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Global Dry Type Transformer Market by Technology (Cast Resin, Vacuum Pressure Impregnated), by Phase (Single-phase, Three-phase), by Voltage (Low, Medium), by Application (Industrial, Commercial, Others), by Geography - Analysis & Forecast to 2020

  • Report Code: PO 1046
  • Publish Date: Jun 2015
  
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Transformers play a vital role in power transmission and distribution. Dry type transformer are those transformers where air is used as cooling and dielectric medium. These type of transformers have a unique core and coil design that is mounted on rubber isolation pads to reduce noise. These are manufactured through vacuum pressure impregnation in polyester or silicon varnish. Dry type transformers have wide applicability in domestic as well as industrial segments.

 

Dry type transformer have many advantages over oil type transformers. The major advantages of dry type transformer are safety, low maintenance and installation cost. For instance, oil type transformers need regular sampling of oil and complex maintenance procedures which increases their cost. The market is valued at $4.16 billion in the year 2014, and is expected to reach $5.38 billion by 2020. The global dry type transformer market is driven by the rise in the demand for energy and wide applicability across various industries. Currently, dry type transformers are gaining immense significance in the wind energy and oil & gas projects. Additionally, factors such as growing urbanization and industrialization globally are expected to create a huge market for dry type transformers.

 

The global market is dominated by Asia-Pacific, followed by North America and Europe. Asia-Pacific is the fastest-growing market for dry type transformer, due to increasing investments in development of transmission and distribution networks that increases the demand for dry type transformers in the region. Furthermore, energy efficiency standards in developed markets like Europe and the U.S., act as a favorable factor for the growth of the dry type transformers market in these regions. The industry is dominated by major players like Hammond Power Solutions Inc., Schneider Electric SA, Asea Brown Boveri (ABB Group), Crompton Greaves Ltd., Siemens AG, Jinpan International Ltd., and others.

 

The global dry type transformer market has been segmented by technology, phase, application, voltage, and geography. The technology includes cast resin and vacuum impregnated. The cast resin segment held the largest market share of 65.4% in 2015, and is valued at $2.7 billion. The market, based on phase, has been divided into single phase and three phase. Based on application, the market has been segmented into industrial, commercial, and others. Industrial is the largest application segment of the market, and was valued at $2.35 billion in 2015. The market has also been segmented based on voltage into low and medium. The segmentation of the market based on geography comprises Asia-Pacific, North America, Europe, and Rest of the World (RoW).



Table of Contents


1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Segmentation & Coverage
    1.3 Stakeholders


2 Research Methodology (Page No. - 17)
    2.1 Integrated Ecosystem Dry-Type Transformers Market
    2.2 Arriving at Global Dry Type Transformer  Market Size
           2.2.1 Top-Down Approach
           2.2.2 Bottom-Up Approach
           2.2.3 Demand Side Approach
           2.2.4 Macro Indicator-Based Approach
    2.3 Assumptions


3 Executive Summary (Page No. - 25)


4 Market Overview (Page No. - 27)
    4.1 Introduction
    4.2 Global Dry-Type Transformer Market: Comparison With Parent Market
    4.3 Market Drivers and Inhibitors
    4.4 Key Market Dynamics
    4.5 Demand Side Analysis
5 Dry-Type Transformers Market, By Technology (Page No. - 37)
    5.1 Introduction
    5.2 Global Dry-Type Transformers Market: Technology Comparison With Parent Market
    5.3 Global Cast Resin Dry Type Transformer  Market, By Geography
    5.4 Global Vacuum Pressure Impregnated Dry Type Transformer  Market, By Geography
6 Dry-Type Transformers Market, By Application (Page No. - 42)
    6.1 Introduction
    6.2 Global Dry-Type Transformers Market in Industrial Application, By Geography
    6.3 Global Dry-Type Transformers Market in Commercial Application, By Geography
    6.4 Global Dry-Type Transformers Market in Other Applications, By Geography
    6.5 Sneak View: Global Dry-Type Transformers Market, By Application
7 Dry-Type Transformers Market, By Phase (Page No. - 49)
    7.1 Introduction
    7.1 Global Dry-Type Transformers Market, By Phase
    7.2 Global Dry-Type Transformers Market: Phase Comparison With  Parent Market
    7.3 Global Three-Phase Dry-Type Transformers Market, By Geography
    7.4 Global Single-Phase Dry-Type Transformers Market, By Geography
8 Dry-Type Transformers Market, By Voltage (Page No. - 54)
    8.1 Introduction
    8.2 Global Dry-Type Transformers Market, By Voltage
    8.3 Global Dry-Type Transformers Market: Voltage Comparison With Parent Market
    8.4 Global Low Voltage Dry-Type Transformers Market, By Geography
    8.5 Global Medium Voltage Dry-Type Transformers Market, By Geography


