France Dry Type Transformer Market Size, Share, Opportunities, And Trends By Type (Cast Resin, Vacuum Pressure Impregnated), By Voltage (Low, High), By Phase (Single Phase, Three Phase), And By End-User Industry (Energy And Power, Cement, Metallurgical Mining, Pulp And Paper, Petrochemical, Marine) - Forecasts From 2023 To 2028

The France dry type transformer market is projected to witness a compound annual growth rate of 2.55% to grow to US$151.715 million by 2028, from US$127.161 million in 2021.

A dry-type transformer is a type of magnetic core transformer developed on relatively new technology that employs natural or forced air cooling rather than oil. Dry-type transformers, as opposed to liquid fill transformers, utilize only high-temperature insulation techniques that are environmentally friendly. It has no moving parts, thus it requires less maintenance while providing dependability and a long life cycle. These transformers are completely risk-free, they can be easily installed in hospitals, schools, factories, chemical plants, and other structures where fire safety is a top priority.

Companies are making huge investments in the dry type transformers. For instance, Siemens Energy introduced an innovative dry-type single-phase transformer for pole applications in April 2022. Hitachi Energy introduced a plug-and-play dry-type traction transformer with an integrated cooling system in September 2022, with the goal of lowering CO2 emissions and total running expenses while enhancing energy efficiency.

Growing demand for electricity and renewable energy in various countries.

During the forecast period, the market is expected to be driven by factors such as rising electricity demand, the incorporation of renewable-based power generation, and increased investments in the transmission and distribution (T&D) network. Machinery with varying voltage requirements is used in sectors ranging from large to small. Because fire safety is important in these industries, some have specialized voltage requirements, such as oil and gas, mining, and marine. France has pledged to boost the adoption of renewable energy generation in total electricity produced in an effort to minimize reliance on coal-based electricity generation. Owing to, their safety and design features, dry-type transformers are replacing wet transformers in the renewable energy sector. The French market is driven by its widespread application in power distribution. The expansion of the power distribution network, as well as fast industrialization in Paris, and Strasbourg is projected to fuel the growth of the dry type transformer market. Machinery with varying voltage requirements is used in sectors ranging from large to small.

During the forecast period, the cast resin segment is expected to hold a considerable market share driven by its excellent moisture resistance, insulation properties, and suitability for both indoor and outdoor applications.

By type, the French dry type transformers market is divided into cast resin and vacuum pressure impregnated. Cast resin transformers are known for their excellent moisture resistance properties, making them well-suited for applications in both indoor and outdoor environments. Moreover, they offer enhanced safety features compared to other types of transformers. They are self-extinguishing and have low flammability, reducing the risk of fire hazards. The stringent safety regulations and increased focus on fire safety in various industries are driving the adoption of cast resin transformers.

Additionally, cast resin transformers are known for their high energy efficiency, which helps reduce energy consumption and operating costs. Additionally, they do not contain oil or other hazardous substances, making them environmentally friendly. The increasing emphasis on energy efficiency and environmental sustainability is a significant growth factor for the cast resin segment.

The increasing focus on renewable energy sources and the need for sustainable energy solutions has led to a growing demand for dry type transformers in the energy and power segment in France.

By end-user industry, France's dry type transformer market is segmented as energy and power, cement, metallurgical mining, pulp and paper, petrochemical, marine, and others. These transformers are designed to convert the energy generated by these sources into usable electrical power for homes, businesses, and industries. The power segment on the other hand includes transformers used in traditional power systems, such as electric utilities and industrial applications. These transformers are designed to manage the distribution and transmission of electrical power at various voltage levels, ensuring the efficient and safe delivery of electricity to end users. The demand for dry-type transformers in the power segment is driven by the need for energy-efficient and environmentally friendly solutions, as well as the increasing demand for reliable and secure power supply.

Government initiatives and policies are further driving the growth of the energy and power segment in the France dry type transformers markets such as government initiatives and policies. The French government has implemented several initiatives and policies to promote the adoption of renewable energy sources and increase energy efficiency. These policies include subsidies, tax incentives, and regulations that require the use of energy-efficient technologies, such as dry-type transformers. According to the International Energy Agency, as part of France's 2030 national investment plan, EUR 1 billion will be invested by the French government towards renewable energy innovation projects. The main aim behind this investment revolves around increasing the renewable power installed capacity by ten times by 2050, to up to 100GW.

Key Market Segments

• By Type
  • Cast Resin
  • Vacuum Pressure Impregnated
• By Voltage
  • Low
  • Medium and High
• By Phase
  • Single Phase
  • Three Phase
• By Application
  • Energy & Power
  • Cement
  • Metallurgical Mining
  • Pulp & Paper
  • Petrochemical
  • Marine
  • Others