Dry Type Transformer Market - Top Companies and Manufacturers

Companies Dominating the Dry Type Transformer Landscape

Siemens AG
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis

WEG Industries
Eaton Corporation
Schneider Electric SE
Bharat Heavy Electricals Limited
Virginia Transformer Corp
General Electric Company
Hyosung Heavy Industries
Hammond Power Solutions Inc.
ABB Ltd.
Hyundai Electric & Energy Systems Co., Ltd.

Browse Key Market Insights with Data Illustration:

Dry Type Transformer Market Size & Share | Growth Forecasts 2037

In the News

In an effort to advance energy transition based on renewable sources Siemens AG and the International Renewable Energy Agency (IRENA) have signed a partnership agreement. This collaboration aims to support development goals and climate action initiatives.
WEG Industries recently announced that they have supplied their encapsulated dry type transformer, which has a capacity of 2.5 MVA to data center facilities located in Chile. This transformer is equipped with a protection enclosure box that operates at a voltage class of 24/1.1kV allowing WEG Industries to expand its presence in the industry.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of dry type transformer is assessed at USD 7.69 billion.

The dry type transformer market size was valued at USD 7.16 billion in 2024 and is set to reach USD 22.44 billion by the end of 2037, registering around 9.1% CAGR during the forecast period i.e., between 2025-2037. Stricter safety and environmental regulations around the world are encouraging the adoption of dry-type transformers.

Asia Pacific industry is anticipated to hold 31% of the revenue share by 2037, on account of increasing demand for electrical and electronic products in the region.

The major players in the market include Siemens AG, WEG Industries, Eaton Corporation, Schneider Electric SE, Bharat Heavy Electricals Limited, Virginia Transformer Corp, General Electric Company, Hyosung Heavy Industries, Hammond Power SolutionsInc., ABB Ltd., Hyundai Electric & Energy Systems Co., Ltd.

Dry Type Transformer Market - Top Companies and Manufacturers

Companies Dominating the Dry Type Transformer Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How much is the dry type transformer market worth?

Why is the demand for dry type transformer growing?

Which region dominated the majority of dry type transformer industry share?

Who are the top dry type transformer companies?