Dry Type Transformer Market Size & Share, by Type (Dry Type Converter Transformer, Dry Type Rectifier Transformer); Technology (Cast Resin, Vacuum Pressure Impregnation); Rating (Less than 5 MVA, 5 MVA to 30 MVA, More than 30 MVA); End Use (Industries, Inner-City Substations, Underground Substations, Renewable Generation) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

Growth Drivers

• Growing demand for energy-efficient transformers- The growing demand for energy-efficient transformers is a key driver of the increasing popularity of dry type transformers. As the world becomes more focused on reducing its carbon footprint, industries are looking for ways to improve their energy efficiency, and dry type transformers are an excellent solution. The United Nations has stated that there is a need to decrease carbon dioxide emissions by 45 percent by 2030 compared to levels observed in 2010. Additionally, they have set the goal of achieving zero emissions by the year 2050.
• Increasing focus on renewable energy- The increasing focus on renewable energy sources, such as wind and solar power, has been a major driver of the demand for dry type transformers. These transformers are crucial in facilitating the transmission and distribution of power generated from renewable sources, which tend to be located in remote areas where traditional oil-filled transformers may not be suitable. For instance, wind turbines generate power at high voltages that need to be stepped down before they can be distributed to homes and businesses.
  Dry type transformers are ideal for this purpose as they are able to handle high voltage levels and are more resistant to environmental factors such as moisture and dust.
• Increased industrialization and urbanization- The rapid pace of industrialization and urbanization in developing countries has led to a surge in demand for electricity. This demand has been met by the installation of new power generation technologies plants, transmission lines, and distribution networks, which require high-quality transformers to ensure efficient energy transfer. Dry type transformers have emerged as a popular choice in these regions due to their durability, low maintenance costs, and high efficiency. Moreover, they are better suited to handle the harsh environmental conditions prevalent in many developing countries, making them a reliable choice for industrial and urban applications.

Challenges

• Transformer Temperature Dissipation - Dry-type transformers operate at higher temperatures compared to oil-filled transformers. Proper heat dissipation is crucial to prevent overheating and maintain transformer efficiency. Adequate ventilation and cooling systems are necessary, which can add complexity and cost to installations.
• Dry-type transformers are often designed for specific applications, which can lead to customization challenges
• Complexity of Maintenance and Repair