Dry transformer insulation market worth $1.21 B by 2030
The dry transformer insulation market is projected to reach $1.21 B by 2030 from $0.93 B in 2025, growing at a CAGR of 5.5 % during the forecast period.
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According to a report by MarketsandMarkets, the dry transformer insulation market is projected to reach $1.21 B by 2030 from $0.93 B in 2025, growing at a CAGR of 5.5 % during the forecast period.
The growth of the dry transformer insulation market is primarily driven by a high emphasis on safety, sustainability, and technological advancements.
Solid insulation is expected to hold the largest share of the dry transformer insulation market, attributed to its superior performance and safety advantages. Materials such as epoxy resin and polyester exhibit exceptional dielectric strength, thermal stability, and moisture resistance, making solid insulation highly suitable for urban and industrial dry-type applications. Unlike liquid insulation, solid insulation eliminates leakage risks and mitigates fire hazards and environmental contamination, enabling manufacturers to comply with stringent regulations while adhering to sustainability standards.
Europe holds the second-largest share of the dry transformer insulation market, driven by several important factors. One key driver is the region’s strong regulatory framework and its broad commitment to decarbonisation, sustainability, and energy efficiency. The European Union continues to introduce a range of policies aimed at tackling environmental issues and accelerating the decarbonisation process throughout its member nations. Other markers include
The key players in the market: 3M, The Sherwin-Williams Company, PPG Industries, Inc., DuPont, WEG, Huntsman International LLC, ALTANA AG, Krempel GmbH, PUCARO Electrical Insulation GmbH, and Kansai Altan, among others.
Source: MarketsandMarkets
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