[Market Report] Global Market for Dry-Type Transformers
Report ID: AA1223951
The global market for dry-type transformers is expected to more than double, reaching 27 billion dollars by 2031.
The global dry transformer market, which recorded sales of 12.37 billion USD in 2022, is projected to reach approximately 27 billion USD by 2031, indicating significant growth. This growth is progressing at a compound annual growth rate (CAGR) of 9.1% from 2023 to 2031, supported by the increasing demand for the latest environmentally friendly transformer technologies. Dry transformers represent a significant advancement in transformer technology. Unlike liquid-filled transformers that use oil or liquids for cooling, dry transformers utilize environmentally friendly high-temperature insulation systems. These transformers adopt forced air cooling or natural cooling mechanisms, making them a safer and more sustainable option. The windings of these transformers are encapsulated in a sealed pressurized tank and cooled by vacuum or air, eliminating the risk of oil leaks and reducing environmental impact. You can check the application method by clicking the [PDF Download] button or apply directly through the related links.
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Overview of Segmentation The global dry-type transformer market is classified based on technology, voltage, phase, end-user, and region. By Technology - Cast Resin - Vacuum Pressure Impregnation By Voltage - Low - Medium - High By Phase - Single Phase - Three Phase By End User - Commercial - Industrial - Others Key Companies: - ABB Ltd - CG Power and Industrial Solutions Limited - Eaton Corporation plc - General Electric Company - Hammond Power Solutions Inc - Hitachi, Ltd - Hyosung Heavy Industries - Kirloskar Electric Company Limited - Legrand SA - MGM Transformer Company - Schneider Electric SE - Siemens AG - TBEA Co., Ltd - Toshiba - Voltamp Transformers
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