1	INTRODUCTION	21
1.1	STUDY OBJECTIVES	21
1.2	MARKET DEFINITION	22
1.3	INCLUSIONS AND EXCLUSIONS	22
1.3.1	DRY-TYPE TRANSFORMER MARKET: INCLUSIONS AND EXCLUSIONS, BY TECHNOLOGY	22
1.3.2	DRY-TYPE TRANSFORMER MARKET: INCLUSIONS AND EXCLUSIONS, BY VOLTAGE	22
1.3.3	DRY-TYPE TRANSFORMER MARKET: INCLUSIONS AND EXCLUSIONS, BY PHASE	22
1.3.4	DRY-TYPE TRANSFORMER MARKET: INCLUSIONS AND EXCLUSIONS, BY APPLICATION	23
1.4	MARKET SCOPE	23
FIGURE 1	DRY-TYPE TRANSFORMER MARKET: SEGMENTATION	23
1.4.1	REGIONAL SCOPE	24
1.4.2	YEARS CONSIDERED	24
1.4.3	CURRENCY CONSIDERED	25
1.5	LIMITATIONS	25
1.6	STAKEHOLDERS	25
1.7	SUMMARY OF CHANGES	26
1.7.1	RECESSION IMPACT	26
2	RESEARCH METHODOLOGY	27
2.1	RESEARCH DATA	27
FIGURE 2	DRY-TYPE TRANSFORMER MARKET: RESEARCH DESIGN	27
2.2	MARKET BREAKDOWN AND DATA TRIANGULATION	28
FIGURE 3	DATA TRIANGULATION	28
2.2.1	SECONDARY DATA	29
2.2.1.1	Key data from secondary sources	29
2.2.2	PRIMARY DATA	29
2.2.2.1	Key industry insights	30
2.2.2.2	Breakdown of primaries	30
FIGURE 4	BREAKDOWN OF PRIMARIES	30
2.3	MARKET SIZE ESTIMATION	31
2.3.1	BOTTOM-UP APPROACH	31
FIGURE 5	DRY-TYPE TRANSFORMER MARKET: BOTTOM-UP APPROACH	31
2.3.2	TOP-DOWN APPROACH	32
FIGURE 6	DRY-TYPE TRANSFORMER MARKET: TOP-DOWN APPROACH	32
2.3.3	DEMAND-SIDE ANALYSIS	33
FIGURE 7	METRICS CONSIDERED TO ANALYZE DEMAND FOR DRY-TYPE TRANSFORMERS	33
2.3.3.1	Assumptions for demand-side analysis	33
2.3.3.2	Calculations for demand-side analysis	34
2.3.4	SUPPLY-SIDE ANALYSIS	35
FIGURE 8	KEY METRICS CONSIDERED TO ASSESS SUPPLY OF DRY-TYPE TRANSFORMERS	35
2.3.4.1	Assumptions and calculations for supply-side analysis	35
FIGURE 9	DRY-TYPE TRANSFORMER MARKET: INDUSTRY CONCENTRATION ANALYSIS	36
2.4	FORECAST	36
2.4.1	IMPACT OF RECESSION	36
3	EXECUTIVE SUMMARY	37
TABLE 1	DRY-TYPE TRANSFORMER MARKET SNAPSHOT	37
FIGURE 10	CAST RESIN SEGMENT TO HOLD LARGER SHARE OF DRY-TYPE TRANSFORMER MARKET IN 2028	38
FIGURE 11	MEDIUM VOLTAGE SEGMENT TO LEAD DRY-TYPE TRANSFORMER MARKET DURING FORECAST PERIOD	38
FIGURE 12	THREE PHASE SEGMENT TO DOMINATE DRY-TYPE TRANSFORMER MARKET DURING FORECAST PERIOD	39
FIGURE 13	INDUSTRIAL SEGMENT TO LEAD DRY-TYPE TRANSFORMER MARKET DURING FORECAST PERIOD	39
FIGURE 14	ASIA PACIFIC DOMINATED DRY-TYPE TRANSFORMER MARKET IN 2022	40
4	PREMIUM INSIGHTS	41
4.1	ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN DRY-TYPE TRANSFORMER MARKET	41
FIGURE 15	INCREASING FOCUS ON USING SAFE ELECTRICITY DISTRIBUTION EQUIPMENT	41
4.2	DRY-TYPE TRANSFORMER MARKET, BY REGION	41
FIGURE 16	ASIA PACIFIC DRY-TYPE TRANSFORMER MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD	41
4.3	DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY	42
FIGURE 17	CAST RESIN SEGMENT TO DOMINATE DRY-TYPE TRANSFORMER MARKET  IN 2028	42
4.4	DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE	42
FIGURE 18	MEDIUM VOLTAGE SEGMENT TO DOMINATE DRY-TYPE TRANSFORMER MARKET IN 2028	42
4.5	DRY-TYPE TRANSFORMER MARKET, BY PHASE	43
FIGURE 19	THREE PHASE SEGMENT TO LEAD DRY-TYPE TRANSFORMER MARKET IN 2028	43
4.6	DRY-TYPE TRANSFORMER MARKET, BY APPLICATION	43
FIGURE 20	INDUSTRIAL SEGMENT TO HOLD LARGEST SHARE OF DRY-TYPE TRANSFORMER MARKET IN 2028	43
4.7	ASIA PACIFIC DRY-TYPE TRANSFORMER MARKET,  BY VOLTAGE AND COUNTRY	44
FIGURE 21	MEDIUM VOLTAGE SEGMENT AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC DRY-TYPE TRANSFORMER MARKET IN 2022	44
 
5	MARKET OVERVIEW	45
5.1	INTRODUCTION	45
5.2	MARKET DYNAMICS	45
FIGURE 22	DRY-TYPE TRANSFORMER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES	45
5.2.1	DRIVERS	46
5.2.1.1	Increasing demand for energy efficiency	46
