Dry Type Transformer Market Segmentation:
Type Segment Analysis
The dry type converter transformer segment is estimated to hold 59% share of the global dry type transformer market in the year 2035. The segment growth can be attributed to the increasing demand for dry type converters from end-use industries such as oil & gas, utilities, and renewables as they are more efficient than other types of converters.
Moreover, dry type converters are less prone to fire hazards due to their non-flammable insulation, which makes them ideal for harsh and hazardous environments. They also offer significantly higher short circuit strength as compared to other types of converters, thus making them a preferred choice in many industries.
Technology Segment Analysis
Dry type transformer market from the cast resin technology segment is estimated to gain a significant share of about 60% in the year 2035. The growth of this segment can be attributed to the fact that this technology offers many advantages compared to traditional oil-immersed transformers, such as greater fire safety, increased durability, and improved environmental friendliness. Aside from the low noise levels, reduced weight, and compact design, its fire-resistant materials make it an ideal choice for a wide range of applications.
Our in-depth analysis of the global market includes the following segments:
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