Market Overview:
The global dry current transformer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for dry current transformers from process industries, power transmission, and railways applications. Additionally, the growing demand for energy-efficient products is also contributing to the growth of this market.
Product Definition:
A dry current transformer is a device used to step up or step down the voltage of an electric current. It is important for electrical systems because it allows for the safe and efficient transmission of electricity.
Measuring Current Transformer:
Current transformer is a device used to step up or step down the voltage of AC power. It's major application includes dry-type current transformers which are widely used in industries such as oil & gas, chemical, and manufacturing. The growth factor for this market is mainly driven by growing industrialization across the globe coupled with rising demand for electric power in emerging economies such as India and China.
Protective Current Transformer:
Protective current transformer is a device used to protect the equipment from the overcurrent and short circuit. It works as a barrier between primary and secondary of an electric circuit. The working principle of protective current transformer is based on magnetic core, which attracts high power electron towards it, due to which it acts as an energy storage medium for high voltage electricity.
The main function of this product is to provide extra insulation capacity against short circuits at higher temperatures.
Application Insights:
Based on application, the market is segmented into process industries, power transmission, residential, railways and others. The power transmission segment dominated the overall industry in terms of revenue share in 2017. Dry current transformers are used for step-up and step-down applications to increase or decrease voltage respectively across a range of dryer than normal electrical conductors such as copper or aluminum.
The railways application segment is expected to witness significant growth over the forecast period owing to increasing railway infrastructure development projects across various regions coupled with rising passenger traffic on existing rail networks worldwide. For instance; In 2016 alone; there were around 31000 new passenger cars added onto European Railways network which resulted in an additional demand for dry current transformers of around 15000 units annually from that year onward.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for power, industrial automation, and traction current in various applications. China is anticipated to witness a surge in dry current transformer production owing to its rapid economic development along with growing demand from other emerging countries such as India and Indonesia.
The North America market was valued at USD X million in 2017 and is projected to grow at an estimated CAGR of XX% over the forecast period due primarily on expanding end-use industries such as oil & gas, petrochemical manufacturing, mining & metals processing coupled with rising penetration of electric vehicles across U.S.
Growth Factors:
- Increasing demand for dry current transformers from the power sector due to the growing need for electricity
- Rising investments in renewable energy sources, which is expected to drive the demand for dry current transformers over the forecast period
- Growing concerns pertaining to environmental pollution and global warming are likely to propel the adoption of dry current transformers across various industries
- Technological advancements in transformer manufacturing are projected to boost the growth of this market during the forecast period
- Stringent government regulations related to energy conservation are anticipated to create new opportunities for players operating in this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Dry Current Transformer Market Research Report
By Type
Measuring Current Transformer, Protective Current Transformer
By Application
Process Industries, Power Transmission, Residential, Railways, Other
By Companies
ABB, Siemens, Schneider Electrics, General Electric, Mitsubishi Electric, BHEL, Nissin Electric, CG Power, Emek
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Dry Current Transformer Market Report Segments:
The global Dry Current Transformer market is segmented on the basis of:
Types
Measuring Current Transformer, Protective Current Transformer
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Process Industries, Power Transmission, Residential, Railways, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Siemens
- Schneider Electrics
- General Electric
- Mitsubishi Electric
- BHEL
- Nissin Electric
- CG Power
- Emek
Highlights of The Dry Current Transformer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Measuring Current Transformer
- Protective Current Transformer
- By Application:
- Process Industries
- Power Transmission
- Residential
- Railways
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Dry Current Transformer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A dry current transformer is a device that converts direct current (DC) into alternating current (AC). It is used to power devices that require AC power, such as electric motors and lights.
Some of the major players in the dry current transformer market are ABB, Siemens, Schneider Electrics, General Electric, Mitsubishi Electric, BHEL, Nissin Electric, CG Power, Emek.
The dry current transformer market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Dry Current Transformer Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Dry Current Transformer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Dry Current Transformer Market - Supply Chain
4.5. Global Dry Current Transformer Market Forecast
4.5.1. Dry Current Transformer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Dry Current Transformer Market Size (000 Units) and Y-o-Y Growth
4.5.3. Dry Current Transformer Market Absolute $ Opportunity
5. Global Dry Current Transformer Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Dry Current Transformer Market Size and Volume Forecast by Type
5.3.1. Measuring Current Transformer
5.3.2. Protective Current Transformer
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Dry Current Transformer Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Dry Current Transformer Market Size and Volume Forecast by Application
6.3.1. Process Industries
6.3.2. Power Transmission
6.3.3. Residential
6.3.4. Railways
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Dry Current Transformer Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Dry Current Transformer Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Dry Current Transformer Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Dry Current Transformer Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Dry Current Transformer Demand Share Forecast, 2019-2026
9. North America Dry Current Transformer Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Dry Current Transformer Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Dry Current Transformer Market Size and Volume Forecast by Application
9.4.1. Process Industries
9.4.2. Power Transmission
9.4.3. Residential
9.4.4. Railways
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Dry Current Transformer Market Size and Volume Forecast by Type
9.7.1. Measuring Current Transformer
9.7.2. Protective Current Transformer
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Dry Current Transformer Demand Share Forecast, 2019-2026
10. Latin America Dry Current Transformer Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Dry Current Transformer Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Dry Current Transformer Market Size and Volume Forecast by Application
10.4.1. Process Industries
10.4.2. Power Transmission
10.4.3. Residential
10.4.4. Railways
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Dry Current Transformer Market Size and Volume Forecast by Type
10.7.1. Measuring Current Transformer
10.7.2. Protective Current Transformer
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Dry Current Transformer Demand Share Forecast, 2019-2026
11. Europe Dry Current Transformer Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Dry Current Transformer Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Dry Current Transformer Market Size and Volume Forecast by Application
11.4.1. Process Industries
11.4.2. Power Transmission
11.4.3. Residential
11.4.4. Railways
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Dry Current Transformer Market Size and Volume Forecast by Type
11.7.1. Measuring Current Transformer
11.7.2. Protective CurrentTransformer
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Dry Current Transformer Demand Share, 2019-2026
12. Asia Pacific Dry Current Transformer Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Dry Current Transformer Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Dry Current Transformer Market Size and Volume Forecast by Application
12.4.1. Process Industries
12.4.2. Power Transmission
12.4.3. Residential
12.4.4. Railways
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Dry Current Transformer Market Size and Volume Forecast by Type
12.7.1. Measuring Current Transformer
12.7.2. Protective Current Transformer
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Dry Current Transformer Demand Share, 2019-2026
13. Middle East & Africa Dry Current Transformer Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Dry Current Transformer Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Dry Current Transformer Market Size and Volume Forecast by Application
13.4.1. Process Industries
13.4.2. Power Transmission
13.4.3. Residential
13.4.4. Railways
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Dry Current Transformer Market Size and Volume Forecast by Type
13.7.1. Measuring Current Transformer
13.7.2. Protective Current Transformer
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Dry Current Transformer Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Dry Current Transformer Market: Market Share Analysis
14.2. Dry Current Transformer Distributors and Customers
14.3. Dry Current Transformer Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Schneider Electrics
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. General Electric
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Mitsubishi Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. BHEL
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nissin Electric
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CG Power
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Emek
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
