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North America Dry Type Transformer Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: October, 2022
No of Pages: 159
Delivery Format: PDF+Excel

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Industry Trends

North America Dry Type Transformer Market size in 2018 exceeded USD 900 million and is anticipated to surpass an annual installation of 19’000 units by 2025.

Ongoing technological advancements followed by positive inclination toward the replacement of traditional insulation technologies will drive the dry type transformer market across North America. The technology owing to its environmental reliability has gained immense upsurge in the recent years. Exceptional performance in extreme climatic conditions coupled with elimination of spills & leakages will boost product penetration. Furthermore, efficient resistivity to abrupt current flow and short circuits in line with operational safety & security across indoor deployment will foster the industry growth.

Shell core transformers are anticipated to exceed an annual installation of 5’000 units by 2025. These transformers in the recent years have gained an appreciable market penetration owing to improved efficiencies and economical cost structure when compared to the conventional closed core units. Furthermore, high-end product flexibility coupled with the integration of smart monitoring unit have proliferated the overall dry type transformer market.

North America Dry Type Transformer Market, By Technology

Effective compatibility across high-tension applications along with better cooling properties, when compared to its dry counterparts, will fuel the self air dry type transformer market growth. The technology over the years has gained sustainable adoption pertaining to its optimum cooling strength and ease-of-installation. Leakage, health, and fire hazards associated with these products may however restrain the product demand.

North America Dry Type Transformer Market, By Insulation 

Class B and A transformers witness wide applicability across electric networks with lower peak demand and comparatively low transformation capacity. These units have gained marginal industry penetration owing to the significant competitive influence from existing insulation units and low consumer apprehension. However effective cost structure, compact configuration, and insulating property are key factors driving the market growth.

North America Dry Type Transformer Industry, By Product

In the recent years, cast resin transformers have gained appreciable upsurge owing to their rapid technological enhancements and safe operational performance. The manufacturers have constantly been focusing towards efficient technological developments and expansion of product applications which in turn will augment the dry type transformer market.

North America Dry Type Transformer Industry, By Phase

Three-phase dry type transformers owing to their effective feasibility across large-capacity industrial establishments and utility-aided distribution networks hold the majority revenue share. However, the growing demand for high ampacity and power reliability across industrial processes will positively influence the industry landscape. In addition, the effective long-route network capacity coupled with lower line losses will enhance the market.

North America Dry Type Transformer Market, By Installation

Increasing space limitations on account of ongoing retrofitting & refurbishment of existing electric network will stimulate the indoor North America dry type transformer industry. The growing real estate industry in association to the exponential increase in public and private investments will enhance the product penetration. Infrastructure investments across the region have primarily been driven with majority of deals led by the renewable, power, and road sectors.

North America Dry Type Transformer Market, By Winding

Effective transformation & operational flexibility, when compared to its competitive counterparts have amplified the auto transformer dry type transformer market potential. Compact unit structure, sustainable costs, and higher efficiency are a few indispensable parameters, which will encourage the product adoption.

North America Dry Type Transformer Market, By Rating

> 30 MVA units in the recent years have gained escalation owing to the expansion of high-tension electric lines to curb losses accumulated from the long-route electrical supply. Minimal sagging losses, lesser use of materials, and efficient electricity supply are the few indispensable parameters which will positively influence the dry type transformer market.

North America Dry Type Transformer Industry, By Voltage

2.5 kV to 10 kV dry type transformer market is predicted to observe growth on account of its wide applications across power, infrastructure sectors and process industries. Ongoing integration of sustainable technologies across the residential peripherals along with rapid development of micro-grid infrastructure will positively influence the business outlook.

North America Dry Type Transformer Industry, By Mounting

Pole-mounted transformers have gained appreciable market penetration owing to large unit installations to cater to long-route electrical distribution. Distant load centers across regions with limited grid access provide immense potential for technological expansion which will further boost the North America market.

North America Dry Type Transformer Market, By Application

Increasing emphasis on the adoption of comprehensive frequency electric networks in line with rising concerns for energy efficiency will complement the industrial dry type transformer market size. Growing demand for high voltage infrastructure to endure rising demand for peak load will boost the product demand. Increasing fund allocation by the government and private organizations towards electrification programs will further complement the industry growth.

