乾式変圧器市場 – 2030年までの世界予測

Dry Type Transformer Market - Global Forecast To 2030

乾式変圧器市場 - 技術(注型樹脂、真空加圧含浸)、電圧 [低(<1 kV)、中(1~6 kV)、高(36 kV以上)]、相(単相、三相)、用途(産業用、商業用、公共事業用)および地域別- 2030年までの世界予測
Dry Type Transformer Market by Technology (Cast Resin, Vacuum Pressure Impregnated), Voltage (Low (<1 kV), Medium (1–6 kV), High (Above 36 kV)), Phase (Single, Three), Application (Industrial, Commercial, Utility) and Region - Global Forecast to 2030

商品番号 : SMB-42563

出版社MarketsandMarkets
出版年月2025年8月
ページ数265
図表数418
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本レポートでは、乾式変圧器市場を技術(注型樹脂、真空含浸(VPI))、電圧(低(<1 kV)、中(1-36 kV)、高(36 kV以上))、相(単相、三相)、用途(工業、商業、公共事業、その他の用途)、地域別に定義、説明、予測しています。また、市場の詳細な定性および定量分析も提供しています。レポートでは、主要な市場促進要因、制約、機会、課題を包括的に検討しています。また、市場のさまざまな重要な側面も取り上げています。乾式変圧器市場の主要プレーヤーの包括的な分析を実施しました。この分析では、各プレーヤーの事業概要、ソリューションとサービス、主要戦略に関する洞察を提供しています。また、関連する契約、パートナーシップ、合意、新製品の発売、合併、買収、その他の市場における最近の動向も取り上げています。さらに、乾式変圧器エコシステム内の新興企業の競合分析も含まれています。

本レポートは、業界リーダーおよび新規参入企業にとって戦略的なリソースであり、市場とそのサブセグメントの包括的な分析を提供します。ステークホルダーは、本レポートを通じて競争環境を深く理解し、ビジネスポジショニングの明確化と効果的な市場開拓戦略の策定が可能になります。さらに、本レポートは現在の市場動向を詳細に分析し、戦略的意思決定に役立つ重要な推​​進要因、制約、課題、そして機会を明らかにしています。

世界の乾式変圧器市場は、2025年の117億2,000万米ドルから2030年には163億3,000万米ドルに拡大し、年平均成長率(CAGR)6.9%で成長すると予測されています。この成長は、スマートグリッドへの変革とエネルギーシステムの分散化に伴い、耐障害性、安全性、メンテナンスの容易性を備えた電力インフラへの需要の高まりによって牽引されています。電力会社はシステムの信頼性と資産寿命の向上を目指しており、乾式変圧器に統合された予知保全戦略への移行が進んでいます。都市部のビル、産業プラント、データセンター、再生可能エネルギーシステム、EV充電ネットワークなどで広く使用されているこれらの変圧器には、センサー、通信モジュール、IoTベースの診断機能が搭載され、リアルタイムの状態監視と故障予測が可能になっています。さらに、再生可能エネルギーの統合が進み、負荷が変動するにつれて、変圧器は動的な熱ストレスと電気的ストレスにも対処する必要があります。アーク故障検出、過負荷保護、遠隔制御機能を備えた高度な乾式変圧器設計は、電力系統の柔軟性と迅速な故障回復をサポートします。その結果、電力会社や商業ユーザーは、グリッドの回復力を高め、保守コストを削減し、現代の安全性と効率性の基準を満たすために、自動化対応でセンサー対応の乾式変圧器への投資を増やしており、乾式変圧器市場の成長の主要な推進力として予測保守を確立しています。

The global dry-type transformer market is projected to grow from USD 11.72 billion in 2025 to USD 16.33 billion by 2030, at a CAGR of 6.9%. This growth is driven by increasing demand for resilient, safe, and low-maintenance electrical infrastructure, aligned with smart grid transformation and the decentralization of energy systems. As utilities aim to improve system reliability and asset lifespan, there is a growing shift toward predictive maintenance strategies integrated into dry-type transformers. These transformers, commonly used in urban buildings, industrial plants, data centers, renewable energy systems, and EV charging networks, are now fitted with sensors, communication modules, and IoT-based diagnostics to enable real-time condition monitoring and fault prediction. Additionally, with greater integration of renewable energy and fluctuating load conditions, transformers must manage dynamic thermal and electrical stresses. Advanced dry-type transformer designs featuring arc-fault detection, overload protection, and remote-control capabilities support grid flexibility and quick fault recovery. Consequently, utilities and commercial users are increasingly investing in automation-ready, sensor-enabled dry-type transformers to boost grid resilience, lower maintenance costs, and meet modern safety and efficiency standards, solidifying predictive maintenance as a key driver of dry-type transformer market growth.

乾式変圧器市場 - 2030年までの世界予測
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Medium voltage segment to hold largest market share during forecast period

During the forecast period, the medium voltage segment is projected to be the largest by voltage in the dry-type transformer market, driven by its extensive use across industrial, commercial, and utility-scale power distribution networks. Operating typically between 1 kV and 36 kV, medium-voltage dry-type transformers are vital in reducing high-voltage transmission power to usable levels for facilities such as manufacturing plants, data centers, hospitals, educational institutions, transportation hubs, and renewable energy systems.

Their compact form factor, fire-safe characteristics, and maintenance-free operation make them particularly suitable for indoor and densely populated areas, where oil-filled alternatives present higher fire and environmental risks. Moreover, the global momentum toward smart cities, electric vehicle charging infrastructure, and the integration of distributed renewable energy sources is accelerating demand for high-performance, automation-ready medium-voltage transformers capable of managing variable loads and ensuring stable, reliable power delivery.

Vacuum pressure impregnated segment, by technology, to exhibit highest CAGR during forecast period

During the forecast period, the vacuum pressure impregnated (VPI) segment is projected to exhibit the highest CAGR in the dry-type transformer market, driven by its superior mechanical strength, moisture resistance, and thermal performance. VPI transformers are manufactured by impregnating windings with specially formulated varnishes under vacuum and pressure, enhancing insulation and durability. These attributes make them highly suitable for demanding industrial environments, such as chemical plants, mining operations, marine applications, and transportation infrastructure, where exposure to dust, humidity, and mechanical stress is common. The rising need for robust and long-lasting power solutions in harsh operating conditions is accelerating the adoption of VPI technology, especially in regions focusing on heavy industrial growth and grid reliability. Additionally, the VPI process supports better thermal dissipation, contributing to operational efficiency and prolonged equipment life. These factors align with utilities’ growing emphasis on predictive maintenance and lifecycle cost optimization.

乾式変圧器市場 - 2030年までの世界予測 region
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Asia Pacific to be fastest-growing market during forecast period

During the forecast period, Asia Pacific is expected to be the fastest-growing market for dry-type transformers, driven by rapid urbanization, accelerating industrial development, and large-scale investments in infrastructure and renewable energy. Countries such as China, India, Japan, South Korea, and those in Southeast Asia are witnessing a surge in electricity demand due to expanding manufacturing bases, rising population, and growing adoption of electric vehicles and smart city projects. This has led to increased deployment of safe, compact, and fire-resistant transformers, particularly in urban and environmentally sensitive areas where traditional oil-filled units are less suitable. Moreover, regional governments are promoting grid modernization initiatives, electrification of rural areas, and integrating decentralized energy resources, further boosting the need for medium-voltage, low-maintenance dry-type transformers. Asia Pacific also benefits from a strong domestic manufacturing base and supportive policies to improve energy efficiency and reduce carbon emissions. As the region continues to focus on building resilient and sustainable energy infrastructure, the demand for advanced dry-type transformers with features like IoT-based monitoring, predictive maintenance, and eco-friendly insulation is expected to grow significantly.

In-depth interviews have been conducted with chief executive officers (CEOs), directors, and other executives from various key organizations operating in the dry-type transformer market.

  • By Company Type: Tier 1 – 65%, Tier 2 – 24%, and Tier 3 – 11%
  • By Designation: C-level Executives – 30%, Directors – 25%, and Others – 45%
  • By Region: Asia Pacific – 20%, North America – 35%, Europe – 25%, Middle East & Africa – 15%, and South America – 5%

Note: Other designations include engineers and sales & regional managers.