9 Dry Type Transformer Market, By Geography (Page No. - 59)
    9.1 Introduction
    9.2 Asia–Pacific  Dry-Type Transformers Market
           9.2.1 Asia-Pacific Dry-Type Transformers Market, By Geography
           9.2.2 Asia-Pacific Dry-Type Transformers Market, By Technology
           9.2.3 Asia-Pacific Dry-Type Transformers Market, By Application
           9.2.4 Asia-Pacific Dry-Type Transformers Market, By Voltage
           9.2.5 Asia-Pacific Dry-Type Transformers Market, By Phase
    9.3 North America Dry-Type Transformers Market
           9.3.1 North America Dry-Type Transformers Market, By Geography
           9.3.2 North America Dry-Type Transformers Market, By Technology
           9.3.3 North America Dry-Type Transformers Market, By Application
           9.3.4 North America Dry-Type Transformers Market, By Voltage
           9.3.5 North America Dry-Type Transformers Market, By Phase
    9.4 Europe Dry-Type Transformers Market
           9.4.1 Europe Dry-Type Transformers Market, By Geography
           9.4.2 Europe Dry-Type Transformers Market, By Technology
           9.4.3 Europe Dry-Type Transformers Market, By Application
           9.4.4 Europe Dry-Type Transformers Market, By Voltage
           9.4.5 Europe Dry-Type Transformers Market, By Phase
    9.5 RoW Dry-Type Transformers Market
           9.5.1 RoW Dry-Type Transformers Market, By Geography
           9.5.2 RoW Dry-Type Transformers Market, By Technology
           9.5.3 RoW Dry-Type Transformers Market, By Application
           9.5.4 RoW Dry-Type Transformers Market, By Voltage
           9.5.5 RoW Dry-Type Transformers Market, By Phase


10 Global Dry Type Transformer Market: Competitive Landscape (Page No. - 95)
     10.1 Global Dry-Type Transformers Market: Company Share Analysis
     10.2 Company Presence in Dry-Type Transformers Market, By Technology
     10.3 Mergers & Acquisitions
     10.4 New Contracts
     10.5 New Product Launches
     10.6 Other Expansions


