United States Dry Type Transformer Market Report and Forecast 2024-2032

United States Dry Type Transformer Market Outlook

The United States dry type transformer market size reached approximately USD 2.28 billion in 2023. The market is estimated to grow at a CAGR of 7.3% in the forecast period of 2024-2032, reaching a value of around USD 4.30 billion by 2032.

Key Trends in the Market

Dry type transformers are transformers that rely on air, gas, or a solid material as an insulating medium instead of a liquid or a coolant. These transformers do not need to be stored in a fire protection vault unlike standard transformers, require minimal maintenance, and can last for a long period of time.

• Growing usage of dry type transformers due to their safety features in commercial and industrial applications is one of the major factors driving the United States dry type transformer market growth. These transformers are insulated with solid materials such as epoxy resin or air which are non-flammable and non-combustible unlike oil and mitigate the risk of fire during power fluctuations.

• Rising deployment of enclosed and non-ventilated dry type transformers in harsh environments where there is high exposure to chemical and combustive materials also boosts the US market expansion. Such transformers are mostly utilised in food processing, petrochemical, and pulp and paper sectors to prevent unwarranted substances from causing damage to the transformer components.

• Increased integration of smart sensors in dry type transformers for real-time monitoring of temperature and other parameters and early detection of potential failure of assets is also expected to contribute to the United States dry type transformer market demand in the forecast period. These sensors provide timely maintenance to avoid unnecessary repair costs, ensure the on-site safety of workers by preventing accidents, and improve the overall operational performance of transformers.

United States Dry Type Transformer Market Segmentation

Based on type, the market is bifurcated into power transformer and distribution transformer. On the basis of phase, the market is divided into a single-phase and three-phase. Based on voltage, the market is segmented into low, medium, and high.

The major regional markets of dry type transformer in the United States include New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States dry type transformer market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

• ABB Ltd.

• Schneider Electric SE

• Siemens AG

• HD Hyundai Electric Co., Ltd.

• Eaton Corporation Plc

• Emerson Electric Co.

• Kirloskar Electric Co., Ltd.

• Hammond Power Solutions Inc.

• JST Power Equipment, Inc.

• MGM Transformer Company

• Others

Market Share by Type

Distribution dry type transformers occupy a sizeable portion of the United States dry type transformer market share, owing to their increased integration with renewable energy sources into the power grids as they can withstand variable loads. These transformers are also increasingly utilised in urban areas with enclosed spaces as they offer better safety features compared to oil-type transformers.

These transformers also align with the grid modernisation efforts as they offer advanced insulation capabilities, high energy efficiency, and reduced maintenance requirements.

Market Share by Phase

As per the United States dry type transformer market analysis, three-phase transformers account for a substantial market share, due to their ability to provide a higher power load as compared to their single-phase counterparts. The growing expansion of data centres in the USA to meet the rising demand from customers also provides lucrative opportunities for the segment’s growth.

Furthermore, these transformers are lightweight, compact-sized, and easy to install, which makes them an attractive option for urban areas in the country.

Competitive Landscape

ABB Ltd., established in 1988 and headquartered in Zurich, Switzerland, is a global automation and robotics company. The company offers its products and services in the sectors of aluminium, automotive, building and infrastructure, cement, data centre, mining, and power generation, among others. It is also known for its low voltage dry type transformers that are available in the range of vented, non-ventilated, and enclosed.

Schneider Electric SE, founded in 1836, is a global automation and energy management company, headquartered in Rueil-Malmaison, France. Its product portfolio includes circuit breakers and switches, load banks, energy management software solutions, and industrial automation software. The company is also aiding its 1000 suppliers in cutting down carbon emissions by half by the year 2025.

Siemens AG is a multinational technology company, incorporated in 1847 and based in Munch, Germany. The company offers its technology in the sectors of infrastructure, healthcare, and transport, among others. The company is offering a range of eco-friendly dry-type transformers which are insulated with an epoxy quartz powder mixture instead of oil.

Other United States dry type transformer market players include HD Hyundai Electric Co., Ltd., Eaton Corporation Plc, Emerson Electric Co., Kirloskar Electric Co., Ltd., Hammond Power Solutions Inc., JST Power Equipment, Inc., and MGM Transformer Company, among others.

Key Highlights of the Report