NORTH AMERICA DRY TYPE TRANSFORMER MARKET 2021-2028

Energy, Power & Utilities | Power

NORTH AMERICA DRY TYPE TRANSFORMER MARKET 2021-2028

Market by Type, Technology, Phase, Voltage, End-user, and Country | Forecast 2021-2028

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Triton’s report denotes that the North America dry type transformer market is forecasted to upsurge at a CAGR of 7.09% during the forecasted period 2021-2028.


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The countries studied in this market are:

•        United States

•        Canada

Over the years, the consumption of electricity has remained constant in the United States. The country’s power generation is mainly dominated by coal and gas-fired power plants. However, the government has taken measures to shift from coal-based power generation to a cleaner energy source. Additionally, several substation transformers are being upgraded to accommodate the use of renewable energy sources for power generation. Furthermore, the country aims to achieve the target of achieving a significant amount of electricity from renewable sources by 2030 within California. The growing use of renewable energy will enhance the demand for dry type transformers, thereby expanding the growth of the dry type transformer market across the US.

Whereas, Canada’s power sector is primarily dominated by renewable sources, mainly hydropower. For instance, Ontario has observed a robust supply with hydroelectric and natural gas-based power plants, increasing solar and wind power generation. Additionally, the aging electrical infrastructure has led to higher failure rates and surged outages. To tackle this issue, the country is anticipated to renovate the existing T&D infrastructure, which will drive the demand for dry type transformers.

Furthermore, the power sector is witnessing a transformation from a system based on centralized generation to a small-scale generation. Besides, the rise in demand for power is anticipated to witness growth as energy-saving technologies are predicted to outgrow economic expansion. Such developments are expected to expand the development of the dry type transformer market.

Hammond Power Solutions Inc is involved in manufacturing dry type, cast resin, and oil-filled transformer. Its product line comprises various kinds of transformers, autotransformers, and substations. Additionally, dry type transformers are offered under the brand name HPS Millennium, with a voltage of 2.5kV to 5kV. The company has business operations across various locations globally, with headquarters based in Ontario, Canada. 

