Dublin, June 28, 2021/PRNewswire/-The “Dry-Type Transformer Market-Forecast from 2021 to 2026″ report has been added to ResearchAndMarkets.com’s products.
The global dry-type transformer market is expected to grow at a compound annual growth rate of 3.83% during the forecast period, and the market size will reach US$7.531 billion in 2026 from US$5.790 billion in 2019. The global market is driven by its wide applicability in power distribution. The expansion of global distribution networks and the rapid industrialization of developing countries have promoted the growth of the dry-type transformer market. Heavy to small industries use machines with specific voltage requirements.
Some industries, such as oil and gas, mining, and ships, have specific voltage requirements because fire safety is important in these industries. In order to reduce dependence on coal for power generation, countries have agreed to increase the use of renewable energy in the total power generation.
Due to its safety and design reasons, dry-type transformers are replacing wet-type transformers in the field of renewable energy. Safety is more important in the energy sector, which means that dry-type transformers are becoming the preferred transformer in the clean energy sector that provides extended protection. This is the main driving force of the global market. However, compared with liquid transformers such as oil-immersed transformers, the heat dissipation performance of dry-type transformers such as cast resin transformers is relatively poor, while the heat dissipation performance of oil radiators is poor. better one. In addition, dry-type transformers have a complex structure and cost higher than oil-immersed transformers. These factors are expected to limit the adoption of dry-type transformers.
Growth factors: The demand for environmentally friendly transformers continues to increase on a global scale, and the use of environmentally friendly products is increasing rapidly, which has led to the development of technologies that help achieve environmental goals. Due to the low cooling rate, wet-type transformers are prone to safety-related issues, leading to overheating and leakage. The use of dry-type transformers prevents leakage and spillage; therefore, they are essentially environmentally friendly. Dry-type transformers are a convenient alternative to wet-type transformers.
In addition to leaks and spills, wet-type transformers have a high risk of fire. Therefore, additional agreements are needed to manage fire and environmental risks. In addition, the increase in indoor installation of transformers is a big driving force for dry-type transformers.
The use of environmentally friendly products in the upgrade and development of power infrastructure has attracted attention, which has created business opportunities for global dry-type transformers. Therefore, during the forecast period, focusing on environmentally friendly products is a major driving force for the dry-type transformer market. Impact of COVID-19 Due to the complete or partial global blockade caused by COVID-19, the supply chain has been interrupted, resulting in delays in project construction, and has a direct impact on the commissioning of renewable power projects, biofuel facilities, and renewable heat investments. In the global solar industry, more than 40% of the supply chain relies on supplies from China and other Southeast Asian countries. Since China is a known source of this epidemic, and due to COVID-19, China is the most affected country in terms of material supply and material transportation. This factor has had a huge impact on the dry-type transformer market. Competitive insights on the global dry-type transformer market. Outstanding/main major market players include MGM Transformers, Acutran, Hitachi-ABB Group and Alpha Transformers.
Participants are implementing various growth strategies to gain a competitive advantage. Major market participants and their relative competitive strategies have been covered, and the report also mentions recent transactions and investments by different market participants in the past few years.
Main topics covered: 1. Introduction 2. Research method 3. Executive summary 3.1. Research highlights 4. Market dynamics 4.1. Market drivers 4.2. Market restrictions 4.3. Porter’s Five Forces Analysis 4.4. Industry value chain analysis 5. Global dry-type transformer market analysis, by type 5.1. Introduction 5.2. Casting resin 5.3. Vacuum pressure impregnation6. Global dry-type transformer market analysis, according to voltage 6.1. Introduction 6.2. Low 6.3. Medium 7. Global dry-type transformer market analysis, according to Phase7.1. Introduction 7.2. Single phase 7.3. Three-phase 8. Global dry-type transformer market analysis, according to the end-user industry 8.1. Introduction 8.2. Energy and Electricity 8.3. Cement 8.4. Metallurgical mining 8.5. Pulp and paper 8.6. Petrochemical 8.7. Ocean 8.8. Other 9. Global dry-type transformer market analysis, according to geography 9.1. Introduction 10. Competitive environment and analysis 10.1. Main players and strategic analysis 10.2. Emerging participants and market profit 10.3. Mergers, acquisitions, agreements and cooperation 10.4. Supplier Competitiveness Matrix 11. Company profile 11.1. MGM Transformer Company 11.2. Acutran 11.3. Hitachi-ABB Group 11.4. Alpha Transformer 11.5. Wilson Power Solutions 11.6. Synergy Transformers Pvt Ltd. 11.7. Kirloskar Electric Company 11.8. OTDS UK Limited 11.9. FT Transformer Co., Ltd. 11.10. Corson Pte Ltd。
Post time: Oct-12-2021