North America Dry Type Transformer Market, By End Use

Rising energy demand, expanding smart grid networks along with the increased investments toward retrofitting and modernization of the existing grid structure will augment the dry type transformer market growth. Rising investments & technological upgradation toward the integration of electricity generated from renewable sources into the grid will further complement the industry landscape.

North America Dry Type Transformer Market, By Country 

North American countries including the U.S., Canada, and Mexico have witnessed an inclination in the product demand owing to the increased spending for the development of long-distance electricity networks. The U.S. Government is planning to spend USD 10 billion to develop new distribution networks in 2017, which will significantly reduce the curtailment rate of the Western transmission network.

Competitive Market Share

Prominent North America market participants include GE, Schneider, Toshiba, CG, Siemens, Eaton, ABB, Pioneer Power, WEG, Rex Power, Olsun, MGM, Niagara Transformers, Hammond, Neeltran, Electric Power, Marcus, Atlas, Deemsa and Virginia & Georgia Transformers.

Efficient supply chain collaborations coupled with facility development to attain economies of scale have been the key strategic implications adhered by the leading industry players across the dry type transformer market.

North America Dry Type Transformer Industry Background

These units provide a safe and reliable power source in order to avoid the requirement for venting of toxic gasses, catch basins or fire proof vaults. It needs minimal maintenance to ensure reliable & trouble-free services.

Chapter 1    Methodology & Scope

1.1    Methodology

1.2    Market definitions

1.3    Market estimates and forecast parameters

1.4    Data Sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1    Paid sources

1.4.2.2    Public sources

Chapter 2    Executive Summary

2.1    North America dry-type transformer market 3600 synopsis, 2014 – 2025

Chapter 3    North America Dry Type Transformer Industry Insights

3.1    Industry segmentation

3.2    Industry landscape

3.3    Industry ecosystem analysis

3.3.1    Vendor Matrix

3.4    Import and export landscape

3.4.1    Electrical transformers

3.5    Price trend analysis

3.6    Price trend analysis, by core

3.7    Price trend analysis, by product

3.8    Innovation and technology landscape

3.9    Potential customers

3.9.1    U.S.

3.9.2    Canada

3.9.3    Mexico

3.10    Regulatory landscape

3.10.1    Canada

3.10.1.1   Minimum Energy Performance Standards (MEPS)

3.10.1.2   Energy performance specifications for transformer

3.10.1.3   CAN/CSA C802.2-18

3.10.1.4   CAN/CSA C22.2 NO. 47-13 (R2018)

3.10.1.5   CSA C9-2002 (R2016)

3.10.1.6   Energy Efficiency Regulations, 2016 (SOR/2016-311)

3.10.1.7   Dry-type transformer normal impedance ranges

3.10.1.8   Energy efficiency performance standard for dry-type transformers

3.10.1.9   Energy efficiency performance standard for three-phase dry-type transformers

3.10.2    U.S.

3.10.2.1   Minimum Energy Performance Standards (MEPS)

3.10.2.2   Energy performance specifications for transformer

3.10.2.3   Unified Facilities Guide Specifications

3.10.2.4   Medium Voltage Dry Final Rule

3.10.2.4.1   Electrical Efficiencies for All Medium Voltage Dry Type Distribution Transformer Equipment Classes (Compliant from January 2016)

3.10.2.5   Low Voltage Dry Final Rule

3.10.2.5.1   Electrical Efficiencies for All Low Voltage Dry Type Distribution Transformer Equipment Classes (Compliant from January 2016)

