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Dry Type Transformer Market Share

Report ID: GMI2235
Published Date: Mar 2023
Report Format: PDF

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Dry Type Transformer Market Share

Some of the prominent players functioning in the dry type transformer market include

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

These companies are focusing on business footprint expansion to reinforce their market presence.

For instance, in October 2022, WEG announced the supply of its encapsulated dry-type transformer with 2.5 MVA output capacity to data center facilities in Chile. The supply of this transformer, equipped with a 24/1.1kV voltage class of protection enclosure box, enabled the company to increase its footprint in the industry.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of dry type transformer crossed USD 15.5 billion in 2023 and will exhibit more than 8.9% gains through 2032, owing to the rising emphasis on grid modernization and electrification.

The vacuum pressure impregnated product segment will surpass USD 13 billion by 2032, due to the emphasis on aging power grid replacement.

The Europe market is anticipated to depict over 9% CAGR from 2023 to 2032, on account of the surging electricity demand and renewable energy integration.

Some of the key players functioning in the global industry are WEG, Fuji Electric Co., Ltd., Raychem RPG Private Limited, Toshiba Energy Systems & Solutions Corporation, Hitachi Energy Ltd., Schneider Electric, Eaton, and ABB, among others.