Medeo Introduces Creative OS, Taking AI Video From Trend Discovery to Monetization in One Continuous Workflow

Medeo's AI video agent now runs the full creative lifecycle, from spotting what's trending to publishing and earning from the finished video

SAN FRANCISCO, Oct. 14, 2026 /PRNewswire/ -- Medeo, the AI video platform built by One2X, today announced its expansion into a Creative OS, an AI video generator and AI video agent that enables creators, marketers, and brands to take an idea from concept to audience and income within a single platform.

Video production remains fragmented across multiple tools. Creators typically rely on one product to research ideas, another to generate or edit footage, a third for social media management and publishing, and a separate channel for monetization. Each transition adds time and complexity, which is a significant constraint in a media environment where trends can lose relevance within days.

Medeo's Creative OS addresses this by consolidating the process. Rather than limiting its role to generation, as a conventional AI video generator does, the platform supports a video from initial idea through distribution and revenue, keeping the entire workflow within one system.

A Continuous Workflow in Four Stages

The workflow begins with discovery. Medeo surfaces trends and cultural moments that merit content, allowing creators to act on opportunities before they peak.

Creation takes place through natural conversation. Users describe the video they want, and Medeo's AI video generation produces publish-ready content. The AI video agent can manage different stages of production according to the requirements of each project, from concept through final edit.

Distribution follows. Completed videos can be published directly to the social media platforms where audiences are active. Because social media management is integrated into the platform, creators are not required to export files and transfer them to a separate publishing tool.

Monetization completes the cycle. A built-in creator marketplace connects creators with opportunities to earn from their work, converting finished content into income.

Featured Content Categories

Medeo's featured categories address the formats most in demand among creators and businesses.

Visual Effects gives creators a simple way to produce viral content for social media. Users record footage of themselves, and Medeo generates an AI video based on viral templates, making it easy to join viral trends and share on social platforms, with no traditional production skills or equipment required.

For marketers and business owners, Creative Ads turns brand and product details into finished campaign assets. By entering that information, users can generate high-quality AI video ads, including TVC ads and e-commerce ad creatives, without the cost and lead time of a conventional production.

Faceless video creators and content writers expanding into video can use Explainers to convert written or spoken material into finished content. Users upload a text or audio script, and Medeo produces a polished, faceless explainer video that does not require the creator to appear on camera.

Music Videos is built for creators who want to turn audio into visual content. Users upload a music file and specify their creative requirements, and Medeo generates an AI music video with synchronized audio and visuals, a strong rhythm, and a high standard of visual quality.

From Trend to Published Video

By integrating discovery, creation, distribution, and monetization, Medeo shortens the path from idea to audience. A creator can begin with a query such as "What's trending in my niche?" and proceed to a finished, published video within a single conversation with the AI video agent.

For e-commerce brands and marketing teams, the platform enables faster testing of ad concepts and more timely responses to cultural moments. For independent creators, it reduces time spent moving between applications and allows greater focus on original ideas. Creators operating faceless channels can also use Medeo to support YouTube automation, moving from topic research to scripted, finished videos with substantially less manual effort.

Medeo also provides tools that support repeatable production. Recipes allow creators to adapt popular video formats to their own concepts, Agent Mode manages individual stages of production, and characters, visual styles, and worlds can be saved as reusable personal assets for future projects.

Supporting the Creator Economy

By bringing the full creative lifecycle into one environment, Medeo aims to make professional-quality AI video creation accessible to a broader range of users. New creators gain a guided path from concept to finished content, while experienced creators, marketers, agencies, and teams gain a more efficient method of producing short-form video content at scale.

The inclusion of a marketplace also reflects the way creators now operate. Content creation is increasingly a business, and the tools supporting it must address distribution and revenue in addition to production. Medeo's Creative OS has been developed to meet that need.

About Medeo

Medeo is a Creative OS and AI video generator built by One2X. Where most AI video tools end at generation, Medeo's AI video agent supports the entire creative lifecycle: surfacing trends worth capturing, producing publish-ready video through simple conversation, distributing finished work across platforms, and enabling creators to earn through a built-in marketplace. Learn more at https://www.medeo.app/

Social Media:

SOURCE Medeo AI

Share this article

LAS VEGAS, Oct. 14, 2026 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS) will release its third quarter 2026 financial results on Wednesday, October 21, 2026, after market close.

