Tag: electrical distribution

GUELPH, Ontario, May 29, 2026 (GLOBE NEWSWIRE) -- (TSX: HPS.A) The Board of Directors of Hammond Power Solutions Inc. (“HPS”) declared a quarterly cash dividend of twenty-seven and a half cents ($0.275) per Class A Subordinate Voting Share of HPS and a quarterly cash dividend of twenty-seven and a half cents ($0.275) per Class B Common Share of HPS payable on June 17, 2026, to shareholders of record at the close of business on June 10, 2026. The ex-dividend date is June 10, 2026.

(Dollar amounts are in thousands, in Canadian currency unless otherwise specified)

The dry transformer insulation market is expected to grow from USD 0.93 billion in 2025 to USD 1.21 billion by 2030, demonstrating a CAGR of 5.5%. Key drivers include increased demand for reliable electrical distribution in commercial and residential sectors, urbanization, and infrastructure expansion. Dry transformer insulation solutions are preferred for their low maintenance and eco-friendly attributes, aligning with global energy efficiency and sustainability goals. The Asia Pacific leads the market, fueled by advancements in infrastructure and power initiatives, notably in China and India. However, high coating costs and thermal limitations pose challenges. Top manufacturers like 3M, DuPont, and PPG Industries are pivotal in the market's competitive landscape.