The tiers of the companies are defined based on their total revenue as of 2024: Tier 1: >USD 1 billion, Tier 2: USD 500 million–1 billion, and Tier 3: <USD 500 million.

A few major players with extensive geographic presence dominate the dry-type transformer market. The leading players are Siemens Energy (Germany), Schneider Electric (France), Eaton (Ireland), Toshiba Corporation (Japan), General Electric (US), Hammond Power Solutions (Canada), and Hitachi, Ltd. (Japan).

乾式変圧器市場 - 2030年までの世界予測 ecosystem

Research Coverage:

The report defines, describes, and forecasts the dry-type transformer market, by technology (cast resin, vacuum pressure impregnated (VPI)), voltage (low (<1 kV), medium (1-36 kV), high (above 36 kV)), phase (single-phase, three-phase), application (industrial, commercial, utility, other applications), and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. A comprehensive analysis of the key players in the dry-type transformer market has been conducted. This analysis provides insights into their business overview, solutions and services, and key strategies. It also covers relevant contracts, partnerships, and agreements, along with new product launches, mergers, acquisitions, and other recent developments in the market. Additionally, the report includes a competitive analysis of emerging startups within the dry-type transformer ecosystem.

Reasons to Buy This Report:

This report is a strategic resource for industry leaders and new entrants, offering a comprehensive analysis of the market and its subsegments. It equips stakeholders with a thorough understanding of the competitive landscape, enabling them to refine their business positioning and devise effective go-to-market strategies. Additionally, the report elucidates the current market dynamics, highlighting critical drivers, constraints, challenges, and opportunities that inform strategic decision-making.

The report provides insights on the following points:

  • Analysis of key drivers (increasing demand for energy efficiency, Implementation of stringent environment regulations), restraints (Higher cost of dry-type transformers than oil-filled ones, Susceptibility to moisture and insulation issues), opportunities (Expansion of global electrical infrastructure), and challenges (Limitations in power ratings, Preference for oil-filled transformers) influencing the growth
  • Product Development/Innovation: Innovation in the dry-type transformer space is increasingly centered on solid dielectric insulation, cast resin technologies, and dry air or vacuum-based systems that eliminate the need for flammable or environmentally hazardous fluids. Manufacturers integrate smart relays, SCADA compatibility, arc-flash sensors, partial discharge monitors, and wireless communication modules into their products to support condition-based maintenance and predictive diagnostics. New designs feature modular and plug-and-play architectures, touch-safe terminals, enhanced mechanical endurance, and eco-friendly materials with reduced carbon footprints. Enclosures with corrosion resistance, IP-rated sealing, and anti-vandal features are adopted for robust performance in harsh and outdoor environments, particularly in industrial, transit, and renewable energy deployments.
  • Market Development: Regions such as Asia Pacific, Africa, and South America are seeing strong market development fueled by smart city initiatives, renewable integration, and government-funded electrification projects. Programs such as India’s Revamped Distribution Sector Scheme (RDSS), Brazil’s DER integration roadmap, and Africa’s Last-mile Connectivity Projects drive the widespread deployment of medium-voltage dry-type transformers. These transformers are critical in secondary distribution, especially where fire safety, reduced footprint, and visual aesthetics are key considerations.
  • Market Diversification: Dry-type transformers’ application areas are expanding beyond traditional grid utilities to include EV charging stations, solar and wind farms, commercial real estate, underground metro systems, data centers, and healthcare facilities. Each use case demands customized configurations, ranging from compact, low-noise units for hospitals to automation-ready systems for smart infrastructure and renewables. Manufacturers are responding with low-maintenance, arc-resistant, and modular designs that support scalability, reduce installation time, and enhance safety under fluctuating load conditions.
  • Competitive Assessment: Key players in the dry-type transformer market include Siemens Energy (Germany), Schneider Electric (France), Eaton (Ireland), Toshiba Corporation (Japan), General Electric (US), Hammond Power Solutions (Canada), and Hitachi, Ltd. (Japan). These companies operate global manufacturing networks and strategically invest in regional partnerships, local assembly units, and R&D hubs to cater to evolving grid needs. Their competitive edge lies in offering digitally enabled, eco-efficient, modular transformer solutions that comply with global efficiency, safety, and environmental regulations. By focusing on smart diagnostics, sustainability, and fast deployment, these firms are well-positioned to meet the demand for resilient, future-ready distribution infrastructure.

Table of Contents

1               INTRODUCTION              28

1.1           STUDY OBJECTIVES       28

1.2           MARKET DEFINITION   29

1.3           STUDY SCOPE   29

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      29

1.3.2        INCLUSIONS AND EXCLUSIONS 30

1.3.2.1    By technology        30

1.3.2.2    By voltage               30

1.3.2.3    By phase 30

1.3.2.4    By application       30

1.3.3        YEARS CONSIDERED      31

1.4           CURRENCY CONSIDERED            31

1.5           UNITS CONSIDERED      31

1.6           LIMITATIONS    31

1.7           STAKEHOLDERS               32

1.8           SUMMARY OF CHANGES               32

2               RESEARCH METHODOLOGY       33

2.1           RESEARCH DATA              33

2.1.1        SECONDARY DATA          34

2.1.1.1    Key data from secondary sources       34

2.1.2        PRIMARY DATA 34

2.1.2.1    Key industry insights           35

2.1.2.2    Breakdown of primaries      35

2.2           MARKET BREAKDOWN AND DATA TRIANGULATION                 36

2.3           MARKET SIZE ESTIMATION         37

2.3.1        BOTTOM-UP APPROACH              37

2.3.2        TOP-DOWN APPROACH                38

2.3.3        DEMAND-SIDE ANALYSIS             39

2.3.3.1    Assumptions for demand-side analysis             39

2.3.3.2    Assumptions for demand-side analysis             40

2.3.4        SUPPLY-SIDE ANALYSIS                 41

2.3.4.1    Assumptions for supply-side analysis                41

2.4           GROWTH FORECAST      42

3               EXECUTIVE SUMMARY  43

4               PREMIUM INSIGHTS       47

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN DRY TYPE TRANSFORMER MARKET  47

4.2           DRY TYPE TRANSFORMER MARKET, BY REGION                 48

4.3           DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY                 48

4.4           DRY TYPE TRANSFORMER MARKET, BY VOLTAGE                 49

4.5           DRY TYPE TRANSFORMER MARKET, BY PHASE  49

4.6           DRY TYPE TRANSFORMER MARKET, BY APPLICATION                 49

4.7           ASIA PACIFIC DRY TYPE TRANSFORMER MARKET,  BY TECHNOLOGY AND COUNTRY  50

5               MARKET OVERVIEW       51

5.1           INTRODUCTION              51

5.2           MARKET DYNAMICS       51

5.2.1        DRIVERS               52

5.2.1.1    Rising global demand for energy efficiency      52

5.2.1.2    Implementation of stringent environmental regulations                 52

5.2.1.3    Superior properties and inherent advantages  53

5.2.1.4    Rising adoption of renewable energy sources  53

5.2.2        RESTRAINTS      54

5.2.2.1    High CAPEX due to usage of advanced materials           54

5.2.2.2    Susceptibility to moisture and insulation          55

5.2.3        OPPORTUNITIES              55

5.2.3.1    Expansion of industrial infrastructure               55

5.2.4        CHALLENGES    56

5.2.4.1    Lack of liquid-based cooling               56

5.2.4.2    Preference for oil-filled transformers                57

5.3           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            57