The company will host a conference call to discuss its results at approximately 1:30 p.m. Pacific Time.

A webcast of the conference call will be available at www.investor.sands.com.

About Sands (NYSE: LVS)

Sands is the leading global developer and operator of integrated resorts. The company's iconic properties drive valuable leisure and business tourism and deliver significant economic benefits, sustained job creation, financial opportunities for local businesses and community investment to help make its host regions ideal places to live, work and visit.

Sands' portfolio of properties includes Marina Bay Sands® in Singapore and The Venetian® Macao, The Londoner Macao®, The Parisian® Macao, The Plaza® Macao and Four Seasons® Hotel Macao, and Sands® Macao in Macao SAR, China, through majority ownership in Sands China Ltd.

Dedicated to being a leader in corporate responsibility, Sands is anchored by the core tenets of serving people, communities and the planet. The company's ESG leadership has led to inclusion on the Dow Jones Best-in-Class Indices for World and North America, as well as Fortune's list of the World's Most Admired Companies. To learn more, visit www.sands.com.

SOURCE Las Vegas Sands Corp.

Share this article

NEW YORK, Oct. 14, 2026 /PRNewswire/ -- TEN Holdings, Inc. ("XHLD" or the "Company") (Nasdaq: XHLD), the technology company behind TEN, a Digital Experience Platform for creating, producing, engaging, marketing and measuring digital experiences, today announced that the Company will be presenting at the LD Micro 20th Annual Main Event on October 21, 2026, at 11:00 AM PT at the Luxe Sunset Boulevard Hotel. TEN Holdings Chief Executive Officer, Virgilio Torres, will be presenting on behalf of the Company and meeting with investors throughout the conference.

"We are thrilled to present at the LD Micro's Annual Main Event," commented Virgilio Torres, CEO. "As TEN Holdings continues to expand its technology footprint and execute on strategic growth initiatives, this event offers a valuable opportunity to communicate directly with potential investors and discuss our strategic vision for the business."

TEN Holdings, Inc. Presentation Details

- Event: LD Micro 20th Annual Main Event

- Date: Wednesday, October 21, 2026

- Time: 11:00 AM PT

- Location: Luxe Sunset Boulevard Hotel, Track 3

Summary of LD Micro Main Event

The 20th Annual LD Micro Main Event will take place October 19th through 21st, 2026, at the Luxe Sunset Boulevard Hotel in Los Angeles. Registration will begin at 2:00 PM PT on Monday, October 19th, followed by keynote programming and an opening networking reception. Company presentations will run from 9:00 AM to 4:00 PM PT on Tuesday, October 20, and Wednesday, October 21. The conference will conclude on Wednesday evening with the LD Micro Moneyball Afterparty. This three-day event will feature over 100 public companies presenting to investors and participating in private one-on-one meetings.

About TEN Holdings, Inc.

TEN Holdings, Inc. (Nasdaq: XHLD), headquartered in New York is a technology company built around TEN, a Digital Experience Platform for creating, producing, engaging, marketing and measuring digital experiences, beginning with enterprise events, webinars and continuing education. TEN scales up to 50,000 concurrent attendees and is backed by more than a decade of experience producing mission-critical corporate broadcasts for Fortune 500 clients. The Company plans to expand TEN beyond events and webinars, including AI and automation, landing pages, integrations, engagement, reporting and analytics, and content studio. There can be no assurance as to the timing or availability of these capabilities. To learn more, visit www.tenholdingsinc.com.

About LD Micro

LD Micro aims to be the most crucial resource in the micro-cap world. Whether through its index, comprehensive market data, or hosting the premier micro-cap conference events annually, LD Micro's sole mission is to serve as an invaluable asset for all those interested in finding the next generation of great companies. To learn more about LD Micro, visit www.ldmicro.com.

To present or register, please contact: [email protected]

FORWARD-LOOKING STATEMENTS

Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including, but not limited to, risks regarding the Company's growth strategy, the development, availability and adoption of TEN and its planned expansion, including AI and automation, landing pages, integrations, engagement, reporting and analytics, and content studio capabilities, the Company's recurring-revenue strategy, potential acquisitions, and the uncertainties related to market conditions and other factors discussed in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the "SEC") and other filings with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and TEN Holdings, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

For more information, please contact:

Investor Relations Inquiries:

Skyline Corporate Communications Group, LLC

Scott Powell, President

1177 Avenue of the Americas, 5th Floor

New York, New York 10036

Office: (646) 893-5835

Email: [email protected]

SOURCE TEN Holdings, Inc.

