'Dry type transformer market' presentation slideshows

Dry type transformer market industry revenue analysis size share to 2021

Dry Type Transformer -Market Competition by Manufacturers , Manufacturers Profiles/Analysis , Manufacturing Cost Analysis , Industrial Chain , Sourcing Strategy and Downstream Buyers, Market Effect Factors Analysis

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Dry Type Transformer Market worth 5.38 Billion USD by 2020

The global 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%. The dry type transformers market is driven by the increasing demand of energy, reduction of fire hazards, and need to adopt safe methods to distribute electricity for residential and commercial use. Besides, there is no fire protection requirement for dry type transformers, thereby, resulting it to be environmentally safe. However, high costs and lack of governmental investments towards grid expansion and stability may hinder the growth of this market.

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The global 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.

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