 69 Germany: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
Table 70 Germany: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
Table 71 Germany: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
10.3.6.2 France
10.3.6.2.1 Increasing Transition Toward Renewable Energy
Table 72 France: Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
Table 73 France: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
Table 74 France: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
Table 75 France: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
10.3.6.3 UK
10.3.6.3.1 Implementation of Stringent Environmental Regulations
Table 76 Uk: Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
Table 77 Uk: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
Table 78 Uk: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
Table 79 Uk: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
10.3.6.4 Italy
10.3.6.4.1 Expanding Manufacturing Sector
Table 80 Italy: Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
Table 81 Italy: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
Table 82 Italy: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
Table 83 Italy: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
10.3.6.5 Spain
10.3.6.5.1 Growing Use of Renewable Energy
Table 84 Spain: Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
Table 85 Spain: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
Table 86 Spain: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
Table 87 Spain: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
10.3.6.6 Rest of Europe
Table 88 Rest of Europe: Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
Table 89 Rest of Europe: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
Table 90 Rest of Europe: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
Table 91 Rest of Europe: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
10.4 North America
10.4.1 North America: Recession Impact
10.4.2 by Technology
Table 92 North America: Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
10.4.3 by Voltage
Table 93 North America: Dry-Type Transformer Market, by Voltage, 2021-2028 (Units)
Table 94 North America: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
10.4.4 by Phase
Table 95 North America: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
10.4.5 by Application
Table 96 North America: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
10.4.6 by Country
Table 97 North America: Dry-Type Transformer Market, by Country, 2021-2028 (USD Million)
10.4.6.1 US
10.4.6.1.1 Renewable Energy Transition and Infrastructure Development
Table 98 Us: Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
Table 99 Us: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
Table 100 Us: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
Table 101 Us: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
10.4.6.2 Canada
10.4.6.2.1 Rising Innovations and Development of Clean Technologies
Table 102 Canada: Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
Table 103 Canada: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
Table 104 Canada: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
Table 105 Canada: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
10.4.6.3 Mexico
10.4.6.3.1 Increasing Industrialization and Need to Reduce Emissions
Table 106 Mexico: Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
Table 107 Mexico: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
Table 108 Mexico: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
Table 109 Mexico: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
10.5 Middle East & Africa
10.5.1 Middle East & Africa: Recession Impact
10.5.2 by Technology
Table 110 Middle East & Africa: Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
10.5.3 by Voltage
Table 111 Middle East & Africa: Dry-Type Transformer Market, by Voltage, 2021-2028 (Units)
Table 112 Middle East & Africa: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
10.5.4 by Phase
Table 113 Middle East & Africa: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
10.5.5 by Application
Table 114 Middle East & Africa: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
10.5.6 by Country
Table 115 Middle East & Africa: Dry-Type Transformer Market, by Country, 2021-2028 (USD Million)
10.5.6.1 South Africa
10.5.6.1.1 Growing Adoption of Environmentally Friendly and Sustainable Practices
Table 116 South Africa: Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
Table 117 South Africa: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
Table 118 South Africa: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
Table 119 South Africa: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
10.5.6.2 Saudi Arabia
10.5.6.2.1 Increasing Use of Renewable Energy Sources
Table 120 Saudi Arabia: Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
Table 121 Saudi Arabia: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
Table 122 Saudi Arabia: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
Table 123 Saudi Arabia: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
10.5.6.3 Rest of Middle East & Africa
Table 124 Rest of Middle East & Africa: Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
Table 125 Rest of Middle East & Africa: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
Table 126 Rest of Middle East & Africa: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
Table 127 Rest of Middle East & Africa: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
10.6 South America
10.6.1 South America: Recession Impact
10.6.2 by Technology
Table 128 South America: Dry-Type Transformer Market in South America, by Technology, 2021-2028 (USD Million)
10.6.3 by Voltage
Table 129 South America: Dry-Type Transformer Market, by Voltage, 2021-2028 (Units)
Table 130 South America: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
10.6.4 by Phase
Table 131 South America: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
10.6.5 by Application
Table 132 South America: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
10.6.6 by Country
Table 133 South America: Dry-Type Transformer Market, by Country, 2021-2028 (USD Million)
10.6.6.1 Brazil
10.6.6.1.1 High Growth of Mining Industry
Table 134 Brazil: Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
Table 135 Brazil: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
Table 136 Brazil: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
Table 137 Brazil: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
10.6.6.2 Argentina
10.6.6.2.1 Growing Adoption of Renewable Energy
Table 138 Argentina: Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
Table 139 Argentina: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
Table 140 Argentina: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
Table 141 Argentina: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)
10.6.6.3 Rest of South America
Table 142 Rest of South America: Dry-Type Transformer Market, by Technology, 2021-2028 (USD Million)
Table 143 Rest of South America: Dry-Type Transformer Market, by Voltage, 2021-2028 (USD Million)
Table 144 Rest of South America: Dry-Type Transformer Market, by Phase, 2021-2028 (USD Million)
Table 145 Rest of South America: Dry-Type Transformer Market, by Application, 2021-2028 (USD Million)

