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The market is categorized by core into closed, shell and berry. The closed segment is projected to surpass USD 9.2 billion by 2034. One of the primary drivers of the closed dry-type transformer market is the growing focus on safety and environmental concerns. These transformers are designed with robust insulation and protection systems, ensuring minimal risk of fire, oil leakage, or environmental damage.
In densely populated areas where safety is a top priority, such as commercial buildings, hospitals, and public infrastructure projects, closed dry-type transformers are preferred over traditional oil-filled transformers. Their sealed construction prevents any exposure to hazardous materials, making them more suitable for applications in urban areas where space is limited, and fire regulations are stringent.
The Asia Pacific dry type transformer market is segmented by application into industries, inner-city substations, indoor/underground substations, renewable generation, and others. The industries segment is projected to grow at a CAGR of 8.5% through 2034, due to the increasing demand for energy-efficient and environmentally friendly power distribution solutions, advancements in transformer technology, and rising industrialization in the region. Closed dry-type transformers, which are fully enclosed in a sealed casing to prevent contamination and environmental damage, are becoming increasingly popular in urban and industrial applications.
China dry type transformer market is envisioned to surpass USD 5.1 billion by 2034. One of the primary factors driving the demand for dry-type transformers in China is the increasing focus on energy efficiency and environmental sustainability. China’s push toward greener energy systems, coupled with its commitment to reducing carbon emissions, has led to the adoption of more energy-efficient power distribution systems.
Dry-type transformers are favoured for their reduced environmental impact, as they do not use oil for cooling, making them safer in urban areas with high population density. Their ability to meet international energy efficiency standards further boosts their appeal as the country strives to modernize its energy infrastructure.