Share this article

SAN FRANCISCO, Oct. 14, 2026 /PRNewswire/ -- Instacart (NASDAQ: CART) today announced it will report its third quarter 2026 financial results after market close on Thursday, November 5, 2026.

Instacart management will also host a conference call to discuss the company's results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on Thursday, November 5, 2026. To access a live webcast of the call, please visit Instacart's Investor Relations website at https://investors.instacart.com. After the call concludes, a replay will be made available on Instacart's Investor Relations website.

Instacart uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor Instacart's Investor Relations website, press releases, SEC filings, public conference calls, and public webcasts, in addition to following Instacart's blog at www.instacart.com/company/blog.

About Instacart

Instacart is a leading grocery technology company that partners with more than 2,200 retail banners – representing nearly 100,000 stores – to transform how people shop for the groceries they need from the retailers they trust, while creating flexible earning opportunities for shoppers. Through the Instacart Marketplace, Instacart Enterprise platform, and Instacart Ads ecosystem, the company powers ecommerce, fulfillment, in-store technology, AI offerings, and advertising for partners. For more information, visit www.instacart.com/company. Maplebear Inc. is the registered corporate name of Instacart.

SOURCE Maplebear Inc. dba Instacart

Share this article

BALTIMORE, Oct 14, 2026 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) today announced that it will release its second quarter fiscal 2027 financial results for the quarter ended September 30, 2026, on November 6, 2026, at 6:55 a.m. Eastern Time (ET).

Under Armour management will host a conference call at 8:30 a.m. ET that morning to discuss the company's results. The conference call will be webcast live and available for replay on Under Armour's Investor Relations website at https://about.underarmour.com/investor-relations/financials.

About Under Armour, Inc.

Under Armour, Inc., based in Baltimore, Maryland, is a global performance brand committed to empowering athletes everywhere. Since 1996, the company has advanced how athletes train, compete, and recover through innovative apparel, footwear, and accessories. In partnership with elite athletes and game changers, Under Armour is shaping the future of sport and inspiring those who strive for more. Learn more at https://about.underarmour.com.

SOURCE Under Armour, Inc.

Share this article

The forum featured educational sessions led by industry experts, networking opportunities with fellow board members, and a vendor showcase highlighting trusted service providers that support community associations throughout Minnesota. Attendees learned about emerging trends, shared best practices, and discussed solutions to challenges that board members are facing today.

A key highlight of the event was the opportunity for board members to engage directly with local vendor partners, gaining insight into products and services that can help support their communities and operational goals.

"One of the most valuable aspects of this forum was bringing board members and trusted service providers together in one place," said Broc Coen, President, FirstService Residential Minnesota. "Board members have significant responsibilities, and having the opportunity to meet vendors, ask questions, evaluate solutions, and build relationships firsthand helps them make informed decisions that best serve their communities."

Feedback from attendees reinforced the value of the event's educational and networking opportunities:

"The Board Forum provided a great opportunity to connect with other association leaders, hear from industry experts, and learn practical strategies we can bring back to our community. The combination of educational content, networking, and access to vendors made the event both informative and valuable."- Board Member Attendee

The event was created in response to growing demand for educational and networking opportunities tailored specifically to community association leaders. Throughout the evening, attendees connected with peers, gathered practical insights from industry professionals, and strengthened relationships with partners who support community success.

"Community association board members dedicate countless volunteered hours to supporting their neighborhoods," said Megan Kucz, Senior Director, Client Success & Operations, FirstService Residential. "Which is why we believe it's important to provide them with access to education, industry expertise, and resources that empower them to make confident, informed decisions on behalf of their residents. This forum reflects our ongoing commitment to supporting board members and the communities they serve."

The success of the first Board of Directors' Forum & Vendor Showcase was made possible through the support of participating vendor partners, presenters, volunteers, and FirstService Residential team members. Their contributions helped create a collaborative environment focused on education, engagement, and community leadership.

Building on the strong response from attendees, FirstService Residential Minnesota looks forward to continuing to provide educational opportunities, meaningful industry connections, and valuable resources for community association board members across the region.

Community association board members interested in learning more about FirstService Residential Minnesota's management services, educational programs, and resources can visit our website. 

