Lewes, DE -- (SBWIRE) -- 02/17/2017 -- Report forecast the global dry-type transformers market to grow at a CAGR of 5.31% during the period 2017-2021.

Electrical transformers are devices that convert electricity from one voltage to another for T&D purposes. Dry-type transformers are transformers where windings with core are kept within a sealed tank that is pressurized with air. These transformers are of various types which include cast resin dry-type transformer and vacuum pressure impregnated transformer.

The report covers the present scenario and the growth prospects of the global dry-type transformers market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of dry-type transformers.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one of the major drivers for this market is modernization of existing transformers. The increase in installation activities regarding new transformers and the replacement of old transformers with new ones are fueling the growth of the global dry-type transformers market.

Further, the report states that one of the major factors hindering the growth of this market is evolution of eco-efficient power transformers. Several transformer manufacturers have started to design and manufacture environment-friendly products based on customer demand for the same. Customers need transformers that are negligibly hazardous to the environment and at the same time offer improved life cycle costs along with minimal maintenance requirements and enhanced service lifetime.

Global Dry-Type Transformers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global dry-type transformers market: ABB, Crompton Greaves, GE, Schneider Electric, and Siemens.

Other Prominent Vendors in the market are: DuPont, Eaton, ELANTAS, Fuji Electric, Hammond Power Solution, Jinpan International, Kirloskar Electric, KOTSONS, MGM Transformer Company, Prima Transformers, Raychem RPG, Synergy Transformers, TBEA Transformer Industrial, Temco, Vijay Power Control Systems, Virginia Transformer, and Voltamp Transformers.

Market driver
- Modernization of existing transformers
- For a full, detailed list, view our report

Market challenge
- Evolution of eco-efficient power transformers
- For a full, detailed list, view our report

Market trend
- Increasing popularity of dry-type transformers
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 69 pages and 27 Exhibits "Global Dry-Type Transformers Market 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by application, Geographical segmentation, Market drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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