11 Global Dry Type Transformer Market,By Company (Page No. - 102)
     11.1 Hammond Power Solutions Inc.
             11.1.1 Overview
             11.1.2 Key Financials
             11.1.3 Product and Service Offerings
             11.1.4 Related Developments
             11.1.5 MMM View
     11.2 ABB Ltd.
             11.2.1 Overview
             11.2.2 Key Financials
             11.2.3 Product and Service Offerings
             11.2.4 Related Developments
             11.2.5 MMM View
     11.3 Eaton Corporation
             11.3.1 Overview
             11.3.2 Key Financials
             11.3.3 Product & Service Offerings
             11.3.4 Recent Developments
             11.3.5 MMM View
     11.4 Siemens AG
             11.4.1 Overview
             11.4.2 Key Financials
             11.4.3 Product & Service Offerings
             11.4.4 Related Developments
             11.4.5 MMM View
     11.5 Crompton Greaves Ltd.  
             11.5.1 Overview
             11.5.2 Key Financials
             11.5.3 Product & Service Offerings
             11.5.4 Related Developments
             11.5.5 MMM View
     11.6 Voltamp Transfomers Ltd
             11.6.1 Overview
             11.6.2 Key Financials
             11.6.3 Product & Service Offerings
             11.6.4 Recent Developments
             11.6.5 MMM View
     11.7 Schneider Electric Se
             11.7.1 Overview
             11.7.2 Key Financials
             11.7.3 Product & Service Offerings
             11.7.4 Related Developments
             11.7.5 MMM View
     11.8 Tbea Transformer Industrial Group
             11.8.1 Overview
             11.8.2 Key Financials
             11.8.3 Product & Service Offerings
             11.8.4 Related Developments
             11.8.5 MMM View
     11.9 Jinpan International Ltd.
             11.9.1 Overview
             11.9.2 Key Financials
             11.9.3 Product & Service Offerings
             11.9.4 Related Developments
             11.9.5 MMM View
     11.10 Bharat Heavy Electricals Ltd.
             11.10.1 Overview
             11.10.2 Key Financials
             11.10.3 Product & Service Offerings
             11.10.4 Related Developments
             11.10.5 MMM View
     11.11 General Electrical
             11.11.1 Overview
             11.11.2 Key Financials
             11.11.3 Product & Service Offerings
             11.11.4 Recent Developments
             11.11.5 MMM View


12 Appendix (Page No. - 143)
     12.1 Customization Options
             12.1.1 Products and Services Benchmarking Analysis
             12.1.2 Regulatory Framework
             12.1.3 Impact Analysis
             12.1.4 Current Industry Challenges
             12.1.5 Historical Data and Trends
             12.1.6 Dry-Type Transformers Market In-Depth Value Chain Analysis
     12.2 Related Reports
     12.3 Introducing RT: Real-Time Market Intelligence
             12.3.1 RT Snapshots

 

List of Tables (107 Tables)

 