5.4           ECOSYSTEM ANALYSIS  58

5.5           SUPPLY CHAIN ANALYSIS             59

5.6           TECHNOLOGY ANALYSIS             61

5.6.1        KEY TECHNOLOGIES     61

5.6.1.1    Cast resin dry type transformers (CRT)           61

5.6.1.2    Vacuum pressure impregnated (VPI)               61

5.6.2        COMPLEMENTARY TECHNOLOGIES       61

5.6.2.1    Temperature and partial discharge sensing systems       61

5.6.2.2    Forced-air or fan-assisted cooling systems       62

5.6.3        ADJACENT TECHNOLOGIES       62

5.6.3.1    Advanced core materials     62

5.6.3.2    Digital twin and real-time monitoring algorithms           62

5.7           REGULATORY LANDSCAPE         63

5.8           TRADE ANALYSIS             66

5.8.1        IMPORT DATA (HS CODE 8504) 66

5.8.2        EXPORT DATA (HS CODE 8504) 68

5.9           KEY CONFERENCES AND EVENTS, 2025–2026        69

5.10         PATENT ANALYSIS          70

5.11         PRICING ANALYSIS          71

5.11.1      PRICING RANGE OF DRY TYPE TRANSFORMERS, BY VOLTAGE, 2024 71

5.12         CASE STUDY ANALYSIS 72

5.12.1      BEDC IMPROVES TRANSFORMER RELIABILITY BY OPTIMIZING WIRE SIZING AND ADDRESSING OVERLOADING IN UGHELLI BUSINESS UNIT             72

5.12.2      WIND POWER DEVELOPMENTS TO ADDRESS GRID INTEGRATION ISSUES   72

5.12.3      WIND POWER INTEGRATION STRENGTHENS GRID COLLABORATION AND DRIVES POLICY INNOVATION IN ELETRICITY MARKETS  72

5.13         PORTER’S FIVE FORCES ANALYSIS            73

5.13.1      THREAT OF NEW ENTRANTS      74

5.13.2      BARGAINING POWER OF SUPPLIERS       74

5.13.3      BARGAINING POWER OF BUYERS             74

5.13.4      THREAT OF SUBSTITUTES          74

5.13.5      INTENSITY OF COMPETITIVE RIVALRY 74

5.14         KEY STAKEHOLDERS AND BUYING CRITERIA     75

5.14.1      KEY STAKEHOLDERS IN BUYING PROCESS           75

5.14.2      BUYING CRITERIA           75

5.15         IMPACT OF GEN AI/AI ON DRY TYPE TRANSFORMER MARKET               76

5.15.1      ADOPTION OF GEN AI/AI IN DRY TYPE TRANSFORMERS                 76

5.15.2      IMPACT OF GEN AI/AI ON DRY TYPE TRANSFORMER MARKET,  BY REGION  77

5.16         IMPACT OF 2025 US TARIFF ON DRY-TYPE TRANSFORMER MARKET              78

5.16.1      INTRODUCTION              78

5.16.2      KEY TARIFF RATES          78

5.16.3      PRICE IMPACT ANALYSIS             79

5.16.4      IMPACT ON COUNTRY/REGION                80

5.16.4.1  US           80

5.16.4.2  Europe   80

5.16.4.3  Asia Pacific            81

5.16.5      IMPACT ON APPLICATIONS        81

6               DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY                 83

6.1           INTRODUCTION              84

6.2           CAST RESIN        85

6.2.1        ENHANCED FIRE SAFETY AND MINIMAL MAINTENANCE NEEDS TO DRIVE SEGMENTAL GROWTH              85

6.3           VACUUM PRESSURE IMPREGNATED (VPI)            86

6.3.1        ABILITY TO IMPROVE PARTIAL DISCHARGE RESISTANCE TO FUEL MARKET GROWTH             86

7               DRY TYPE TRANSFORMER MARKET, BY VOLTAGE                 88

7.1           INTRODUCTION              89

7.2           LOW VOLTAGE 90

7.2.1        COMPATIBILITY WITH SMART GRID TECHNOLOGIES AND RENEWABLE ENERGY SYSTEMS TO FOSTER SEGMENTAL GROWTH             90

7.3           MEDIUM VOLTAGE         92

7.3.1        INTEGRATION WITH SMART MONITORING SYSTEMS TO SUPPORT MARKET GROWTH              92

7.4           HIGH VOLTAGE                94

7.4.1        INNOVATIONS IN COIL DESIGN AND THERMAL MANAGEMENT TO BOOST DEMAND      94

8               DRY TYPE TRANSFORMER MARKET, BY PHASE  97

8.1           INTRODUCTION              98

8.2           SINGLE PHASE  99

8.2.1        TECHNOLOGICAL ADVANCEMENTS IN THERMAL INSULATION AND ENCAPSULATION TECHNIQUES TO BOOST DEMAND             99

8.3           THREE PHASE   100

8.3.1        ABILITY TO BE CONNECTED ACROSS BROADER ARRAY OF VOLTAGES AND CURRENTS TO FUEL MARKET GROWTH                 100

9               DRY TYPE TRANSFORMER MARKET, BY APPLICATION                 102

9.1           INTRODUCTION              103

9.2           INDUSTRIAL      104

9.2.1        RAPID INDUSTRIALIZATION AND RISING INDUSTRIAL ACTIVITIES TO FOSTER MARKET GROWTH         104

9.3           COMMERCIAL   105

9.3.1        RISING DEMAND FOR TRANSFORMERS FEATURING HIGH SAFETY, ADAPTABILITY, AND ENERGY EFFICIENCY TO SUPPORT MARKET GROWTH     105

9.4           UTILITIES            106

9.4.1        TRANSITION TO CLEANER AND MORE SUSTAINABLE ENERGY SYSTEMS TO DRIVE MARKET   106

9.5           OTHERS                107

10            DRY TYPE TRANSFORMER MARKET, BY REGION                 109

10.1         INTRODUCTION              110

10.2         ASIA PACIFIC     112

10.2.1      CHINA  117

10.2.1.1  Low labor costs and rising industrialization to support market growth    117

10.2.2      JAPAN   120

10.2.2.1  Growing installations of solar farms, offshore wind facilities, and BESS to drive market           120

10.2.3      INDIA    122

10.2.3.1  Growing investments in renewable energy sector to foster market growth    122

10.2.4      SOUTH KOREA  125

10.2.4.1  Rising emphasis on retrofitting aging grid infrastructure to boost demand  125

10.2.5      REST OF ASIA PACIFIC   128

10.3         EUROPE               131

10.3.1      GERMANY           135

10.3.1.1  Rapid expansion of EV charging stations, data centers, and industrial automation to support market growth             135

