Market research Future DRY TRANSFORMER MARKET PROMINENT PLAYERS REPORT. | Seite 2

Dry transformer market Research Report- Forecast to 2023 1 Summary Dry type transformer does not utilize liquid where it is winding with core be immersed. Rather windings with core are kept in a sealed tank that is pressurized with air. It is fire resistant transformers and is suited to be installed in high-rise buildings, steel factories, hospitals, school, chemical plants, and other places wherever fire safety is of top importance. This transformer not causing any environmental deterioration, and is highly reliable over the years. Increasing investment in the renewable sector is rigorously driving the global dry transformer market. To reduce the dependency on conventional fossil fuels, many countries across the globe are diverting towards the renewable energy power generation. However, increasing reputation of bio-based and naphthenic transformer oil may hamper the growth of the market. Market Research Analysis: - By application, the market has been segmented into Industrial, Commercial, and others. The remarkable growth in the industrial sector across the world is generating an immense power requirement for the proper functioning of the sector. The high reliability of industrial sector towards power is enabling the growth for the power equipment in the sector. The huge amount of power consumption in the industrial sector with varying load capacity is expected to boost the dry transformer market during the forecast period. Commercial sector is also the primary application area of the market. The rise in the population resulting in urbanization across all major economies in the world is making a fruitful market for the dry transformer for this sector. Page | 2 Copyright © 2018 Market Research Future.