5.2.1.2	Implementation of stringent environmental regulations	46
5.2.1.3	Excellent properties of dry-type transformers	46
5.2.1.4	Rising adoption of renewable energy sources	47
5.2.2	RESTRAINTS	47
5.2.2.1	Higher cost of dry-type transformers than oil-filled ones	47
5.2.2.2	Susceptibility to moisture and insulation issues	48
5.2.3	OPPORTUNITIES	48
5.2.3.1	Expansion of global electrical infrastructure	48
FIGURE 23	GROWTH TREND OF GLOBAL URBAN POPULATION, 2012–2022	48
5.2.4	CHALLENGES	49
5.2.4.1	Limitations in power ratings	49
5.2.4.2	Preference for oil-filled transformers	49
5.3	TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES	49
5.3.1	REVENUE SHIFT AND NEW REVENUE POCKETS FOR DRY-TYPE TRANSFORMER PROVIDERS	49
FIGURE 24	REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN DRY-TYPE TRANSFORMER MARKET	49
5.4	ECOSYSTEM ANALYSIS	50
TABLE 2	KEY COMPANIES AND THEIR ROLE IN DRY-TYPE TRANSFORMER ECOSYSTEM	50
FIGURE 25	DRY-TYPE TRANSFORMER MARKET MAP	50
5.5	SUPPLY CHAIN ANALYSIS	51
FIGURE 26	DRY-TYPE TRANSFORMER MARKET: SUPPLY CHAIN ANALYSIS	51
5.5.1	RAW MATERIAL/COMPONENT SUPPLIERS	51
5.5.2	DRY-TYPE TRANSFORMER MANUFACTURERS	51
5.5.3	END USERS	51
5.6	TECHNOLOGY ANALYSIS	51
5.6.1	INSULATION MATERIALS AND DESIGN	51
5.6.2	WINDING TECHNIQUES	51
5.6.3	CORE MATERIALS	52
5.6.4	COOLING SYSTEMS	52
5.6.5	MANUFACTURING TECHNIQUES	52
5.7	KEY CONFERENCES AND EVENTS, 2023–2024	52
TABLE 3	DRY-TYPE TRANSFORMER MARKET: LIST OF KEY CONFERENCES AND EVENTS	52
5.8	REGULATORY LANDSCAPE	54
TABLE 4	NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS	54
TABLE 5	EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS	55
TABLE 6	ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS	56
TABLE 7	ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS	57
5.9	TRADE ANALYSIS	57
5.9.1	IMPORT SCENARIO	57
TABLE 8	IMPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8504, BY COUNTRY,  2020–2022 (USD)	58
FIGURE 27	IMPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8504 FOR TOP FIVE COUNTRIES, 2020–2022 (USD)	58
5.9.2	EXPORT SCENARIO	59
TABLE 9	EXPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8504, BY COUNTRY,  2020–2022 (USD)	59
FIGURE 28	EXPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8504 FOR TOP FIVE COUNTRIES, 2020–2022	59
5.10	PATENT ANALYSIS	60
TABLE 10	DRY-TYPE TRANSFORMER MARKET: INNOVATIONS AND PATENT REGISTRATIONS	60
5.11	PRICING ANALYSIS	61
5.11.1	AVERAGE SELLING PRICE (ASP) TREND, BY RAW MATERIAL	61
FIGURE 29	AVERAGE SELLING PRICE (ASP) OF STEEL IN US AND EUROPE,  2021–2023 (USD/MT)	61
FIGURE 30	AVERAGE SELLING PRICE (ASP) OF IRON ORE, 2021–2023 (USD/MT)	62
FIGURE 31	AVERAGE SELLING PRICE (ASP) OF COPPER, 2021–2023	62
5.11.2	AVERAGE SELLING PRICE (ASP) OF DRY-TYPE TRANSFORMERS,  BY VOLTAGE	62
TABLE 11	AVERAGE SELLING PRICE (ASP) OF DRY-TYPE TRANSFORMERS, BY VOLTAGE	62
5.12	CASE STUDY ANALYSIS	63
5.12.1	FAILURE ANALYSIS OF DISTRIBUTION TRANSFORMERS	63
5.12.2	WIND POWER DEVELOPMENTS TO ADDRESS GRID INTEGRATION ISSUES	63
5.12.3	EXPANSION OF SMART ENERGY CORRIDOR WITH IMPROVED CYBERSECURITY	63
5.13	PORTER’S FIVE FORCES ANALYSIS	64
FIGURE 32	DRY-TYPE TRANSFORMER MARKET: PORTER’S FIVE FORCES ANALYSIS	64
TABLE 12	DRY-TYPE TRANSFORMER MARKET: PORTER’S FIVE FORCES ANALYSIS	64
5.13.1	THREAT OF NEW ENTRANTS	65
5.13.2	BARGAINING POWER OF SUPPLIERS	65
5.13.3	BARGAINING POWER OF BUYERS	65
5.13.4	THREAT OF SUBSTITUTES	65
5.13.5	INTENSITY OF COMPETITIVE RIVALRY	65
5.14	KEY STAKEHOLDERS AND BUYING CRITERIA	66
5.14.1	KEY STAKEHOLDERS IN BUYING PROCESS	66
FIGURE 33	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS	66
