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Report Overview

The United States dry type transformer market size reached approximately USD 2.45 Billion in 2025. The market is estimated to grow at a CAGR of 7.30% in the forecast period of 2026-2035, reaching a value of around USD 4.96 Billion by 2035.

2025

Base Year

2019-2025

Historical Period

2026-2035

Forecast Period

Compound Annual Growth Rate

7.3%

Value in USD Billion

2026-2035


*this image is indicative*

United States Dry-Type Transformer Market Report Summary Description Value
Base Year USD Billion 2025
Historical Period USD Billion 2019-2025
Forecast Period USD Billion 2026-2035
Market Size 2025 USD Billion 2.45
Market Size 2035 USD Billion 4.96
CAGR 2019-2025 Percentage XX%
CAGR 2026-2035 Percentage 7.30%
CAGR 2026-2035 - Market by Region Far West 8.5%
CAGR 2026-2035 - Market by Region Southwest 7.5%
CAGR 2026-2035 - Market by Type Cast Resin 8.0%
CAGR 2026-2035 - Market by Application Industrial 8.5%
Market Share by Region Great Lakes 14.6%

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

The EMR’s report titled “United States Dry Type Transformer Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

  • Power Transformer
  • Distribution Transformer

Market Breakup by Phase

  • Single-Phase
  • Three-Phase

Market Breakup by Voltage

  • Low
  • Medium
  • High

Market Breakup by Region

  • New England
  • Mideast
  • Great Lakes
  • Plains
  • Southeast
  • Southwest
  • Rocky Mountain
  • Far West
CAGR 2026-2035 - Market by Region
Far West 8.5%
Southwest 7.5%
Mideast 6.3%
Plains 5.8%
New England XX%
Great Lakes XX%
Southeast XX%
Rocky Mountain XX%

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

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.

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

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

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.

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

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.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2025, the market reached an approximate value of USD 2.45 Billion.

The market is projected to grow at a CAGR of 7.30% between 2026 and 2035.

The market is estimated to witness a healthy growth in the forecast period of 2026-2035, reaching a value of around USD 4.96 Billion by 2035.

The major market drivers are rising industrialisation, the growing popularity of environmentally friendly transformers, and infrastructure development.

The key trends of the market include the growing usage of dry type transformers due to their safety efficient features, the rising deployment of enclosed and non-ventilated dry type transformers in harsh environments, and increased integration of smart sensors in dry type transformers.

The major regions in the market are New England, the Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.

Different types of transformers are power transformer and distribution transformer.

The key players in the market are 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., and MGM Transformer Company, among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2025
Historical Period 2019-2025
Forecast Period 2026-2035
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Phase
  • Voltage
  • Region
Breakup by Type
  • Power Transformer
  • Distribution Transformer
Breakup by Phase
  • Single-Phase
  • Three-Phase
Breakup by Voltage
  • Low
  • Medium
  • High
Breakup by Region
  • New England
  • Mideast
  • Great Lakes
  • Plains
  • Southeast
  • Southwest
  • Rocky Mountain
  • Far West
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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

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