3.10.2.6   Electricity reliability Standards

3.10.2.7   National Electrical Manufacturers Association (NEMA) Standards

3.10.2.8   Institute of Electrical and Electronics Engineers

3.10.2.9   Location and Arrangement of Transformers and Regulators

3.10.2.9.1   Outdoor Installations

3.10.2.9.2   Indoor Installations

3.10.2.9.3   Short-Circuit Protection of Transformers

3.10.2.9.4   Standards

3.11    Service & maintenance landscape

3.11.1    Periodic inspection

3.11.1.1   Operational records

3.11.1.2   Thermographic inspection

3.11.1.3   Visual inspection

3.12    Transformer capital investment landscape

3.12.1    No maintenance

3.12.2    Light maintenance

3.12.3    Heavy maintenance

3.13    U.S. electricity flow, 2018 (quadrillion Btu)

3.14    U.S. electricity outlook, 2050

3.15    Entry Barrier

3.16    Key customer requirements

3.17    Customer group requirements

3.17.1    Residential & Commercial

3.17.2    Industrial

3.18    Market risk analysis

3.19    Factors affecting business growth

3.19.1    Major cost components

3.20    Industry impact forces

3.20.1    Growth drivers

3.20.1.1   Stringent energy efficiency reforms

3.20.1.2   Refurbishment demand for existing grid infrastructure

3.20.1.3   Rising infrastructural spending

3.20.2    Industry pitfalls and challenges

3.20.2.1   High initial cost

3.21    Porter’s analysis

3.22    Growth potential analysis

3.23    Competitive landscape, 2018

3.23.1    Strategy dashboard

3.23.1.1   ABB

3.23.1.1.1   Product Launch

3.23.1.1.2   Collaboration/Joint Venture

3.23.1.1.3   Acquisition

3.23.1.1.4   Installation/Supply

3.23.1.1.5   Establishment

3.23.1.2   General Electric

3.23.1.2.1   Installation/ Supply

3.23.1.2.2   Collaboration

3.23.1.3   Siemens

3.23.1.3.1   Product Launch

3.23.1.3.2   Installation/ Supply

3.23.1.4   Schneider Electric

3.23.1.4.1   Product Launch

3.23.1.4.2   Collaboration

3.23.1.5   CG Power and Industrial Solutions Ltd

3.23.1.5.1   Installation/ Supply

3.23.1.5.2   Acquisition/ Joint Venture

3.23.1.5.3   Divestment

3.23.2    Competitive benchmarking

3.23.3    Company Market Share

3.23.3.1   U.S.

3.23.3.2   Canada

3.23.3.3   Mexico

3.24    PESTEL Analysis

Chapter 4    North America Dry Type Transformer Market, By Core

4.1    North America dry-type transformer market share by core, 2018 & 2025

4.2    Closed

4.2.1    North America dry-type transformer market from closed, 2014 – 2025

4.2.2    North America dry-type transformer market from closed, by country, 2014 – 2025

4.3    Shell

4.3.1    North America dry-type transformer market from shell, 2014 – 2025

4.3.2    North America dry-type transformer market from shell, by country, 2014 – 2025

4.4    Berry

4.4.1    North America dry-type transformer market from berry, 2014 – 2025

4.4.2    North America dry-type transformer market from berry, by country, 2014 – 2025

Chapter 5    North America Dry Type Transformer Market, By Technology

5.1    North America dry-type transformer market share by technology, 2018 & 2025

5.2    Self-air

5.2.1    North America dry-type transformer market from self-air, 2014 – 2025

5.2.2    North America dry-type transformer market from self-air, by country, 2014 – 2025

5.3    Air-blast

5.3.1    North America dry-type transformer market from air-blast, 2014 – 2025

5.3.2    North America dry-type transformer market from air-blast, by country, 2014 – 2025

Chapter 6    North America Dry Type Transformer Market, By Insulation

6.1    North America dry-type transformer market share by insulation, 2018 & 2025

6.2    Class R

6.2.1    North America dry-type transformer market from class R, 2014 – 2025

6.2.2    North America dry-type transformer market from class R, by country, 2014 – 2025

6.3    Class H

6.3.1    North America dry-type transformer market from class H, 2014 – 2025

6.3.2    North America dry-type transformer market from class H, by country, 2014 – 2025

6.4    Class F

6.4.1    North America dry-type transformer market from class F, 2014 – 2025

6.4.2    North America dry-type transformer market from class F, by country, 2014 – 2025

6.5    Class B

6.5.1    North America dry-type transformer market from class B, 2014 – 2025

6.5.2    North America dry-type transformer market from class B, by country, 2014 – 2025

