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Dry Type Distribution Transformer Market Share

Report ID: GMI6234
Published Date: Jul 2023
Report Format: PDF

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Dry Type Distribution Transformer Market Share

Some of the key market players operating across the dry type distribution transformer market are

ABB
GE
Eaton
Schneider Electric
Siemens Energy
Hitachi Energy Ltd.
CG Power & Industrial Solutions Ltd.
Toshiba Energy Systems & Solutions Corporation
Bharat Heavy Electricals Limited (BHEL)
Raychem RPG Private Limited, Instrument Transformer Equipment Corporation, Inc.
Fuji Electric Co., Ltd.
WEG
URJA Techniques
TMC Transformers S.P.A.
SGB SMIT.

Major manufacturers across Asia Pacific, the U.S., and the Middle East & Africa are inclined toward mergers & acquisitions, strategic collaborations, partnerships, and joint ventures to further gain a competitive advantage in the market.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

Global market for dry type distribution transformer was worth USD 9.4 billion in 2023 and is estimated to exhibit a 10% CAGR between 2024 and 2032, owing to stringent safety and environmental regulations and the increasing inclination of industries toward sustainable and eco-friendly solutions.

The shell core segment was valued at over USD 3 billion in 2022, attributed to their improved efficiencies and cost-effectiveness compared to traditional closed-core units.

The utility segment amassed over 45% of the dry type distribution transformer market share in 2022, owing to the escalating renewable energy projects and rapid transition toward environmentally friendly solutions.

Asia Pacific dry type distribution transformer industry could expand at over 8.5% CAGR between 2023 and 2032 due to increasing energy demand and the subsequent expansion of the power infrastructure in the region.