The global dry type transformer market is primarily driven by rising demand for smart monitoring and control systems for power distribution. Increasing investments in the rebuilding of conventional electricity grid networks and rising electricity production from renewable sources also supplement growth. In addition, favourable regulatory norms for grid sustainability will further boost the market.
Besides, increased efficiency of dry type transformers owing to advanced technology and Internet-of-things, will also boost the market. Moreover, the soaring demand for new long-distance electricity transmission projects in developing countries such as China, India and Japan will complement the market.
However, end-users may be concerned about higher first costs for dry-type pad-mounted transformers as compared to oil-immersed ones. This is due to the fact that the cooling and insulating system of dry-type transformers are air-based. Hence, these units are typically larger than their oil-immersed counterparts with the same voltage and capacity ratings.
Nevertheless, the high reliability and maintenance-free benefits of these units make them a popular choice for electrical equipment. In addition to these, they are also cost-effective. Furthermore, the low temperature rise of dry-type transformers is also a major factor driving their sales.
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