Table 1 Global Dry Type Transformer Peer Market Size, 2014 (USD MN)
Table 2 Global Dry-Type Transformers Market, 2014 (USD MN)
Table 3 Global Dry-Type Transformers Market: Macro Indicator, 2014
Table 4 Global Dry-Type Transformers Market: Comparison With Parent Market, 2014 – 2020 (USD MN)
Table 5 Global Dry-Type Transformers Market: Drivers and Inhibitors
Table 6 Global Dry-Type Transformers Market, By Technology, 2014 - 2020 (USD MN)
Table 7 Global Dry-Type Transformers  Market, By Phase, 2014 - 2020 (USD MN)
Table 8 Global Dry-Type Transformers Market, By Voltage, 2014 - 2020 (USD MN)
Table 9 Global Dry-Type Transformers Market, By Application, 2014- 2020 (USD MN)
Table 10 Global Dry-Type Transformers Market, By Geography, 2014 - 2020 (USD MN)
Table 11 Global Dry-Type Transformers, By Geography, 2014-2020, Volume  (Mva)
Table 12 Global Dry-Type Transformers Market: Comparison With Application Market, 2014 - 2020 (USD MN)
Table 13 Global Dry-Type Transformers Market, By Technology,  2014 - 2020 (USD MN)
Table 14 Global Dry-Type Transformers Market: Technology Comparison With Distribution Transformer Market, 2014-2020 (USD MN)
Table 15 Global Cast Resin Dry-Type Transformers Market, By Geography, 2014–2020 (USD MN)
Table 16 Global Vacuum Pressure Impregnated Dry Type  Market, By Geography, 2014 - 2020 (USD MN)
Table 17 Global Dry-Type Transformers Market, By Application, 2014-2020 (USD MN)
Table 18 Global Dry-Type Transformers Market in Industrial Application, By Geography, 2014–2020 (USD MN)
Table 19 Global Dry-Type Transformers Market in Commercial Application, By Geography, 2014-2020 (USD MN)
Table 20 Global Dry-Type Transformers Market in Other Applications, By Geography,  2014 – 2020 (USD MN)
Table 21 Global Dry-Type Transformers Market, By Phase, 2014-2020 (USD MN)
Table 22 Global Dry-Type Transformers Market: Phase Comparison With Distribution Transformer Market, 2014-2020 (USD MN)
Table 23 Global Three-Phase Dry-Type Transformers Market, By Geography,  2014 - 2020 (USD MN)
Table 24 Global Single-Phase Dry-Type Transformers Market, By Geography,  2014-2020 (USD MN)
Table 25 Global Dry-Type Transformers Market, By Voltage, 2014-2020 (USD MN)
Table 26 Global Dry-Type Transformers Market: Voltage Comparison With Distribution Transformer Market, 2015 - 2020 (USD MN)
Table 27 Global Low Voltage Dry-Type Transformers Market, By Geography,  2014-2020 (USD MN)
Table 28 Global Medium Voltage Dry-Type Transformers Market, By Geography, 2014-2020 (USD MN)
Table 29 Global Dry-Type Transformers Market, By Geography, 2014-2020  (USD MN)
Table 30 Global Dry-Type Transformers Market, By Geography, 2014-2020  (000’ MVA)
Table 31 Asia-Pacific Dry-Type Transformers Market, By Geography, 2014-2020 (USD MN)
Table 32 Asia-Pacific Dry-Type Transformers Market, By Geography, 2014-2020 (000’ MVA)
Table 33 Asia-Pacific Dry-Type Transformers Market, By Technology, 2014-2020 (USD MN)
Table 34 Asia-Pacific Dry-Type Transformers Market, By Application, 2014-2020 (USD MN) 66
Table 35 Asia-Pacific Dry-Type Transformers Market, By Voltage, 2014-2020 (USD MN)
Table 36 Asia-Pacific Dry-Type Transformers Market, By Phase, 2014-2020 (USD MN) 69
Table 37 North America Dry-Type Transformers Market, By Geography, 2014-2020 (USD MN)
Table 38 North America Dry-Type Transformers Market, By Geography, 2014-2020 (000’ MVA)  
Table 39 North America Dry-Type Transformers Market, By Technology, 2014-2020 (USD MN)
Table 40 North America  Dry-Type Transformers Market, By Application, 2014-2020 (USD MN)
Table 41 North America Dry-Type Transformers Market, By Voltage, 2014-2020 (USD MN)
Table 42 North America Dry-Type Transformers Market, By Phase, 2014-2020 (USD MN)
Table 43 Europe Dry-Type Transformers Market, By Geography, 2014-2020 (USD MN)
