Dry Type Transformer Market Projected To Raise At USD 10.44 Billion By 2030
San Francisco, 19 December 2024: The Report Dry Type Transformer Market Size, Share & Trends Analysis Report By Voltage (Low, Medium, High), By End Use (Industrial, Commercial, Utilities), By Region, And Segment Forecasts, 2024 - 2030 The global dry type transformer market to reach USD 10.44 billion by 2030 and is to grow at a CAGR of 6.2% from 2024 to 2030. This growth is attributed to the increasing urbanization and industrialization across the globe which is driving the need for reliable electricity distribution systems, boosting the demand for transformers, including dry type transformers. Furthermore, stringent energy efficiency regulations and standards imposed by governments and environmental agencies encourage the adoption of energy-efficient dry type transformers over oil-filled transformers. Thereby boosting market growth. Dry type transformers are preferred due to their reduced fire risk and environmental friendliness compared to oil-fil...