The North America dry-type transformer market is estimated to record a CAGR of 6.74%, during the forecast period of 2021 to 2028. The region’s key market growth drivers include the increased adoption of renewable energy generation and new metro projects. The North America dry-type transformer market growth is assessed by analyzing the United States and Canada. Presently, the United States is rapidly investing in upgrading, expanding, and replacing existing and new distribution and transmission infrastructure.
NORTH AMERICA DRY-TYPE TRANSFORMER MARKET FORECAST 2021-2028
North America Dry-type Transformer Market by Type (Dry-type Converter Transformer, Dry-type Rectifier Transformer) by Technology (Cast Resin, Vacuum Pressure Impregnated) by Phase (Single-phase, Three-phase) by Voltage (Low-voltage, Medium-voltage) by End-user (Industrial (Marine, Chemical, Oil & Gas Industry, Renewable Energy Generation, Railway, Others), Commercial, Others) and by Geography.
The North America dry-type transformer market is estimated to record a CAGR of 6.74%, during the forecast period of 2021 to 2028. The region’s key market growth drivers include the increased adoption of renewable energy generation and new metro projects.
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The North America dry-type transformer market growth is assessed by analyzing the United States and Canada. Presently, the United States is rapidly investing in upgrading, expanding, and replacing existing and new distribution and transmission infrastructure. These are mainly driven by the need to enhance the reliability and capacity of the networks, and the long-term regulatory demands. Moreover, the investments are projected to be among the critical drivers for the United States’ dry-type transformers market.
On the other hand, the United States has efficiently managed its peak power demand over recent years, mainly by deploying demand-response systems. For instance, the number of customers under the demand-response program increased by 2%, the potential peak demand increased by 16%, whereas, the actual peak demand increased only by 3%, over the same period. Thus, with the country’s demand-response systems, the installation of the smart grid is anticipated to rise. Also, installing a smart grid requires upgrading the old transmission and distribution network, thereby facilitating the demand for dry-type transformers. Hence, these factors are expected to propel the market growth.
Headquartered in the United States, General Electric Company is a high-tech industrial enterprise, operating in over 170 nations. Its operating segments include renewable energy, power, capital, and aviation, and healthcare. Additionally, the company’s renewable energy segment manufactures high voltage equipment, wind power solutions, hydropower plants, automation and protection equipment, and power electronics.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- Â Â KEY DRIVER
- GROWING DEMAND FOR ELECTRICITY FOR DIFFERENT END-USERS
- GROWING ADOPTION OF NON-CONVENTIONAL AND RENEWABLE ENERGY
- AGING DISTRIBUTION AND TRANSMISSION INFRASTRUCTURE
- Â Â KEY RESTRAINTS
- DEVELOPMENT OF SOLID-STATE TRANSFORMERS (SSTS)
- LIMITATIONS OF OIL-COOLED TRANSFORMERS
- Â Â KEY DRIVER
- KEY ANALYTICS
- IMPACT OF COVID-19 ON DRY-TYPE TRANSFORMER MARKET
- KEY INVESTMENT INSIGHTS
-   PORTER’S FIVE FORCE ANALYSIS
- BUYER POWER
- SUPPLIER POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- REGULATORY FRAMEWORK
- MARKET BY TYPE
- DRY-TYPE CONVERTER TRANSFORMER
- DRY-TYPE RECTIFIER TRANSFORMER
- MARKET BY TECHNOLOGY
- CAST RESIN
- VACUUM PRESSURE IMPREGNATED
- MARKET BY PHASE
- SINGLE-PHASE
- THREE-PHASE
- MARKET BY VOLTAGE
- LOW-VOLTAGE
- MEDIUM-VOLTAGE
- MARKET BY END-USER
- Â Â INDUSTRIAL
- MARINE
- CHEMICAL
- OIL & GAS INDUSTRY
- RENEWABLE ENERGY GENERATION
- RAILWAY
- OTHERS
- COMMERCIAL
- OTHERS
- Â Â INDUSTRIAL
- GEOGRAPHICAL ANALYSIS
- Â Â NORTH AMERICA
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- Â Â COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- Â Â NORTH AMERICA
- COMPETITIVE LANDSCAPE
- Â Â KEY STRATEGIC DEVELOPMENTS
- MERGER & ACQUISITIONS
- PRODUCT LAUNCH & DEVELOPMENTS
- PARTNERSHIP, CONTRACT/AGREEMENT & COLLABORATION
- Â Â COMPANY PROFILE
- BHARAT HEAVY ELECTRICALS LTD
- EATON CORPORATION PLC
- FUJI ELECTRIC CO LTD
- GENERAL ELECTRIC COMPANY
- HAMMOND POWER SOLUTIONS INC
- HANLEY ENERGY GCC