TABLE 13	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)	66
5.14.2	BUYING CRITERIA	67
FIGURE 34	KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS	67
TABLE 14	KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS	67
6	DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY	68
6.1	INTRODUCTION	69
FIGURE 35	DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY, 2022	69
TABLE 15	DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)	69
6.2	CAST RESIN	69
6.2.1	OFFERS HIGH INSULATION RELIABILITY DUE TO ABSENCE OF AIR POCKETS	69
TABLE 16	CAST RESIN: DRY-TYPE TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)	70
6.3	VACUUM PRESSURE IMPREGNATED (VPI)	70
6.3.1	REDUCED RISK OF PARTIAL DISCHARGES ATTRIBUTED TO COMPREHENSIVE IMPREGNATION	70
TABLE 17	VACUUM PRESSURE IMPREGNATED: DRY-TYPE TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)	71
7	DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE	72
7.1	INTRODUCTION	73
FIGURE 36	DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, 2022	73
TABLE 18	DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (UNITS)	73
TABLE 19	DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)	73
7.2	LOW VOLTAGE	74
7.2.1	FEATURES COMPACT SIZE, LIGHTWEIGHT, AND MINIMAL MAINTENANCE	74
TABLE 20	LOW VOLTAGE: DRY-TYPE TRANSFORMER MARKET, BY REGION, 2021–2028 (UNITS)	74
TABLE 21	LOW VOLTAGE: DRY-TYPE TRANSFORMER MARKET, BY REGION,  2021–2028 (USD MILLION)	74
7.3	MEDIUM VOLTAGE	75
7.3.1	ENSURES RELIABLE AND EFFICIENT POWER TRANSMISSION WHILE MINIMIZING RISK OF PARTIAL DISCHARGES	75
TABLE 22	MEDIUM VOLTAGE: DRY-TYPE TRANSFORMER MARKET, BY REGION, 2021–2028 (UNITS)	75
TABLE 23	MEDIUM VOLTAGE: DRY-TYPE TRANSFORMER MARKET, BY REGION,  2021–2028 (USD MILLION)	75
7.4	HIGH VOLTAGE	76
7.4.1	ENABLES EFFICIENT POWER TRANSMISSION OVER LONG DISTANCES AND MAINTAINS INSULATION RELIABILITY	76
TABLE 24	HIGH VOLTAGE: DRY-TYPE TRANSFORMER MARKET, BY REGION, 2021–2028 (UNITS)	76
TABLE 25	HIGH VOLTAGE: DRY-TYPE TRANSFORMER MARKET, BY REGION,  2021–2028 (USD MILLION)	76
8	DRY-TYPE TRANSFORMER MARKET, BY PHASE	77
8.1	INTRODUCTION	78
FIGURE 37	DRY-TYPE TRANSFORMER MARKET, BY PHASE, 2022	78
TABLE 26	DRY-TYPE TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)	78
8.2	SINGLE PHASE	78
8.2.1	SUITABLE FOR INDOOR INSTALLATIONS ATTRIBUTED TO COMPACT DESIGN	78
TABLE 27	SINGLE PHASE: DRY-TYPE TRANSFORMER MARKET, BY REGION,  2021–2028 (USD MILLION)	79
8.3	THREE PHASE	79
8.3.1	EXHIBITS HIGHER EFFICIENCY THAN SINGLE-PHASE DRY-TYPE TRANSFORMER	79
TABLE 28	THREE PHASE: DRY-TYPE TRANSFORMER MARKET, BY REGION,  2021–2028 (USD MILLION)	79
9	DRY-TYPE TRANSFORMER MARKET, BY APPLICATION	80
9.1	INTRODUCTION	81
FIGURE 38	DRY-TYPE TRANSFORMER MARKET, BY APPLICATION, 2022	81
TABLE 29	DRY-TYPE TRANSFORMER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)	81
9.2	INDUSTRIAL	82
9.2.1	RAPID INDUSTRIALIZATION AND RISING INDUSTRIAL ACTIVITIES	82
TABLE 30	INDUSTRIAL: DRY-TYPE TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)	82
9.3	COMMERCIAL	82
9.3.1	RISING DEMAND FOR TRANSFORMERS FEATURING HIGH SAFETY, ADAPTABILITY, AND ENERGY EFFICIENCY	82
TABLE 31	COMMERCIAL: DRY-TYPE TRANSFORMER MARKET, BY REGION,  2021–2028 (USD MILLION)	83
9.4	UTILITIES	83
9.4.1	GROWING USE OF RENEWABLE ENERGY	83
TABLE 32	UTILITIES: DRY-TYPE TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)	83
9.5	OTHERS	84
TABLE 33	OTHERS: DRY-TYPE TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)	84
10	DRY-TYPE TRANSFORMER MARKET, BY REGION	85
10.1	INTRODUCTION	86
FIGURE 39	ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF DRY-TYPE TRANSFORMER MARKET IN 2022	86
