Market by Type, Technology, Phase, Voltage, End-user, and Country | Forecast 2021-2028
Triton’s report infers that the Latin America dry type transformer market is anticipated to advance at a CAGR of 6.59% during the considered phase 2021-2028.
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The countries scrutinized in
this market include:
• Brazil
• Mexico
• Rest of Latin America
Brazil is considered to have
the largest power industry in the region, showing potential for transmission
and distribution infrastructure development. However, the country’s political
and economic instability has negatively impacted its initiatives for the
development of power infrastructure. Nevertheless, the government has
introduced multiple initiatives to promote renewable resources, such as solar,
wind, and biomass, across the nations. This has ultimately enhanced the demand
for T&D networks, including dry type transformers. Hence, as stated above,
these developments are estimated to widen the scope and growth of the dry type
transformer market all around Brazil.
On the other hand, the electricity
demand has proliferated over the past few years in Mexico, owing to the surge
in the economy and rising access to electricity. Besides, as per estimates,
this demand is anticipated to upscale each year till 2040. Additionally, the
country’s national grid network records high transmission losses above the
average deficit registered across the OECD nations. To tackle this issue,
several investments in the construction and upgradation of T&D
infrastructure are anticipated, which will further drive the demand for dry
type transformers. Therefore, the growing need to develop the power
infrastructure is expected to open several new opportunities to the dry type
transformer market across Mexico.
Eaton Corporation Plc is a
power management company operating under various business segments, such as
electrical products, hydraulics, aerospace, vehicle, and e-mobility. The
company offers transformers, including medium-voltage dry type transformers,
under its electrical products segment. Eaton serves a wide range of clients
across several regions, including Latin America.
1. LATIN
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. LATIN
AMERICA DRY TYPE TRANSFORMER MARKET - BY TYPE
3.1. DRY
TYPE CONVERTER TRANSFORMER
3.2. DRY
TYPE RECTIFIER TRANSFORMER
4. LATIN
AMERICA DRY TYPE TRANSFORMER MARKET - BY TECHNOLOGY
4.1. CAST
RESIN
4.2. VACUUM
PRESSURE IMPREGNATED
5. LATIN
AMERICA DRY TYPE TRANSFORMER MARKET - BY PHASE
5.1. SINGLE-PHASE
5.2. THREE-PHASE
6. LATIN
AMERICA DRY TYPE TRANSFORMER MARKET - BY VOLTAGE
6.1. LOW-VOLTAGE
6.2. MEDIUM-VOLTAGE
7. LATIN
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. LATIN
AMERICA DRY TYPE TRANSFORMER MARKET – REGIONAL OUTLOOK
8.1. COUNTRY
ANALYSIS
8.1.1. BRAZIL
8.1.2. MEXICO
8.1.3. REST
OF LATIN AMERICA
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
TABLE 1: LATIN 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: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 8: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY TECHNOLOGY, 2021-2028 (IN $ MILLION)
TABLE 9: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY PHASE, 2021-2028 (IN $ MILLION)
TABLE 10: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021-2028, (IN $ MILLION)
TABLE 11: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY END-USER, 2021-2028 (IN $ MILLION)
TABLE 12: LATIN AMERICA DRY TYPE
TRANSFORMER MARKET, BY INDUSTRIAL, 2021-2028 (IN $ MILLION)
TABLE 13: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
FIGURE 1: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 2: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY TYPE, 2020 & 2028 (IN %)
FIGURE 3: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY DRY TYPE CONVERTER TRANSFORMER, 2021-2028 (IN $
MILLION)
FIGURE 4: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY DRY TYPE RECTIFIER TRANSFORMER, 2021-2028 (IN $
MILLION)
FIGURE 5: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY TECHNOLOGY, 2020 & 2028 (IN %)
FIGURE 6: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY CAST RESIN, 2021-2028 (IN $ MILLION)
FIGURE 7: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY VACUUM PRESSURE IMPREGNATED, 2021-2028 (IN $
MILLION)
FIGURE 8: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY PHASE, 2020 & 2028 (IN %)
FIGURE 9: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY SINGLE-PHASE, 2021-2028 (IN $ MILLION)
FIGURE 10: LATIN AMERICA DRY TYPE
TRANSFORMER MARKET, BY THREE-PHASE, 2021-2028 (IN $ MILLION)
FIGURE 11: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY VOLTAGE, 2020 & 2028 (IN %)
FIGURE 12: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY LOW-VOLTAGE, 2021-2028 (IN $ MILLION)
FIGURE 13: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY MEDIUM-VOLTAGE, 2021-2028 (IN $ MILLION)
FIGURE 14: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY END-USER, 2020 & 2028 (IN %)
FIGURE 15: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY INDUSTRIAL, 2021-2028 (IN $ MILLION)
FIGURE 16: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY MARINE, 2021-2028 (IN $ MILLION)
FIGURE 17: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY CHEMICAL, 2021-2028 (IN $ MILLION)
FIGURE 18: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY OIL AND GAS, 2021-2028 (IN $ MILLION)
FIGURE 19: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY RENEWABLE ENERGY GENERATION, 2021-2028 (IN $
MILLION)
FIGURE 20: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY RAILWAY, 2021-2028 (IN $ MILLION)
FIGURE 21: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)
FIGURE 22: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY COMMERCIAL, 2021-2028 (IN $ MILLION)
FIGURE 23: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)
FIGURE 24: LATIN AMERICA DRY
TYPE TRANSFORMER MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 25: BRAZIL DRY TYPE
TRANSFORMER MARKET 2021-2028 (IN $ MILLION)
FIGURE 26: MEXICO DRY TYPE
TRANSFORMER MARKET 2021-2028 (IN $ MILLION)
FIGURE 27: REST OF LATIN
AMERICA DRY TYPE TRANSFORMER MARKET 2021-2028 (IN $ MILLION)