Dry Type Transformer Market Size

Dry Type Transformer Market size is poised to cross USD 16 Billion by the end of 2035, witnessing around 9% CAGR during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of dry type transformer was USD 6 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.