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Dry Type Transformer Market Worth $5.38 Billion by 2020PUNE, India, September 14, 2015 /PRNewswire/ -- The report "Dry Type Transformer Market by Technology (Cast Resin, Vacuum Pressure Impregnated), by Phase (Single-Phase, Three-Phase), by Voltage (Low, Medium), by Application (Industrial, Commercial, Others), by Geography - Global Forecast to 2020", published by MarketsandMarkets, The global Dry Type Transformer Market is expected to reach $5.38 Billion by 2020 from $4.16 Billion in 2015, at a CAGR of 5.3%. Browse 106 Tables and 67 Figures spread through 127 Pages and in-depth TOC on "Dry Type Transformer" http://www.marketsandmarkets.com/Market-Reports/dry-type-transformer-market-193779200.html Early buyers will receive 10% customization on this report. The market report provides a detailed overview of the major drivers, restraints, opportunities, and challenges impacting the global Dry Type Transformer Market along with the estimates and forecast of the revenue and market share analysis The global Dry Type Transformer Market is expected to reach $5.38 Billion by 2020 from $4.16 Billion in 2015, at a CAGR of 5.3%. The dry type transformers market is driven by the increasing demand of energy, reduction of fire hazards, and need to adopt safe methods to distribute electricity for residential and commercial use. Besides, there is no fire protection requirement for dry type transformers, thereby, resulting it to be environmentally safe. However, high costs and lack of governmental investments towards grid expansion and stability may hinder the growth of this market. Download Free Sample Pages of Report @ http://www.marketsandmarkets.com/requestsample.asp?id=193779200 Globally, several renewable energy and grid upgrade projects are under progress, therefore, the dry type transformers are preferred as they are environment-friendly and offer high-level of safety. Asia-Pacific is the major contributor to the dry type transformers market. The major drivers for the dry type transformers market are increasing demand from emerging economies such as Indiaand China, large number of ongoing grid restructuring & expansion projects, ands smart grid projects. The countries in RoW, such as Iran and Saudi Arabia are investing heavily in the expansion and restructuring of power and distribution grids, which is offering high growth prospects for the Dry Type Transformer Market. On the basis of technology, the market is divided into Cast Resin, and VPI. The Cast Resin segment is expected to account for the largest share of the global Dry Type Transformer Market by 2020. On the other hand, the VPI segment is expected to witness the growth rate of 4.8% during the forecast period. On the basis of phase types, the market is divided into single phase and three phase transformers. On the basis of voltage, market is categorized into medium voltage and low voltage .The geographic segments included in this report are North America, Europe, Asia, and the Rest of the World (ROW). Major players in this market include Hammond Power Solution Inc. (Canada), ABB Ltd.(Switzerland), Siemens AG (Germany), General Electric (U.S.), Jinpan International Ltd.(China), ABB Ltd. (Switzerland), Schneider Electric (France), TBEA Transformer Industrial Group (China), Eaton Corporation (Ireland), Crompton Graves Ltd. (India), and Voltamp Transformer Ltd.(India). Browse Related Reports Converter Transformer Market by Configuration (Back-to-Back, Monopolar, Bipolar, and Multi-terminal), Voltage level, Application (Windfarms, Oil & Gas, and Grid interconnections), Power rating, and by Region - Global trends and forecast to 2020 http://www.marketsandmarkets.com/Market-Reports/hvdc-converter-transformer-market-170425557.html Smart Transformers Market by Type (Power, Distribution, Specialty, and Instrument), Application (Smart Grid, Traction Locomotive, Electric Vehicle Charging, and Others) & by Region - Global Trends & Forecast to 2020 http://www.marketsandmarkets.com/Market-Reports/smart-transformers-market-15362928.html About MarketsandMarkets MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. 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