ReportsnReports has published a new market study on the global dry-type transformers market analysing the market trends and developments in the forecast period 2017-2021.
According to the report, the global dry-type transformers market is projected to grow at a CAGR of 5.31% during the period 2017-2021.
In the report, the market size is calculated based on the revenue generated from the sales of dry-type transformers. The report covers the market landscape and its growth prospects over the coming years, discussing also key vendors operating in this market.
One of the major drivers for dry-type transformers market is modernization of existing transformers. The increase in installation of new transformers and the replacement of old units with new ones are fuelling the growth of the market.
Key players in the global dry-type transformers market are ABB, Crompton Greaves, GE, Schneider Electric and Siemens. Other prominent vendors mentioned in the report 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.