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U.S. Dry Type Transformer Market Trends

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

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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.

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.