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North America Dry Type Transformer Market Outlook 2026: Top Companies, Trends, Growth Factors Details by Regions

Author : Ronak Bora | Published Date : 2020-12-24 

The North America dry type transformer market is set to expand at an exponential pace between 2020 and 2026, thanks to the compliance-driven need for the revamping of the already installed electrical systems.  Transformers have been and will continue to remain fundamental for the functioning of electrical infrastructure. Unlike oil type transformers, dry type transformers do not require cooling since their windings are enclosed in epoxy resin, rendering them useful for indoor as well as outdoor applications.

Several regulatory policies and rules aiming at greenhouse gas emission reduction are in effect across Canada and the US. The governments of these nations have been promoting the utilization of dry type transformers with higher energy efficiency with a view to minimize carbon emissions. The implementation of the US Department of Energy (DOE) energy efficiency standards can lead to a reduction of around 264.7 million MT of carbon emissions that are equivalent to the yearly greenhouse gas emissions of nearly 51.75% million automobiles.

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Moreover, the benefit of long-term cost savings that accompanies the adoption of superior efficiency dry type transformers can potentially be translated to lower cooling costs and considerably lower energy usage. The US amendment also predicts that from 2016, adherence to the rule can effectuate total cost reduction of about $12.9 billion to both residential and commercial consumers, triggering the North America dry type transformer market share over the upcoming years.

Despite the shift in demand for energy from commercial to residential sector, and from public to private transport facilities in the times of COVID-19, the focus on renewable energy is likely to return as the situation stabilizes. Dry type transformers are ideal solutions for renewable power applications such as solar power generation which necessitates power generation from 0% to 100% through a transformer on a day-to-day basis. As dry type transformers involve an insulation of an epoxy or a cast resin material instead of oil, they can efficiently handle the extreme temperature fluctuations, pushing the North America dry type transformer market growth forward.

The auto-transformer industry segment is projected to soar during the forthcoming times. The more effective transformation along with higher operational flexibility offered by dry type transformers as compared with available alternatives is pushing the demand for these components. Moreover, dry type transformers are cost-efficient and often come in a compact size. These are ideal parameters for deployment across the auto-transformer industry, supporting the North America dry type transformer market outlook.

Shell type transformers are utilized in numerous industrial equipment and components. These transformers have been garnering substantial popularity since they entail low costs, low consumption materials, and occupy minimal space. Furthermore, the cost of maintenance is relatively less when compared to the core type transformers.

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Several manufacturers have been offering improved unit productivity in their range of products, boosting the overall North America dry type transformer market size. Additionally, the integration of smart technologies for operations such as monitoring can also be a growth factor influencing the North America dry type transformer market dynamics.   

Enhancement of energy efficiency is a primary goal of several manufacturers, and consumers have been replacing their existing transformers with highly efficient, cost-saving dry type transformers across commercial, industrial, and residential sectors.

Table of Contents (ToC) of the report:

Chapter 4   North America Dry Type Transformer Market Share, By Core (Units) (USD)

4.1    North America Dry Type Transformer industry share by core, 2019 & 2026

4.2    Closed

4.2.1    Market estimates and forecast, 2015 – 2026

4.2.2    Market estimates and forecast, by country, 2015 – 2026

4.3    Shell

4.3.1    Market estimates and forecast, 2015 – 2026

4.3.2    Market estimates and forecast, by country, 2015 – 2026

4.4    Berry

4.4.1    Market estimates and forecast, 2015 – 2026

4.4.2    Market estimates and forecast, by country, 2015 – 2026

Chapter 5   North America Dry Type Transformer Market Size, By Technology (Units) (USD)

5.1    North America Dry Type Transformer industry share by technology, 2019 & 2026

5.2    Self-Air

5.2.1    Market estimates and forecast, 2015 – 2026

5.2.2    Market estimates and forecast, by country, 2015 – 2026

5.3    Air-Blast

5.3.1    Market estimates and forecast, 2015 – 2026

5.3.2    Market estimates and forecast, by country, 2015 – 2026

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1488/north-america-dry-type-transformer-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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