North America dry type transformer market growth is ongoing technological advancements and initiatives being undertaken to replace conventional insulation technologies. Elevating demand for uninterrupted electricity supply in conjunction with growing expansion of smart grid networks will stimulate the transformer deployment in inner-city substations over the forthcoming years.
Growing need for electricity coupled with rising initiatives to revamp the existing electric networks in North America and the integration of technologically advanced units has substantially increased the adoption of dry type transformers in the region. This is majorly due to the exceptional endurance offered by them in an event of adverse climatic conditions and their ability to curb leakages and spills.
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Besides, ability of these units to prevent short circuits, resist rapid current flow and better operational safety is expected to drive the industry potential to an all new level in the upcoming years.
An overview of some of the prominent industry segments that are augmenting the dry type transformer market outlook has been outlined as below:
Based on the core type, shell core dry type transformer market are gaining high prominence in the industry owing to high cost-effectivity and enhanced unit productivity as compared to its counterparts. Besides, rising industrial inclination towards the adoption of smart monitoring technologies coupled with high product versatility is positively influencing the industry landscape further.
In terms of technology, self-air based dry type transformer market is high demand owing to their high compatibility coupled with the integration of advanced cooling properties as compared to the available counterparts. Their ability to provide optimal cooling strength and easy installation is subsequently driving the technology adoption.
Based on the product bifurcation, cast resin segment is witnessing a significant growth. This can be credited to the burgeoning product demand driven by rapid industrialization along with wide applicability and safe operational ability offered by it. In addition, integration of advanced technologies due to shifting end-user preference towards high efficiency units is strengthening the business potential.
With regards to the rating, dry type transformers with rating > 30 MVA are witnessing significant rise in the demand majorly due to their wide applicability in power sector and process industries. Increasing integration of renewable technologies in the electricity network along with robust expansion of micro-grid infrastructure is also fueling the product adoption.
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Speaking of the winding type, auto transformer segment is anticipated to register substantial gains in the coming years. This can be attributed to relatively higher operational flexibility and effective transformation offered by these transformers. Other benefits offered by them such as cost effectivity, compact structure and better efficiency, are in turn complementing the segment growth.
Apart from the prominence of these segments, rising emphasis on adoption of energy efficient systems coupled with supportive government incentives to encourage energy conservation is also expected to impel the product installation. Heightened proclivity towards safe and secure grid infrastructure along with growing need for efficient power supply components in transmission and distribution network will proliferate the business growth further.
Table of Contents (ToC) of the report:
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 List of Data Sources
Chapter 2 Market Snapshot
2.1 Dry Type Transformer Market in North America Snapshot
Chapter 3 North America Dry Type Transformer Market Trends
3.1 Industry coverage
3.2 Industry size & forecast, 2015 – 2026
3.3 Value chain analysis
3.3.1 Company product snapshot
3.4 Innovation Landscape
3.5 Regulatory norms & directives
3.6 COVID-19 impact on the industry outlook
3.7 Drivers & restraints
3.7.1 Market drivers
3.7.2 Market restraints
3.8 Industry analysis – Porter’s
3.9 Product growth mapping
3.10 Competitive benchmarking, 2019
3.10.1 Strategy dashboard
3.11 PEST analysis
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