Table 44 Europe Dry-Type Transformers Market, By Geography, 2014-2020 (000’ MVA)
Table 45 Europe Dry-Type Transformers Market, By Technology, 2014-2020 (USD MN)
Table 46 Europe Dry-Type Transformers Market, By Application, 2014-2020 (USD MN)
Table 47 Europe Dry-Type Transformers Market, By Voltage, 2014-2020 (USD MN)
Table 48 Europe Dry-Type Transformers Market, By Phase, 2014-2020 (USD MN)
Table 49 RoW Dry-Type Transformers Market, By Geography, 2014-2020 (USD MN)
Table 50 RoW Dry-Type Transformers Market, By Geography, 2014-2020 (000’ MVA)
Table 51 RoW Dry-Type Transformers Market, By Technology, 2014-2020 (USD MN)
Table 52 RoW Dry-Type Transformers Market, By Application, 2014-2020 (USD MN)
Table 53 RoW Dry-Type Transformers Market, By Voltage, 2014-2020 (USD MN)
Table 54 RoW Dry-Type Transformers Market, By Phase, 2014-2020 (USD MN)
Table 55 Global Dry-Type Transformers Market: Company Share Analysis, 2014 (%)
Table 56 Global Dry-Type Transformers: Mergers & Acquisitions
Table 57 Global Dry-Type Transformers Market: New Contracts
Table 58 Dry-Type Transforner Market: New Product Launches
Table 59 Global Dry-Type Transformers Market: Other Expansions
Table 60 Hammond Power Solutions Inc.: Key Financials , 2010-2014 (USD MN)
Table 61 Hammond Power Solutions Inc.: Revenue By Geography, 2010-2014 (USD MN)
Table 62 Product and Service Offerings
Table 63 Related Developments
Table 64 ABB Ltd.: Key Financials, 2010-2014 (USD MN)
Table 65 ABB Ltd.: Revenue By Geography, 2010-2014 (USD MN)
Table 66 ABB Ltd.: Revenue By Business Segment, 2010-2014 (USD MN)
Table 67 Product and Service Offerings
Table 68 Related Developments
Table 69 Eaton Corporation: Key Financials, 2010-2014 (USD MN)
Table 70 Eaton Corporation: Revenue By Business Segment, 2010-2014 (USD MN)
Table 71 Eaton Corporation: Revenue By Geography, 2010-2014 (USD MN)
Table 72 Product & Service Offerings
Table 73 Recent Developments
Table 74 Siemens Ag.: Key Financials, 2009-2014 (USD MN)
Table 75 Siemens Ag: Revenue By Geography, 2009-2014 (USD MN)
Table 76 Siemens Ag: Revenue By Business Segment, 2009 - 2014 (USD MN)
Table 77 Product & Service Offerings
Table 78 Related Developments
Table 79 Crompton Greaves Ltd.: Key Financials, 2010-2014 (USD MN)
Table 80 Crompton Greaves Ltd.: Revenue By Business Segment, 2010-2014 (USD MN)
Table 81 Crompton Greaves Ltd.: By Geography, 2010-2014 (USD MN)
Table 82 Product & Service Offerings
Table 83 Related Developments
Table 84 Voltamp Transformers Ltd.: Key Financials, 2010-2014 (USD MN)
Table 85 Product & Service Offerings
Table 86 Schneider Electric Se: Key Financials, 2010-2014 (USD MN)
Table 87 Schneider Electric Se: Revenue By Geography, 2010-2014 (USD MN)
Table 88 Schneider Electric Se: Revenue By Business Segment, 2010-2014 (USD MN)
Table 89 Product & Service Offerings
Table 90 Related Developments
Table 91 Tbea Transformer Industrial Group: Key Financials, 2010-2014 (USD MN)
Table 92 Product & Service Offerings
Table 93 Related Developments
Table 94 Jinpan International Ltd.: Key Financials, 2010-2014 (USD MN)
Table 95 Jinpan International Ltd.: Revenue By Geography, 2010-2014 (USD MN)
Table 96 Product & Service Offerings
Table 97 Related Developments
Table 98 Bharat Heavy Electricals Ltd.:  Key Financials, 2010-2014 (USD MN)
Table 99 Bharat Heavy Electricals Ltd.: Revenue By Business Segment, 2010-2014 (USD MN)
Table 100 Bharat Heavy Electricals Ltd.: Revenue By Geography, 2014-2019 (USD MN)
Table 101 Product & Service Offerings
Table 102 Related Developments
Table 103 General Electric: Key Financials, 2010-2014 (USD MN)
Table 104 General Electric: Revenue By Business Segment, 2010-2014 (USD MN)
Table 105 General Electric: Revenue By Geography, 2010-2014 (USD MN)
Table 106 Product & Service Offerings
Table 107 Recent Developments