6.6    Class A

6.6.1    North America dry-type transformer market from class A, 2014 – 2025

6.6.2    North America dry-type transformer market from class A, by country, 2014 – 2025

Chapter 7    North America Dry Type Transformer Market, By Product

7.1    North America dry-type transformer market share by product, 2018 & 2025

7.2    Open wound

7.2.1    North America dry-type transformer market from open wound, 2014 – 2025

7.2.2    North America dry-type transformer market from open wound, by country, 2014 – 2025

7.3    Cast resin

7.3.1    North America dry-type transformer market from cast resin, 2014 – 2025

7.3.2    North America dry-type transformer market from cast resin, by country, 2014 – 2025

7.4    Vacuum pressure impregnated

7.4.1    North America dry-type transformer market from vacuum pressure impregnated, 2014 – 2025

7.4.2    North America dry-type transformer market from vacuum pressure impregnated, by country, 2014 – 2025

7.5    Vacuum pressure encapsulated

7.5.1    North America dry-type transformer market from vacuum pressure encapsulated, 2014 – 2025

7.5.2    North America dry-type transformer market from vacuum pressure encapsulated, by country, 2014 – 2025

Chapter 8    North America Dry Type Transformer Market, By Phase

8.1    North America dry-type transformer market share by phase, 2018 & 2025

8.2    Single

8.2.1    North America dry-type transformer market from single, 2014 – 2025

8.2.2    North America dry-type transformer market from single, by country, 2014 – 2025

8.3    Three

8.3.1    North America dry-type transformer market from three, 2014 – 2025

8.3.2    North America dry-type transformer market from three, by country, 2014 – 2025

Chapter 9    North America Dry Type Transformer Market, By Installation

9.1    North America dry-type transformer market share by installation, 2018 & 2025

9.2    Outdoor

9.2.1    North America dry-type transformer market from outdoor, 2014 – 2025

9.2.2    North America dry-type transformer market from outdoor, by country, 2014 – 2025

9.3    Indoor

9.3.1    North America dry-type transformer market from indoor, 2014 – 2025

9.3.2    North America dry-type transformer market from indoor, by country, 2014 – 2025

Chapter 10    North America Dry Type Transformer Market, By Winding

10.1    North America dry-type transformer market share by winding, 2018 & 2025

10.2    Two-winding

10.2.1    North America dry-type transformer market from two-winding, 2014 – 2025

10.2.2    North America dry-type transformer market from two-winding, by country, 2014 – 2025

10.3    Auto-transformer

10.3.1    North America dry-type transformer market from auto-transformer, 2014 – 2025

10.3.2    North America dry-type transformer market from auto-transformer, by country, 2014 – 2025

Chapter 11    North America Dry Type Transformer Market, By Rating

11.1    North America dry-type transformer market share by rating, 2018 & 2025

11.2    < 5 MVA

11.2.1    North America dry-type transformer market from < 5 MVA, 2014 – 2025

11.2.2    North America dry-type transformer market from < 5 MVA, by country, 2014 – 2025

11.3    5 MVA to 30 MVA

11.3.1    North America dry-type transformer market from 5 MVA to 30 MVA, 2014 – 2025

11.3.2    North America dry-type transformer market from 5 MVA to 30 MVA, by country, 2014 – 2025

11.4    > 30 MVA

11.4.1    North America dry-type transformer market from > 30 MVA, 2014 – 2025

11.4.2    North America dry-type transformer market from > 30 MVA, by country, 2014 – 2025

Chapter 12    North America Dry-type Transformer Market, By Voltage

12.1    North America dry-type transformer market share by voltage, 2018 & 2025

12.2    2.5 kV to 10 kV

12.2.1    North America dry-type transformer market from 2.5 kV to 10 kV, 2014 – 2025

12.2.2    North America dry-type transformer market from 2.5 kV to 10 kV, by country, 2014 – 2025

12.3    > 10 kV to 30 kV

12.3.1    North America dry-type transformer market from > 10 kV to 30 kV, 2014 – 2025

12.3.2    North America dry-type transformer market from > 10 kV to 30 kV, by country, 2014 – 2025

12.4    > 30 kV to 50 kV

12.4.1    North America dry-type transformer market from > 30 kV to 50 kV, 2014 – 2025

