Global dry type transformer market projected to reach $7.3 B by 2027
The global dry type transformer market was valued at $5.4 Bin 2019, and is projected to reach $7.3 B by 2027, growing at a CAGR of 6.1% from 2020 to 2027.
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The global dry type transformer market was valued at $5.4 Bin 2019, and is projected to reach $7.3 B by 2027, growing at a CAGR of 6.1% from 2020 to 2027.
The report provides an in-depth analysis of the current and emerging market trends and dynamics in the global dry type transformer market. It offers detailed quantitative analysis of the current market and estimations through 2019–2027, which assists in identifying the prevailing market opportunities. Comprehensive analysis of factors that drive and restrict the growth of the global dry type transformer market is provided. For instance, worldwide high energy demand and need for upgrade of existing transmission infrastructure will drive the global dry type transformer demand; however, high initial cost and availability of substitutes are expected to be a major restraint for the market growth. Exhaustive analysis of the global dry type transformer market by type, technology, phase, voltage, and end use helps understand the ratings of dry type transformer that are currently being used along with the variants that would gain prominence in the future.
Key players in this market include: Hitachi ABB, Siemens AG, Schneider Electric SE, Voltamp Transformers Ltd., WEG Group, Henley Energy GCC, Bharat Heavy Electricals Ltd., Eaton Corporation Plc, Fuji Electric Co. Ltd., General Electric Company, Hammond Power Solutions Inc., Hyosung Heavy Industries, Kirloskar Electric Co. Ltd.
The regions covered in this report are: North America, Latin America, Europe, Asia-Pacific, and Middle East and Asia.
Source: Globe Newswire