FIGURE 40	DRY-TYPE TRANSFORMER MARKET, BY REGION, 2022	86
TABLE 34	DRY-TYPE TRANSFORMER MARKET, BY REGION, 2021–2028 (UNITS)	87
TABLE 35	DRY-TYPE TRANSFORMER MARKET, BY REGION, 2021–2028 (USD MILLION)	87
10.2	ASIA PACIFIC	87
FIGURE 41	ASIA PACIFIC: DRY-TYPE TRANSFORMER MARKET SNAPSHOT	88
10.2.1	ASIA PACIFIC: RECESSION IMPACT	88
10.2.2	BY TECHNOLOGY	89
TABLE 36	ASIA PACIFIC: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)	89
10.2.3	BY VOLTAGE	89
TABLE 37	ASIA PACIFIC: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (UNITS)	89
TABLE 38	ASIA PACIFIC: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)	89
10.2.4	BY PHASE	90
TABLE 39	ASIA PACIFIC: DRY-TYPE TRANSFORMER MARKET, BY PHASE,  2021–2028 (USD MILLION)	90
10.2.5	BY APPLICATION	90
TABLE 40	ASIA PACIFIC: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION,  2021–2028 (USD MILLION)	90
10.2.6	BY COUNTRY	90
TABLE 41	ASIA PACIFIC: DRY-TYPE TRANSFORMER MARKET, BY COUNTRY,  2021–2028 (USD MILLION)	90
10.2.6.1	China	91
10.2.6.1.1	Low labor costs and rising urbanization and industrialization	91
TABLE 42	CHINA: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)	91
TABLE 43	CHINA: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLIONS)	92
TABLE 44	CHINA: DRY-TYPE TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLIONS)	92
TABLE 45	CHINA: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION,  2021–2028 (USD MILLION)	92
10.2.6.2	Japan	93
10.2.6.2.1	Booming manufacturing sector	93
TABLE 46	JAPAN: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)	93
TABLE 47	JAPAN: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)	93
TABLE 48	JAPAN: DRY-TYPE TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)	94
TABLE 49	JAPAN: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)	94
10.2.6.3	India	94
10.2.6.3.1	Growing population and frequent power outages	94
TABLE 50	INDIA: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)	95
TABLE 51	INDIA: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)	95
TABLE 52	INDIA: DRY-TYPE TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)	95
TABLE 53	INDIA: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)	95
10.2.6.4	South Korea	96
10.2.6.4.1	Expanding industrial sector	96
TABLE 54	SOUTH KOREA: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)	96
TABLE 55	SOUTH KOREA: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE,  2021–2028 (USD MILLION)	96
TABLE 56	SOUTH KOREA: DRY-TYPE TRANSFORMER MARKET, BY PHASE,  2021–2028 (USD MILLION)	97
TABLE 57	SOUTH KOREA: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)	97
10.2.6.5	Rest of Asia Pacific	97
TABLE 58	REST OF ASIA PACIFIC: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)	97
TABLE 59	REST OF ASIA PACIFIC: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE,  2021–2028 (USD MILLION)	98
TABLE 60	REST OF ASIA PACIFIC: DRY-TYPE TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)	98
TABLE 61	REST OF ASIA PACIFIC: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)	98
10.3	EUROPE	99
FIGURE 42	EUROPE: DRY-TYPE TRANSFORMER MARKET SNAPSHOT	99
10.3.1	EUROPE: RECESSION IMPACT	100
10.3.2	BY TECHNOLOGY	100
TABLE 62	EUROPE: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)	100
10.3.3	BY VOLTAGE	100
TABLE 63	EUROPE: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (UNITS)	100
TABLE 64	EUROPE: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)	100
10.3.4	BY PHASE	101
TABLE 65	EUROPE: DRY-TYPE TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)	101
10.3.5	BY APPLICATION	101
TABLE 66	EUROPE: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION,  2021–2028 (USD MILLION)	101
