Two Winding:
The segment of two winding industrial cast resin transformers is expected to witness steady growth in the coming years. These transformers are widely used in various industrial applications due to their high efficiency and reliability. The growing demand for sustainable energy solutions is driving the adoption of these transformers in industries such as power generation, oil and gas, and manufacturing.
Auto Transformer:
The auto transformer segment in the industrial cast resin transformer market is projected to show significant growth during the forecast period. Auto transformers offer advantages such as cost-effectiveness and reduced size compared to two winding transformers. These factors are expected to fuel the demand for auto transformers in industries where space and budget constraints are key considerations.
≤ 5 MVA:
The industrial cast resin transformer market for ratings less than or equal to 5 MVA is anticipated to expand at a steady pace. These transformers are commonly used in small to medium-sized industrial applications where power requirements are relatively lower. The increasing focus on energy efficiency and sustainability is driving the adoption of smaller MVA rated transformers in industries such as commercial buildings, data centers, and telecommunications.
> 5 MVA to ≤ 30 MVA:
The segment of industrial cast resin transformers with ratings greater than 5 MVA to less than or equal to 30 MVA is poised for robust growth in the foreseeable future. These transformers are widely used in heavy industries such as mining, metals, and chemical processing where large power capacities are required. The increasing investments in infrastructure development and industrial automation are expected to drive the demand for transformers in this rating range.
> 30 MVA:
The segment of industrial cast resin transformers with ratings exceeding 30 MVA is expected to show substantial growth in the coming years. These high-power transformers are utilized in industries such as utilities, renewable energy, and large-scale manufacturing facilities. The increasing focus on grid modernization and renewable energy integration is expected to propel the demand for transformers with ratings exceeding 30 MVA.