About FirstService Residential

FirstService Residential is North America's largest manager of residential communities and the preferred partner of HOAs, community associations and strata corporations in the U.S. and Canada. FirstService Residential's managed communities include low-, mid- and high-rise condominiums and cooperatives, single-family homes, master-planned, lifestyle and active adult communities, and rental and commercial properties.

With an unmatched combination of deep industry experience, local market expertise and personalized attention, FirstService Residential delivers proven solutions and exceptional service that add value, enhance lifestyles and make a difference, every day, for every resident and community it manages. FirstService Residential is a subsidiary of FirstService Corporation, a North American leader in the property services sector. For more information, visit www.fsresidential.com.

SOURCE FirstService Residential

Share this article

THE ORGANIZATION WILL SUPPORT AFRICAN-LED PARTNERS TREATING AND PREVENTING OBSTETRIC FISTULA ACROSS FIVE COUNTRIES

BEND, Ore., Oct. 14, 2026 /PRNewswire/ -- Worldwide Fistula Fund and Terrewode Women's Fund have merged to form Maternal Dignity Project, a nonprofit supporting African-led organizations working to treat and prevent obstetric fistula.

Obstetric fistula is a childbirth injury that occurs when a woman in labor cannot get an emergency Cesarean section in time. An estimated 500,000 women are living with the injury worldwide. It is both preventable and treatable, yet many women live with it for years without ever being told that repair is possible.

The merged organization supports partners in Burkina Faso, Ethiopia, Kenya, Niger and Uganda, including ARENA Medical Center, founded by Dr. Itengre Ouedraogo as Burkina Faso's first dedicated fistula center; Let's End Fistula Initiative in Kenya, founded by survivor and advocate Sarah Omega; and TERREWODE in Uganda, known internationally for its work supporting women after surgery and building Uganda's only dedicated fistula hospital.

"Every woman with fistula today is living with something we already know how to prevent and repair," said Bonnie Ruder, executive director of Maternal Dignity Project. "That is the part I cannot accept. Our partners have spent years proving what works, often with too little funding and largely on their own. Together we can put more behind them and help them end fistula for good."

The two former organizations funded overlapping work for years and shared a commitment to supporting leaders working in their own communities.

Maternal Dignity Project plans to expand its prevention work. As more women give birth in health facilities, the causes of fistula are shifting, with a growing share of injuries linked to C-sections performed by providers who lack adequate training and resources. Several partners are currently researching this shift.

The expertise to end fistula already exists, and it sits with the clinicians, survivors, and support groups who have been doing this work for decades. Maternal Dignity Project was formed to back them until no woman anywhere experiences fistula.

About Maternal Dignity Project

Maternal Dignity Project is a U.S.-based nonprofit with deep, longstanding partnerships with African-led organizations preventing and treating obstetric fistula and related childbirth injuries.

Contact

Dori Valerio

[email protected] 

+1 (631) 334-5672

SOURCE Maternal Dignity Project

Share this article

- Phase III clinical study of VQW-765 in adults with social anxiety disorder did not meet its primary endpoint

- Consistent with prior studies, VQW-765 was safe and well tolerated

WASHINGTON, Oct. 14, 2026 /PRNewswire/ -- Vanda Pharmaceuticals Inc. (Vanda) (Nasdaq: VNDA) today provided an update on its clinical development program for VQW-765, a novel small molecule alpha 7 nicotinic acetylcholine receptor (α7-nAChR) partial agonist. Vanda's Phase III clinical study, VP-VQW-765-3201 (Study 3201), which evaluated VQW-765 for the on-demand treatment of acute anxiety in adults with social anxiety disorder, did not meet its primary endpoint.

Study 3201 (NCT07221578)1 was a multicenter, randomized, double-blind, placebo-controlled Phase III study conducted at approximately 30 clinical sites in the U.S. The study randomized 546 adults 18 to 65 years of age with a current diagnosis of social anxiety disorder and elevated baseline scores on the Liebowitz Social Anxiety Scale and Public Speaking Anxiety Scale. Participants received a single oral dose of VQW-765 or placebo in a 1:1 ratio and were then challenged with a psychosocial stress test, the standardized Trier Social Stress Test (TSST). The TSST induces acute stress by having participants prepare (anticipation phase) and then deliver (performance phase) an interview-style presentation to a panel that gives no feedback or encouragement.

