The U.S. dry type transformer market will grow pertaining to ongoing upgradation of existing grid infrastructure along with rapid deployment of cost effective distribution systems. The industry in line with favorable energy efficiency reforms coupled with rapid adoption of advance transformation units will complement the business landscape.
Dry type transformer industry, over the recent years, has witnessed a paradigm shift in its remuneration portfolio, driven by the growing prevalence of sustainable and smart grid technologies worldwide.
The substantial quest for smart and efficient electricity transmission which in extension has provided a remarkable impetus to the demand graph of environmentally-friendly transformer has been pointed out as one of the most pivotal factors to have fueled the dry type transformer market size over the years. It is prudent to mention that the dry type transformer units employ only those high temperature insulation systems that are environmentally safe, and UL & CSA recognized.
On grounds of such strong sustainability, efficiency, and reliability parameters, experts claim these transformers to witness a massive deployment rate in industrial plants and building complexes in the coming years. In fact, the soaring demand for these units is quite evident from the yesteryear statistics, which claim the worldwide dry type transformer market to have accounted for a total revenue of USD 4 billion in 2016.
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On account of its environmental credibility, the dry type transformer is indeed witnessing a dynamic strategic landscape. The recent deal between ABB and GE Industrial Solutions, which created quite a buzz in the electrification solutions business, is a testament to the aforementioned fact.
Elaborating further on the deal, in September 2017, ABB, a global leader operating in power and heavy electrical equipment sector announced its acquisition of GE Industrial Solutions, which included the latter’s electrification solutions and distribution and dry type transformers businesses. The agreement, reportedly, strengthened ABB’s hierarchy in the dry type transformer market landscape, by providing it a remarkable threshold in the lucrative North America electrification market. Undoubtedly, the move was quite well-versed, as reported by the experts, taking into account North America’s strong establishment in the global dry type transformer market landscape. Reportedly, the U.S. is estimated to lead the regional terrain with a recorded valuation of USD 500 million in 2016.
Notable participants across the dry type transformer market include WEG, CG, ABB, Meramec, Schneider, Siemens, Fuji Electric, GE, KONCAR, Raychem, ITEC, Toshiba, EATON, TRENCH, Abaft, Kirloskar, BHEL, Mehru, Voltamp, Celme, and Ruhstrat.
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