11 Competitive Landscape

11.1 Overview
11.2 Key Strategies Adopted by Major Players
Figure 43 Dry-Type Transformer Market: Key Strategies Adopted by Major Players, 2018-2023
11.3 Industry Concentration of Key Players, 2022
Figure 44 Dry-Type Transformer Market: Industry Concentration of Key Players, 2022
11.4 Market Evaluation Framework, 2018-2023
Table 146 Market Evaluation Framework, 2018-2023
11.5 Segmental Revenue Analysis of Top Five Players, 2018-2022
Figure 45 Segmental Revenue Analysis of Top Five Players, 2018-2022
11.6 Competitive Scenarios and Trends
11.6.1 Deals
Table 147 Dry-Type Transformer Market: Deals, 2018-2023
11.6.2 Product Launches
Table 148 Dry-Type Transformer Market: Product Launches, 2018-2023
11.6.3 Others
Table 149 Dry-Type Transformer Market: Others, 2020-2021
11.7 Company Evaluation Matrix, 2022
11.7.1 Stars
11.7.2 Emerging Leaders
11.7.3 Pervasive Players
11.7.4 Participants
Figure 46 Dry-Type Transformer Market: Company Evaluation Matrix, 2022
11.8 Competitive Benchmarking
Table 150 Technology: Company Footprint
Table 151 Application: Company Footprint
Table 152 Phase: Company Footprint
Table 153 Voltage: Company Footprint
Table 154 Region: Company Footprint

