Dry-Type Transformers Market Size , Share , Trends , Analysis and Forecasts To 2021
Market Research analysts forecast the global dry-type transformers market to grow at a CAGR of 5.31 % during the period 2017-2021 .
The following companies as the key players in the global dry-type transformers market : ABB , Crompton Greaves , GE , Schneider Electric , and Siemens .
Other Prominent Vendors in the market are : DuPont , Eaton , ELANTAS , Fuji Electric , Hammond Power Solution , Jinpan International , Kirloskar Electric , KOTSONS , MGM Transformer Company , Prima Transformers , Raychem RPG , Synergy Transformers , TBEA Transformer Industrial , Temco , Vijay Power Control Systems , Virginia Transformer , and Voltamp Transformers .
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Commenting on the report , an analyst from Technavio ’ s team said : “ The latest trend gaining momentum in the market is increasing popularity of dry-type transformers . Dry-type transformers due to the absence of inflammable oils , are preferred over oil-filled transformers , to avoid risks of fire . Typical places which have high risks of fire include commercial areas like airports and malls and residential complexes .
According to the report , one of the major drivers for this market is modernization of existing transformers . The increase in installation activities regarding new transformers and the replacement of old transformers with new ones are fueling the growth of the global dry-type transformers market .
Further , the report states that one of the major factors hindering the growth of this market is evolution of eco-efficient power transformers . Several transformer manufacturers have started to design and manufacture environment-friendly products based on customer demand for the same . Customers need transformers that are negligibly hazardous to the environment and at the same time offer improved life cycle costs along with minimal maintenance requirements and enhanced service lifetime .
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry . The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors .
About dry-type transformers
Electrical transformers are devices that convert electricity from one voltage to another for T & D purposes . Dry-type transformers are transformers where windings with core are kept within a sealed