10.3.6	BY COUNTRY	101
TABLE 67	EUROPE: DRY-TYPE TRANSFORMER MARKET, BY COUNTRY, 2021–2028 (USD MILLION)	101
10.3.6.1	Germany	102
10.3.6.1.1	Increasing demand for EV charging infrastructure	102
TABLE 68	GERMANY: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)	102
TABLE 69	GERMANY: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE,  2021–2028 (USD MILLION)	102
TABLE 70	GERMANY: DRY-TYPE TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)	103
TABLE 71	GERMANY: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)	103
10.3.6.2	France	103
10.3.6.2.1	Increasing transition toward renewable energy	103
TABLE 72	FRANCE: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)	104
TABLE 73	FRANCE: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)	104
TABLE 74	FRANCE: DRY-TYPE TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)	104
TABLE 75	FRANCE: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION,  2021–2028 (USD MILLION)	104
10.3.6.3	UK	105
10.3.6.3.1	Implementation of stringent environmental regulations	105
TABLE 76	UK: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)	105
TABLE 77	UK: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)	105
TABLE 78	UK: DRY-TYPE TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)	106
TABLE 79	UK: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)	106
10.3.6.4	Italy	106
10.3.6.4.1	Expanding manufacturing sector	106
TABLE 80	ITALY: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)	106
TABLE 81	ITALY: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)	107
TABLE 82	ITALY: DRY-TYPE TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)	107
TABLE 83	ITALY: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)	107
10.3.6.5	Spain	107
10.3.6.5.1	Growing use of renewable energy	107
TABLE 84	SPAIN: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)	108
TABLE 85	SPAIN: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)	108
TABLE 86	SPAIN: DRY-TYPE TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)	108
TABLE 87	SPAIN: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)	109
10.3.6.6	Rest of Europe	109
TABLE 88	REST OF EUROPE: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)	109
TABLE 89	REST OF EUROPE: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE,  2021–2028 (USD MILLION)	109
TABLE 90	REST OF EUROPE: DRY-TYPE TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)	110
TABLE 91	REST OF EUROPE: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)	110
10.4	NORTH AMERICA	110
10.4.1	NORTH AMERICA: RECESSION IMPACT	110
10.4.2	BY TECHNOLOGY	111
TABLE 92	NORTH AMERICA: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)	111
10.4.3	BY VOLTAGE	111
TABLE 93	NORTH AMERICA: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (UNITS)	111
TABLE 94	NORTH AMERICA: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)	111
10.4.4	BY PHASE	112
TABLE 95	NORTH AMERICA: DRY-TYPE TRANSFORMER MARKET, BY PHASE,  2021–2028 (USD MILLION)	112
10.4.5	BY APPLICATION	112
TABLE 96	NORTH AMERICA: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION,  2021–2028 (USD MILLION)	112
10.4.6	BY COUNTRY	112
TABLE 97	NORTH AMERICA: DRY-TYPE TRANSFORMER MARKET, BY COUNTRY,  2021–2028 (USD MILLION)	112
10.4.6.1	US	113
10.4.6.1.1	Renewable energy transition and infrastructure development	113
TABLE 98	US: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)	113
TABLE 99	US: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)	113
TABLE 100	US: DRY-TYPE TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)	114
