U.S. Dry Type Transformer Market Size - By Core, By Technology, by Insulation, By Product, By Winding, By Rating, By Mounting, By Application Analysis, Share, Growth Forecast 2025 – 2034

U.S. Dry Type Transformer Market Size

U.S. Dry Type Transformer Market was valued at USD 2.2 billion in 2024 and is expected to witness more than 7.8% CAGR between 2025 and 2034. Dry-type transformers are gaining popularity for their energy efficiency, lower costs, and eco-friendly features. They use air for cooling instead of oil, reducing environmental risks. As sustainability becomes a priority, demand for these transformers is likely to grow. Dry-type transformers are gaining popularity in urban areas, especially for indoor commercial use. Their enhanced safety features and lower fire risk make them ideal for densely populated spaces like offices, hospitals, and malls, where fire safety and easy maintenance are crucial.
 

Dry-type transformers are becoming more compact and modular to meet the need for space-efficient solutions. Their easy installation and maintenance make them ideal for tight spaces like urban substations, data centers, and industrial sites. The growth of renewable energy sources is driving demand for transformers that can handle variable loads and integrate with the power grid. Dry-type transformers are popular in renewable energy systems due to their low maintenance and ability to operate in harsh environments without oil leak risks.
 

U.S. Dry Type Transformer Market Trends

Manufacturing, mining, and food processing industries increasingly use dry-type transformers. These offer reliable power and need less upkeep than oil-filled types, suiting industries that need high operational uptime. Dry-type transformers are improving through advances in materials, especially insulation and cooling systems. Better insulation, like resin and cast coils, allows these transformers to handle higher loads and work more efficiently at lower temperatures. This leads to longer lifespans and better reliability.
 

Stricter safety regulations in the electrical equipment market are driving demand for dry-type transformers. These transformers offer lower fire risks compared to oil-filled models, making them preferred in sensitive locations like hospitals, airports, and high-rises. This shift aligns with growing emphasis on fire safety and environmental protection. Digitalization and automation are changing the U.S. transformer market. Smart dry-type transformers with sensors and IoT features are becoming more common. These transformers offer real-time monitoring and predictive maintenance, helping utilities and industries reduce downtime and extend equipment life.
 

U.S. Dry Type Transformer Market Analysis

The industrial segment expected to grow at a CAGR of more than 6.6% through 2034. As industry 4.0 advances and industrial automation grows, the need for reliable power distribution systems increases. Dry-type transformers are becoming more common in automated plants, delivering stable power to sensitive equipment like robots and sensors. Their low upkeep needs, and dependability make them ideal for these demanding settings. The rise of renewable energy in industry is boosting dry-type transformer use. These transformers handle the varying power loads from solar, wind, and biomass systems well. Industries adopting renewable energy find dry-type transformers reliable and easier to maintain.
 

U.S. dry type transformer market is projected to surpass USD 1.9 billion by 2034. Closed-core dry-type transformers excel in tight spaces due to their compact design and efficiency. Their growing use in urban and commercial settings like high-rises, data centers, and industrial sites stems from their small size and effective heat management. These features make them ideal for challenging environments with limited space. Closed-core dry-type transformers are gaining popularity due to their energy-efficient design. These transformers use advanced insulation materials like epoxy resin, reducing energy losses and boosting efficiency. Stricter energy rules and the push for greener electrical systems are driving this trend.
 

U.S. Dry Type Transformer Market Share

ABB is a leading player in the U.S. dry-type transformer industry, offering a wide range of electrical equipment, including both standard and customized solutions. With a strong presence in the electrical sector, ABB consistently provides specialized bushing solutions designed to meet the varying needs of different applications.
 

U.S. Dry Type Transformer Market Companies

Some of the major key players operating across the U.S. dry type transformer industry are:

• ABB
• CG Power and Industrial Solutions
• Eaton
• Fuji Electric
• General Electric
• Hitachi Energy
• Instrument Transformer Equipment Corporation
• Raychem RPG
• Schneider Electric
• Siemens Energy
• Toshiba Energy Systems and Solutions
• WEG
   

U.S. Dry Type Transformer Industry News

• In April 2024, Siemens Energy has introduced its new CAREPOLE, a dry-type, pole-mounted transformer designed for single-phase applications. It offers power ratings ranging from 10 kVA to 100 kVA and supports voltage levels up to 36 kV. This innovative transformer is built to deliver a longer lifespan, improved environmental sustainability, and reduced outages, presenting a viable alternative to traditional oil-filled transformers.
   

This U.S. dry type transformer market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume & revenue in ‘000 Units & USD Million from 2021 to 2034, for the following segments:

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Market, By Core

• Closed
• Shell
• Berry

Market, By Technology

• Self Air
• Air Blast

Market, By Insulation

• Class R
• Class H
• Class F
• Class B
• Class A

Market, By Product

• Open Wound
• Cast Resin
• Vacuum Pressure Impregnated
• Vacuum Pressure Encapsulated

Market, By Winding

• Two Winding
• Auto Transformer

Market, By Rating

• ≤ 5 MVA
• > 5 MVA to ≤ 30 MVA
• > 30 MVA

Market, By Mounting

• Pad
• Pole
• Others

Market, By Application

• Industries
• Inner-City Substations
• Indoor/Underground Substations
• Renewable Generation
• Others