12.4.2    North America dry-type transformer market from > 30 kV to 50 kV, by country, 2014 – 2025

12.5    > 50 kV to 70 kV

12.5.1    North America dry-type transformer market from > 50 kV to 70 kV, 2014 – 2025

12.5.2    North America dry-type transformer market from > 50 kV to 70 kV, by country, 2014 – 2025

12.6    > 70 kV

12.6.1    North America dry-type transformer market from > 70 kV, 2014 – 2025

12.6.2    North America dry-type transformer market from > 70 kV, by country, 2014 – 2025

Chapter 13    North America Dry Type Transformer Market, By Mounting

13.1    North America dry-type transformer market share by mounting, 2018 & 2025

13.2    Pad

13.2.1    North America dry-type transformer market from pad, 2014 – 2025

13.2.2    North America dry-type transformer market from pad, by country, 2014 – 2025

13.3    Pole

13.3.1    North America dry-type transformer market from pole, 2014 – 2025

13.3.2    North America dry-type transformer market from pole, by country, 2014 – 2025

13.4    Others

13.4.1    North America dry-type transformer market from others, 2014 – 2025

13.4.2    North America dry-type transformer market from others, by country, 2014 – 2025

Chapter 14    North America Dry Type Transformer Market, By Application

14.1    North America dry-type transformer market share by application, 2018 & 2025

14.2    Industries

14.2.1    North America dry-type transformer market from industries, 2014 – 2025

14.2.2    North America dry-type transformer market from industries, by country, 2014 – 2025

14.3    Inner city substations

14.3.1    North America dry-type transformer market from inner city substations, 2014 – 2025

14.3.2    North America dry-type transformer market from inner city substations, by country, 2014 – 2025

14.4    Indoor/Underground substations

14.4.1    North America dry-type transformer market from indoor/underground substations, 2014 – 2025

14.4.2    North America dry-type transformer market from indoor/underground substations, by country, 2014 – 2025

14.5    Renewable generation

14.5.1    North America dry-type transformer market from renewable generation, 2014 – 2025

14.5.2    North America dry-type transformer market from renewable generation, by country, 2014 – 2025

14.6    Others

14.6.1    North America dry-type transformer market from others, 2014 – 2025

14.6.2    North America dry-type transformer market from others, by country, 2014 – 2025

Chapter 15    North America Dry Type Transformer Market, By End Use

15.1    North America dry-type transformer market share by end use, 2018 & 2025

15.2    Residential & Commercial

15.2.1    North America dry-type transformer market from residential & commercial, 2014 – 2025

15.2.2    North America dry-type transformer market from residential & commercial, by country, 2014 – 2025

15.3    Industrial

15.3.1    North America dry-type transformer market from industrial, 2014 – 2025

15.3.2    North America dry-type transformer market from industrial, by country, 2014 – 2025

15.4    Utility

15.4.1    North America dry-type transformer market from utility, 2014 – 2025

15.4.2    North America dry-type transformer market from utility, by country, 2014 – 2025

Chapter 16    North America Dry Type Transformer Market, By Country

16.1    North America dry-type transformer market share by country, 2018 & 2025

16.2    North America

16.2.1    North America market, 2014 – 2025

16.2.2    North America market by core, 2014 – 2025

16.2.3    North America market by technology, 2014 – 2025

16.2.4    North America market by insulation, 2014 – 2025

16.2.5    North America market by product, 2014 – 2025

16.2.6    North America market by phase, 2014 – 2025

16.2.7    North America market by installation, 2014 – 2025

16.2.8    North America market by winding, 2014 – 2025

16.2.9    North America market by rating, 2014 – 2025

16.2.10   North America market by voltage, 2014 – 2025

16.2.11   North America market by mounting, 2014 – 2025

16.2.12   North America market by application, 2014 – 2025

16.2.13   North America market by end use, 2014 – 2025

16.2.14   U.S.

16.2.14.1  U.S. market, 2014 – 2025

16.2.14.2  U.S. market by core, 2014 – 2025

16.2.14.3  U.S. market by technology, 2014 – 2025