10.3.2      FRANCE                138

10.3.2.1  Growing emphasis on clean energy investments and smart grid expansion to foster market growth    138

10.3.3      UK          140

10.3.3.1  Thriving construction sector to offer lucrative growth opportunities         140

10.3.4      ITALY    143

10.3.4.1  Transition toward smart grids and digital substations to boost demand  143

10.3.5      SPAIN    145

10.3.5.1  Regulatory emphasis on reducing fire hazards and leakage risks in energy systems to drive market      145

10.3.6      REST OF EUROPE             148

10.4         NORTH AMERICA             150

10.4.1      US           155

10.4.1.1  Growth of utility-scale solar and wind projects to boost demand                 155

10.4.2      CANADA               157

10.4.2.1  Emphasis on upgrading transmission and DERs to foster market growth    157

10.4.3      MEXICO                160

10.4.3.1  Government-led initiatives to enhance grid reliability and resilience to fuel market growth         160

10.5         MIDDLE EAST & AFRICA                162

10.5.1      GCC       167

10.5.1.1  Saudi Arabia          169

10.5.1.1.1                Transition toward renewable energy to foster market growth    169

10.5.1.2  Rest of GCC          172

10.5.2      SOUTH AFRICA 174

10.5.2.1  Government-backed solar initiatives to drive market     174

10.5.3      REST OF MIDDLE EAST & AFRICA             177

10.6         SOUTH AMERICA             180

10.6.1      BRAZIL 184

10.6.1.1  Commitment to decarbonization and energy transition to drive market    184

10.6.2      ARGENTINA       186

10.6.2.1  Promotion of renewable energy projects to support market growth    186

10.6.3      REST OF SOUTH AMERICA           189

11            COMPETITIVE LANDSCAPE         192

11.1         OVERVIEW          192

11.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024                 192

11.3         INDUSTRY CONCENTRATION OF KEY PLAYERS, 2024                 194

11.4         REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2020–2024                 195

11.5         COMPANY EVALUATION MATRIX, KEY PLAYERS, 2024                 196

11.5.1      STARS   196

11.5.2      EMERGING LEADERS     196

11.5.3      PERVASIVE PLAYERS      196

11.5.4      PARTICIPANTS 196

11.5.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         198

11.5.5.1  Region footprint   198

11.5.5.2  Technology footprint           199

11.5.5.3  Application footprint            200

11.5.5.4  Phase footprint     201

11.5.5.5  Voltage footprint  202

11.6         COMPETITIVE SCENARIO             203

11.6.1      DEALS  203

11.6.2      PRODUCT LAUNCHES   203

11.6.3      EXPANSIONS     204

11.6.4      OTHER DEVELOPMENTS              206

12            COMPANY PROFILES      208

12.1         KEY PLAYERS     208

12.1.1      SCHNEIDER ELECTRIC  208

12.1.1.1  Business overview 208

12.1.1.2  Products/Solutions/Services offered 209

12.1.1.3  Recent developments           210

12.1.1.3.1                Other developments             210

12.1.1.4  MnM view              211

12.1.1.4.1                Key strengths/Right to win 211

12.1.1.4.2                Strategic choices   211

12.1.1.4.3                Weaknesses/Competitive threats       211

12.1.2      EATON 212

12.1.2.1  Business overview 212

12.1.2.2  Products/Solutions/Services offered 213

12.1.2.3  Recent developments           214

12.1.2.3.1                Deals      214

12.1.2.3.2                Other developments             215

12.1.2.4  MnM view              215

12.1.2.4.1                Key strengths/Right to win 215

12.1.2.4.2                Strategic choices   215

12.1.2.4.3                Weaknesses/Competitive threats       216

12.1.3      TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION 217

12.1.3.1  Business overview 217

12.1.3.2  Products/Solutions/Services offered 218

12.1.3.3  Recent developments           219

12.1.3.3.1                Expansions             219

12.1.3.4  MnM view              219

12.1.3.4.1                Key strengths/Right to win 219

12.1.3.4.2                Strategic choices   219

12.1.3.4.3                Weaknesses/Competitive threats       220

12.1.4      HITACHI ENERGY LTD  221

12.1.4.1  Business overview 221

12.1.4.2  Products/Solutions/Services offered 222

12.1.4.3  Recent developments           223

12.1.4.3.1                Product launches  223

12.1.4.3.2                Deals      224

12.1.4.3.3                Expansions             224

12.1.4.3.4                Other developments             225

12.1.4.4  MnM view              226

12.1.4.4.1                Key strengths/Right to win 226

12.1.4.4.2                Strategic choices   226

12.1.4.4.3                Weaknesses/Competitive threats       226

12.1.5      SIEMENS ENERGY            227

12.1.5.1  Business overview 227

12.1.5.2  Products/Solutions/Services offered 228

12.1.5.3  Recent developments           229

12.1.5.3.1                Product launches  229

12.1.5.4  MnM view              229

12.1.5.4.1                Key strengths/Right to win 229

12.1.5.4.2                Strategic choices   229

12.1.5.4.3                Weaknesses/Competitive threats       229

12.1.6      GE VERNOVA     230

12.1.6.1  Business overview 230

12.1.6.2  Products/Solutions/Services offered 231

12.1.6.3  Recent Developments          232

12.1.6.3.1                Developments       232

12.1.7      FUJI ELECTRIC CO., LTD.              233

12.1.7.1  Business overview 233

12.1.7.2  Products/Solutions/Services offered 234

12.1.8      CG POWER & INDUSTRIAL SOLUTIONS LTD.      235

12.1.8.1  Business overview 235

12.1.8.2  Products/Solutions/Services offered 236

12.1.8.3  Recent developments           237

12.1.8.3.1                Expansions             237

12.1.9      KIRLOSKAR ELECTRIC COMPANY             238

12.1.9.1  Business overview 238

12.1.9.2  Products/Solutions/Services offered 239

12.1.10   HYOSUNG HEAVY INDUSTRIES 240

12.1.10.1                 Business overview 240

12.1.10.2                 Products/Solutions/Services offered 241

12.1.10.3                 Recent developments           241

12.1.10.3.1             Developments       241

12.1.11   HAMMOND POWER SOLUTIONS               242

12.1.11.1                 Business overview 242

12.1.11.2                 Products/Solutions/Services offered 243

12.1.11.3                 Recent developments           244

12.1.11.3.1             Product launches  244

12.1.11.3.2             Other developments             244

12.1.12   VOLTAMP TRANSFORMER           245

12.1.12.1                 Business overview 245

12.1.12.2                 Products/Solutions/Services offered 245

12.1.12.3                 Recent Development            246

12.1.12.3.1             Expansions             246

12.1.13   WEG      247

12.1.13.1                 Business overview 247

12.1.13.2                 Products/Solutions/Services offered 248

12.1.13.3                 Recent developments           249

12.1.13.3.1             Developments       249

12.1.14   TMC TRANSFORMERS S.P.A.        250

12.1.14.1                 Business overview 250

12.1.14.2                 Products/Solutions/Services offered 250

12.1.14.3                 Recent developments           251

12.1.14.3.1             Deals      251

12.1.14.3.2             Expansions             251

12.1.15   HANLEY ENERGY             252

12.1.15.1                 Business overview 252

12.1.15.2                 Products/Solutions/Services offered 252

12.1.16   ALFANAR GROUP             253

12.1.16.1                 Business overview 253

12.1.16.2                 Products/Solutions/Services offered 253

12.2         OTHER PLAYERS              254

12.2.1      EFACEC                254

12.2.2      TBEA CO., LTD. 254

12.2.3      JST POWER EQUIPMENT, INC.    255

12.2.4      RPT RUHSTRAT POWER TECHNOLOGY GMBH  255

12.2.5      RAYCHEM RPG PRIVATE LIMITED            256

12.2.6      DELTA STAR POWER MANUFACTURING CORP. 256

13            APPENDIX           257

13.1         INSIGHTS FROM INDUSTRY EXPERTS     257

13.2         DISCUSSION GUIDE        257

13.3         KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL                261

13.4         CUSTOMIZATION OPTIONS        263

13.5         RELATED REPORTS         263

13.6         AUTHOR DETAILS           264

LIST OF TABLES

TABLE 1                DRY TYPE TRANSFORMER MARKET: BY TECHNOLOGY  30

TABLE 2                DRY TYPE TRANSFORMER MARKET: BY VOLTAGE            30

TABLE 3                DRY TYPE TRANSFORMER MARKET: BY PHASE                 30

TABLE 4                DRY TYPE TRANSFORMER MARKET: BY APPLICATION   30

TABLE 5                DRY TYPE TRANSFORMER MARKET SNAPSHOT                 43

TABLE 6                COMPANIES AND THEIR ROLE IN DRY TYPE TRANSFORMER ECOSYSTEM      58

TABLE 7                NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  63

TABLE 8                EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  64

TABLE 9                ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  65

TABLE 10              ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  66

TABLE 11              IMPORT DATA FOR HS CODE 8504-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD THOUSAND)      66

TABLE 12              EXPORT DATA FOR HS CODE 8504-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD THOUSAND)      68

TABLE 13              DRY-TYPE TRANSFORMER MARKET: LIST OF KEY CONFERENCES AND EVENTS,  2025–2026     69

TABLE 14              LIST OF MAJOR PATENTS PERTAINING TO DRY TYPE TRANSFORMER MARKET, 2022–2025             70

TABLE 15              PRICING RANGE OF DRY TYPE TRANSFORMERS, BY VOLTAGE     71

TABLE 16              DRY TYPE TRANSFORMER MARKET: PORTER’S FIVE FORCES ANALYSIS 73

TABLE 17              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)  75

TABLE 18              KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 76

TABLE 19              US-ADJUSTED RECIPROCAL TARIFF RATES                 78

TABLE 20              EXPECTED CHANGE IN PRICES AND LIKELY IMPACT ON APPLICATION MARKET

DUE TO TARIFF IMPACT               79

TABLE 21              DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)            84

TABLE 22              DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)            84

TABLE 23             CAST RESIN: DRY TYPE TRANSFORMER MARKET, BY REGION,

2021–2024 (USD MILLION)            85

TABLE 24             CAST RESIN: DRY TYPE TRANSFORMER MARKET, BY REGION,

2025–2030 (USD MILLION)            86

TABLE 25              VACUUM PRESSURE IMPREGNATED (VPI): DRY TYPE TRANSFORMER MARKET,

BY REGION, 2021–2024 (USD MILLION)   87

TABLE 26              VACUUM PRESSURE IMPREGNATED (VPI): DRY TYPE TRANSFORMER MARKET,

BY REGION, 2025–2030 (USD MILLION)   87

TABLE 27              DRY TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2024 (UNITS)     89