TABLE 101	US: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)	114
10.4.6.2	Canada	114
10.4.6.2.1	Rising innovations and development of clean technologies	114
TABLE 102	CANADA: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)	115
TABLE 103	CANADA: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)	115
TABLE 104	CANADA: DRY-TYPE TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)	115
TABLE 105	CANADA: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION,  2021–2028 (USD MILLION)	115
10.4.6.3	Mexico	116
10.4.6.3.1	Increasing industrialization and need to reduce emissions	116
TABLE 106	MEXICO: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)	116
TABLE 107	MEXICO: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)	116
TABLE 108	MEXICO: DRY-TYPE TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)	117
TABLE 109	MEXICO: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION,  2021–2028 (USD MILLION)	117
10.5	MIDDLE EAST & AFRICA	117
10.5.1	MIDDLE EAST & AFRICA: RECESSION IMPACT	117
10.5.2	BY TECHNOLOGY	118
TABLE 110	MIDDLE EAST & AFRICA: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)	118
10.5.3	BY VOLTAGE	118
TABLE 111	MIDDLE EAST & AFRICA: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE,  2021–2028 (UNITS)	118
TABLE 112	MIDDLE EAST & AFRICA: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE,  2021–2028 (USD MILLION)	118
10.5.4	BY PHASE	119
TABLE 113	MIDDLE EAST & AFRICA: DRY-TYPE TRANSFORMER MARKET, BY PHASE,  2021–2028 (USD MILLION)	119
10.5.5	BY APPLICATION	119
TABLE 114	MIDDLE EAST & AFRICA: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION,  2021–2028 (USD MILLION)	119
10.5.6	BY COUNTRY	119
TABLE 115	MIDDLE EAST & AFRICA: DRY-TYPE TRANSFORMER MARKET, BY COUNTRY,  2021–2028 (USD MILLION)	119
10.5.6.1	South Africa	120
10.5.6.1.1	Growing adoption of environmentally friendly and sustainable practices	120
TABLE 116	SOUTH AFRICA: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)	120
TABLE 117	SOUTH AFRICA: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE,  2021–2028 (USD MILLION)	120
TABLE 118	SOUTH AFRICA: DRY-TYPE TRANSFORMER MARKET, BY PHASE,  2021–2028 (USD MILLION)	120
TABLE 119	SOUTH AFRICA: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION,  2021–2028 (USD MILLION)	121
10.5.6.2	Saudi Arabia	121
10.5.6.2.1	Increasing use of renewable energy sources	121
TABLE 120	SAUDI ARABIA: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)	121
TABLE 121	SAUDI ARABIA: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)	122
TABLE 122	SAUDI ARABIA: DRY-TYPE TRANSFORMER MARKET, BY PHASE,  2021–2028 (USD MILLION)	122
TABLE 123	SAUDI ARABIA: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION,  2021–2028 (USD MILLION)	122
10.5.6.3	Rest of Middle East & Africa	122
TABLE 124	REST OF MIDDLE EAST & AFRICA: DRY-TYPE TRANSFORMER MARKET,  BY TECHNOLOGY, 2021–2028 (USD MILLION)	123
TABLE 125	REST OF MIDDLE EAST & AFRICA: DRY-TYPE TRANSFORMER MARKET,  BY VOLTAGE, 2021–2028 (USD MILLION)	123
TABLE 126	REST OF MIDDLE EAST & AFRICA: DRY-TYPE TRANSFORMER MARKET, BY PHASE,  2021–2028 (USD MILLION)	123
TABLE 127	REST OF MIDDLE EAST & AFRICA: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)	124
10.6	SOUTH AMERICA	124
10.6.1	SOUTH AMERICA: RECESSION IMPACT	124
10.6.2	BY TECHNOLOGY	124
TABLE 128	SOUTH AMERICA: DRY-TYPE TRANSFORMER MARKET IN SOUTH AMERICA,  BY TECHNOLOGY,  2021–2028 (USD MILLION)	124
10.6.3	BY VOLTAGE	125
TABLE 129	SOUTH AMERICA: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE,  2021–2028 (UNITS)	125
TABLE 130	SOUTH AMERICA: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE,  2021–2028 (USD MILLION)	125
