Dry Type Transformer Market: Comparison with Parent Market, 2013 – 2020

1. Dry Type Transformer Market: Comparison with Parent Market, 2013 – 2020 The dry type transformer market is expected to reach USD 5.38 Billion by 2020 from USD 4.16 Billion in 2015, at a CAGR of 5.3% between 2015 and 2020.Transformers are electrical devices that transfer energy between two or more circuits through electromagnetic induction. Dry type transformers have their windings enclosed in sealed and pressurized tanks, and are air cooled. Dry type transformers provide safety against fire and leakage, which also reduces environmental and health concerns. These types of transformers are moisture proof and have better impulse and short circuit strength. Dry type transformers have wide applicability in domestic as well as industrial segments. The major drivers for the market include rise in demand for electricity, eco-friendly product, and safety advantages over liquid-filled transformers. On the other hand, high cost of product, lack of investment by government in grid stability, and load/no. of losses are the major restraints for the market growth. Sample Request: http://www.marketsandmarkets.com/requestsample.asp?id=193779200 Scope of the report. On the basis of technology, the market is divided into Cast Resin, and VPI. The Cast Resin segment is expected to account for the largest share of the global dry type transformer market by 2020. On the other hand, the VPI segment is expected to witness the growth rate of 4.8% during the forecast period. On the basis of phase types, the market is divided into single phase and three phase transformers. On the basis of voltage, market is categorized into medium voltage and low voltage .The geographic segments included in this report are North America, Europe, Asia, and the Rest of the World (RoW). Major players in this market include Hammond Power Solution Inc. (Canada), ABB Ltd.(Switzerland), Siemens AG (Germany), General Electric (U.S.), Jinpan International Ltd.(China), ABB Ltd. (Switzerland), Schneider Electric (France), TBEA Transformer Industrial Group (China), Eaton Corporation (Ireland), Crompton Graves Ltd. (India), and Voltamp Transformer Ltd.(India). Request for Customization: http://www.marketsandmarkets.com/requestCustomization.asp?id=193779200 The global dry type transformer market is driven by its wide applicability in the distribution of electricity. The expansion of electricity distribution network across the globe, and rapid industrialization in developing countries is further driving the market growth. Heavy to small scale industries employ machineries that have specific voltage requirement. Some industries, such as oil & gas, mining, and marine industry have specialized voltage requirements, as fire safety is important in these sectors. The geographic segments included in this report are North America, Europe, Asia, and the Rest of the World (RoW). Geographic analysis reveals that Asia-Pacific accounts for the largest share of the global dry type transformer market in 2015, and is expected to be the fastest growing markets during the forecast period. Download Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=193779200 About MarketsandMarkets™

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