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 Global 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.

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

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Scope of the Report:

By Application

Industrial
Commercial
Others
By Region

North America
Europe
Asia-Pacific
Rest of the World
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The dry type transformers market is driven by the increasing demand of energy, reduction of fire hazards, and need to adopt safe methods to distribute electricity for residential and commercial use. Besides, there is no fire protection requirement for dry type transformers, thereby, resulting it to be environmentally safe.

Globally, several renewable energy and grid upgrade projects are under progress, therefore, the dry type transformers are preferred as they are environment-friendly and offer high-level of safety.

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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).

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