16.2.14.4  U.S. market by insulation, 2014 – 2025

16.2.14.5  U.S. market by product, 2014 – 2025

16.2.14.6  U.S. market by phase, 2014 – 2025

16.2.14.7  U.S. market by installation, 2014 – 2025

16.2.14.8  U.S. market by winding, 2014 – 2025

16.2.14.9  U.S. market by rating, 2014 – 2025

16.2.14.10 U.S. market by voltage, 2014 – 2025

16.2.14.11 U.S. market by mounting, 2014 – 2025

16.2.14.12 U.S. market by application, 2014 – 2025

16.2.14.13 U.S. market by end use, 2014 – 2025

16.2.15   Canada

16.2.15.1  Canada market, 2014 – 2025

16.2.15.2  Canada market by core, 2014 – 2025

16.2.15.3  Canada market by technology, 2014 – 2025

16.2.15.4  Canada market by insulation, 2014 – 2025

16.2.15.5  Canada market by product, 2014 – 2025

16.2.15.6  Canada market by phase, 2014 – 2025

16.2.15.7  Canada market by installation, 2014 – 2025

16.2.15.8  Canada market by winding, 2014 – 2025

16.2.15.9  Canada market by rating, 2014 – 2025

16.2.15.10 Canada market by voltage, 2014 – 2025

16.2.15.11 Canada market by mounting, 2014 – 2025

16.2.15.12 Canada market by application, 2014 – 2025

16.2.15.13 Canada market by end use, 2014 – 2025

16.2.16   Mexico

16.2.16.1  Mexico market, 2014 – 2025

16.2.16.2  Mexico market by core, 2014 – 2025

16.2.16.3  Mexico market by technology, 2014 – 2025

16.2.16.4  Mexico market by insulation, 2014 – 2025

16.2.16.5  Mexico market by product, 2014 – 2025

16.2.16.6  Mexico market by phase, 2014 – 2025

16.2.16.7  Mexico market by installation, 2014 – 2025

16.2.16.8  Mexico market by winding, 2014 – 2025

16.2.16.9  Mexico market by rating, 2014 – 2025

16.2.16.10 Mexico market by voltage, 2014 – 2025

16.2.16.11 Mexico market by mounting, 2014 – 2025

16.2.16.12 Mexico market by application, 2014 – 2025

16.2.16.13 Mexico market by end use, 2014 – 2025

Chapter 17    Company Profiles

17.1    ABB

17.1.1    Business Overview

17.1.2    Financial Data

17.1.3    Product Landscape

17.1.4    Strategic Outlook

17.1.5    SWOT Analysis

17.2    General Electric

17.2.1    Business Overview

17.2.2    Financial Data

17.2.3    Product Landscape

17.2.4    Strategic Outlook

17.2.5    SWOT Analysis

17.3    CG Power and Industrial Solutions Ltd

17.3.1    Business Overview

17.3.2    Financial Data

17.3.3    Product Landscape

17.3.4    Strategic Outlook

17.3.5    SWOT Analysis

17.4    Schneider Electric

17.4.1    Business Overview

17.4.2    Financial Data

17.4.3    Product Landscape

17.4.4    Strategic Outlook

17.4.5    SWOT Analysis

17.5    Toshiba Corporation

17.5.1    Business Overview

17.5.2    Financial Data

17.5.3    Product Landscape

17.5.4    Strategic Outlook

17.5.5    SWOT Analysis

17.6    Siemens

17.6.1    Business Overview

17.6.2    Financial Data

17.6.3    Product Landscape

17.6.4    Strategic Outlook

17.6.5    SWOT Analysis

17.7    Eaton

17.7.1    Business Overview

17.7.2    Financial Data

17.7.3    Product Landscape

17.7.4    Strategic Outlook

17.7.5    SWOT Analysis

17.8    Pioneer Power Solutions

17.8.1    Business Overview

17.8.2    Financial Data

17.8.3    Product Landscape

17.8.4    Strategic Outlook

17.8.5    SWOT Analysis

17.9    WEG

17.9.1    Business Overview

17.9.2    Financial Data

17.9.3    Product Landscape

17.9.4    Strategic Outlook

17.9.5    SWOT Analysis

17.10    Rex Power Magnetics

17.10.1   Business Overview

17.10.2   Product Landscape

17.10.3   SWOT Analysis

17.11    Olsun Electric

17.11.1   Business Overview

17.11.2   Product Landscape

17.11.3   SWOT Analysis

17.12    MGM Transformer Company

17.12.1   Business Overview

17.12.2   Product Landscape

17.12.3   SWOT Analysis

17.13    Niagara Transformers

17.13.1   Business Overview

17.13.2   Product Landscape

17.13.3   SWOT Analysis

17.14    Hammond Power Solutions

17.14.1   Business Overview

17.1

Shell core transformers are anticipated to exceed an annual installation of 5’000 units by 2025. These transformers in the recent years have gained an appreciable market penetration owing to improved efficiencies and economical cost structure when compared to the conventional closed core units. Furthermore, high-end product flexibility coupled with the integration of smart monitoring unit have proliferated the overall dry type transformer market.