10.6.4	BY PHASE	125
TABLE 131	SOUTH AMERICA: DRY-TYPE TRANSFORMER MARKET, BY PHASE,  2021–2028 (USD MILLION)	125
10.6.5	BY APPLICATION	126
TABLE 132	SOUTH AMERICA: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)	126
10.6.6	BY COUNTRY	126
TABLE 133	SOUTH AMERICA: DRY-TYPE TRANSFORMER MARKET, BY COUNTRY,  2021–2028 (USD MILLION)	126
10.6.6.1	Brazil	126
10.6.6.1.1	High growth of mining industry	126
TABLE 134	BRAZIL: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)	127
TABLE 135	BRAZIL: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)	127
TABLE 136	BRAZIL: DRY-TYPE TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)	127
TABLE 137	BRAZIL: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION,  2021–2028 (USD MILLION)	127
10.6.6.2	Argentina	128
10.6.6.2.1	Growing adoption of renewable energy	128
TABLE 138	ARGENTINA: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)	128
TABLE 139	ARGENTINA: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE,  2021–2028 (USD MILLION)	128
TABLE 140	ARGENTINA: DRY-TYPE TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)	129
TABLE 141	ARGENTINA: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)	129
10.6.6.3	Rest of South America	129
TABLE 142	REST OF SOUTH AMERICA: DRY-TYPE TRANSFORMER MARKET, BY TECHNOLOGY,  2021–2028 (USD MILLION)	130
TABLE 143	REST OF SOUTH AMERICA: DRY-TYPE TRANSFORMER MARKET, BY VOLTAGE,  2021–2028 (USD MILLION)	130
TABLE 144	REST OF SOUTH AMERICA: DRY-TYPE TRANSFORMER MARKET, BY PHASE, 2021–2028 (USD MILLION)	130
TABLE 145	REST OF SOUTH AMERICA: DRY-TYPE TRANSFORMER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)	131
11	COMPETITIVE LANDSCAPE	132
11.1	OVERVIEW	132
11.2	KEY STRATEGIES ADOPTED BY MAJOR PLAYERS	132
FIGURE 43	DRY-TYPE TRANSFORMER MARKET: KEY STRATEGIES ADOPTED BY MAJOR PLAYERS, 2018–2023	132
11.3	INDUSTRY CONCENTRATION OF KEY PLAYERS, 2022	133
FIGURE 44	DRY-TYPE TRANSFORMER MARKET: INDUSTRY CONCENTRATION OF KEY PLAYERS, 2022	133
11.4	MARKET EVALUATION FRAMEWORK, 2018–2023	133
TABLE 146	MARKET EVALUATION FRAMEWORK, 2018–2023	133
11.5	SEGMENTAL REVENUE ANALYSIS OF TOP FIVE PLAYERS,  2018–2022	135
FIGURE 45	SEGMENTAL REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2018–2022	135
11.6	COMPETITIVE SCENARIOS AND TRENDS	136
11.6.1	DEALS	136
TABLE 147	DRY-TYPE TRANSFORMER MARKET: DEALS, 2018–2023	136
11.6.2	PRODUCT LAUNCHES	136
TABLE 148	DRY-TYPE TRANSFORMER MARKET: PRODUCT LAUNCHES, 2018–2023	136
11.6.3	OTHERS	137
TABLE 149	DRY-TYPE TRANSFORMER MARKET: OTHERS, 2020–2021	137
11.7	COMPANY EVALUATION MATRIX, 2022	137
11.7.1	STARS	137
11.7.2	EMERGING LEADERS	137
11.7.3	PERVASIVE PLAYERS	138
11.7.4	PARTICIPANTS	138
FIGURE 46	DRY-TYPE TRANSFORMER MARKET: COMPANY EVALUATION MATRIX, 2022	138
11.8	COMPETITIVE BENCHMARKING	139
TABLE 150	TECHNOLOGY: COMPANY FOOTPRINT	139
TABLE 151	APPLICATION: COMPANY FOOTPRINT	140
TABLE 152	PHASE: COMPANY FOOTPRINT	141
TABLE 153	VOLTAGE: COMPANY FOOTPRINT	142
TABLE 154	REGION: COMPANY FOOTPRINT	143
12	COMPANY PROFILES	144
(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*
12.1	KEY PLAYERS	144
12.1.1	SCHNEIDER ELECTRIC	144
TABLE 155	SCHNEIDER ELECTRIC: COMPANY OVERVIEW	144
FIGURE 47	SCHNEIDER ELECTRIC: COMPANY SNAPSHOT	145
TABLE 156	SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED	145
12.1.2	EATON	147
TABLE 157	EATON: COMPANY OVERVIEW	147
FIGURE 48	EATON: COMPANY SNAPSHOT	148
TABLE 158	EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED	148
TABLE 159	EATON: DEALS	149
12.1.3	TOSHIBA CORPORATION	151
TABLE 160	TOSHIBA CORPORATION: COMPANY OVERVIEW	151
