Dry Type Transformer Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Global Dry Type Transformers Manufacturers Market and it is segmented by voltage (low voltage and medium voltage), type (power transformer and distribution transformer), end-phase (single phase and three phase), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The market size and forecasts are provided in terms of revenue (USD billion) for all the above segments.

Dry Type Transformer Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Dry-Type Transformers Market Size

Dry-Type Transformer Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 6.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Dry-Type Transformer Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Dry-Type Transformer Market with other markets in Energy & Power Industry

Oil and Gas

Power

Battery

Decommissioning

Emerging Energy Technologies

Energy Storage Technology

Dry-Type Transformers Market Analysis

The Dry-Type Transformer Market is expected to register a CAGR of greater than 6% during the forecast period.

The dry-type market was adversely affected by COVID-19 due to disruptions in the supply chain. However, the market rebounded in 2022.

  • Factors such as growing electricity demand, the integration of renewable-based power generation, and increasing investments in the transmission and distribution (T&D) network globally are expected to drive the market during the forecast period.
  • However, the advantages that oil-cooled transformers offer over dry-type transformers are expected to slightly restrain the growth of the market during the forecast period.
  • The increasing rate of electrification in African and Asian countries provides immense opportunities for the market to grow in the coming years.
  • Asia-Pacific was the dominant region for the market in 2022, owing to the growing population and industrialization that caused a rise in electricity demand.

Dry-Type Transformers Industry Overview

The dry-type transformer market is fragmented. The key players in the market include (not in any particular order) Siemens AG, Schneider Electric SE, ABB Ltd, Hyundai Electric & Energy Systems Co. Ltd, and Hammond Power Solutions Inc.

Dry-Type Transformers Market Leaders

  1. Siemens AG

  2. Schneider Electric SE

  3. Hammond Power Solutions Inc.

  4. ABB Ltd.

  5. Hyundai Electric & Energy Systems Co., Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Dry-Type Transformer Market Concentration
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Dry-Type Transformers Market News

  • April 2022: Siemens Energy launched an innovative dry-type single-phase transformer for pole applications. Designed for the technological requirements of the American grid, the new cast-resin distribution transformer provides a reliable and sustainable alternative to oil-filled transformers.
  • September 2022: Hitachi Energy launched a plug-and-play dry-type traction transformer with an integrated cooling system which is designed to reduce CO2 emissions and total operating costs while increasing energy efficiency.

Dry-Type Transformers Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Voltage
    • 5.1.1 Low Voltage
    • 5.1.2 Medium Voltage
  • 5.2 Type
    • 5.2.1 Power Transformer
    • 5.2.2 Distribution Transformer
  • 5.3 End Phase
    • 5.3.1 Single Phase
    • 5.3.2 Three Phase
  • 5.4 Geography
    • 5.4.1 North America
    • 5.4.2 Europe
    • 5.4.3 Asia-Pacific
    • 5.4.4 South America
    • 5.4.5 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Siemens AG
    • 6.3.2 Schneider Electric SE
    • 6.3.3 Eaton Corporation PLC
    • 6.3.4 ABB Ltd.
    • 6.3.5 TBEA Co. Ltd.
    • 6.3.6 Hyundai Electric & Energy Systems Co. Ltd
    • 6.3.7 Hammond Power Solutions Inc.
    • 6.3.8 Kirloskar Electric Company Ltd.
    • 6.3.9 Hitachi Energy Ltd.
    • 6.3.10 Gujarat Transformers Private Limited
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Dry-Type Transformers Industry Segmentation

The dry-type transformer is a type of transformer that uses air as a coolant. A dry-type transformer has no moving parts inside and is a static device that uses environment-friendly temperature insulation systems. It is used in a wide variety of applications and can be installed indoors or outdoors. The dry-type transformer is segmented by voltage, type, end-phase, and geography. By voltage, the market is segmented into low voltage and medium voltage. By type, the market is segmented into power transformers and distribution transformers. By the end phase, the market is segmented into a single phase and three phases. The report also covers the market size and regional dry-type transformer market forecasts across the major regions. For each segment, market sizing and forecasts have been done based on revenue (USD billion).

Voltage Low Voltage
Medium Voltage
Type Power Transformer
Distribution Transformer
End Phase Single Phase
Three Phase
Geography North America
Europe
Asia-Pacific
South America
Middle-East and Africa
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Dry-Type Transformers Market Research FAQs

What is the current Dry-Type Transformer Market size?

The Dry-Type Transformer Market is projected to register a CAGR of greater than 6% during the forecast period (2025-2030)

Who are the key players in Dry-Type Transformer Market?

Siemens AG, Schneider Electric SE, Hammond Power Solutions Inc., ABB Ltd. and Hyundai Electric & Energy Systems Co., Ltd. are the major companies operating in the Dry-Type Transformer Market.

Which is the fastest growing region in Dry-Type Transformer Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Dry-Type Transformer Market?

In 2025, the Asia Pacific accounts for the largest market share in Dry-Type Transformer Market.

What years does this Dry-Type Transformer Market cover?

The report covers the Dry-Type Transformer Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Dry-Type Transformer Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Dry-Type Transformer Industry Report

Statistics for the 2025 Dry-Type Transformer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Dry-Type Transformer analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.