Selbyville,Delaware, United States,Nov 18 2020 (WiredRelease) Global Market Insights, Inc–:Consistently rising need to replace ageing traditional insulation technologies across the U.S. is poised to drive North America dry type transformer market outlook. Ongoing technological enhancements in the field of transformers is likely to boost the business landscape. Dry type transformers are witnessing major deployment on account of extensive ability of the product to exhibit superior performance in harsh environmental conditions as well as the ability to eliminate the possibility of spills and leakages.
Moreover, high resistivity to abrupt current surge and short circuit events aligned with operational security and safety in indoor applications may further bolster product demand in the coming years. It has been estimated that North America dry type transformer market size will cross the USD 1.5 billion mark by 2025.
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Cast resin dry type transformers are witnessing high demand on account of reliable operational performance of the product. Significant technological improvements in the existing products will further provide impetus to the industry. Manufacturers are increasingly focused towards expanding product application range in various sectors. Cast resin dry type transformers market share is forecast to showcase exponential growth rate over the analysis period.
Shell core transformers are being deployed worldwide as they offer improved system efficiencies and cost effective operations when compared to the alternatives available in the market. Introduction of smart monitoring technologies compatible with this high end versatile product will encourage product adoption. Shell core transformer industry is anticipated to exceed an annual installation of 5,000 units by the end of 2025.
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Pole-mounted dry type transformer industry is expected to trace appreciable momentum over the analysis period on account of large unit installations across the U.S. to deliver power distribution over long distances. There is a huge potential for technological expansion across North America which is currently facing issues due to limited grid access of distant load centers.
Self-air transformers will register notable installation rate due to superior product attributes including improved cooling properties as well as enhanced compatibility in high voltage applications, as compared to its counterparts. Optimal cooling strength and ease of installation are some of the other key parameters which are resulting in the equipment adoption. However, leakage, health & fire hazards associated with these transformers may hamper their deployment.
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Class A & B transformers are widely utilized in electrical networks which have relatively lower transformation capacity and cater to limited peak demand. The product possesses a compact configuration, good insulation property as well as cost efficiency. However, the products will showcase moderate demand due to consumer apprehension and stiff competition from alternatives.
North America dry type transformer market share is majorly driven by major investments directed towards the upgradation of long-route networks of electricity across Canada, Mexico and the U.S. For instance, the government across the U.S. planned in 2017 to invest USD 10 billion developing new power distribution systems to substantially lessen the curtailment rate of Western transmission networks.
Key players comprising the competitive hierarchy of North America dry type transformer market include ABB, Toshiba, Schneider, WEG, Siemens, Eaton, Pioneer, Power, Rex Power, MGM, Olsun, Hammond, Niagara Transformers, CG, Neeltran, Virginia & Georgia Transformers, Marcus, Electric Power and Atlas Deemsa, amongst others.
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source https://wiredrelease.com/press-release/north-america-dry-type-transformer-market-to-grow-with-6-9-cagr-by-2025industry-size-share-growth-technology-2-2020-11-17
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