Market Overview:
The global dry voltage 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 voltage transformers from process industries, power transmission, and railways applications. Additionally, the growing demand for energy-efficient and reliable power systems is also contributing to the growth of this market. Based on type, the global dry voltage transformer market can be segmented into high voltage electric, medium voltage electric, and low voltage electric transformers. The high-voltage electric transformer segment is expected to account for a major share of the global dry voltage transformer market in 2018 owing to its widespread use in various industrial applications such as oil & gas production plants and refineries.
Product Definition:
A dry voltage transformer (DVT) is an electrical transformer that does not use any type of liquid dielectric insulation between the primary and secondary windings. A DVT is used in applications where there is a potential for fire or explosion if a liquid dielectric were to be used, such as in oil-filled transformers.
High Voltage Electric:
High voltage electric is the voltage range of over 32 Kv. High voltage transformer is used to step up or step down high voltages from a primary source to lower voltages required for the circuit. It’s an essential component in transmission and distribution (T&D) networks as well as in power plants, where it’s used for transforming low-voltage electricity into high-voltage electricity and vice versa.
Medium Voltage Electric:
Electricity is one of the most important and useful forms of energy. It has been a source of light, heat, power, and communication for human kind. The modern world depends on electricity to function properly. There are many uses for electricity other than just lighting up homes and charging gadgets; it can be used in medical devices such as heart pacemakers or even in cars that have electrical systems like car batteries which help them run by providing enough electric current to get the job done.
Application Insights:
The power transmission segment dominated the global dry voltage transformer market in terms of revenue share in 2017. The growth can be attributed to increasing investments for the expansion of electrical grid infrastructure across various regions, including North America and Europe. For instance, as per a study by PwC, the U.S., Canada and Mexico will require around C0 billion (USD 123 billion) by 2030 for upgrading their electricity grids to handle projected electricity demand from renewable sources such as wind energy. Such factors are expected to drive industry growth over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the largest as well as the fastest-growing regional market over the forecast period. The growth of this region is attributed to rapid industrialization and urbanization in countries, such as China, India, Indonesia, Vietnam and Thailand. In addition, increasing demand for electricity in these countries due to growing population has led to an increase in dry voltage transformer installations across various industries.
The Middle East & Africa (MEA) market was valued at USD X million in 2017 owing to large oil & gas reserves present across several African nations including Nigeria and Angola among others. MEA also has a huge presence of power generation facilities that use diesel generators for back up purposes which will drive demand for dry voltage transformers over the next eight years.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid urbanization and electrification in developing countries
- Stringent government regulations for energy efficiency in electrical equipment
- Development of smart grids and renewable energy sources
- Growing demand from the automotive sector
Scope Of The Report
Report Attributes
Report Details
Report Title
Dry Voltage Transformer Market Research Report
By Type
High Voltage Electric, Medium Voltage Electric, Low Voltage Electric
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Dry Voltage Transformer Market Report Segments:
The global Dry Voltage Transformer market is segmented on the basis of:
Types
High Voltage Electric, Medium Voltage Electric, Low Voltage Electric
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 Voltage 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:
- High Voltage Electric
- Medium Voltage Electric
- Low Voltage Electric
- 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 Voltage 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 voltage transformer is a type of electrical transformer that does not use water or oil as the primary fluid to carry electric current.
Some of the major companies in the dry voltage transformer market are ABB, Siemens, Schneider Electrics, General Electric, Mitsubishi Electric, BHEL, Nissin Electric, CG Power, Emek.
The dry voltage transformer market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Dry Voltage 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 Voltage 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 Voltage Transformer Market - Supply Chain
4.5. Global Dry Voltage Transformer Market Forecast
4.5.1. Dry Voltage Transformer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Dry Voltage Transformer Market Size (000 Units) and Y-o-Y Growth
4.5.3. Dry Voltage Transformer Market Absolute $ Opportunity
5. Global Dry Voltage 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 Voltage Transformer Market Size and Volume Forecast by Type
5.3.1. High Voltage Electric
5.3.2. Medium Voltage Electric
5.3.3. Low Voltage Electric
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Dry Voltage 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 Voltage 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 Voltage 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 Voltage 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 Voltage 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 Voltage 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 Voltage Transformer Demand Share Forecast, 2019-2026
9. North America Dry Voltage 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 Voltage 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 Voltage 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 Voltage Transformer Market Size and Volume Forecast by Type
9.7.1. High Voltage Electric
9.7.2. Medium Voltage Electric
9.7.3. Low Voltage Electric
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 Voltage Transformer Demand Share Forecast, 2019-2026
10. Latin America Dry Voltage 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 Voltage 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 Voltage 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 Voltage Transformer Market Size and Volume Forecast by Type
10.7.1. High Voltage Electric
10.7.2. Medium Voltage Electric
10.7.3. Low Voltage Electric
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 Voltage Transformer Demand Share Forecast, 2019-2026
11. Europe Dry Voltage 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 Voltage 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 Voltage 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 Voltage Transformer Market Size and Volume Forecast by Type
11.7.1. High Voltage Electric
11.7.2. Medium Voltage Electric
11.7.3. Low Voltage Electric
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 Voltage Transformer Demand Share, 2019-2026
12. Asia Pacific Dry Voltage 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 Voltage 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 Voltage 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 Voltage Transformer Market Size and Volume Forecast by Type
12.7.1. High Voltage Electric
12.7.2. Medium Voltage Electric
12.7.3. Low Voltage Electric
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 Voltage Transformer Demand Share, 2019-2026
13. Middle East & Africa Dry Voltage 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 Voltage 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 Voltage 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 Voltage Transformer Market Size and Volume Forecast by Type
13.7.1. High Voltage Electric
13.7.2. Medium Voltage Electric
13.7.3. Low Voltage Electric
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 Voltage Transformer Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Dry Voltage Transformer Market: Market Share Analysis
14.2. Dry Voltage Transformer Distributors and Customers
14.3. Dry Voltage 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
