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Dry Type Distribution Transformer Market Trends

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

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Dry Type Distribution Transformer Market Trends

The electricity industry exhibits a wide range of prospects worldwide, influenced by factors such as operational areas, network characteristics, customer base, and ownership structure. Tariff and revenue models are designed to reflect this diversity, allowing for effective comparisons among different entities. Despite this diversity, Distribution System Operators (DSOs) and Transmission System Operators (TSOs) generally strive to provide high-quality and reliable electricity supply to their customers. The transition to renewable energy sources and the proliferation of distributed energy resources requires careful management and adaptation of the electricity infrastructure.

Ongoing investments are being made in distribution networks, including the deployment of smart meters and the implementation of smart grid technologies. These advancements help enhance the efficiency, flexibility, and resilience of the networks while replacing aging infrastructure. The focus is on maintaining a high quality of service, meeting the demands of the evolving energy landscape, and supporting the transition to a more sustainable and decentralized electricity system.

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.