North America Dry Type Transformer Market Analysis & Growth Forecast To 2025
Category: #business  By Ronak Bora  Date: 2022-07-01
  • share
  • Twitter
  • Facebook
  • LinkedIn
North America Dry Type Transformer Market Analysis & Growth Forecast To 2025

Consistently rising need to replace ageing traditional insulation technologies across the U.S. is poised to drive North America dry type transformer market outlook. Ongoing technological enhancements in the field of transformers is likely to boost the business landscape. Dry type transformers are witnessing major deployment on account of extensive ability of the product to exhibit superior performance in harsh environmental conditions as well as the ability to eliminate the possibility of spills and leakages.

Moreover, high resistivity to abrupt current surge and short circuit events aligned with operational security and safety in indoor applications may further bolster product demand in the coming years. It has been estimated that North America dry type transformer market size will cross the USD 1.5 billion mark by 2025.

Request for a sample copy of this report @ https://www.decresearch.com/request-sample/detail/3176  

Cast resin dry type transformers are witnessing high demand on account of reliable operational performance of the product. Significant technological improvements in the existing products will further provide impetus to the industry. Manufacturers are increasingly focused towards expanding product application range in various sectors. Cast resin dry type transformers market share is forecast to showcase exponential growth rate over the analysis period.

Shell core transformers are being deployed worldwide as they offer improved system efficiencies and cost effective operations when compared to the alternatives available in the market. Introduction of smart monitoring technologies compatible with this high end versatile product will encourage product adoption. Shell core transformer industry is anticipated to exceed an annual installation of 5,000 units by the end of 2025.

Pole-mounted dry type transformer industry is expected to trace appreciable momentum over the analysis period on account of large unit installations across the U.S. to deliver power distribution over long distances. There is a huge potential for technological expansion across North America which is currently facing issues due to limited grid access of distant load centers.

Self-air transformers will register notable installation rate due to superior product attributes including improved cooling properties as well as enhanced compatibility in high voltage applications, as compared to its counterparts. Optimal cooling strength and ease of installation are some of the other key parameters which are resulting in the equipment adoption. However, leakage, health & fire hazards associated with these transformers may hamper their deployment.

Class A & B transformers are widely utilized in electrical networks which have relatively lower transformation capacity and cater to limited peak demand. The product possesses a compact configuration, good insulation property as well as cost efficiency. However, the products will showcase moderate demand due to consumer apprehension and stiff competition from alternatives.

North America dry type transformer market share is majorly driven by major investments directed towards the upgradation of long-route networks of electricity across Canada, Mexico and the U.S. For instance, the government across the U.S. planned in 2017 to invest USD 10 billion developing new power distribution systems to substantially lessen the curtailment rate of Western transmission networks.

Request for customization @ https://www.decresearch.com/roc/3176

Key players comprising the competitive hierarchy of North America dry type transformer market include ABB, Toshiba, Schneider, WEG, Siemens, Eaton, Pioneer, Power, Rex Power, MGM, Olsun, Hammond, Niagara Transformers, CG, Neeltran, Virginia & Georgia Transformers, Marcus, Electric Power and Atlas Deemsa, amongst others.

Partial Chapter of the Table of Content

Chapter 3    North America Dry Type Transformer Industry Insights

3.1    Industry segmentation

3.2    Industry landscape

3.3    Industry ecosystem analysis

3.3.1    Vendor Matrix

3.4    Import and export landscape

3.4.1    Electrical transformers

3.5    Price trend analysis

3.6    Price trend analysis, by core

3.7    Price trend analysis, by product

3.8    Innovation and technology landscape

3.9    Potential customers

3.9.1    U.S.

3.9.2    Canada

3.9.3    Mexico

3.10    Regulatory landscape

Chapter 4    North America Dry Type Transformer Market, By Core

4.1    North America dry-type transformer market share by core, 2018 & 2025

4.2    Closed

4.2.1    North America dry-type transformer market from closed, 2014 - 2025

4.2.2    North America dry-type transformer market from closed, by country, 2014 - 2025

4.3    Shell

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/north-america-dry-type-transformer-market 

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine 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 spo...

Read More >>

More News By Ronak Bora

Electrical Conduit Market Statistics, Regional Growth & Forecast To 2024
Electrical Conduit Market Statistics, Regional Growth & Forecast To 2024
By Ronak Bora

Global electrical conduit market is poised to witness appreciable growth in the coming years owing to increasing efforts towards containing electric supply faults, health hazards, fire, and other operational breakdown. Electrical wiring is directly ...

GCC Natural Gas Market Outlook 2024 By Industry Players
GCC Natural Gas Market Outlook 2024 By Industry Players
By Ronak Bora

GCC natural gas market has been a recipient of the concerns related to energy security and climatic changes due to increasing fossil fuel consumption. In a bid to strengthen the regional sustainable energy scenario, GCC countries including Kuwait, UA...

Europe Residential Boiler Market | Opportunities, Key Trends & Growth Analysis To 2024
Europe Residential Boiler Market | Opportunities, Key Trends & Growth Analysis To 2024
By Ronak Bora

The shifting focus of European countries toward energy efficiency is certain to act as a driving force for Europe residential boiler industry. The increasing awareness about the adverse effects of fossil fuel consumption for energy generation has bee...