The primary endpoint was the level of distress during the performance phase of the TSST in the female population, as measured by the Subjective Units of Distress Scale (SUDS), on which participants rate their nervousness or distress from 0 to 100, with higher scores indicating greater distress. Female participants who received VQW-765 did not show a statistically significant difference from those who received placebo. The study also did not meet the key secondary endpoint of SUDS during the performance phase of the TSST in the full (male and female) population.

Study 3201 was designed to confirm the findings of Vanda's earlier Phase II clinical study, VP-VQW-765-2201 (Study 2201), in which participants with a history of performance anxiety who received VQW-765 reported numerically lower stress levels during the TSST than those who received placebo. The Phase III results did not confirm those findings.

"We are disappointed that Study 3201 did not confirm the earlier Phase II findings2 for VQW-765 in patients with social anxiety disorder," said Mihael H. Polymeropoulos, M.D., President, CEO and Chairman of the Board of Vanda Pharmaceuticals. "We thank the participants, investigators and site staff who made this study possible."

Given these results, the VQW-765 program is on hold pending further analysis of the full dataset. 

About VQW-765

VQW-765 is a novel small molecule alpha 7 nicotinic acetylcholine receptor (α7-nAChR) partial agonist, with potential use for the treatment of psychiatric disorders. VQW-765 binds and enhances the activity of one type of nicotinic receptors composed of a pentameric assembly of the alpha 7 subtype. While nicotine can also bind this receptor, the binding affinity of VQW-765 is much higher than that of nicotine, making it a potent and specific molecule for the alpha 7 receptor. VQW-765, formerly known as AQW-051, was licensed to Vanda from Novartis.

About Performance Anxiety

Over 20% of the U.S. population is estimated to experience debilitating performance anxiety that ranges from public speaking to test taking, writer's block and musical performance. The most common type of performance anxiety is public speaking anxiety. People with performance anxiety report that the condition can hinder or even threaten their professional career of choice. Similarly, musicians report that performance anxiety makes them perform at levels below their capabilities. Currently, there is no FDA-approved drug treatment available for performance anxiety and general anti-anxiolytic drugs tend to be sedating, which is not preferred in a performance situation.

About Vanda Pharmaceuticals Inc.

Vanda is a leading global biopharmaceutical company focused on the development and commercialization of innovative therapies to address high unmet medical needs and improve the lives of patients. For more on Vanda Pharmaceuticals Inc., please visit www.vandapharma.com and follow us on X @vandapharma.

References

1. ClinicalTrials.gov NCT07221578.

2. He Y, Polymeropoulos CM, Mohrman MA, et al. Efficacy and safety of an alpha 7-nicotinic acetylcholine receptor agonist, VQW-765, in subjects with performance anxiety: randomised, double-blind, placebo-controlled trial. Br J Psychiatry. 2025;227(1):473-480. doi:10.1192/bjp.2025.84

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Various statements in this press release, including but not limited to statements regarding Vanda's clinical development plans for VQW-765; Vanda's clinical development plans for the rest of its late-stage pipeline and the estimated prevalence in the U.S. of performance anxiety are "forward-looking statements" under the securities laws. All statements other than statements of historical fact are statements that could be deemed forward-looking statements.Forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Vanda's forward-looking statements include, among others, the outcome of Vanda's analysis of the full dataset from Study 3201; and the accuracy of the estimates of the prevalence in the U.S. of performance anxiety. Therefore, no assurance can be given that the results or developments anticipated by Vanda will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, Vanda. Forward-looking statements in this press release should be evaluated together with the various risks and uncertainties that affect Vanda's business and market, particularly those identified in the "Cautionary Note Regarding Forward-Looking Statements", "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Vanda's most recent Annual Report on Form 10-K, as updated by Vanda's subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov.

All written and verbal forward-looking statements attributable to Vanda or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to herein. Vanda cautions investors not to rely too heavily on the forward-looking statements Vanda makes or that are made on its behalf. The information in this press release is provided only as of the date of this press release, and Vanda undertakes no obligation, and specifically declines any obligation, to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Corporate Contact:

Kevin Moran

Senior Vice President, Chief Financial Officer and Treasurer

Vanda Pharmaceuticals Inc.

202-734-3400

[email protected]

Jim Golden / Jack Kelleher / Dan Moore

Collected Strategies

[email protected]

Follow us on X @vandapharma

SOURCE Vanda Pharmaceuticals Inc.

