Dry Type Transformer Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Dry Type Transformer Market in 2025 is evaluated at USD 7.7 billion. The global Market size was more than USD 7.16 billion in 2024 and is anticipated to grow at a CAGR of over 9.4%, reaching USD 23.02 billion revenue by 2037. Asia Pacific is estimated to attain USD 7.14 billion by 2037, driven by rising demand for efficient power distribution.
Stricter safety and environmental regulations around the world are encouraging the adoption of dry-type transformers. The absence of flammable insulating oil in dry-type transformers reduces the risk of fires and environmental contamination, making them a preferred choice in areas where safety and compliance are paramount.
As sustainability becomes a central focus for many industries, including construction and infrastructure, dry-type transformers align with green building initiatives due to their lower environmental impact and energy efficiency. These transformers use air instead of oil as a cooling and insulating medium, which eliminates the possibility of oil leaking into the environment.