FIGURE 49	TOSHIBA CORPORATION: COMPANY SNAPSHOT	152
TABLE 161	TOSHIBA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED	152
12.1.4	HITACHI, LTD.	154
TABLE 162	HITACHI, LTD.: COMPANY OVERVIEW	154
FIGURE 50	HITACHI, LTD.: COMPANY SNAPSHOT	155
TABLE 163	HITACHI, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED	156
TABLE 164	HITACHI, LTD.: PRODUCT LAUNCHES	157
TABLE 165	HITACHI, LTD.: DEALS	157
TABLE 166	HITACHI, LTD.: OTHERS	158
12.1.5	SIEMENS ENERGY	159
TABLE 167	SIEMENS ENERGY: COMPANY OVERVIEW	159
FIGURE 51	SIEMENS ENERGY: COMPANY SNAPSHOT	160
TABLE 168	SIEMENS ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED	160
TABLE 169	SIEMENS ENERGY: PRODUCT LAUNCHES	161
12.1.6	GENERAL ELECTRIC	162
TABLE 170	GENERAL ELECTRIC: COMPANY OVERVIEW	162
FIGURE 52	GENERAL ELECTRIC: COMPANY SNAPSHOT	163
TABLE 171	GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED	163
12.1.7	FUJI ELECTRIC CO., LTD.	164
TABLE 172	FUJI ELECTRIC CO., LTD.: COMPANY OVERVIEW	164
FIGURE 53	FUJI ELECTRIC CO., LTD.: COMPANY SNAPSHOT	164
TABLE 173	FUJI ELECTRIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED	165
12.1.8	CG POWER & INDUSTRIAL SOLUTIONS LTD.	166
TABLE 174	CG POWER & INDUSTRIAL SOLUTIONS LTD.: COMPANY OVERVIEW	166
FIGURE 54	CG POWER & INDUSTRIAL SOLUTIONS LTD.: COMPANY SNAPSHOT	167
TABLE 175	CG POWER & INDUSTRIAL SOLUTIONS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED	167
12.1.9	KIRLOSKAR ELECTRIC COMPANY	168
TABLE 176	KIRLOSKAR ELECTRIC COMPANY: COMPANY OVERVIEW	168
FIGURE 55	KIRLOSKAR ELECTRIC: COMPANY SNAPSHOT	168
TABLE 177	KIRLOSKAR ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED	169
12.1.10	HYOSUNG HEAVY INDUSTRIES	170
TABLE 178	HYOSUNG HEAVY INDUSTRIES: COMPANY OVERVIEW	170
FIGURE 56	HYOSUNG HEAVY INDUSTRIES: COMPANY SNAPSHOT	170
TABLE 179	HYOSUNG HEAVY INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED	171
12.1.11	HAMMOND POWER SOLUTIONS	172
TABLE 180	HAMMOND POWER SOLUTIONS: COMPANY OVERVIEW	172
TABLE 181	HAMMOND POWER SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED	172
FIGURE 57	HAMMOND POWER SOLUTIONS: COMPANY SNAPSHOT	173
TABLE 182	HAMMOND POWER SOLUTIONS: PRODUCT LAUNCHES	174
TABLE 183	HAMMOND POWER SOLUTIONS.: OTHERS	174
12.1.12	VOLTAMP	175
TABLE 184	VOLTAMP: COMPANY OVERVIEW	175
TABLE 185	VOLTAMP: PRODUCTS/SERVICES/SOLUTIONS OFFERED	175
FIGURE 58	VOLTAMP: COMPANY SNAPSHOT	175
12.1.13	WEG	176
TABLE 186	WEG: COMPANY OVERVIEW	176
TABLE 187	WEG: PRODUCTS/SERVICES/SOLUTIONS OFFERED	176
FIGURE 59	WEG: COMPANY SNAPSHOT	177
12.1.14	TMC TRANSFORMERS S.P.A.	178
TABLE 188	TMC TRANSFORMERS S.P.A.: COMPANY OVERVIEW	178
TABLE 189	TMC TRANSFORMERS S.P.A.: PRODUCTS/SERVICES/SOLUTIONS OFFERED	178
TABLE 190	TMC TRANSFORMERS S.P.A.: DEALS	179
12.1.15	HANLEY ENERGY	180
TABLE 191	HANLEY ENERGY: COMPANY OVERVIEW	180
TABLE 192	HANLEY ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED	180
12.1.16	ALFANAR GROUP	181
TABLE 193	ALFANAR GROUP: COMPANY OVERVIEW	181
TABLE 194	ALFANAR GROUP: PRODUCTS/SERVICES/SOLUTIONS OFFERED	181
*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
 
12.2	OTHER PLAYERS	182
12.2.1	EFACEC	182
12.2.2	TBEA CO., LTD.	182
12.2.3	JST POWER EQUIPMENT, INC.	183
12.2.4	RPT RUHSTRAT POWER TECHNOLOGY GMBH	183
12.2.5	RAYCHEM RPG PRIVATE LIMITED	184
12.2.6	DELTA STAR POWER MANUFACTURING CORP.	184
13	APPENDIX	185
13.1	INSIGHTS FROM INDUSTRY EXPERTS	185
13.2	DISCUSSION GUIDE	185
13.3	KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL	189
13.4	CUSTOMIZATION OPTIONS	191
13.5	RELATED REPORTS	191
13.6	AUTHOR DETAILS	192
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