Market by Type, Technology, Phase, Voltage, End-user, and Country | Forecast 2021-2028
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.
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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VIEW REPORT1. 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
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)
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)