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Table of Content

1. NORTH AMERICA DRY TYPE TRANSFORMER MARKET - SUMMARY          

2. INDUSTRY OUTLOOK  

2.1. KEY INSIGHTS      

2.1.1. INCREASING POPULARITY OF BIO-BASED AND NAPHTHENIC TRANSFORMER OIL        

2.1.2. DETERIORATION OF TRANSFORMER OIL DUE TO MOISTURE INGRESS       

2.2. IMPACT OF COVID-19 ON DRY TYPE TRANSFORMER MARKET          

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS    

2.3.2. THREAT OF SUBSTITUTE

2.3.3. BARGAINING POWER OF SUPPLIERS

2.3.4. BARGAINING POWER OF BUYERS      

2.3.5. THREAT OF COMPETITIVE RIVALRY  

2.4. MARKET ATTRACTIVENESS MATRIX

2.5. REGULATORY POLICIES & FRAMEWORK   

2.6. VENDOR SCORECARD 

2.7. KEY MARKET STRATEGIES     

2.7.1. CONTRACTS & PARTNERSHIPS          

2.7.2. ACQUISITIONS & MERGERS      

2.7.3. NEW PRODUCT LAUNCHES      

2.8. MARKET DRIVERS         

2.8.1. SURGE IN DOMESTIC DEMAND FOR POWER          

2.8.2. GROWTH IN RENEWABLE ENERGY USE      

2.8.3. INCREASING ADOPTION OF SMART GRID AND GROWING SMART DISTRIBUTION NETWORKS          

2.9. MARKET CHALLENGES

2.9.1. ADOPTION OF SOLID-STATE TRANSFORMERS      

2.9.2. LIMITATIONS OF DRY TYPE TRANSFORMERS        

2.10. MARKET OPPORTUNITIES     

2.10.1. 3D CORE DRY TYPE TRANSFORMER APPLICATIONS    

2.10.2. DEVELOPMENT OF DIGITAL DRY TRANSFORMERS       

3. NORTH AMERICA DRY TYPE TRANSFORMER MARKET - BY TYPE  

3.1. DRY TYPE CONVERTER TRANSFORMER   

3.2. DRY TYPE RECTIFIER TRANSFORMER       

4. NORTH AMERICA DRY TYPE TRANSFORMER MARKET - BY TECHNOLOGY        

4.1. CAST RESIN         

4.2. VACUUM PRESSURE IMPREGNATED          

5. NORTH AMERICA DRY TYPE TRANSFORMER MARKET - BY PHASE          

5.1. SINGLE-PHASE   

5.2. THREE-PHASE    

6. NORTH AMERICA DRY TYPE TRANSFORMER MARKET - BY VOLTAGE     

6.1. LOW-VOLTAGE    

6.2. MEDIUM-VOLTAGE         

7. NORTH AMERICA DRY TYPE TRANSFORMER MARKET - BY END-USER   

7.1. INDUSTRIAL         

7.1.1. MARINE        

7.1.2. CHEMICAL   

7.1.3. OIL AND GAS          

7.1.4. RENEWABLE ENERGY GENERATION 

7.1.5. RAILWAY      

7.1.6. OTHERS       

7.2. COMMERCIAL      

7.3. OTHERS     

8. NORTH AMERICA DRY TYPE TRANSFORMER MARKET – REGIONAL OUTLOOK             

8.1. COUNTRY ANALYSIS    

8.1.1. UNITED STATES    

8.1.2. CANADA                   

9. COMPETITIVE LANDSCAPE 

9.1. ABB LTD

9.2. BHARAT HEAVY ELECTRICALS LTD

9.3. CROMPTON GREAVES LIMITED         

9.4. EATON CORPORATION PLC    

9.5. FUJI ELECTRIC CO LTD

9.6. GENERAL ELECTRIC COMPANY        

9.7. HAMMOND POWER SOLUTIONS INC

9.8. HANLEY ENERGY GCC 

9.9. HITACHI LTD         

9.10. HYOSUNG HEAVY INDUSTRIES       

9.11. HYUNDAI HEAVY INDUSTRIES CO LTD     

9.12. KIRLOSKAR ELECTRIC CO LTD        

9.13. POWER SP Z O O          

9.14. SCHNEIDER ELECTRIC          

9.15. SIEMENS AG      

9.16. TBEA CO LTD     

9.17. VOLTAMP TRANSFORMERS LTD     

9.18. WEG GROUP                  

10. METHODOLOGY & SCOPE  

10.1. RESEARCH SCOPE & DELIVERABLES      

10.2. SOURCES OF DATA     

10.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)

TABLE 2: MARKET ATTRACTIVENESS MATRIX

TABLE 3: VENDOR SCORECARD

TABLE 4: LIST OF CONTRACTS & PARTNERSHIPS

TABLE 5: LIST OF ACQUISITIONS & MERGERS

TABLE 6: LIST OF NEW PRODUCT LAUNCHES

TABLE 7: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 8: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY, 2021-2028 (IN $ MILLION)

TABLE 9: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY PHASE, 2021-2028 (IN $ MILLION)

TABLE 10: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021-2028 (IN $ MILLION)

TABLE 11: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY END-USER, 2021-2028 (IN $ MILLION)

TABLE 12: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY INDUSTRIAL, 2021-2028 (IN $ MILLION)

TABLE 13: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)

List of Figures

FIGURE 1: PORTER’S FIVE FORCES ANALYSIS

FIGURE 2: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY TYPE, 2020 & 2028 (IN %)

FIGURE 3: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY DRY TYPE CONVERTER TRANSFORMER, 2021-2028 (IN $ MILLION)

FIGURE 4: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY DRY TYPE RECTIFIER TRANSFORMER, 2021-2028 (IN $ MILLION)

FIGURE 5: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY, 2020 & 2028 (IN %)

FIGURE 6: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY CAST RESIN, 2021-2028 (IN $ MILLION)

FIGURE 7: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY VACUUM PRESSURE IMPREGNATED, 2021-2028 (IN $ MILLION)

FIGURE 8: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY PHASE, 2020 & 2028 (IN %)

FIGURE 9: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY SINGLE-PHASE, 2021-2028 (IN $ MILLION)

FIGURE 10: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY THREE-PHASE, 2021-2028 (IN $ MILLION)

FIGURE 11: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY VOLTAGE, 2020 & 2028 (IN %)

FIGURE 12: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY LOW-VOLTAGE, 2021-2028 (IN $ MILLION)

FIGURE 13: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY MEDIUM-VOLTAGE, 2021-2028 (IN $ MILLION)

FIGURE 14: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY END-USER, 2020 & 2028 (IN %)

FIGURE 15: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY INDUSTRIAL, 2021-2028 (IN $ MILLION)

FIGURE 16: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY MARINE, 2021-2028 (IN $ MILLION)

FIGURE 17: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY CHEMICAL, 2021-2028 (IN $ MILLION)

FIGURE 18: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY OIL AND GAS, 2021-2028 (IN $ MILLION)

FIGURE 19: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY RENEWABLE ENERGY GENERATION, 2021-2028 (IN $ MILLION)

FIGURE 20: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY RAILWAY, 2021-2028 (IN $ MILLION)

FIGURE 21: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)

FIGURE 22: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY COMMERCIAL, 2021-2028 (IN $ MILLION)

FIGURE 23: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)

FIGURE 24: NORTH AMERICA DRY TYPE TRANSFORMER MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 25: UNITED STATES DRY TYPE TRANSFORMER MARKET 2021-2028 (IN $ MILLION)

FIGURE 26: CANADA DRY TYPE TRANSFORMER MARKET 2021-2028 (IN $ MILLION)

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