Market Overview:
The global dry potential transformer market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electric power and rising investments in transmission and distribution infrastructure. In terms of type, the high voltage electric segment is expected to lead the market during the forecast period, owing to its growing demand for electricity across various industries. In terms of application, process industries are expected to account for a major share of the global dry potential transformer market during the forecast period.
Product Definition:
A dry potential transformer is a transformer used to measure the voltage between two points in an electrical circuit, usually with a high degree of accuracy. They are often used in conjunction with other instruments, such as voltmeters and ammeters, in order to measure the voltage or current at a specific point in an electrical system.
High Voltage Electric:
High voltage electric is the electrical energy greater than 24V. It’s majorly used in dry potential transformer which has a wide range of applications such as arc welding, cutting tools, and others. The market for high voltage dry potential transformer is expected to grow at a significant rate owing to its increasing demand across various industries such as oil & gas, power generation and chemical industry among others.
Medium Voltage Electric:
The medium voltage electric is the range of AC voltage between 100V and 1,000V. It is used in dry potential transformer for power supply to drive the equipment such as arc furnaces, heaters, etc. The dry potential transformer has two main parts which are a primary coil and a secondary coil. The high voltage electric current flows through the primary coil and then it goes to secondary coil through an electrical circuit by using low-voltage electricity from its other end.
Application Insights:
Based on the application, the global dry potential transformer market has been segmented into process industries, power transmission, residential, railways and others. The power transmission sector dominated the overall industry in terms of revenue share in 2017. Factors such as growing demand for electricity from remote areas coupled with an increase in investments by governments to develop infrastructure have led to a significant growth of this segment over the recent past.
The railways application is anticipated to witness a CAGR of XX% during the forecast period owing to increasing government funding for railway development projects across various regions including Asia Pacific and Middle East & Africa which is likely to result in increased construction activities over next few years. In addition, favorable government policies regarding railway electrification are also expected drive demand over upcoming years.
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 industrialization, rising population, rapid urbanization along with growing demand for electricity. China is anticipated to dominate Asia Pacific dry potential transformer market owing to its large-scale manufacturing sector including electrical & electronics industry.
The North America regional market accounted for a share of more than 20% in 2017 on account of presence of prominent players such as General Electric; Siemens AG; Alstom; Andhra Pradesh Power Transmission Corporation Limited (APPTCL) and Transpower New Zealand Ltd., among others. Moreover, these companies are also focusing on developing new products by collaborating with local manufacturers thus contributing toward increased demand across this region as well as other regions across the world.
Europe dry potential transformer market was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Rapid urbanization and electrification in rural areas
- Growing investments in renewable energy sources such as solar and wind power
- Proliferation of smart grids and the Internet of Things (IoT) that enable two-way communication between devices for improved efficiency and reliability
- Stringent government regulations mandating the use of energy-efficient technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Dry Potential 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, ABB
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
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Dry Potential Transformer Market Report Segments:
The global Dry Potential 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
- ABB
Highlights of The Dry Potential 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 Potential 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
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- Consumer Insights
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- Product & Brand Management
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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 potential transformer is a device that can be used to change the electrical potential of a fluid. This can be useful in many applications, such as powering devices or transferring energy.
Some of the key players operating in the dry potential transformer market are ABB, Siemens, Schneider Electrics, General Electric, Mitsubishi Electric, BHEL, Nissin Electric, CG Power, Emek, ABB.
The dry potential transformer market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Dry Potential Transformer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Dry Potential Transformer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Dry Potential Transformer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Dry Potential Transformer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Dry Potential Transformer Market Size & Forecast, 2018-2028
4.5.1 Dry Potential Transformer Market Size and Y-o-Y Growth
4.5.2 Dry Potential Transformer Market Absolute $ Opportunity
Chapter 5 Global Dry Potential Transformer Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Dry Potential Transformer Market Size Forecast by Type
5.2.1 High Voltage Electric
5.2.2 Medium Voltage Electric
5.2.3 Low Voltage Electric
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Dry Potential Transformer Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Dry Potential Transformer Market Size Forecast by Applications
6.2.1 Process Industries
6.2.2 Power Transmission
6.2.3 Residential
6.2.4 Railways
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Dry Potential Transformer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Dry Potential Transformer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Dry Potential Transformer Analysis and Forecast
9.1 Introduction
9.2 North America Dry Potential Transformer Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Dry Potential Transformer Market Size Forecast by Type
9.6.1 High Voltage Electric
9.6.2 Medium Voltage Electric
9.6.3 Low Voltage Electric
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Dry Potential Transformer Market Size Forecast by Applications
9.10.1 Process Industries
9.10.2 Power Transmission
9.10.3 Residential
9.10.4 Railways
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Dry Potential Transformer Analysis and Forecast
10.1 Introduction
10.2 Europe Dry Potential Transformer Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Dry Potential Transformer Market Size Forecast by Type
10.6.1 High Voltage Electric
10.6.2 Medium Voltage Electric
10.6.3 Low Voltage Electric
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Dry Potential Transformer Market Size Forecast by Applications
10.10.1 Process Industries
10.10.2 Power Transmission
10.10.3 Residential
10.10.4 Railways
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Dry Potential Transformer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Dry Potential Transformer Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Dry Potential Transformer Market Size Forecast by Type
11.6.1 High Voltage Electric
11.6.2 Medium Voltage Electric
11.6.3 Low Voltage Electric
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Dry Potential Transformer Market Size Forecast by Applications
11.10.1 Process Industries
11.10.2 Power Transmission
11.10.3 Residential
11.10.4 Railways
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Dry Potential Transformer Analysis and Forecast
12.1 Introduction
12.2 Latin America Dry Potential Transformer Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Dry Potential Transformer Market Size Forecast by Type
12.6.1 High Voltage Electric
12.6.2 Medium Voltage Electric
12.6.3 Low Voltage Electric
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Dry Potential Transformer Market Size Forecast by Applications
12.10.1 Process Industries
12.10.2 Power Transmission
12.10.3 Residential
12.10.4 Railways
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Dry Potential Transformer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Dry Potential Transformer Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Dry Potential Transformer Market Size Forecast by Type
13.6.1 High Voltage Electric
13.6.2 Medium Voltage Electric
13.6.3 Low Voltage Electric
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Dry Potential Transformer Market Size Forecast by Applications
13.10.1 Process Industries
13.10.2 Power Transmission
13.10.3 Residential
13.10.4 Railways
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Dry Potential Transformer Market: Competitive Dashboard
14.2 Global Dry Potential Transformer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 Schneider Electrics
14.3.4 General Electric
14.3.5 Mitsubishi Electric
14.3.6 BHEL
14.3.7 Nissin Electric
14.3.8 CG Power
14.3.9 Emek
14.3.10 ABB
