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At 6.9% CAGR, North America Dry Type Transformer Market size to hit $1.5bn by 2025

Author : Rahul Sankrityayan | Published Date : 2019-08-12 

Global Market Insights recently added a detailed North America Dry Type Transformer Market research study across the global, regional and country level. The report provides 360° analysis from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global market and estimates the future trend of the industry based on this detailed study. 

North America Dry Type Transformer Market will reach over USD 1.5 billion by 2025. Ongoing technological enhancements coupled with increasing focus to replace the conventional insulation systems will boost the dry type transformer market growth.

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Extensive ability to exhibit superior performance in harsh environmental conditions along with the ability to eliminate the possibility of leakages and spills will stimulate the product adoption. Moreover, high resistivity to short circuit and abrupt current surge events aligned with operational security & safety across indoor applications will propel the industry outlook.

Shell core transformer market is anticipated to surpass an annual installation of 5'000 units by 2025. Improved system efficiencies along with cost effective operations in comparison to its counterparts will enhance the industry growth. In addition, integration of smart monitoring technologies coupled with high end product versatility will stimulate the product demand.

Pole-mounted dry type transformer market will gain an appreciable momentum owing to large unit installations to provide long-distance power distribution. Enormous potential for technological expansion owing to limited grid access of distant load centers in the region will further drive the industry growth.

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Self-air transformers will exhibit substantial growth on account of improved cooling properties along with enhanced compatibility across high voltage applications, as compared to its counterparts. Ease of installation along with optimal cooling strength are some of the prominent parameters that will further propel the dry type transformer market growth. However, health & fire hazards, leakage associated with these transformers may impede their adoption.

Class A & B transformers will witness extensive applicability across electrical networks with relatively lower transformation capacity and limited peak demand. The products have gained moderate industry penetration on account of lower consumer apprehension along with substantial competitive influence. However, compact configuration, improved insulation property and cost efficiency are some of the vital factors that will instigate a positive business scenario.

Reliable operational performance along with rapid technological improvements in the existing product will drive the cast resin dry type transformers market. Increasing focus of product manufacturers toward extending product applications and efficient technological developments will complement the industry outlook.

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Accelerated investments toward the advancement of long-route electricity networks across U.S., Canada and Mexico will drive the dry type transformer market. For instance, in 2017, the U.S. government has planned to invest USD 10 billion for the development of new power distribution systems to considerably alleviate the curtailment rate of Western transmission networks.

Prominent players across North America dry type transformer market includes GE, Toshiba, ABB, Schneider, Siemens, WEG, Eaton, Power, Pioneer, Rex Power, Olsun, MGM, Niagara Transformers, Hammond, CG, Neeltran, Marcus, Virginia & Georgia Transformers, Atlas Deemsa and Electric Power amongst others.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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