- HITACHI LTD
- HYOSUNG HEAVY INDUSTRIES
- KIRLOSKAR ELECTRIC CO LTD
- POWER SP ZOO
- SCHNEIDER ELECTRIC SE
- SIEMENS AG
- TBEA CO LTD
- VOLTAMP TRANSFORMERS LTD
- WEG GROUP
- CROMPTON GREAVES LIMITED
- ABB LTD
- HYUNDAI HEAVY INDUSTRIES CO LTD
- Â Â KEY STRATEGIC DEVELOPMENTS
TABLE LIST
TABLE 1: MARKET SNAPSHOT – DRY-TYPE TRANSFORMER
TABLE 2: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 3: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 4: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 5: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 6: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY PHASE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 7: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY PHASE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 9: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 11: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 12: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY INDUSTRIAL, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 13: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY INDUSTRIAL, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 14: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 15: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 16: LEADING PLAYERS OPERATING IN NORTH AMERICA DRY-TYPE TRANSFORMER MARKET
FIGURE LISTÂ
FIGURE 1: KEY INVESTMENT INSIGHTS
FIGURE 2: PORTER’S FIVE FORCE ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020
FIGURE 6: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY DRY-TYPE CONVERTER TRANSFORMER, 2021-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY DRY-TYPE RECTIFIER TRANSFORMER, 2021-2028 (IN $ MILLION)
FIGURE 8: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2020
FIGURE 9: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY CAST RESIN, 2021-2028 (IN $ MILLION)
FIGURE 10: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY VACUUM PRESSURE IMPREGNATED, 2021-2028 (IN $ MILLION)
FIGURE 11: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, GROWTH POTENTIAL, BY PHASE, IN 2020
FIGURE 12: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY SINGLE-PHASE, 2021-2028 (IN $ MILLION)
FIGURE 13: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY THREE-PHASE, 2021-2028 (IN $ MILLION)
FIGURE 14: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, GROWTH POTENTIAL, BY VOLTAGE, IN 2020
FIGURE 15: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY LOW-VOLTAGE, 2021-2028 (IN $ MILLION)
FIGURE 16: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY MEDIUM-VOLTAGE, 2021-2028 (IN $ MILLION)
FIGURE 17: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020
FIGURE 18: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY INDUSTRIAL, 2021-2028 (IN $ MILLION)
FIGURE 19: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY MARINE, 2021-2028 (IN $ MILLION)
FIGURE 20: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY CHEMICAL, 2021-2028 (IN $ MILLION)
FIGURE 21: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY OIL AND GAS, 2021-2028 (IN $ MILLION)
FIGURE 22: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY RENEWABLE ENERGY, 2021-2028 (IN $ MILLION)
FIGURE 23: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY RAILWAY, 2021-2028 (IN $ MILLION)
FIGURE 24: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)
FIGURE 25: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY COMMERCIAL, 2021-2028 (IN $ MILLION)
FIGURE 26: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)
FIGURE 27: NORTH AMERICA DRY-TYPE TRANSFORMER MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 28: UNITED STATES DRY-TYPE TRANSFORMER MARKET, 2021-2028 (IN $ MILLION)
FIGURE 29: CANADA DRY-TYPE TRANSFORMER MARKET, 2021-2028 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- Â Â NORTH AMERICA
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- Â Â COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- Â Â NORTH AMERICA
- MARKET BY TYPE
- DRY-TYPE CONVERTER TRANSFORMER
- DRY-TYPE RECTIFIER TRANSFORMER
- MARKET BY TECHNOLOGY
- CAST RESIN
- VACUUM PRESSURE IMPREGNATED
- MARKET BY PHASE
- SINGLE-PHASE
- THREE-PHASE
- MARKET BY VOLTAGE
- LOW-VOLTAGE
- MEDIUM-VOLTAGE
- MARKET BY END-USER
- Â Â INDUSTRIAL
- MARINE
- CHEMICAL
- OIL & GAS INDUSTRY
- RENEWABLE ENERGY GENERATION
- RAILWAY
- OTHERS
- COMMERCIAL
- OTHERS
- Â Â INDUSTRIAL
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