North America Dry Type Transformer Market share is anticipated to grow on account of rising technological advancements and ongoing replacement of conventional insulation technologies. The ability of these systems to operate in extreme weather conditions along with elimination of leakages & spills will encourage the product penetration. In addition, effective resistance to short circuits and abrupt current flow together with provision of operational safety and security across indoor deployment is set to complement the business growth.

The unforeseen outbreak of Novel Coronavirus (COVID-19) has resulted in delayed industry operations owing to implementation of nationwide curfews and lockdown with an aim of limiting the virus spread. The manufacturing sector witnessed a major lag following the complete restriction on labour movement across all affected nations. However, growing demand for reliable and stable electricity supply on account of industry automation is anticipated to stimulate the product deployment.

Three-phase dry type transformer market is projected to grow on account of their applicability across large scale industries and utility-based distribution networks. Increasing demand for reliable power supply and rising need for energy efficient environment will enhance the business scenario. In addition, minimized line losses along with effective long-route electricity transmission will positively influence the industry potential.

Ongoing refurbishment and retrofitting of conventional grid network primarily across developed economies coupled with rising space confinement is set to propel the indoor dry type transformer market growth. Flourishing real estate sector owing to exponential increase in investments by local and global organisation including World Bank will encourage the product adoption. Furthermore, rapid grid expansion in conjunction with government initiatives to introduce renewable energy into the grid will strengthen the product demand.

Auto transformer industry share is projected to grow on account of operational flexibility and effective transformation when compared to their available counterparts. Cost competitiveness, compact structure and higher efficiency are some of the salient parameters which will further positively influence the business outlook.

> 30 MVA dry type transformers are anticipated to witness significant growth on account of their wide applicability across process industries and power sector. Growing integration of renewable technologies into the electricity network with an aim to integrate sustainable power generation coupled with robust expansion of micro-grid infrastructure will fuel the technology adoption.

Growing emphasis toward adoption of energy efficient systems in conjunction with favourable government incentives to promote energy conservation will boost the dry type transformer market across large scale industries. Moreover, growing demand for safe & secure grid infrastructure along with rising need for efficient power supply components across T&D network will escalate the business growth.

Eminent industry participants operating across the market include General Electric, ABB, Eaton, Schneider Electric, Siemens, Toshiba Corporation and Pioneer Power Solutions amongst others.