The benefit of dry-type transformers such as moisture-proof and which make it suitable for use near building Types and better efficiency offers over a low voltage, eco-friendly, and safety advantages led to increasing the demand for the target market. However, the booming oil and gas and chemicals sectors, create demand due to need of hazard-free operational environment, led to offer plenty of opportunities for the target market.Dry-Type Transformer market is projected to grow from US $xx billion in 2019 to US$ XX billion by 2029.

The report "Dry-Type Transformer Market By Voltage (Low Voltage, and Medium Voltage), By Type (Power Transformer, and Distribution Transformer), By End-Phase (Single Phase, and Three Phase), and Region - Global Forecast to 2029"

Key Highlights:

• November 2018 ABB launched the sphere's first dry-type (oil-free) digital transformer, known as the ABB AbilityTM TXpertTM Dry, and another innovative product called TXpandTM at its ABB Customer World (ACW) event in Xiamen, China.
• April 2019 HPS offers distribution transformers to meet the latest energy efficiency regulations in Canada. Natural Resources Canada (NRCan) has established new energy competence levels for transformers in Canada effective April 30, 2019. The new NRCan regulation SOR/2018-201 is intended to line up the least energy efficiency levels of dry-type transformers sold in Canada with the latest regulations prescribed by the U.S. Department of Energy (DOE) that were implemented January 1st, 2016.

Key Market Insights from the report:        

Dry-Type Transformer market accounted for US$ XX billion in 2019 and is projected to register a moderate CAGR of XX% over the forecast period. The market report has been segmented based on Hardware, By End-user Industry, and region.

• By voltage dry-type transformer market is classified into low voltage and medium voltage
• By type dry-type transformer market is classified into a power transformer and distribution transformer
• By end-phase dry-type transformer market is classified into a single-phase and three-phase
• By region, North America is expected to domination the market. Owing to constant rising restoration demand for existing grid networks across the nation. Additionally some favourable regulatory for safety improvements of network sustainability coupled with the rapid deployment of smart monitoring and control units lead to drive the growth for the target market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Dry-Type Transformer Market by Offering (Hardware, Software, and Services), By Product (Video Wall, and Standalone Display), By Application (Indoor, and Outdoor), By Vertical (Commercial, Infrastructural, Infrastructural, Industrial), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - forecast till 2034"

The key players operating the Dry-Type Transformer market involves include Siemens AG, Schneider Electric SE, TBEA, Hyundai Heavy Industries Co. Ltd, Hammond Power Solutions, Crompton Greaves Limited, ABB Ltd., and Eaton Corporation. The key players in the market are focusing on improving production facilities.

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