According to Inkwood Research, the global dry-type transformer market was valued at $4.37 billion in 2020. Moreover, it is expected to reach $7.93 billion by 2028, growing with a CAGR of 6.25% over the forecast years. The base year considered for the market study is 2020, and the forecast period is from 2021 to 2028. GLOBAL DRY-TYPE TRANSFORMER MARKET FORECAST 2021-2028 Global Dry-type Transformer Market by Type (Dry-type Converter Transformer, Dry-type Rectifier Transformer) by Technology... Read more
The Asia Pacific dry-type transformer market is anticipated to record a CAGR of 5.86%, over the forecast period of 2021 to 2028. The region’s key market drivers include the presence of several mature economies, the rise in household income, and the smart cities initiative. The Asia Pacific dry-type transformer market growth analysis includes assessing China, Japan, South Korea, India, Indonesia, Vietnam, Thailand, Australia & New Zealand, and the rest of the Asia Pacific. ASIA PACIFIC... Read more
The Europe dry-type transformer market is expected to register a CAGR of 6.49% over the forecast years of 2021 to 2028. The market growth is fueled by factors, such as, the transition towards renewable energy, like wind and solar, and the increased demand for reliable distribution-systems. The Europe dry-type transformer market growth is analyzed by assessing Russia, the United Kingdom, France, Germany, Italy, Poland, Belgium, and the rest of Europe. EUROPE DRY-TYPE TRANSFORMER MARKET FORECAST... Read more
The North America dry-type transformer market is estimated to record a CAGR of 6.74%, during the forecast period of 2021 to 2028. The region’s key market growth drivers include the increased adoption of renewable energy generation and new metro projects. The North America dry-type transformer market growth is assessed by analyzing the United States and Canada. Presently, the United States is rapidly investing in upgrading, expanding, and replacing existing and new distribution and transmission infrastructure.... Read more
According to Inkwood Research, the global facial recognition market is projected to garner a revenue share of $11.94 billion by 2028, growing at a CAGR of 14.41% across the forecast years. The base year considered for the market study is 2018, and the forecast years are 2019 to 2028. Facial recognition systems entail a facial scanner that captures an individual's distinguishing facial features, such as the distance between their eyes, the width of their nose,... Read more