(MENAFN- Ameliorate Digital Consultancy)
Dry Type Transformer Market in North America to register considerable growth by 2026. Transformers have been and will continue to remain fundamental for the functioning of electrical infrastructure. Unlike oil type transformers, dry type transformers do not require cooling since their windings are enclosed in epoxy resin, rendering them useful for indoor as well as outdoor applications. The North America dry type transformer industry is set to expand at an exponential pace between 2020 and 2026, thanks to the compliance-driven need for the revamping of the already installed electrical systems.
Request for a sample of this research report @
Market to benefit as renewable power generation gains traction
Despite the shift in demand for energy from commercial to residential sector, and from public to private transport facilities in the times of COVID-19, the focus on renewable energy is likely to return as the situation stabilizes. Dry type transformers are ideal solutions for renewable power applications such as solar power generation which necessitates power generation from 0% to 100% through a transformer on a day-to-day basis. As dry type transformers involve an insulation of an epoxy or a cast resin material instead of oil, they can efficiently handle the extreme temperature fluctuations, pushing the Dry Type Transformer Market in North America growth forward.
Auto-transformer industry to exhibit considerable demand
The auto-transformer industry segment is projected to soar during the forthcoming times. The more effective transformation along with higher operational flexibility offered by dry type transformers as compared with available alternatives is pushing the demand for these components. Moreover, dry type transformers are cost-efficient and often come in a compact size. These are ideal parameters for deployment across the auto-transformer industry, supporting the Dry Type Transformer Market in North America outlook.
Emphasis on reduction of greenhouse gas emissions to promote deployment across US
Several regulatory policies and rules aiming at greenhouse gas emission reduction are in effect across Canada and the US. The governments of these nations have been promoting the utilization of dry type transformers with higher energy efficiency with a view to minimize carbon emissions. The implementation of the US Department of Energy (DOE) energy efficiency standards can lead to a reduction of around 264.7 million MT of carbon emissions that are equivalent to the yearly greenhouse gas emissions of nearly 51.75% million automobiles.
Moreover, the benefit of long-term cost savings that accompanies the adoption of superior efficiency dry type transformers can potentially be translated to lower cooling costs and considerably lower energy usage. The US amendment also predicts that from 2016, adherence to the rule can effectuate total cost reduction of about $12.9 billion to both residential and commercial consumers, triggering the Dry Type Transformer Market in North America share over the upcoming years.
Shell type segment to seize considerable revenue share
Shell type transformers are utilized in numerous industrial equipment and components. These transformers have been garnering substantial popularity since they entail low costs, low consumption materials, and occupy minimal space. Furthermore, the cost of maintenance is relatively less when compared to the core type transformers.
Several manufacturers have been offering improved unit productivity in their range of products, boosting the overall Dry Type Transformer Market in North America size. Additionally, the integration of smart technologies for operations such as monitoring can also be a growth factor influencing the North America dry type transformer industry dynamics.
Enhancement of energy efficiency is a primary goal of several manufacturers, and consumers have been replacing their existing transformers with highly efficient, cost-saving dry type transformers across commercial, industrial, and residential sectors.
Request for customization of this report @
Table of Contents (ToC) of the report:
Chapter 8 Dry Type Transformer Market in North America Trends, By Phase (Units) (USD)
8.1 Dry Type Transformer Market in North America share by phase, 2019 & 2026
8.2 Single
8.2.1 Market estimates and forecast, 2015 – 2026
8.2.2 Market estimates and forecast, by country, 2015 – 2026
8.3 Three
8.3.1 Market estimates and forecast, 2015 – 2026
8.3.2 Market estimates and forecast, by country, 2015 – 2026
Chapter 9 Dry Type Transformer Market in North America Share, By Installation (Units) (USD)
9.1 Dry Type Transformer Market in North America share by installation, 2019 & 2026
9.2 Outdoor
9.2.1 Market estimates and forecast, 2015 – 2026
9.2.2 Market estimates and forecast, by country, 2015 – 2026
9.3 Indoor
9.3.1 Market estimates and forecast, 2015 – 2026
9.3.2 Market estimates and forecast, by country, 2015 – 2026
Browse complete Table of Contents (ToC) of this research report @
About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
Contact Us:
Parikhit B.
Corporate Sales,
Graphical Research
Phone: 1-208-273-9852
Email:
Web:
MENAFN21092022004660010643ID1104904962
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.