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United States Dry Type Transformer Market Report and Forecast 2024-2032
Market Report I 2024-02-13 I 144 Pages I EMR Inc.
United States Dry Type Transformer Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the United States dry type transformer market reached a value of USD 2.28 billion in 2023. Aided by the escalating demand for electrical energy, advancements in power infrastructure, and heightened awareness regarding fire safety in electrical installations, the market is projected to further grow at a CAGR of 7.3% between 2024 and 2032 to reach a value of USD 4.35 billion by 2032.
Dry type transformers, known for their lack of liquid coolants, are an integral component of modern electrical distribution systems. These transformers offer several advantages over their oil-filled counterparts, including reduced fire risk, minimal maintenance requirements, and the ability to operate in environmentally sensitive areas. They are widely used in various applications, such as commercial buildings, industrial plants, and within power distribution networks.
The United States dry type transformer market growth is driven by several key factors. The ongoing urbanisation and industrialisation, coupled with the renovation of aging electrical infrastructure, are significant drivers. There is a growing emphasis on enhancing the reliability and efficiency of power distribution to support the burgeoning demand for electricity in residential, commercial, and industrial sectors.
Furthermore, the increasing focus on environmental sustainability and safety standards is propelling the United States dry type transformer market demand. These transformers are favoured in applications where safety is paramount, such as in schools, hospitals, and shopping malls, due to their reduced fire risk and absence of toxic coolants. Additionally, stringent regulations aimed at reducing environmental impact and improving fire safety standards in electrical installations are encouraging the adoption of dry type transformers.
According to the United States dry type transformer market analysis, technological advancements in transformer design and materials have also played a crucial role in market growth. Modern dry type transformers are more efficient, have higher power capacity, and are capable of operating in harsh environmental conditions. Manufacturers are continuously innovating to develop transformers that offer improved performance, durability, and energy efficiency, catering to the evolving needs of the market.
Looking ahead, the market is set for sustained growth, underpinned by the continuous expansion of the power distribution network and the increasing emphasis on fire safety and environmental sustainability in electrical installations. The push towards renewable energy sources and the electrification of transport are expected to further drive the demand for dry type transformers, as these applications often require reliable and safe power distribution solutions.
Market Segmentation
The market can be divided based on type, phase, voltage, and region.
Market Breakup by Type
- Power Transformer
- Distribution Transformer
Market Breakup by Phase
- Single-Phase
- Three-Phase
Market Breakup by Voltage
- Low
- Medium
- High
Market Breakup by Region
- New England
- Mideast
- Great Lakes
- Plains
- Southeast
- Southwest
- Rocky Mountain
- Far West
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United States dry type transformer market. Some of the major players explored in the report by Expert Market Research are as follows:
- ABB Ltd.
- Schneider Electric SE
- Siemens AG
- HD Hyundai Electric Co., Ltd.
- Eaton Corporation Plc
- Emerson Electric Co.
- Kirloskar Electric Co., Ltd.
- Hammond Power Solutions Inc.
- JST Power Equipment, Inc.
- MGM Transformer Company
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Dry Type Transformer Market Overview
8.1 Key Industry Highlights
8.2 North America Dry Type Transformer Historical Market (2018-2023)
8.3 North America Dry Type Transformer Market Forecast (2024-2032)
8.4 North America Dry Type Transformer Market Share by Country
8.4.1 United States
8.4.2 Canada
9 United States Dry Type Transformer Market Overview
9.1 Key Industry Highlights
9.2 United States Dry Type Transformer Historical Market (2018-2023)
9.3 United States Dry Type Transformer Market Forecast (2024-2032)
10 United States Dry Type Transformer Market by Type
10.1 Power Transformer
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Distribution Transformer
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 United States Dry Type Transformer Market by Phase
11.1 Single-Phase
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Three-Phase
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 United States Dry Type Transformer Market by Voltage
12.1 Low
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Medium
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 High
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 United States Dry Type Transformer Market by Region
13.1 New England
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Mideast
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Great Lakes
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Plains
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Southeast
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Southwest
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
13.7 Rocky Mountain
13.7.1 Historical Trend (2018-2023)
13.7.2 Forecast Trend (2024-2032)
13.8 Far West
13.8.1 Historical Trend (2018-2023)
13.8.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 ABB Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Schneider Electric SE
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Siemens AG
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 HD Hyundai Electric Co., Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Eaton Corporation Plc
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Emerson Electric Co.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Kirloskar Electric Co., Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Hammond Power Solutions Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 JST Power Equipment, Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 MGM Transformer Company
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Dry Type Transformer Market: Key Industry Highlights, 2018 and 2032
2. United States Dry Type Transformer Market: Key Industry Highlights, 2018 and 2032
3. United States Dry Type Transformer Historical Market: Breakup by Type (USD Billion), 2018-2023
4. United States Dry Type Transformer Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. United States Dry Type Transformer Historical Market: Breakup by Phase (USD Billion), 2018-2023
6. United States Dry Type Transformer Market Forecast: Breakup by Phase (USD Billion), 2024-2032
7. United States Dry Type Transformer Historical Market: Breakup by Voltage (USD Billion), 2018-2023
8. United States Dry Type Transformer Market Forecast: Breakup by Voltage (USD Billion), 2024-2032
9. United States Dry Type Transformer Historical Market: Breakup by Region (USD Billion), 2018-2023
10. United States Dry Type Transformer Market Forecast: Breakup by Region (USD Billion), 2024-2032
11. United States Dry Type Transformer Market Structure
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