TABLE 28              DRY TYPE TRANSFORMER MARKET, BY VOLTAGE, 2025–2030 (UNITS)     89

TABLE 29              DRY TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2024 (USD MILLION)      90

TABLE 30              DRY TYPE TRANSFORMER MARKET, BY VOLTAGE, 2025–2030 (USD MILLION)      90

TABLE 31              LOW VOLTAGE: DRY TYPE TRANSFORMER MARKET, BY REGION,

2021–2024 (UNITS)            91

TABLE 32              LOW VOLTAGE: DRY TYPE TRANSFORMER MARKET, BY REGION,

2025–2030 (UNITS)            91

TABLE 33              LOW VOLTAGE: DRY TYPE TRANSFORMER MARKET, BY REGION,

2021–2024 (USD MILLION)            91

TABLE 34              LOW VOLTAGE: DRY TYPE TRANSFORMER MARKET, BY REGION,

2025–2030 (USD MILLION)            92

TABLE 35              MEDIUM VOLTAGE: DRY TYPE TRANSFORMER MARKET, BY REGION,

2021–2024 (UNITS)            93

TABLE 36              MEDIUM VOLTAGE: DRY TYPE TRANSFORMER MARKET, BY REGION,

2025–2030 (UNITS)            93

TABLE 37              MEDIUM VOLTAGE: DRY TYPE TRANSFORMER MARKET, BY REGION,

2021–2024 (USD MILLION)            93

TABLE 38              MEDIUM VOLTAGE: DRY TYPE TRANSFORMER MARKET, BY REGION,

2025–2030 (USD MILLION)            94

TABLE 39              HIGH VOLTAGE: DRY TYPE TRANSFORMER MARKET, BY REGION,

2021–2024 (UNITS)            95

TABLE 40              HIGH VOLTAGE: DRY TYPE TRANSFORMER MARKET, BY REGION,

2025–2030 (UNITS)            95

TABLE 41              HIGH VOLTAGE: DRY TYPE TRANSFORMER MARKET, BY REGION,

2021–2024 (USD MILLION)            95

TABLE 42              HIGH VOLTAGE: DRY TYPE TRANSFORMER MARKET, BY REGION,

2025–2030 (USD MILLION)            96

TABLE 43              DRY TYPE TRANSFORMER MARKET, BY PHASE, 2021–2024 (USD MILLION)            98

TABLE 44              DRY TYPE TRANSFORMER MARKET, BY PHASE, 2025–2030 (USD MILLION)            98

TABLE 45              SINGLE PHASE: DRY TYPE TRANSFORMER MARKET, BY REGION,

2021–2024 (USD MILLION)            99

TABLE 46              SINGLE PHASE: DRY TYPE TRANSFORMER MARKET, BY REGION,

2025–2030 (USD MILLION)            100

TABLE 47              THREE PHASE: DRY TYPE TRANSFORMER MARKET, BY REGION,

2021–2024 (USD MILLION)            100

TABLE 48              THREE PHASE: DRY TYPE TRANSFORMER MARKET, BY REGION,

2025–2030 (USD MILLION)            101

TABLE 49              DRY TYPE TRANSFORMER MARKET, BY APPLICATION, 2021–2024 (USD MILLION)              103

TABLE 50              DRY TYPE TRANSFORMER MARKET, BY APPLICATION, 2025–2030 (USD MILLION)              104

TABLE 51              INDUSTRIAL: DRY TYPE TRANSFORMER MARKET, BY REGION,

2021–2024 (USD MILLION)            105

TABLE 52              INDUSTRIAL: DRY TYPE TRANSFORMER MARKET, BY REGION,

2025–2030 (USD MILLION)            105

TABLE 53              COMMERCIAL: DRY TYPE TRANSFORMER MARKET, BY REGION,

2021–2024 (USD MILLION)            106

TABLE 54              COMMERCIAL: DRY TYPE TRANSFORMER MARKET, BY REGION,

2025–2030 (USD MILLION)            106

TABLE 55              UTILITIES: DRY TYPE TRANSFORMER MARKET, BY REGION,

2021–2024 (USD MILLION)            107

TABLE 56              UTILITIES: DRY TYPE TRANSFORMER MARKET, BY REGION,

2025–2030 (USD MILLION)            107

TABLE 57              OTHERS: DRY TYPE TRANSFORMER MARKET, BY REGION,

2021–2024 (USD MILLION)            108

TABLE 58              OTHERS: DRY TYPE TRANSFORMER MARKET, BY REGION,

2025–2030 (USD MILLION)            108

TABLE 59              DRY TYPE TRANSFORMER MARKET, BY REGION, 2021–2024 (UNITS)            111

TABLE 60              DRY TYPE TRANSFORMER MARKET, BY REGION, 2025–2030 (UNITS)            111

TABLE 61              DRY TYPE TRANSFORMER MARKET, BY REGION, 2021–2024 (USD MILLION)            111

TABLE 62              DRY TYPE TRANSFORMER MARKET, BY REGION, 2025–2030 (USD MILLION)            112

TABLE 63              ASIA PACIFIC: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            113

TABLE 64              ASIA PACIFIC: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            114

TABLE 65              ASIA PACIFIC: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (UNITS)            114

TABLE 66              ASIA PACIFIC: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (UNITS)            114

TABLE 67              ASIA PACIFIC: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            115

TABLE 68              ASIA PACIFIC: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            115

TABLE 69              ASIA PACIFIC: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2021–2024 (USD MILLION)            115

TABLE 70              ASIA PACIFIC: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2025–2030 (USD MILLION)            116

TABLE 71              ASIA PACIFIC: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            116

TABLE 72              ASIA PACIFIC: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            116

TABLE 73              ASIA PACIFIC: DRY TYPE TRANSFORMER MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            117

TABLE 74              ASIA PACIFIC: DRY TYPE TRANSFORMER MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            117

TABLE 75              CHINA: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            118

TABLE 76              CHINA: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            118

TABLE 77              CHINA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            118

TABLE 78              CHINA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            119

TABLE 79              CHINA: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2021–2024 (USD MILLIONS)          119

TABLE 80              CHINA: DRY TYPE TRANSFORMER MARKET, BY PHASE, 2025–2030 (USD MILLION)             119

TABLE 81              CHINA: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            119

TABLE 82              CHINA: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            120

TABLE 83              JAPAN: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            120

TABLE 84              JAPAN: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            121

TABLE 85              JAPAN: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            121

TABLE 86              JAPAN: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            121

TABLE 87              JAPAN: DRY TYPE TRANSFORMER MARKET, BY PHASE, 2021–2024 (USD MILLION)             121

TABLE 88              JAPAN: DRY TYPE TRANSFORMER MARKET, BY PHASE, 2025–2030 (USD MILLION)             122

TABLE 89              JAPAN: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            122

TABLE 90              JAPAN: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            122

TABLE 91              INDIA: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            123

TABLE 92              INDIA: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            123

TABLE 93              INDIA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            124

TABLE 94              INDIA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            124

TABLE 95              INDIA: DRY TYPE TRANSFORMER MARKET, BY PHASE, 2021–2024 (USD MILLION)             124

TABLE 96              INDIA: DRY TYPE TRANSFORMER MARKET, BY PHASE, 2025–2030 (USD MILLION)             124

TABLE 97              INDIA: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            125

TABLE 98              INDIA: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            125

TABLE 99              SOUTH KOREA: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            126

TABLE 100            SOUTH KOREA: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            126

TABLE 101            SOUTH KOREA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            126

TABLE 102            SOUTH KOREA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            126

TABLE 103            SOUTH KOREA: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2021–2024 (USD MILLION)            127

TABLE 104            SOUTH KOREA: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2025–2030 (USD MILLION)            127

TABLE 105            SOUTH KOREA: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            127

TABLE 106            SOUTH KOREA: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            128

TABLE 107            REST OF ASIA PACIFIC: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION)            129

TABLE 108            REST OF ASIA PACIFIC: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2025–2030 (USD MILLION)            129

