Global dry type transformer market that will be worth $5.38 billion by 2020

The Global Dry Type Transformer market is driven by the grid up-gradation and renewable energy projects across the globe.

According to the new market research report “Global Dry Type Transformer Market by Technology (Cast Resin, Vacuum Pressure Impregnated), by Phase (Single-phase, Three-phase), by Voltage (Low, Medium), by Application (Industrial, Commercial, Others), by Geography - Analysis & Forecast to 2020”, global dry type transformer market was valued at $4.16 billion in 2015, and is expected to reach $5.38 billion by 2020, at a CAGR of 5.3% from 2015 to 2020.

Key players in this market include Hammond Power Solutions Inc., Schneider Electric SA, Asea Brown Boveri (ABB Group), Crompton Greaves Ltd., Siemens AG, Jinpan International Ltd., and others.

Browse through the TOC of Global Dry Type Transformer market for an analysis of industry trends, segments & forecasts.

The global dry type transformer market is expected to witness a significant growth in the coming years. This market is majorly driven by the surge in the energy demand, wide applicability across various industries, and upcoming grid up gradation & renewable energy projects.

Dry type transformers are gaining immense significance in wind energy and oil & gas projects.

Additionally, factors such as growing urbanization and industrialization in the economies like India, China, Germany, Brazil, and Iraq are expected to create a huge market for dry type transformers. Asia-Pacific is the largest and the fastest-growing dry type transformer market.

The stringent energy efficiency standards in the Europe and the America are one of the major factors responsible for the growth of the dry type transformer markets in these regions.

The report “Global Dry Type Transformer Market – Analysis & Forecast to 2020” has been segmented on the basis of phase, voltage, application, and geography. The major applications of dry type transformer include industrial, commercial, and others.

The market has been analyzed in terms of major regions, such as Asia Pacific, North America, Europe, and Rest of the world.

This report includes the market share and value chain analyses, along with the market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in the market.

This gives a comprehensive view of the global dry type transformer market.

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