North America Dry Type Transformer Market, By Technology

Effective compatibility across high-tension applications along with better cooling properties, when compared to its dry counterparts, will fuel the self air dry type transformer market growth. The technology over the years has gained sustainable adoption pertaining to its optimum cooling strength and ease-of-installation. Leakage, health, and fire hazards associated with these products may however restrain the product demand.

North America Dry Type Transformer Market, By Insulation 

Class B and A transformers witness wide applicability across electric networks with lower peak demand and comparatively low transformation capacity. These units have gained marginal industry penetration owing to the significant competitive influence from existing insulation units and low consumer apprehension. However effective cost structure, compact configuration, and insulating property are key factors driving the market growth.

North America Dry Type Transformer Industry, By Product

In the recent years, cast resin transformers have gained appreciable upsurge owing to their rapid technological enhancements and safe operational performance. The manufacturers have constantly been focusing towards efficient technological developments and expansion of product applications which in turn will augment the dry type transformer market.

North America Dry Type Transformer Industry, By Phase

Three-phase dry type transformers owing to their effective feasibility across large-capacity industrial establishments and utility-aided distribution networks hold the majority revenue share. However, the growing demand for high ampacity and power reliability across industrial processes will positively influence the industry landscape. In addition, the effective long-route network capacity coupled with lower line losses will enhance the market.

North America Dry Type Transformer Market, By Installation

Increasing space limitations on account of ongoing retrofitting & refurbishment of existing electric network will stimulate the indoor North America dry type transformer industry. The growing real estate industry in association to the exponential increase in public and private investments will enhance the product penetration. Infrastructure investments across the region have primarily been driven with majority of deals led by the renewable, power, and road sectors.

North America Dry Type Transformer Market, By Winding

Effective transformation & operational flexibility, when compared to its competitive counterparts have amplified the auto transformer dry type transformer market potential. Compact unit structure, sustainable costs, and higher efficiency are a few indispensable parameters, which will encourage the product adoption.

North America Dry Type Transformer Market, By Rating

> 30 MVA units in the recent years have gained escalation owing to the expansion of high-tension electric lines to curb losses accumulated from the long-route electrical supply. Minimal sagging losses, lesser use of materials, and efficient electricity supply are the few indispensable parameters which will positively influence the dry type transformer market.

North America Dry Type Transformer Industry, By Voltage

2.5 kV to 10 kV dry type transformer market is predicted to observe growth on account of its wide applications across power, infrastructure sectors and process industries. Ongoing integration of sustainable technologies across the residential peripherals along with rapid development of micro-grid infrastructure will positively influence the business outlook.

North America Dry Type Transformer Industry, By Mounting

Pole-mounted transformers have gained appreciable market penetration owing to large unit installations to cater to long-route electrical distribution. Distant load centers across regions with limited grid access provide immense potential for technological expansion which will further boost the North America market.

North America Dry Type Transformer Market, By Application

Increasing emphasis on the adoption of comprehensive frequency electric networks in line with rising concerns for energy efficiency will complement the industrial dry type transformer market size. Growing demand for high voltage infrastructure to endure rising demand for peak load will boost the product demand. Increasing fund allocation by the government and private organizations towards electrification programs will further complement the industry growth.

North America Dry Type Transformer Market, By End Use

Rising energy demand, expanding smart grid networks along with the increased investments toward retrofitting and modernization of the existing grid structure will augment the dry type transformer market growth. Rising investments & technological upgradation toward the integration of electricity generated from renewable sources into the grid will further complement the industry landscape.

GE, Schneider, Toshiba, CG, Siemens, Eaton, ABB, Pioneer Power, WEG, Rex Power, Olsun, MGM, Niagara Transformers, Hammond, Neeltran, Electric Power, Marcus, Atlas, Deemsa and Virginia & Georgia Transformers.

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