TABLE 109            REST OF ASIA PACIFIC: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            129

TABLE 110            REST OF ASIA PACIFIC: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            129

TABLE 111            REST OF ASIA PACIFIC: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2021–2024 (USD MILLION)            130

TABLE 112            REST OF ASIA PACIFIC: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2025–2030 (USD MILLION)            130

TABLE 113            REST OF ASIA PACIFIC: DRY TYPE TRANSFORMER MARKET, BY APPLICATION, 2021–2024 (USD MILLION)            130

TABLE 114            REST OF ASIA PACIFIC: DRY TYPE TRANSFORMER MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            130

TABLE 115            EUROPE: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            132

TABLE 116            EUROPE: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            132

TABLE 117            EUROPE: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2024 (UNITS)               132

TABLE 118            EUROPE: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE, 2025–2030 (UNITS)               132

TABLE 119            EUROPE: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            133

TABLE 120            EUROPE: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            133

TABLE 121            EUROPE: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2021–2024 (USD MILLION)            133

TABLE 122            EUROPE: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2025–2030 (USD MILLION)            133

TABLE 123            EUROPE: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            134

TABLE 124            EUROPE: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            134

TABLE 125            EUROPE: DRY TYPE TRANSFORMER MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            134

TABLE 126            EUROPE: DRY TYPE TRANSFORMER MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            135

TABLE 127            GERMANY: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            136

TABLE 128            GERMANY: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            136

TABLE 129            GERMANY: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            136

TABLE 130            GERMANY: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            136

TABLE 131            GERMANY: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2021–2024 (USD MILLION)            137

TABLE 132            GERMANY: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2025–2030 (USD MILLION)            137

TABLE 133            GERMANY: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            137

TABLE 134            GERMANY: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            137

TABLE 135            FRANCE: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            138

TABLE 136            FRANCE: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            138

TABLE 137            FRANCE: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)          139

TABLE 138            FRANCE: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            139

TABLE 139            FRANCE: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2021–2024 (USD MILLION)            139

TABLE 140            FRANCE: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2025–2030 (USD MILLION)            139

TABLE 141            FRANCE: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            140

TABLE 142            FRANCE: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            140

TABLE 143            UK: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            141

TABLE 144            UK: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            141

TABLE 145            UK: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2024 (USD MILLION)      141

TABLE 146            UK: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE, 2025–2030 (USD MILLION)      141

TABLE 147            UK: DRY TYPE TRANSFORMER MARKET, BY PHASE, 2021–2024 (USD MILLION)             142

TABLE 148            UK: DRY TYPE TRANSFORMER MARKET, BY PHASE, 2025–2030 (USD MILLION)             142

TABLE 149            UK: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            142

TABLE 150            UK: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            142

TABLE 151            ITALY: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            143

TABLE 152            ITALY: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            143

TABLE 153            ITALY: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            144

TABLE 154            ITALY: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            144

TABLE 155            ITALY: DRY TYPE TRANSFORMER MARKET, BY PHASE, 2021–2024 (USD MILLION)             144

TABLE 156            ITALY: DRY TYPE TRANSFORMER MARKET, BY PHASE, 2025–2030 (USD MILLION)             144

TABLE 157            ITALY: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            145

TABLE 158            ITALY: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            145

TABLE 159            SPAIN: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            146

TABLE 160            SPAIN: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            146

TABLE 161            SPAIN: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            146

TABLE 162            SPAIN: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            146

TABLE 163            SPAIN: DRY TYPE TRANSFORMER MARKET, BY PHASE, 2021–2024 (USD MILLION)             147

TABLE 164            SPAIN: DRY TYPE TRANSFORMER MARKET, BY PHASE, 2025–2030 (USD MILLION)             147

TABLE 165            SPAIN: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            147

TABLE 166            SPAIN: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            147

TABLE 167            REST OF EUROPE: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            148

TABLE 168            REST OF EUROPE: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            148

TABLE 169            REST OF EUROPE: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            149

TABLE 170            REST OF EUROPE: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            149

TABLE 171            REST OF EUROPE: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2021–2024 (USD MILLION)            149

TABLE 172            REST OF EUROPE: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2025–2030 (USD MILLION)            149

TABLE 173            REST OF EUROPE: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            150

TABLE 174            REST OF EUROPE: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            150

TABLE 175            NORTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            151

TABLE 176            NORTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            151

TABLE 177            NORTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (UNITS)            151

TABLE 178            NORTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (UNITS)            152

TABLE 179            NORTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            152

TABLE 180            NORTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            152

TABLE 181            NORTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2021–2024 (USD MILLION)            153

TABLE 182            NORTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2025–2030 (USD MILLION)            153

TABLE 183            NORTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            153

TABLE 184            NORTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            154

TABLE 185            NORTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            154

TABLE 186            NORTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            154

TABLE 187            US: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            155

TABLE 188            US: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            155

TABLE 189            US: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2024 (USD MILLION)      156

TABLE 190            US: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE, 2025–2030 (USD MILLION)      156

TABLE 191            US: DRY TYPE TRANSFORMER MARKET, BY PHASE, 2021–2024 (USD MILLION)             156

TABLE 192            US: DRY TYPE TRANSFORMER MARKET, BY PHASE, 2025–2030 (USD MILLION)             156

TABLE 193            US: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            157

TABLE 194            US: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            157

TABLE 195            CANADA: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            158

TABLE 196            CANADA: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            158

TABLE 197            CANADA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            158

TABLE 198            CANADA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            158

TABLE 199            CANADA: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2021–2024 (USD MILLION)            159

TABLE 200            CANADA: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2025–2030 (USD MILLION)            159

TABLE 201            CANADA: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            159

TABLE 202            CANADA: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            159

TABLE 203            MEXICO: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            160

TABLE 204            MEXICO: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            160

TABLE 205            MEXICO: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            161

TABLE 206            MEXICO: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            161

TABLE 207            MEXICO: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2021–2024 (USD MILLION)            161

TABLE 208            MEXICO: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2025–2030 (USD MILLION)            161

TABLE 209            MEXICO: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            162

TABLE 210            MEXICO: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            162

TABLE 211            MIDDLE EAST & AFRICA: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION)            163

TABLE 212            MIDDLE EAST & AFRICA: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2025–2030 (USD MILLION)            163

TABLE 213            MIDDLE EAST & AFRICA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (UNITS)            163

TABLE 214            MIDDLE EAST & AFRICA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (UNITS)            163

TABLE 215            MIDDLE EAST & AFRICA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            164

TABLE 216            MIDDLE EAST & AFRICA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            164

TABLE 217            MIDDLE EAST & AFRICA: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2021–2024 (USD MILLION)            164

TABLE 218            MIDDLE EAST & AFRICA: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2025–2030 (USD MILLION)            164

TABLE 219            MIDDLE EAST & AFRICA: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,  2021–2024 (USD MILLION)            165

TABLE 220            MIDDLE EAST & AFRICA: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,  2025–2030 (USD MILLION)            165

TABLE 221            MIDDLE EAST & AFRICA: DRY TYPE TRANSFORMER MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            165

TABLE 222            MIDDLE EAST & AFRICA: DRY TYPE TRANSFORMER MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            166

TABLE 223            GCC: DRY TYPE TRANSFORMER MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            166

TABLE 224            GCC: DRY TYPE TRANSFORMER MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            166

TABLE 225            GCC: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            167

TABLE 226            GCC: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            167

TABLE 227            GCC: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            167

TABLE 228            GCC: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            168

TABLE 229            GCC: DRY TYPE TRANSFORMER MARKET, BY PHASE, 2021–2024 (USD MILLION)             168

TABLE 230            GCC: DRY TYPE TRANSFORMER MARKET, BY PHASE, 2025–2030 (USD MILLION)             168

TABLE 231            GCC: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            168

TABLE 232            GCC: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            169

TABLE 233            SAUDI ARABIA: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            169

TABLE 234            SAUDI ARABIA: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            170

TABLE 235            SAUDI ARABIA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            170

TABLE 236            SAUDI ARABIA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            170

TABLE 237            SAUDI ARABIA: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2021–2024 (USD MILLION)            170

TABLE 238            SAUDI ARABIA: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2025–2030 (USD MILLION)            171