Share this article

NOIDA, India, Oct. 14, 2026 /PRNewswire/ -- The "Dry Type Transformer Market – Growth, Share, Opportunities & Competitive Analysis, 2024–2032" report has been added to the Credence Research Inc. offering.

The global Dry Type Transformer Market was valued at USD 7,074.50 million in 2024 and is projected to reach USD 12,617.21 million by 2032, registering a CAGR of 7.50% during the assessment period. Investment in electrical distribution, commercial buildings, renewable integration and data centers is strengthening demand for oil-free transformer designs. Dry type units are gaining attention in indoor and safety-sensitive installations where operators prioritize fire performance, lower spill risk, maintenance access and predictable electrical losses.

Key Takeaways

- The global market is projected to expand from USD 7,074.5 million in 2024 to USD 12,617.21 million by 2032 at a CAGR of 7.5%.

- Asia Pacific leads with 34% of 2024 revenue, followed by North America at 28% and Europe at 25%.

- Cast resin transformers lead the product category with more than 52% share, according to the Credence Research assessment.

- Industrial electrification, urban buildings, rail systems and data centers support demand for fire-safe distribution equipment.

- Factory capacity investment and localized production are becoming important differentiators amid delivery lead times and customization requirements.

- Initial cost, thermal constraints and application-specific cooling needs remain key purchase considerations.

Scope & Segmentation – Dry Type Transformer Market

The report provides an in-depth analysis of the Dry Type Transformer Market, including market drivers, demand patterns, technology or product trends, competitive positioning and revenue forecasts through 2032. The study assesses commercial and operating factors affecting procurement, adoption and investment decisions.

The Dry Type Transformer Market is segmented across the following dimensions:

- By Core design, the report covers Closed core and Shell core.

- By Product, the report covers Open-wound dry type and Cast resin dry type.

- By Winding configuration, the report covers Two-winding and Autotransformer.

- By Geography, the report covers North America, Europe, Asia Pacific, Latin America and Middle East and Africa.

Access crucial information at unmatched prices!

Request a sample of the report and evaluate the market opportunity: View the Credence Research report

Why This Report Matters

- The report connects transformer purchasing to broader electrical infrastructure investment, including grid upgrades and higher-density power distribution.

- It helps manufacturers and buyers assess the trade-offs among fire safety, thermal performance, insulation technology, upfront cost and lifecycle maintenance.

- It highlights capacity investment and geographic sourcing decisions that can influence procurement lead times and service coverage.

Market Overview

Dry type transformers transfer electrical energy without using liquid insulation or cooling oil. Designs include cast resin and open-wound configurations selected according to voltage class, load profile, indoor space, environmental exposure and safety requirements. Buyers weigh electrical efficiency, temperature rise, fire performance, installation conditions and long-term maintenance when choosing equipment.

Electrification and the construction of power-intensive facilities are expanding the need for distribution capacity. Data centers, transport infrastructure, commercial complexes and industrial plants require reliable electrical equipment with predictable thermal behavior. Manufacturers are investing in winding technology, insulation materials, factory automation and digital monitoring to address these requirements.

Market Insights

- Asia Pacific's 34% share reflects industrial growth, urban construction and renewable-energy infrastructure investment.

- North America's 28% share is supported by electrical upgrades and large commercial and data center projects.

- Europe accounts for 25% of the market, with safety requirements and infrastructure renewal shaping demand.

- Cast resin technology leads the product category, while open-wound systems remain relevant where project specifications favor their performance and service characteristics.

Key Attributes

Segmentation

By Core design

Closed core • Shell core

By Product

Open-wound dry type • Cast resin dry type

By Winding configuration

Two-winding • Autotransformer

By Geography

North America • Europe • Asia Pacific • Latin America • Middle East and Africa

Market Drivers

Electrification expands distribution equipment needs

Electricity demand growth in manufacturing, transport, buildings and digital infrastructure is increasing transformer procurement. Dry type systems serve installations where oil containment, fire risk or indoor space are important constraints. Their role in medium-voltage distribution makes project pipelines in data centers and industrial campuses especially relevant.

Grid upgrades and energy projects support replacement demand

Utilities and industrial owners are modernizing substations and local distribution networks to handle new loads and renewable generation. Replacement programs encourage buyers to evaluate efficiency, monitoring and maintainability rather than first cost alone. Transformer suppliers with design and testing capacity can compete for higher-specification orders.

