April 09, 2020
According to the research report titled ‘North America Dry Type Transformer Market Size By Core (Closed, Shell, Berry), By Technology (Self-air, Air-blast), By Insulation (Class R, Class H, Class F, Class B, Class A), By Product (Open Wound, Cast Resin, Vacuum Pressure Impregnated, Vacuum Pressure Encapsulated), By Phase (Single, Three), By Installation (Outdoor, Indoor), By Winding (Two-winding, Auto-transformer), By Rating (< 5 MVA, 5 MVA to 30 MVA, > 30 MVA), By Voltage (2.5 kV to 10 kV, > 10 kV to 30 kV, > 30 kV to 50 kV, > 50 kV to 70 kV, > 70 kV), By Mounting (Pad, Pole), By Application (Industries, Inner-city Substations, Indoor/Underground Substations, Renewable Generation), By End Use (Residential & Commercial, Industrial, Utility), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico), Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, North America dry type transformer market is expected to be worth USD 1.5 billion by the year 2025.
Shifting focus towards replacement of traditional insulation systems coupled with technological advancements are driving the dry type transformer industry in North America. The equipment provides better performance in extreme environmental conditions and minimizes the risk of spills and leakages. Dry type transformer also offers superior operational safety as well as better resistance to short circuits, which in turn is positively influencing the market outlook.
Inflowing investments towards development of long-route distribution networks in Mexico, Canada and the U.S. is promoting the business scenario in North America. Furthermore, advancements in technology pertaining to transformers and growing demand for reliable operational performance are creating lucrative avenues for the overall market growth.
As per core type, the report states that shell core transformer segment is expected to cross a yearly installation 5,000 units by the year 2025. These transformers offer better efficiency, versatility and are relatively cost-effective during operations. Increasing incorporation of smart monitoring technologies in transformers is fueling the segmental growth.
In terms of mounting, pole-mounted segment is presumed to grow substantially during the forecast period, primarily due to increasing installation of large units for long-distance power distribution.
The report cites that self-air transformers market segment is poised to acquire significant gains in the ensuing years, primarily due to improved compatibility in high voltage applications, easy installation and enhanced cooling properties. However, high risk of leakage as well as health & fire hazards associated with self-air transformers may hinder the market growth.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/1862866/
By insulation type, class A & B segments of dry type transformer market will witness lucrative growth in the forthcoming years. Rising adoption of the class A and class B transformers in electrical networks with limited peak requirements and low transformation capacities is favoring the market outlook.
The prominent companies operating in North America dry type transformer industry are Electric Power, Atlas Deemsa, Virginia & Georgia Transformers, Neeltran, CG, Hammond, Niagara Transformers, MGM, Olsun, Rex Power, Pioneer, Power, Eaton, WEG, Siemens, Schneider, ABB, Toshiba and GE among others.
Frequently Asked Questions (FAQ) :