TABLE 239            SAUDI ARABIA: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            171

TABLE 240            SAUDI ARABIA: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            171

TABLE 241            REST OF GCC: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            172

TABLE 242            REST OF GCC: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            172

TABLE 243            REST OF GCC: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            173

TABLE 244            REST OF GCC: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            173

TABLE 245            REST OF GCC: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2021–2024 (USD MILLION)            173

TABLE 246            REST OF GCC: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2025–2030 (USD MILLION)            173

TABLE 247            REST OF GCC: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2021–2024 (USD MILLION)          174

TABLE 248            REST OF GCC: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            174

TABLE 249            SOUTH AFRICA: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            175

TABLE 250            SOUTH AFRICA: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            175

TABLE 251            SOUTH AFRICA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            175

TABLE 252            SOUTH AFRICA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            175

TABLE 253            SOUTH AFRICA: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2021–2024 (USD MILLION)            176

TABLE 254            SOUTH AFRICA: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2025–2030 (USD MILLION)            176

TABLE 255            SOUTH AFRICA: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            176

TABLE 256            SOUTH AFRICA: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            177

TABLE 257            REST OF MIDDLE EAST & AFRICA: DRY TYPE TRANSFORMER MARKET,

BY TECHNOLOGY, 2021–2024 (USD MILLION)     177

TABLE 258            REST OF MIDDLE EAST & AFRICA: DRY TYPE TRANSFORMER MARKET,

BY TECHNOLOGY, 2025–2030 (USD MILLION)     178

TABLE 259            REST OF MIDDLE EAST & AFRICA: DRY TYPE TRANSFORMER MARKET,

BY VOLTAGE, 2021–2024 (USD MILLION)                178

TABLE 260            REST OF MIDDLE EAST & AFRICA: DRY TYPE TRANSFORMER MARKET,

BY VOLTAGE, 2025–2030 (USD MILLION)                178

TABLE 261            REST OF MIDDLE EAST & AFRICA: DRY TYPE TRANSFORMER MARKET,

BY PHASE,  2021–2024 (USD MILLION)   178

TABLE 262            REST OF MIDDLE EAST & AFRICA: DRY TYPE TRANSFORMER MARKET,

BY PHASE,  2025–2030 (USD MILLION)   179

TABLE 263            REST OF MIDDLE EAST & AFRICA: DRY TYPE TRANSFORMER MARKET,

BY APPLICATION, 2021–2024 (USD MILLION)       179

TABLE 264            REST OF MIDDLE EAST & AFRICA: DRY TYPE TRANSFORMER MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       179

TABLE 265            SOUTH AMERICA: DRY TYPE TRANSFORMER MARKET IN SOUTH AMERICA,

BY TECHNOLOGY, 2021–2024 (USD MILLION)     180

TABLE 266            SOUTH AMERICA: DRY TYPE TRANSFORMER MARKET IN SOUTH AMERICA,

BY TECHNOLOGY, 2025–2030 (USD MILLION)     180

TABLE 267            SOUTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (UNITS)            181

TABLE 268            SOUTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (UNITS)            181

TABLE 269            SOUTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            181

TABLE 270            SOUTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            182

TABLE 271            SOUTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2021–2024 (USD MILLION)          182

TABLE 272            SOUTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2025–2030 (USD MILLION)            182

TABLE 273            SOUTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            182

TABLE 274            SOUTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            183

TABLE 275            SOUTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            183

TABLE 276            SOUTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            183

TABLE 277            BRAZIL: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            184

TABLE 278            BRAZIL: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            184

TABLE 279            BRAZIL: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            185

TABLE 280            BRAZIL: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            185

TABLE 281            BRAZIL: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2021–2024 (USD MILLION)            185

TABLE 282            BRAZIL: DRY TYPE TRANSFORMER MARKET, BY PHASE

2025–2030 (USD MILLION)            185

TABLE 283            BRAZIL: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            186

TABLE 284            BRAZIL: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            186

TABLE 285            ARGENTINA: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            187

TABLE 286            ARGENTINA: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            187

TABLE 287            ARGENTINA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            187

TABLE 288            ARGENTINA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            187

TABLE 289            ARGENTINA: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2021–2024 (USD MILLION)            188

TABLE 290            ARGENTINA: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2025–2030 (USD MILLION)            188

TABLE 291            ARGENTINA: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            188

TABLE 292            ARGENTINA: DRY TYPE TRANSFORMER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            188

TABLE 293            REST OF SOUTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION)            189

TABLE 294            REST OF SOUTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2025–2030 (USD MILLION)            189

TABLE 295            REST OF SOUTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,  2021–2024 (USD MILLION)            190

TABLE 296            REST OF SOUTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY VOLTAGE,  2025–2030 (USD MILLION)            190

TABLE 297            REST OF SOUTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2021–2024 (USD MILLION)            190

TABLE 298            REST OF SOUTH AMERICA: DRY TYPE TRANSFORMER MARKET, BY PHASE,

2025–2030 (USD MILLION)            190

TABLE 299            REST OF SOUTH AMERICA: DRY TYPE TRANSFORMER MARKET,

BY APPLICATION, 2021–2024 (USD MILLION)       191

TABLE 300            REST OF SOUTH AMERICA: DRY TYPE TRANSFORMER MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       191

TABLE 301            DISTRIBUTION TRANSFORMER MARKET: OVERVIEW OF KEY STRATEGIES ADOPTED BY KEY PLAYERS, FEBRUARY 2020– APRIL 2024        192

TABLE 302            DRY TYPE TRANSFORMER MARKET: REGION FOOTPRINT       198

TABLE 303            DRY TYPE TRANSFORMER MARKET: TECHNOLOGY FOOTPRINT        199

TABLE 304            DRY TYPE TRANSFORMER MARKET: APPLICATION FOOTPRINT         200

TABLE 305            DRY TYPE TRANSFORMER MARKET: PHASE FOOTPRINT       201

TABLE 306            VOLTAGE: COMPANY FOOTPRINT          202

TABLE 307            DRY TYPE TRANSFORMER MARKET: DEALS, JANUARY 2021– JULY 2025              203

TABLE 308            DRY TYPE TRANSFORMER MARKET: PRODUCT LAUNCHES,

JANUARY 2021– JULY 2025              203

TABLE 309            DRY TYPE TRANSFORMER MARKET: EXPANSION, JANUARY 2021–JULY 2025    204

TABLE 310            DRY TYPE TRANSFORMER MARKET: OTHER DEVELOPMENTS,

JANUARY 2021–JULY 2025               206

TABLE 311            SCHNEIDER ELECTRIC: COMPANY OVERVIEW                 208

TABLE 312            SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    209

TABLE 313            SCHNEIDER ELECTRIC: OTHER DEVELOPMENTS              210

TABLE 314            EATON: COMPANY OVERVIEW  212

TABLE 315            EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED             213

TABLE 316            EATON: DEALS 214

TABLE 317            EATON: OTHER DEVELOPMENTS            215

TABLE 318            TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY OVERVIEW 217

TABLE 319            TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED                 218

TABLE 320            TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: EXPANSIONS   219

TABLE 321            HITACHI, LTD.: COMPANY OVERVIEW   221

TABLE 322            HITACHI ENERGY LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED    222

TABLE 323            HITACHI ENERGY LTD: PRODUCT LAUNCHES                 223

TABLE 324            HITACHI ENERGY LTD: DEALS  224

TABLE 325            HITACHI ENERGY LTD: EXPANSIONS     224

TABLE 326            HITACHI ENERGY LTD: OTHER DEVELOPMENTS              225

TABLE 327            SIEMENS ENERGY: COMPANY OVERVIEW                 227

TABLE 328            SIEMENS ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED    228

TABLE 329            SIEMENS ENERGY: PRODUCT LAUNCHES                 229

TABLE 330            GE VERNOVA: COMPANY OVERVIEW      230

TABLE 331            GE VERNOVA: PRODUCTS/SOLUTIONS/SERVICES OFFERED    231

TABLE 332            GE VERNOVA: DEVELOPMENTS                232

TABLE 333            FUJI ELECTRIC CO., LTD.: COMPANY OVERVIEW                 233

TABLE 334            FUJI ELECTRIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    234

