Dry Type Transformer Market Analysis

Type (Dry Type Converter Transformer, Dry Type Rectifier Transformer)

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 (Cast Resin, Vacuum Pressure Impregnation)

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:

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

Frequently Asked Questions (FAQ)

The major factors driving the growth of the dry type transformer market are increased demand for reliable and efficient power supply, rising investments in the electricity transmission and distribution sector, and technological advancements in dry type transformer manufacturing.

The market size of dry type transformer is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2023 â€“ 2035.

The major players in the market are Siemens AG, WEG Industries, Eaton Corporation, Schneider Electric SE, Bharat Heavy Electricals Limited, Virginia Transformer Corp, General Electric Company, and others.

The cast resin segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

Dry Type Transformer Market Analysis