Dry Type Transformer Market Size

Dry Type Transformer Market size was valued at USD 7.16 billion in 2024 and is set to reach USD 22.44 billion by the end of 2037, registering around 9.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of dry type transformer is assessed at USD 7.69 billion. 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.