TABLE 335            CG POWER & INDUSTRIAL SOLUTIONS LTD.: COMPANY OVERVIEW   235

TABLE 336            CG POWER & INDUSTRIAL SOLUTIONS LTD.: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        236

TABLE 337            CG POWER & INDUSTRIAL SOLUTIONS LTD.: EXPANSIONS     237

TABLE 338            KIRLOSKAR ELECTRIC COMPANY: COMPANY OVERVIEW          238

TABLE 339            KIRLOSKAR ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    239

TABLE 340            HYOSUNG HEAVY INDUSTRIES: COMPANY OVERVIEW          240

TABLE 341            HYOSUNG HEAVY INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED    241

TABLE 342            HYOSUNG HEAVY INDUSTRIES: DEVELOPMENTS              241

TABLE 343            HAMMOND POWER SOLUTIONS: COMPANY OVERVIEW          242

TABLE 344            HAMMOND POWER SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    243

TABLE 345            HAMMOND POWER SOLUTIONS: PRODUCT LAUNCHES          244

TABLE 346            HAMMOND POWER SOLUTIONS: OTHER DEVELOPMENTS              244

TABLE 347            VOLTAMP TRANSFORMER: COMPANY OVERVIEW          245

TABLE 348            VOLTAMP TRANSFORMER: PRODUCTS/SOLUTIONS/SERVICES OFFERED    245

TABLE 349            VOLTAMP TRANSFORMER: EXPANSIONS                 246

TABLE 350            WEG: COMPANY OVERVIEW       247

TABLE 351            WEG: PRODUCTS/SOLUTIONS/SERVICES OFFERED             248

TABLE 352            WEG: DEVELOPMENTS 249

TABLE 353            TMC TRANSFORMERS S.P.A.: COMPANY OVERVIEW          250

TABLE 354            TMC TRANSFORMERS S.P.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    250

TABLE 355            TMC TRANSFORMERS S.P.A.: DEALS        251

TABLE 356            TMC TRANSFORMERS S.P.A.: EXPANSIONS                 251

TABLE 357            HANLEY ENERGY: COMPANY OVERVIEW                 252

TABLE 358            HANLEY ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED    252

TABLE 359            ALFANAR GROUP: COMPANY OVERVIEW                 253

TABLE 360            ALFANAR GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    253

LIST OF FIGURES

FIGURE 1              DRY TYPE TRANSFORMER MARKET SEGMENTATION AND REGIONAL SCOPE              29

FIGURE 2              DRY TYPE TRANSFORMER MARKET: RESEARCH DESIGN                33

FIGURE 3              BREAKDOWN OF PRIMARIES      35

FIGURE 4              DATA TRIANGULATION                36

FIGURE 5              DRY TYPE TRANSFORMER MARKET: BOTTOM-UP APPROACH  37

FIGURE 6              DRY TYPE TRANSFORMER MARKET: TOP-DOWN APPROACH          38

FIGURE 7              METRICS CONSIDERED TO ANALYZE DEMAND FOR DRY TYPE TRANSFORMERS                39

FIGURE 8              KEY METRICS CONSIDERED TO ASSESS SUPPLY OF DRY TYPE TRANSFORMERS  41

FIGURE 9              DRY TYPE TRANSFORMER MARKET: INDUSTRY CONCENTRATION ANALYSIS     42

FIGURE 10            CAST RESIN SEGMENT TO HOLD LARGER MARKET SHARE IN 2030 44

FIGURE 11            MEDIUM VOLTAGE SEGMENT TO DOMINATE MARKET IN 2030                44

FIGURE 12            THREE PHASE SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2030               45

FIGURE 13            INDUSTRIAL SEGMENT TO LEAD MARKET IN 2030        45

FIGURE 14            ASIA PACIFIC CAPTURED LARGEST MARKET SHARE IN 2024   46

FIGURE 15            RISING URBANIZATION AND RAPID INDUSTRIALIZATION TO FOSTER

MARKET GROWTH          47

FIGURE 16            ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD       48

FIGURE 17            CAST RESIN SEGMENT TO DOMINATE MARKET IN 2030  48

FIGURE 18            MEDIUM VOLTAGE SEGMENT TO CAPTURE THE LARGEST MARKET  SHARE IN 2030                49

FIGURE 19            THREE PHASE SEGMENT TO LEAD MARKET IN 2030        49

FIGURE 20            INDUSTRIAL SEGMENT TO HOLD LARGEST MARKET SHARE IN 2030 49

FIGURE 21            CAST RESIN SEGMENT AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC

DRY TYPE TRANSFORMER MARKET IN 2024         50

FIGURE 22            DRY TYPE TRANSFORMER MARKET: DRIVERS, RESTRAINTS,

OPPORTUNITIES, AND CHALLENGES     51

FIGURE 23            GLOBAL RENEWABLE GENERATION, BY REGION, 2010–2050           54

FIGURE 24           TOTAL ELECTRICITY GENERATION, BY REGION, 2010−2050            56

FIGURE 25            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   57

FIGURE 26            ECOSYSTEM ANALYSIS  58

FIGURE 27            DRY TYPE TRANSFORMER MARKET: SUPPLY CHAIN ANALYSIS              59

FIGURE 28            IMPORT DATA FOR HS CODE 8504-COMPLIANT PRODUCTS IN  TOP FIVE COUNTRIES, 2020–2024              67

FIGURE 29            EXPORT DATA FOR HS CODE 8504-COMPLIANT PRODUCTS IN  TOP FIVE COUNTRIES, 2020–2024              69

FIGURE 30            DRY TYPE TRANSFORMER MARKET: PATENTS GRANTED

AND APPLIED,  2014–2025            70

FIGURE 31            DRY TYPE TRANSFORMER MARKET: PORTER’S FIVE FORCES ANALYSIS 73

FIGURE 32            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS           75

FIGURE 33            KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 75

FIGURE 34            IMPACT OF GEN AI/AI ON DRY TYPE TRANSFORMER MARKET, BY REGION    77

FIGURE 35            DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY, 2024        84

FIGURE 36            DRY TYPE TRANSFORMER MARKET, BY VOLTAGE, 2024 89

FIGURE 37            DRY TYPE TRANSFORMER MARKET, BY PHASE, 2024        98

FIGURE 38            DRY TYPE TRANSFORMER MARKET, BY APPLICATION, 2024         103

FIGURE 39            ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2024 110

FIGURE 40            DRY TYPE TRANSFORMER MARKET, BY REGION, 2024        110

FIGURE 41            ASIA PACIFIC: DRY TYPE TRANSFORMER MARKET SNAPSHOT       113

FIGURE 42            EUROPE: DRY TYPE TRANSFORMER MARKET SNAPSHOT          131

FIGURE 43            DRY TYPE TRANSFORMER MARKET: INDUSTRY CONCENTRATION

OF KEY PLAYERS, 2024   194

FIGURE 44            REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2020–2024              195

FIGURE 45            DRY TYPE TRANSFORMER MARKET: COMPANY EVALUATION MATRIX, 2024         197

FIGURE 46            SCHNEIDER ELECTRIC: COMPANY SNAPSHOT                 209

FIGURE 47            EATON: COMPANY SNAPSHOT  213

FIGURE 48            TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION:  COMPANY SNAPSHOT               218

FIGURE 49            HITACHI ENERGY LTD: COMPANY SNAPSHOT                 222

FIGURE 50            SIEMENS ENERGY: COMPANY SNAPSHOT                 228

FIGURE 51            GE VERNOVA: COMPANY SNAPSHOT     231

FIGURE 52            FUJI ELECTRIC CO., LTD.: COMPANY SNAPSHOT                 234

FIGURE 53            CG POWER & INDUSTRIAL SOLUTIONS LTD.: COMPANY SNAPSHOT   236

FIGURE 54            KIRLOSKAR ELECTRIC: COMPANY SNAPSHOT                 238

FIGURE 55            HYOSUNG HEAVY INDUSTRIES: COMPANY SNAPSHOT          240

FIGURE 56            HAMMOND POWER SOLUTIONS: COMPANY SNAPSHOT          242

FIGURE 57            VOLTAMP TRANSFORMER: COMPANY SNAPSHOT          245

FIGURE 58            WEG: COMPANY SNAPSHOT       248