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.
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