Selbyville, DE -- (SBWIRE) -- 12/21/2018 -- The newly released research at Market Study Report titled "2017-2024 Global Dry type Transformer Market Report" provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.

Dry type transformer market is projected to witness upsurge owing to its economical cost structure along with efficient noiseless operations. Effective applicability across underground substations coupled with expanding medium & low voltage renewable networks will foster the product deployment. The technology has gained appreciable penetration across industrial establishments on account of its lower toxicity when compared to its conventional counterparts. Thereby, advancing product precision coupled with growing demand for sustainable units will positively impact the business outlook.

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Dry Type Transformer Market will exceed USD 9 billion by 2024, according to a new research report.
UK dry type transformer market is set to reach over 14,000 annual unit installations by 2024. Stringent energy efficiency norms coupled with advancing smart transformer technologies will positively influence the industry growth. Utilities and private participants in line with the renewable targets led by the European Union have aligned their focus towards the expansion of sustainable electric networks. Thereby, pragmatic adoption of low and medium renewable systems across suburban establishments will boost the product demand.

Rapid economic proliferation across developing regions adhered by expanding commercial and industrial establishments will drive the Vacuum Pressure Impregnated (VPI) dry type transformer market. Sustainable mechanical and short circuit strength complemented by minimized leakage and fire hazard tendencies will fuel the business growth. In addition, rapid technological enhancements have led to significant improvement in terms of efficiency and operational flexibility which in turn have instituted a favorable business scenario.
Three phase dry type transformer market is projected to witness growth of over 9% by 2024. The industry has undergone significant upsurge on account of growing inclination towards the establishment of a sustainable grid infrastructure to ensure security of supply. Ongoing electrification reforms to cater the rising demand coupled with competitive cost structure and operational reliability will encourage the product deployment.

Ongoing technological advancements coupled with rising inclination towards the replacement of conventional insulated systems will augment the dry type transformer market. Elimination of spills & leakage coupled with effective operations under climatic extremities will further uplift the product demand. Furthermore, improved surge resistance adhered by effective short circuit protection will positively influence the industry growth.

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Report Table of Content:

Chapter 1. Methodology and Scope

1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition & forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary

Chapter 2. Executive Summary

2.1. Dry type transformer industry 360 degree synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Core trends
2.1.3. Technology trends
2.1.4. Insulation trends
2.1.5. Product trends
2.1.6. Phase trends
2.1.7. Installation trends
2.18. Winding trends
2.1.9. Rating trends
2.1.10. Mounting trend
2.1.11. Application trends
2.1.12. Regional trends

Chapter 3. Dry type Transformer Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Import and export landscape
3.4.1. Electrical Transformers
3.5. Price trend analysis, by region
3.5.1. North America
3.5.2. Europe
3.5.3. Asia Pacific
3.5.4. Middle East
3.5.5. Africa
3.5.6. Latin America
3.6. Price trend analysis, by product
3.6.1. Open wound
3.6.2. Cast resin
3.6.3. Vacuum pressure impregnated

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