 

List of Figures (91 Figures)

 

Figure 1 Global Dry-Type Transformers Market: Segmentation & Coverage
Figure 2 Dry-Type Transformers Market: Integrated Ecosystem
Figure 3 Research Methodology
Figure 4 Top-Down Approach
Figure 5 Bottom-Up Approach
Figure 6 Demand Side Approach
Figure 7 Macro Indicator-Based Approach, 2014
Figure 8 Global Dry-Type Transformers Market Snapshot
Figure 9 Global Dry-Type Transformers Market: Growth Aspects
Figure 10 Global Dry-Type Transformers Market: Comparison With Parent Market
Figure 11 Global Dry-Type Transformers Market, By Technology, 2014 (USD MN)
Figure 12 Global Dry-Type Transformers Market, By Phase, 2014 (USD MN)
Figure 13 Global Dry-Type Transformers Market, By Voltage, 2014 (USD MN)
Figure 14 Global Dry-Type Transformers Market, By Application, 2015 & 2020 (USD MN)
Figure 15 Global Dry-Type Transformers Market: Growth Analysis, By Geography, 2015-2020 (%)
Figure 16 Demand Side Analysis
Figure 17 Global Dry-Type Transformers Market, By Technology, 2015 & 2020 (USD MN)
Figure 18 Global Dry-Type Transformers Market: Technology Comparison With Distribution Transformer Market, 2014–2020 (USD MN)
Figure 19 Global Cast Resin Dry-Type Transformers Market, By Geography, 2014–2020 (USD MN)
Figure 20 Global Vacuum Pressure Impregnated Dry-Type Transformers Market, By Geography, 2014-2020 (USD MN)
Figure 21 Global Dry-Type Transformers Market: Application Market Scenario
Figure 22 Global Dry-Type Transformers Market, By Application, 2015 &2020 (USD MN)
Figure 23 Global Dry-Type Transformers Market in Industrial Application , By Geography, 2014-2020 (USD MN)
Figure 24 Global Dry-Type Transformers Market in Commercial Application, By Geography, 2014 - 2020 (USD MN)
Figure 25 Global Dry-Type Transformers Market in Other Applications, By Geography, 2014-2020 (USD MN)
Figure 26 Sneak View: Global Dry-Type Transformers Market, 2015 & 2020 (USD MN)
Figure 27 Global Dry-Type Transformers Market, By Phase , 2015 & 2020 (USD MN)
Figure 28 Global Dry-Type Transformers Market: Phase Comparison With Distribution Transformer Market, 2014–2020 (USD MN)
Figure 29 Global Three-Phase Dry-Type Transformers Market, By Geography, 2015 - 2020 (USD MN)
Figure 30 Global Single-Phase Dry-Type Transformers Market, By Geography, 2015 - 2020 (USD MN)
Figure 31 Global Dry-Type Transformers Market, By Voltage , 2015 & 2020 (USD MN)
Figure 32 Global Dry-Type Transformers Market: Voltage Comparison With Distribution Transformer Market, 2014–2020 (USD MN)
Figure 33 Global Low Voltage Dry-Type Transformers Market, By Geography, 2014-2020 (USD MN)
Figure 34 Global Medium Voltage Dry-Type Transformers Market, By Geography, 2014-2020 (USD MN)
Figure 35 Global Dry-Type Transformers Market: Growth Analysis, By Geography, 2014-2020 (USD MN)
Figure 36 Global Dry-Type Transformers Market: Growth Analysis, By Geography, 2014-2020 (000’ MVA)
Figure 37 Asia-Pacific Dry-Type Transformers Market Overview, 2015 & 2020 (%)
Figure 38 Asia-Pacific  Dry-Type Transformers Market, By Geography, 2014-2020 (USD MN)
Figure 39 Asia-Pacific Dry-Type Transformers Market: Geography Snapshot, 2015-2020 (USD MN)
Figure 40 Asia-Pacific Dry-Type Transformers Market: By Technology, 2014-2020 (USD MN)
Figure 41 Asia-Pacific Dry-Type Transformers Market, By Technology, 2015 & 2020 (%)
Figure 42 Asia-Pacific Dry-Type Transformers Market, By Application, 2014-2020
Figure 43 Asia-Pacific Dry-Type Transformers Market, By Application, 2015 & 2020 (%)
