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U.S. Dry Type Transformer Market Size

Report ID: GMI6638
Published Date: Nov 2024
Report Format: PDF

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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.

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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 Report Attributes
Report Attribute	Details
Base Year:	2024
U.S. Dry Type Transformer Market Size in 2024:	USD 2.2 Billion
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	7.8%
2034 Value Projection:	USD 4.8 Billion
Historical Data for:	2021 – 2024
No. of Pages:	80
Tables, Charts & Figures:	20
Segments covered:	Core, Technology, Insulation, Product, Winding, Rating, Mounting, and Application
Growth Drivers:	Refurbishment demand for existing grid infrastructure Rising infrastructural spending
Pitfalls & Challenges:	High initial cost

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Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The U.S. market for dry type transformer was reached USD 2.2 billion in 2024 and is expected to grow at a 7.8% CAGR from 2025 to 2034, driven by the increasing demand for energy-efficient and eco-friendly transformers.

The U.S. dry type transformer market is projected to reach USD 4.8 billion by 2034, fueled by the refurbishment demand for existing grid infrastructure and rising infrastructural spending.

The industrial segment is expected to grow at a CAGR of more than 6.6% through 2034, led by the advancements in Industry 4.0 and the increasing need for reliable power distribution systems in automated plants.

Key players in the U.S. dry type transformer industry include 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, and WEG.