Market Trends and Opportunities

Capacity expansion and shorter regional supply chains offer competitive advantages when transformer delivery schedules influence project completion. Digital condition monitoring and better thermal management can also support premium products for mission-critical applications.

Growth in rail electrification, data centers and complex industrial facilities creates demand for application-engineered designs. Suppliers that support specification, testing, commissioning and after-sales service can differentiate beyond basic equipment pricing.

Regional Analysis

Asia Pacific

Asia Pacific held 34% of 2024 revenue, the largest regional share. Manufacturing investment, renewable integration and urban electrification support procurement in China, India and Japan. Local engineering and factory capacity remain important to project execution.

North America

North America accounted for 28% in 2024. Data center expansion, commercial retrofits and power infrastructure investment are strengthening demand for oil-free equipment, particularly where installations require stringent fire and safety performance.

Europe

Europe represented 25% in 2024. Grid modernization, rail applications and building efficiency standards support demand, while manufacturers are investing in regional dry type transformer capacity to improve responsiveness.

Latin America

Latin America held 7% in 2024. Industrial projects, mining facilities and grid upgrades create selective demand for durable distribution equipment and localized service.

Middle East and Africa

The combined region accounted for 6% in 2024. Commercial infrastructure, utilities and industrial development create opportunities, with high ambient temperatures making thermal engineering and application suitability important.

Market Challenges

Dry type designs may carry higher upfront costs than comparable liquid-filled equipment. Project teams must evaluate the total installed cost, including enclosure, ventilation, losses and maintenance. Product choice depends on site conditions rather than a universal preference for one technology.

Thermal management and overload capability can limit suitability for some demanding environments. Suppliers must document ratings, cooling arrangements, temperature rise and compliance with applicable standards. Capacity constraints and lead times may also influence procurement decisions.

Future Outlook

Infrastructure electrification should sustain demand for medium-voltage and application-engineered dry type transformers through 2032. Suppliers will continue investing in automation, insulation systems and testing capacity to improve throughput and product consistency.

Customers are expected to place greater emphasis on delivery reliability, lifecycle efficiency and technical support, especially in projects where power availability determines commissioning schedules.

Competitive Landscape

The market includes multinational electrical equipment groups and specialized transformer manufacturers. Hitachi Energy, Schneider Electric, Eaton, Fuji Electric, CG Power and regional suppliers compete across product ratings, engineering support and distribution networks. Hammond Power Solutions also participates in dry type transformer manufacturing and is expanding its broader electrical portfolio.

Product differentiation depends on electrical performance, fire safety, thermal design, factory testing and delivery schedules. Recent manufacturing investments highlight the importance of capacity and regional supply resilience. Vendor comparisons should consider application fit and installed lifecycle cost, not only nameplate capacity.

Key Player Analysis

- Hitachi Energy

- Schneider Electric

- Eaton

- Fuji Electric

- CG Power and Industrial Solutions

- Raychem RPG

- Bharat Heavy Electricals

- Hammond Power Solutions

- Kirloskar Electric

- Siemens Energy

Recent Industry Developments

- In January 2025, Hitachi Energy announced a 30 million-euro investment to expand its dry type transformer factory in Zaragoza, Spain, with a new facility planned for completion by the end of 2026.

- In April 2025, Hitachi Energy announced a $22.5 million investment to expand and modernize dry type transformer manufacturing in southwest Virginia, including a new 75,000-square-foot facility.

- In September 2026, Hammond Power Solutions announced plans for a manufacturing facility in Fort Worth, Texas, to expand capacity for standard and custom-engineered transformers, with phased production expected to begin in 2027.

NEW YORK, Oct. 14, 2026 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) plans to report its 3rd Quarter 2026 earnings on November 5, 2026 after the market closes.

Consolidated Edison, Inc. is a holding company that provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc. (CECONY), a regulated utility providing electric service in New York City and New York's Westchester County, gas service in Manhattan, the Bronx, parts of Queens and parts of Westchester, and steam service in Manhattan; Orange and Rockland Utilities, Inc. (O&R), a regulated utility serving customers in a 1,300-square-mile area in southeastern New York State and northern New Jersey; and Con Edison Transmission, Inc., a regulated company primarily under the oversight of the Federal Energy Regulatory Commission, that develops and owns interests in electric transmission projects.

SOURCE Consolidated Edison, Inc.

Share this article