12 Company Profiles

(Business Overview, Products/Solutions/Services Offered, Recent Developments & Analyst's View)*
12.1 Key Players
12.1.1 Schneider Electric
Table 155 Schneider Electric: Company Overview
Figure 47 Schneider Electric: Company Snapshot
Table 156 Schneider Electric: Products/Solutions/Services Offered
12.1.2 Eaton
Table 157 Eaton: Company Overview
Figure 48 Eaton: Company Snapshot
Table 158 Eaton: Products/Solutions/Services Offered
Table 159 Eaton: Deals
12.1.3 Toshiba Corporation
Table 160 Toshiba Corporation: Company Overview
Figure 49 Toshiba Corporation: Company Snapshot
Table 161 Toshiba Corporation: Products/Solutions/Services Offered
12.1.4 Hitachi, Ltd.
Table 162 Hitachi, Ltd.: Company Overview
Figure 50 Hitachi, Ltd.: Company Snapshot
Table 163 Hitachi, Ltd.: Products/Solutions/Services Offered
Table 164 Hitachi, Ltd.: Product Launches
Table 165 Hitachi, Ltd.: Deals
Table 166 Hitachi, Ltd.: Others
12.1.5 Siemens Energy
Table 167 Siemens Energy: Company Overview
Figure 51 Siemens Energy: Company Snapshot
Table 168 Siemens Energy: Products/Solutions/Services Offered
Table 169 Siemens Energy: Product Launches
12.1.6 General Electric
Table 170 General Electric: Company Overview
Figure 52 General Electric: Company Snapshot
Table 171 General Electric: Products/Solutions/Services Offered
12.1.7 Fuji Electric Co. Ltd.
Table 172 Fuji Electric Co. Ltd.: Company Overview
Figure 53 Fuji Electric Co. Ltd.: Company Snapshot
Table 173 Fuji Electric Co. Ltd.: Products/Solutions/Services Offered
12.1.8 Cg Power & Industrial Solutions Ltd.
Table 174 Cg Power & Industrial Solutions Ltd.: Company Overview
Figure 54 Cg Power & Industrial Solutions Ltd.: Company Snapshot
Table 175 Cg Power & Industrial Solutions Ltd.: Products/Solutions/Services Offered
12.1.9 Kirloskar Electric Company
Table 176 Kirloskar Electric Company: Company Overview
Figure 55 Kirloskar Electric: Company Snapshot
Table 177 Kirloskar Electric: Products/Solutions/Services Offered
12.1.10 Hyosung Heavy Industries
Table 178 Hyosung Heavy Industries: Company Overview
Figure 56 Hyosung Heavy Industries: Company Snapshot
Table 179 Hyosung Heavy Industries: Products/Solutions/Services Offered
12.1.11 Hammond Power Solutions
Table 180 Hammond Power Solutions: Company Overview
Table 181 Hammond Power Solutions: Products/Solutions/Services Offered
Figure 57 Hammond Power Solutions: Company Snapshot
Table 182 Hammond Power Solutions: Product Launches
Table 183 Hammond Power Solutions.: Others
12.1.12 Voltamp
Table 184 Voltamp: Company Overview
Table 185 Voltamp: Products/Services/Solutions Offered
Figure 58 Voltamp: Company Snapshot
12.1.13 Weg
Table 186 Weg: Company Overview
Table 187 Weg: Products/Services/Solutions Offered
Figure 59 Weg: Company Snapshot
12.1.14 Tmc Transformers S.P.A.
Table 188 Tmc Transformers S.P.A.: Company Overview
Table 189 Tmc Transformers S.P.A.: Products/Services/Solutions Offered
Table 190 Tmc Transformers S.P.A.: Deals
12.1.15 Hanley Energy
Table 191 Hanley Energy: Company Overview
Table 192 Hanley Energy: Products/Services/Solutions Offered
12.1.16 Alfanar Group
Table 193 Alfanar Group: Company Overview
Table 194 Alfanar Group: Products/Services/Solutions Offered
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments & Analyst's View Might Not be Captured in Case of Unlisted Companies.
12.2 Other Players
12.2.1 Efacec
12.2.2 Tbea Co. Ltd.
12.2.3 Jst Power Equipment, Inc.
12.2.4 Rpt Ruhstrat Power Technology GmbH
12.2.5 Raychem Rpg Private Limited
12.2.6 Delta Star Power Manufacturing Corp.

13 Appendix

13.1 Insights from Industry Experts
13.2 Discussion Guide
13.3 Knowledgestore: Subscription Portal
13.4 Customization Options
13.5 Related Reports
13.6 Author Details

Companies Mentioned

Alfanar Group
Cg Power & Industrial Solutions Ltd.
Delta Star Power Manufacturing Corp.
Eaton
Efacec
Fuji Electric Co. Ltd.
General Electric
Hammond Power Solutions
Hanley Energy
Hitachi, Ltd.
Hyosung Heavy Industries
Jst Power Equipment, Inc.
Kirloskar Electric Company
Raychem Rpg Private Limited
Rpt Ruhstrat Power Technology GmbH
Schneider Electric
Siemens Energy
Tbea Co. Ltd.
Tmc Transformers S.P.A.
Toshiba Corporation
Voltamp
Weg

Methodology

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Table Information

Report Attribute	Details
No. of Pages	193
Published	September 2023
Forecast Period	2023 - 2028
Estimated Market Value ( USD ) in 2023	$ 6.6 Billion
Forecasted Market Value ( USD ) by 2028	$ 9.2 Billion
Compound Annual Growth Rate	6.8%
Regions Covered	Global
No. of Companies Mentioned	22

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Dry Type Transformer Market by Technology (Cast Resin, Vacuum Pressure Impregnated), Voltage (Low (<1 kV), Medium (1-36 kV), High (Above 36 kV)), Phase (Single, Three), Application (Industrial, Commercial, Utilities) Region - Global Forecast to 2028

Cast-Resin: The largest segment of the dry type transformer market, by technology

Industrial segment is expected to be the largest segment during the forecast period based on application.

By Voltage , medium voltage segment is expected to be the fastest growing segment during the forecast period.

Three Phase: The largest segment during the forecast period based on phase segment.