Figure 44 Asia-Pacific  Dry-Type Transformers Market, By Voltage, 2014-2020
Figure 45 Asia-Pacific Dry-Type Transformer Market, By Voltage, 2015 & 2020 (%)
Figure 46 Asia-Pacific  Dry-Type Transformer Market, By Phase, 2014-2020 (USD MN)
Figure 47 Asia-Pacific Dry-Type Transformer Market, By Phase, 2015-2020 (%)
Figure 48 North America Dry-Type Transformer Market, Overview, 2015 & 2020 (%)
Figure 49 North America Dry-Type Transformer Market, By Geography, 2014-2020 (USD MN)
Figure 50 North America Dry-Type Transformer  Market: Geography Snapshot, 2015 & 2020 (USD MN)
Figure 51 North America Dry-Type Transformer Market, By Technology, 2014-2020 (USD MN)
Figure 52 North America Dry-Type Transformer Market, By Technology, 2015 & 2020 (%)
Figure 53 North America Dry-Type Transformer Market, By Application, 2014-2020 (USD MN)
Figure 54 North America Dry-Type Transformer Market, By Application, 2015 & 2020 (%)
Figure 55 North America  Dry-Type Transformer Market, By Voltage, 2014-2020 (USD MN)
Figure 56 North America Dry-Type Transformer Market, By Voltage, 2015 & 2020 (%)
Figure 57 North America Dry-Type Transformer Market, By Phase, 2014-2020 (USD MN)
Figure 58 North America Dry-Type Transformer Market, By Phase, 2015 & 2020 (%)
Figure 59 Europe Dry-Type Transformer Market, Overview, 2015 & 2020
Figure 60 Europe Dry-Type Transformer Market, By Geography, 2014-2020 (USD MN)
Figure 61 Europe Dry-Type Market: Country Snapshot, 2015 & 2020 (USD MN)
Figure 62 Europe Dry-Type Transformer Market, By Technology, 2014-2020 (USD MN)
Figure 63 Europe Dry-Type Transformer Market, By Technology, 2014 & 2020 (%)
Figure 64 Europe Dry-Type Transformer Market, By Application, 2014-2020 (USD MN)
Figure 65 Europe Dry-Type Transformer Market, By Application, 2015 & 2020(%)
Figure 66 Europe Dry-Type Transformer Market, By Voltage, 2014-2020 (USD MN)
Figure 67 Europe Dry-Type Transformer Market, By Voltage, 2015 & 2020 (%)
Figure 68 Europe Dry-Type Transformer Market, By Phase, 2014-2020 (USD MN)
Figure 69 Europe Dry-Type Transformer Market, By Phase, 2015 & 2020 (%)
Figure 70 RoW Dry-Type Transformer Market, Overview, 2015 & 2020 (%)
Figure 71 RoW Dry-Type Transformer Market, By Geography, 2014-2020 (USD MN)
Figure 72 RoW Dry Type Market: Country Snapshot, 2014 & 2019 (USD MN)
Figure 73 RoW Dry-Type Transformers Market, By Technology, 2014-2020 (USD MN)
Figure 74 RoW Dry-Type Transformers Market, By Technology, 2014 & 2020 (%)
Figure 75 RoW Dry-Type Transformers Market, By Application, 2014-2020
Figure 76 RoW Dry-Type Transformers Market, By Application, 2015 & 2020 (%)
Figure 77 RoW Dry-Type Transformers Market, By Voltage, 2014-2020 (USD MN)
Figure 78 RoW Dry-Type Transformers Market, By Voltage, 2015 & 2020 (%)
Figure 79 RoW Dry-Type Transformers Market, By Phase, 2014-2020 (USD MN)
Figure 80 RoW Dry-Type Transformers Market, By Phase, 2015 & 2020 (%)
Figure 81 Global Dry-Type Transformers Market: Company Share Analysis, 2014 (%)
Figure 82 Global Dry-Type Transformers Market: Company Product Coverage, By Technology, 2014
Figure 83 Hammond Power Solutions Inc.: Revenue Mix, 2014 (%)
Figure 84 ABB Ltd.: Revenue Mix, 2014 (%)
Figure 85 Eaton Corporation: Revenue Mix, 2014 (%)
Figure 86 Siemens Ag: Revenue Mix, 2014 (%)
Figure 87 Crompton Greaves Ltd.: Revenue Mix, 2014 (%)
Figure 88 Schneider Electric Se: Revenue Mix, 2014 (%)
Figure 89 Jinpan International Ltd.: Revenue Mix, 2014 (%)
Figure 90 Bharat Heavy Electricals: Revenue Mix, 2014 (%)
Figure 91 General Electric: Revenue Mix, 2014 (%)

