Emerging Economies Offer Lucrative Growth Opportunities for the Dry Type Transformer Market

Dry type transformers provide safety against fire and leakage, which reduces environmental and health concerns. Dry type transformers are gaining importance owing to their benefits over oil type transformers. They are moisture proof and have better impulse and short circuit strength. For instance, oil type transformers require regular sampling of oil and complex maintenance procedures, which increases their overall cost. Dry type transformers have wide applicability in domestic as well as industrial segments. Additionally, they are environmentally safe with high-level of fire protection security; besides, installation and maintenance costs are also low.

Asia-Pacific region accounted for the largest share of the Dry Type Transformer Market in 2015, owing to the high demand in the region, especially in developing nations such as China and India.  The rapid industrialization in Germany, and its increasing requirement in industrial application than commercial application is boosting the dry type transformer market growth. Asia-Pacific contributes ~45.0% share to the total dry type transformer market in 2015. Also, Asia-Pacific is expected to be the fastest growing market, at a CAGR of 6.9% from 2015 to 2020, considering its high demand in India and China.

In 2015, North America is a major market for vacuum pressure impregnated dry type transformers. Vacuum pressure impregnation process allows better penetration of varnish in the transformer coil. Cast resin technology segment accounted for a major market share in 2015. Cast resin dry type transformers are widely used in China, India, Japan and other developing countries of Asia-Pacifc. Jinpan International (China) is the largest manufacture of cast resin dry type transformer market.

Dry type Transformer Market Snapshot, 2015 (USD Million)

Dry Type Transformer Market

Major players in this market include Hammond Power Solution Inc. (Canada), ABB Ltd.(Switzerland), Siemens AG (Germany), General Electric (U.S.), Jinpan International Ltd.(China), ABB Ltd. (Switzerland), Schneider Electric (France), TBEA Transformer Industrial Group  (China), Eaton Corporation (Ireland), Crompton Graves Ltd. (India), and Voltamp Transformer Ltd.(India).

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