Picture
SEARCH
What are you looking for?
Need help finding what you are looking for? Contact Us
Compare

PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1628019

Cover Image

PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1628019

U.S. Dry Type Transformer Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 to 2034

PUBLISHED:
PAGES: 80 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
PDF & Excel (Single User License)
USD 2550
PDF & Excel (Multi User License)
USD 3050
PDF & Excel (Enterprise User License)
USD 5050

Add to Cart

U.S. Dry Type Transformer Market, valued at USD 2.2 billion in 2024, is projected to grow at 7.8% CAGR from 2025 to 2034. These transformers are becoming increasingly popular due to their energy efficiency, cost-effectiveness, and environmentally friendly design. Unlike oil-filled transformers, dry-type models use air for cooling, reducing the environmental risks associated with oil. As sustainability becomes a focal point across industries, the demand for dry-type transformers is expected to rise.

Urban areas are a significant driver of this trend, with dry-type transformers favored for indoor commercial applications. Their safety advantages, including reduced fire risks, make them suitable for high-density environments where fire safety and ease of maintenance are essential. These transformers are well-suited for commercial settings and high-traffic locations where minimizing risks and ensuring reliable power distribution are crucial.

Dry-type transformers are also gaining traction in various industrial sectors, such as manufacturing, mining, and food processing. Their reliability and reduced maintenance requirements make them an attractive option for industries that demand consistent performance and minimal downtime. Advances in materials, particularly improvements in insulation and cooling systems, are enhancing their ability to handle higher loads and operate more efficiently. With innovations like resin and cast coil insulation, these transformers can operate at lower temperatures, leading to greater efficiency, longer service life, and higher reliability.

Market Scope
Start Year2024
Forecast Year2025-2034
Start Value$2.2 Billion
Forecast Value$4.8 Billion
CAGR7.8%

The industrial sector is expected to see a growth rate of 6.6% CAGR through 2034, driven by increasing industrial automation and the need for robust power distribution systems. Dry-type transformers are becoming essential in automated plants, where they provide stable power to sensitive equipment like robotics and control systems. Their durability and minimal maintenance requirements make them ideal for demanding industrial environments.

As renewable energy adoption grows across industries, dry-type transformers are well-suited to manage the fluctuating power loads from sources like solar, wind, and biomass. These transformers are particularly popular in settings that rely on renewable energy, offering a reliable, low-maintenance solution for power distribution.

U.S. dry-type transformer market is expected to generate USD 1.9 billion by 2034. Their compact design and efficient performance make them ideal for urban and commercial spaces with limited space. These transformers are also favored for their innovative insulation components, such as epoxy resin, which help reduce energy losses and improve efficiency. Stricter energy regulations and a growing emphasis on greener electrical systems are expected to continue driving the demand for these energy-efficient transformers.

Product Code: 6638

Table of Contents

Chapter 1 Methodology & Scope

  • 1.1 Market definitions
  • 1.2 Base estimates & calculations
  • 1.3 Forecast calculation
  • 1.4 Data sources
    • 1.4.1 Primary
    • 1.4.2 Secondary
      • 1.4.2.1 Paid
      • 1.4.2.2 Public

Chapter 2 Industry Insights

  • 2.1 Industry ecosystem analysis
  • 2.2 Regulatory landscape
  • 2.3 Industry impact forces
    • 2.3.1 Growth drivers
    • 2.3.2 Industry pitfalls & challenges
  • 2.4 Growth potential analysis
  • 2.5 Porter's analysis
    • 2.5.1 Bargaining power of suppliers
    • 2.5.2 Bargaining power of buyers
    • 2.5.3 Threat of new entrants
    • 2.5.4 Threat of substitutes
  • 2.6 PESTEL analysis

Chapter 3 Competitive landscape, 2024

  • 3.1 Strategic dashboard
  • 3.2 Innovation & sustainability landscape

Chapter 4 Market Size and Forecast, By Core, 2021 - 2034 ('000 Units & USD Million)

  • 4.1 Key trends
  • 4.2 Closed
  • 4.3 Shell
  • 4.4 Berry

Chapter 5 Market Size and Forecast, By Technology, 2021 - 2034 ('000 Units & USD Million)

  • 5.1 Key trends
  • 5.2 Self air
  • 5.3 Air blast

Chapter 6 Market Size and Forecast, By Insulation, 2021 - 2034 ('000 Units & USD Million)

  • 6.1 Key trends
  • 6.2 Class R
  • 6.3 Class H
  • 6.4 Class F
  • 6.5 Class B
  • 6.6 Class A

Chapter 7 Market Size and Forecast, By Product, 2021 - 2034 ('000 Units & USD Million)

  • 7.1 Key trends
  • 7.2 Open wound
  • 7.3 Cast resin
  • 7.4 Vacuum pressure impregnated
  • 7.5 Vacuum pressure encapsulated

Chapter 8 Market Size and Forecast, By Winding, 2021 - 2034 ('000 Units & USD Million)

  • 8.1 Key trends
  • 8.2 Two winding
  • 8.3 Auto transformer

Chapter 9 Market Size and Forecast, By Rating, 2021 - 2034 ('000 Units & USD Million)

  • 9.1 Key trends
  • 9.2 <= 5 MVA
  • 9.3 > 5 MVA to <= 30 MVA
  • 9.4 > 30 MVA

Chapter 10 Market Size and Forecast, By Mounting, 2021 - 2034 ('000 Units & USD Million)

  • 10.1 Key trends
  • 10.2 Pad
  • 10.3 Pole
  • 10.4 Others

Chapter 11 Market Size and Forecast, By Application, 2021 - 2034 ('000 Units & USD Million)

  • 11.1 Key trends
  • 11.2 Industries
  • 11.3 Inner-city substations
  • 11.4 Indoor/underground substations
  • 11.5 Renewable generation
  • 11.6 Others

Chapter 12 Company Profiles

  • 12.1 ABB
  • 12.2 CG Power and Industrial Solutions
  • 12.3 Eaton
  • 12.4 Fuji Electric
  • 12.5 General Electric
  • 12.6 Hitachi Energy
  • 12.7 Instrument Transformer Equipment Corporation
  • 12.8 Raychem RPG
  • 12.9 Schneider Electric
  • 12.10 Siemens Energy
  • 12.11 Toshiba Energy Systems and Solutions
  • 12.12 WEG
Have a question?
Picture

Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

Picture

Christine Sirois

Manager - Americas

+1-860-674-8796

Questions? Please give us a call or visit the contact form.
Hi, how can we help?
Contact us!