This report estimates the global dry-type transformer market in terms of technology, phase, application, voltage, and geography. This segmentation provides a comprehensive view in understanding the market opportunities and barriers. On the basis of technology, the market has been segmented into cast resin and vacuum pressure impregnation. China and India contributed a major share to this segment. However, vacuum pressure impregnated is projected to be the faster-growing segment during the forecast period 2015 to 2020.

 

Based on phase, the dry-type transformer market has been categorized into three phase and single phase. Globally, most of the transmission lines of an electric power system are in high-voltage three-phase alternating current. The industrial application, which is a prominent application of dry type transformers, requires electricity in three phase, while single phase supply is needed mostly in secondary application in bigger machineries, which explains the dominance of the three phase segment in the global market. Low voltage dry type transformer segment dominated the global dry-type transformer market segmented by voltage. Low voltage transformer contributed share of around 73.6% to the global market in 2014. They are mostly used in distribution networks and manufacturing & processing industries.

 

The global dry-type transformer market was valued at $4.16 billion in 2015, and is projected to grow at a CAGR of 5.3% from 2015 and 2020 to reach $5.38 billion by 2020. Asia-Pacific is the fastest-growing market globally, and accounted for a share of 45.2% in 2015. China contributed the largest share of 46.2% to the Asia-Pacific dry-type transformer market in 2014, and is expected to reach $1.19 billion by 2020, at a CAGR of 6.9% from 2015 to 2020.

 

As the environmental and safety concerns are minimized with application of dry type transformer, the market for this type of transformers is anticipated to witness high growth in the near future. Additionally, a large number of upcoming renewable energy and grid up-gradation projects are expected to drive the growth of the market. The industrial application segment for dry type transformer is expected to grow at a CAGR of 5.5% from 2015 to 2020. The major drivers for this market are the rise in demand from emerging economies like India and China and the increase in number of grid restructuring & expansion and smart grid projects. RoW countries, such as Iran, Saudi Arabia were investing heavily in the expansion and restructuring of power and distribution grid, which is expected to drive the growth of the dry type transformers market in this region.

 

ABB, Hammond Power Solutions Inc., Jinpan International Ltd, Siemens AG are the major player in the market. They accounted for about 43.8% of the global dry type transformers market in 2014. Acquisitions and new product launches are the strategies used by these players to achieve growth in the global dry-type transformer market. Acquisition of Trasfor group by ABB is one of the examples of such high profile merger. BHEL launched a new phase shifting transformer. This transformer is designed for various power industries like SEB (Société d'Emboutissage de Bourgogne), NTPC (National Thermal Power Corporation), PowerGrid, and others. TBEA Transformer Industrial Group, as part of their expansion strategy, is expected to invest $100.0 million dollars for the establishment of a production facility in Vadodara, India. This production facility will benefit the company in increasing their presence in the South Asian markets

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