Dry Type Transformer Market worth $9.2 Billion by 2028
The global Dry Type Transformer Market is expected to grow from an estimated USD 6.6 billion in 2023 to USD 9.2 billion by 2028, at a CAGR of 6.8% according to a new report by MarketsandMarkets™. Countries across the globe continue to invest in upgrading and expanding their electrical grids to meet the rising energy demand and integrate renewable energy sources. Surging demand for energy efficient...
Emerging Economies Offer Lucrative Growth Opportunities for the Dry Type Transformer Market
Dry type transformers provide safety against fire and leakage, which reduces environmental and health concerns. Dry type transformers are gaining importance owing to their benefits over oil type transformers. They are moisture proof and have better impulse and short circuit strength. For instance, oil type transformers require regular sampling of oil and complex maintenance procedures, which increases...