US Dry Type Transformer Market: Market Research by Knowledge Sourcing Intelligence


US Dry Type Transformer Market


A dry type transformer is a static device that uses natural ventilation instead of oil, silicone or a liquid to cool the coils. It is an environment-friendly insulation system and is also known as ‘voltage changing’. The transformers are used for increasing and decreasing voltage and transferring energy between two or more circuits by using electromagnetic induction. The dry transformers provide safety against the fire and are in high demand and use in high-rise buildings, steel factories, underground tunnels, hospitals, schools, chemical plants, and other places. It also helps in addressing the environmental and health concern by using air for ventilation. The demand for the market is driven by the increasing population and industrialization in the developing countries, raising awareness, and use of sources of renewable power generation sources, and exponentially high demand for electricity. Moreover, the rising personal disposable income and the increasing investment in the transmission and distribution networks for electricity is also expected to boost market growth. However, the high cost of the product and the various advantages of oil-cooled transformer over dry type transformer could be a restraint in the growth of the market. Some of the key players in the market are MGM Transformer Company, Niagara Corp, Acutran Transformers, ABB Group, and Alfa Transformer.

Market Segmentation
The U.S. Dry Type Transformer market has been segmented by type, voltage, phase, and end-user industry. By Type, the market is classified as Cast Resin and Vacuum Pressure Impregnated. The cast resin market holds a significant share of the US dry type transformer size owing to the benefit of not requiring to replace the whole electrical circuit in case of an accident.
By Voltage, the market is classified as Low and High. The low voltage segment is the largest market shareholder because of its widespread use in various applications. The segment is expected to increase us dry type transformer market size because of the rapid development of micro-grid infrastructure along with the integration of sustainable technologies across the residential structures.
By Phase, the market is classified as Single Phase and Three Phase. The three-phase segment accounts for a major revenue generation for the market. The US dry type transformer market analysis shows that the growth of the segment is substantiated to its effective long route network feasibility, utility aided distribution and high ampacity.
By End-User Industry, the market is classified as Energy and Power, Cement, Metallurgical Mining, Pulp and Paper, Petrochemical, Marine, and Others. The energy and power sector holds a significant share of the market. This is due to the rising energy demand, development of smart grid networks, increasing awareness and investment towards the integration of electricity generated from renewable sources of energy, and the modernization of the existing grid networks. These factors give substantive proof for a positive US dry type transformer market trend, which will gain more market. Moreover, the favorable government regulatory reforms along with smart monitoring and control units will lead to a boost in the demand for the product.

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