Table of Content


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