The dry type transformer market is expected to reach USD 5.38 Billion by 2020 from USD 4.16 Billion in 2015, at a CAGR of 5.3% between 2015 and 2020. Transformers are electrical devices that transfer energy between two or more circuits through electromagnetic induction. Dry type transformers have their windings enclosed in sealed and pressurized tanks, and are air cooled. Dry type transformers provide safety against fire and leakage, which also reduces environmental and health concerns. These types of transformers are moisture proof and have better impulse and short circuit strength. Dry type transformers have wide applicability in domestic as well as industrial segments.

The major drivers for the market include rise in demand for electricity, eco-friendly product, and safety advantages over liquid-filled transformers. On the other hand, high cost of product, lack of investment by government in grid stability, and load/no. of losses are the major restraints for the market growth.

Sample Request: http://www.marketsandmarkets.com/requestsample.asp?id=193779200

Scope of the report. On the basis of technology, the market is divided into Cast Resin, and VPI. The Cast Resin segment is expected to account for the largest share of the global dry type transformer market by 2020. On the other hand, the VPI segment is expected to witness the growth rate of 4.8% during the forecast period. On the basis of phase types, the market is divided into single phase and three phase transformers. On the basis of voltage, market is categorized into medium voltage and low voltage .The geographic segments included in this report are North America, Europe, Asia, and the Rest of the World (RoW).

Major players in this market include Hammond Power Solution Inc. (Canada), ABB Ltd.(Switzerland), Siemens AG (Germany), General Electric (U.S.), Jinpan International Ltd.(China), ABB Ltd. (Switzerland), Schneider Electric (France), TBEA Transformer Industrial Group (China), Eaton Corporation (Ireland), Crompton Graves Ltd. (India), and Voltamp Transformer Ltd.(India).

Request for Customization: http://www.marketsandmarkets.com/requestCustomization.asp?id=193779200

The global dry type transformer market is driven by its wide applicability in the distribution of electricity. The expansion of electricity distribution network across the globe, and rapid industrialization in developing countries is further driving the market growth. Heavy to small scale industries employ machineries that have specific voltage requirement. Some industries, such as oil & gas, mining, and marine industry have specialized voltage requirements, as fire safety is important in these sectors.

The geographic segments included in this report are North America, Europe, Asia, and the Rest of the World (RoW). Geographic analysis reveals that Asia-Pacific accounts for the largest share of the global dry type transformer market in 2015, and is expected to be the fastest growing markets during the forecast period.

Download Brochure:
http://www.marketsandmarkets.com/pdfdownload.asp?id=193779200

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Email: [email protected]