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The U.S. Cast Resin Transformer Market by Type, Cooling Type, Phase, Voltage, and End Use: National Opportunity Analysis and Industry Forecast, 2021-2030

Portland, Oregon, USA, November 1, 2021/EINPresswire.com/-The size of the US cast resin transformer market in 2020 is USD 574.2 million, and is expected to reach USD 1.0070 billion by 2030, with a compound annual growth rate of 5.7% From 2021 to 2030. The cast resin transformer is a magnetic core transformer in which the windings and the magnetic core are stored in a sealed tank that uses air as a cooling medium instead of oil or other liquids in typical liquid-filled transformers. In cast resin transformers, high voltage (HV) and low voltage (LV) windings are completely impregnated and cast in epoxy resin under vacuum. This encapsulation helps prevent moisture from penetrating into the winding material. The insulating material provides excellent fire hazard protection; therefore, it is suitable for indoor installation. This makes them the first choice for underground or urban building substations that require site-specific fire protection and fire emergency management strategies.

Compared with wet-type transformers, cast resin transformers have many advantages. It is easy to install and requires less maintenance. It has excellent short-circuit current resistance and overload support. It does not use hydrocarbon liquids that are harmful to the environment, so it is environmentally friendly and pollution-free. It is self-extinguishing and can reduce the cost of civil engineering installation and fire fighting system. In recent years, cast resin transformers have been in great demand because they are installed in industrial, commercial, and residential and non-residential buildings.

According to the type, the cast resin converter transformer segment has the highest market share in 2020, about 59.9%, and it is expected to maintain its dominant position during the forecast period. This is due to the increase in the use of converter transformers in the excitation systems of turbines and hydroelectric generators, the electric drive of drilling equipment, the use of semiconductor converters in the traction substations of urban electrified public transport (tramcars, trolleybuses, and subways), as well as DC and AC drive.

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On the basis of the type of cooling, the forced air cooling has the largest market share in terms of revenue and is expected to maintain its dominant position during the forecast period. This growth is attributed to the increase in the demand for forced air cooling systems in industrial applications due to the increase in temperature of the cast resin transformer system. In addition, compared to natural air cooling, forced air cooling systems cool highly heated cast resin transformers in a shorter period of time, which in turn is expected to drive the growth of this market segment during the forecast period.

Calculated by stage, the single-phase part occupies the largest share of revenue and is expected to grow at a compound annual growth rate of 5.6%. This is due to the increased use of single-phase cast resin transformers in low-voltage power distribution applications in various commercial and residential applications (such as hospitals, educational institutions, commercial offices, public infrastructure, and other applications). In addition, it is also used in some small-scale industrial applications, which is expected to promote the growth of the US cast resin transformer market in the next few years.

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In terms of voltage, the low-voltage segment has the highest market share in terms of revenue and is expected to maintain its dominant position within the time frame of the analysis. This is due to the increasing use of low-voltage cast resin transformers in residential and commercial applications. In addition, rapid growth in the automotive, construction and construction, healthcare, military and defense, power generation and other industries is expected to drive the growth of this segment in the next few years.

In terms of end use, the industrial sector has the highest market share in terms of revenue and is expected to maintain its dominant position in the coming years. This is due to the increased demand for cast resin transformers in various industries such as shipbuilding, chemical industry, oil and gas, renewable energy, and power generation.

The US cast resin transformer market analysis covers in-depth information on major industry players. The main participants operated and introduced in the report include Eaton, Fuji Electric Co., Ltd., General Electric, Hammond Power Solutions, Hitachi ABB Co., Ltd., Schneider Electric SE, Olsen Electric Co., and Hanley Energy Co., Ltd. , Siemens AG, and WEG Group.

Other participants operating in the value chain of the US cast resin transformer market include MGM Transformer Company, Niagara Transformer Corporation, Alfa Transformer, Acutran, etc.

Get a detailed analysis of the impact of COVID-19 on the U.S. cast resin transformer market @ https://www.alliedmarketresearch.com/request-for-customization/13467?reqfor=covid

The impact of COVID-19 on the market Due to the outbreak of the COVID-19 pandemic, the US cast resin transformer market has witnessed steady and slow growth in 2020. The epidemic has negatively affected various industries in the United States. In addition, the suspension or cancellation of projects in various industries such as construction, oil and gas, manufacturing, electric power, and chemical industries has affected the sales of cast-plastic transformers. This has further inhibited the growth of the cast resin transformer market. Until the impact of the pandemic diminishes. Therefore, it is estimated that the gradual end of blockade and vaccination across the country will boost the economy, which is expected to promote the cast resin transformer market in the United States in the coming year.

David Correa Allied Analytics LLP 18007925285 ext. Email us here and visit us on social media: Facebook Twitter LinkedIn

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