According to the new market research report “Epoxy Cast Dry-type Transformer (≤35KV)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Epoxy Cast Dry-type Transformer (≤35KV) market size is projected to reach USD 8.76 billion by 2030, at a CAGR of 5.8% during the forecast period.
- Global Epoxy Cast Dry-type Transformer (≤35KV) MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Epoxy Cast Dry-type Transformer (≤35KV)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Epoxy Cast Dry-type Transformer (≤35KV) Top18Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Epoxy Cast Dry-type Transformer (≤35KV)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Epoxy Cast Dry-type Transformer (≤35KV) include Hitachi Energy (ABB), Tbea Co., Ltd, Siemens, China XD Electric, Jinpan Technology, Jiangsu Huapeng Transformer, SGB-SMIT Group, Schneider Electric , CEEG Transformer CO.,Ltd (CEEG), Guangdong Shunna Electric Co., Ltd, etc. In 2023, the global top 10 players had a share approximately 62.0% in terms of revenue.
- Epoxy Cast Dry-type Transformer (≤35KV),Global Market Size, Split by Product Segment
Source: QYResearch, "Epoxy Cast Dry-type Transformer (≤35KV)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, currently Below 35KV is the largest segment, hold a share of 96.0%.
- Epoxy Cast Dry-type Transformer (≤35KV),Global Market Size, Split by ApplicationSegment
Source: QYResearch, "Epoxy Cast Dry-type Transformer (≤35KV)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product application, currently Power Industry is the largest segment, hold a share of 73.1%.
Market Drivers:
| New energy | With the transformation of the global energy structure and continuous breakthroughs in new energy technologies, new energy installed capacity is growing at an unprecedented rate. The widespread application of renewable energy sources such as solar energy and wind energy, as well as the continuous advancement of energy storage technology, have led to an increasing proportion of new energy installed capacity in the global energy structure. This new energy trend not only promotes the surge in demand for supporting power equipment, but also promotes continuous innovation and upgrading of the power equipment market. |
| Replace traditional transformer | Compared with traditional oil-immersed transformers, epoxy cast dry-type transformers are safer, more environmentally friendly and easier to maintain. The government's policy support for energy conservation and environmental protection has prompted users to gradually replace traditional transformers, driving the growth of the epoxy cast dry-type transformer market. |
| Urbanization | The acceleration of urbanization means the continuous upgrading and expansion of urban power systems, including the construction of urban power grids, subways, high-speed rail and other projects. These projects have put forward higher requirements for power equipment, including epoxy cast dry-type transformers, so the market demand has also increased. |
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