Dry Type Transformers Market Size Latest Estimate, Indystry Share and Revenue Growth post Covid-19
Pune, Maharashtra, India, September 17 2020 (Wiredrelease) Absolute Reports Pvt. Ltd :The global dry type transformers market is projected to gain momentum from the increasing demand for electricity due to rapid industrialization across the world. This information is published in an upcoming report byFortune Business Insights, titled, Dry Type Transformers Market Size, Share and Global Trend By Technology (Cast Resin, Vacuum Pressure Impregnated), By Voltage Type (Low Voltage, Medium Voltage), By Application (Industrial, Commercial, Others), By Phase (Single, Three) and Geography Forecast till 2026. As per the report, an increasing demand for safety over liquid-filled transformers as well as demand for eco-friendly products will also contribute to the growing global dry type transformers market salesin the forthcoming years. However, expensive nature of products is one of the significant factors that may hinder growth of the global market in the coming years.
The report offers detailed analyses of growth drivers, hindrances, current trends, future prospects, and regions. Apart from these, the report helps in providing elaborative information on the segments present in the global dry type transformers market. It does not fail to pin-point the global market competition dynamics to offer an in-depth competitive edge.
To get the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/industry-reports/dry-type-transformers-market-100913
Increasing Investments in Transmission and Distribution Networks to Favor Growth in North America
Geographically, the global dry type transformers market is grouped into Asia Pacific, the Middle East and Africa, North America, Latin America, and Europe. Amongst these regions, North America is projected to be one of the most significant markets for dry type transformers in the coming years. It is likely to occur due to a rise in the investment in distribution and transmission networks that are further aiding in the creation of a wide scope for the electrical components in this region. Europe, on the other hand, is anticipated to support the development of dry type transformers due to increasing industrialization and urbanization.
Asia Pacific is expected to lead the global dry type transformers market because of improving lifestyle of people as well as ever-increasing population. These factors are leading to a rise in energy consumption in emerging countries, such as India and China. In Latin America, countries, namely, Argentina and Brazil are considered to be the major markets due to increasing demand for dry type transformers from various sectors. The government of Argentina is also set to commission multiple large projects, both in the generation and transmission sectors.
Hammond Power Solutions Unveils its Encapsulated Transformers Range Named HPS Titan N
Hammond Power Solutions Inc., a manufacturer of dry-type transformers, based in Canada, announced in January 2019, that its enhanced line of three-phase encapsulated transformers is now available for industrial and remote environmental conditions. The product is called HPS Titan N. It provides state-of-the-art design with technological innovations. The transformer is fully enclosed in silica and epoxy. Hence, it helps the device in preventing ingress of moisture and other airborne contaminants. Improved electrical performance, namely, high impedance, low inrush current, and 10kV BIL aid in minimizing equipment damage and improving safety. Furthermore, a broad range of temperature classes and enhance thermal performance make HPS Titan N adaptable for numerous applications. The new design provides features, such as textured powder coating, wall and floor mount, removable hinged door, and front entry.
Fortune Business Insights profiles some of the renowned companies operating in the global dry type transformers market. They are as follows:
Hammond Power Solutions, Inc., ABB Ltd., Eaton Corporation PLC., Siemens AG, CG Power and Industrial Solutions Ltd., Voltamp Transformers Ltd., Schneider Electric SE, Jinpan International USA Ltd, Bharat Heavy Electricals Ltd., Virginia Transformer Corp Tbea Transformer Industrial Group, Toshiba, Kotsons Pvt., Ltd, Crompton Graves Ltd., Kirloskar Electric
Pre Book-Dry Type Transformers Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/100913
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