Dry-type transformers market: how TMC Transformers faces a complex background with resilience and strength
After the end of the covid restriction, TMC Transformers started to see two main factors thathave characterized the market. The first was the increase in volume requested and the second was related to the increase of the cost of raw materials, together with a longer lead time. Initially we considered this to be a reaction to the reduction in global activity due to covid, but we continued to see a significant upturn in orders and growth continued over many months that followed.
It all started five years ago, when TMC invested heavily in the dry transformer business . We saw continuous growth as a result, even during covid time we managed to retain all employees, which helped give TMC the platform to continue the journey and grow the business .
In order to maintain a sustainable growth, we have always tried to anticipate the market, although what happened after covid was not easy to predict. Our investment continued with the purchase of new winding machines, new facilities, special tools for production and the latest software to improve design and production processes .
In addition to this, TMC have and continue to invest heavily in bringing new people on board across all functions of the business: this will enable us to increase capacity in the medium and long term. But we didn’t stop there! We’ve expanded our global presence by opening new facilities in both the USA & Israel. The most challenging aspect in this background, first and foremost, is to secure material and to manage prices .
More recently, the signs are that the availability of material has increased, although lead times remain long. O ver those past few months, we have learnt how to manage our supply chain more- effectively, thus improving the management of longer lead time projects, mitigating the risk linked to cost variations . Overall, the economy has a positive trend, with most applications requiring dry type transformers are demanding more investments .
The need of a green transition is creating more & more new opportunities for infrastructures that are linked to new technologies such as Hydrogen production, electrical chargers and battery storage. Global digitalization is creating the need for new data centres and a growing demand for clean energy is driving investment in renewable energy generation, together with new and more-efficient distribution infrastructures .
Following a period of considerable investment in R&D, we are now delivering products for traditional renewables, such as wind and solar. TMC have also developed innovative solutions that support hydrogen production, improving our products continuously in order to position ourselves and a reliable supplier to our customers that support demanding applications where dry transformers play a fundamental role. These technological advances mean that TMC ’s dry type transformer offer is a very credible alternative to traditional, liquid-filled assets .
When it comes to our internal approach to sustainability, we’ve invested in processes that enable us to reduce the CO2 omitted by our facilities. We installed an array of solar panels on the roof of our main production site, which has a capacity to generate more than 1 GW h/year. O ther initiatives include the recycling of packaging, reduction in the scrap material that we produce in many operations and the installation of more efficient tools to reduce consumption.
Our growth is not only linked to market ex pansion, but also due to high penetration of the customer base. We’ve created a strong network of agents and distributors across the globe and the return we are having is based on solid relationship with our customers .
We are positioning our products and overall offering into new applications and solutions, differentiating in numerous areas and, therefore, operating independently from the economic cycle. TMC work tirelessly to mitigate risk and take advantage of these positive trends . We will continue to develop our global footprint, ex panding into developing regions .
