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Transformers are used to increase or decrease voltages and currents in an electrical circuit. They are also known as cast resin transformers and are power transformers with windings encased in epoxy resin. The layer of epoxy helps protect against dust and corrosion. It is a static device that uses environmentally friendly temperature insulation systems.
There are a variety of transformers, including liquid-type transformers, but there are plenty of good reasons why we recommend dry-type transformers such as they are more economical, they pack essential safety features, and they are more efficient. Additionally, they have better overload capacity, efficient as there is low particle discharge along with little loss, no temperature fluctuation, and are easy maintenance.
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The dry-type transformers market is categorized by cast resin and vacuum pressure impregnated transformer. Among which cast resin dry type transformer is highly used as it is moisture-proof, has short circuit strength, hardly inflammable and eco-friendly. Low voltage transformers are manufactured in vacuum pressure impregnation (VPI) technology, depending on the application such as in commercial buildings, onboard of vessels as well as in deep mines and industrial environments. Single-phase dry-type transformer market is expected to grow due to rapid urbanization and regulatory reforms such as FITs (feed-in-tariff) policies.
The dry type transformer market is driven by its broad applicability in the distribution of electricity. The rapid demand for electricity across the globe due to rapid industrialization in developing countries is further driving the market growth. Additionally, major drivers for the market also include a rise in demand for eco-friendly products and safety over liquid-filled transformers. However, the high cost of the product is the major restraint for the market as it is costlier than oil-cooled transformers along with a lack of investment by government in grid stability and load or number of losses.
Some of the major companies that are present in dry-type transformers market are Hammond Power Solutions Inc., ABB Ltd., Eaton Corporation PLC., Siemens AG, CG Power and Industrial Solutions Ltd., Voltamp Transformers Ltd. Schneider Electric SE, Jinpan International USA Ltd, Bharat Heavy Electricals Ltd., Virginia Transformer Corp, Tbea Transformer Industrial Group, Toshiba, Kotsons Pvt., Ltd, Crompton Graves Ltd., and Kirloskar Electric.
· Cast Resin
· Vacuum Pressure Impregnated
By Voltage Type
· Low Voltage
· Medium Voltage
· North America (the USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico, and Rest of Latin America)
· Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
The global dry-type transformers market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dry-type transformers market is expected to be a significant market due to high investment in transmission & distribution networks creating a broad scope for the electrical components in this region. Europe is expected to contribute to development for the dry type transformers market due to rapid urbanization and industrialization. Asia-Pacific is expected to be the dominant player all over the world, due to its growing population along with improvement in lifestyle which has led to the increase in consumption of energy in economies such as China and India. In Latin America, economies such as Brazil and Argentina are the major markets due to the rise in demand from different sectors. The Argentina government is also in the process of commissioning large projects, both in the transmission and generation sectors.
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