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North America Distribution Transformer Market Trends

Report ID: GMI6583
Published Date: Aug 2023
Report Format: PDF

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North America Distribution Transformer Market trends

The market is witnessing several significant trends. The growing focus on grid modernization and the integration of renewable energy sources is driving the adoption of advanced distribution transformers equipped with smart monitoring and communication capabilities. As utilities aim to enhance grid reliability and optimize operations, digital solutions and predictive maintenance technologies are gaining prominence. The transition towards electric vehicles (EVs) is also influencing the market, with increased demand for distribution transformers to support EV charging infrastructure.

Moreover, energy efficiency regulations and sustainability goals are prompting the replacement of aging transformers with more energy-efficient models. The rise of distributed energy resources, such as solar panels and energy storage systems, is reshaping power flow patterns, necessitating transformers that can handle bidirectional power flows. The convergence of these trends underscores the evolution of the market towards smarter, more efficient, and environmentally conscious solutions.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

North America distribution transformer industry size was USD 11.3 billion in 2023 and will reach over USD 25.2 billion by 2032, due to the escalating emphasis on revitalizing and enhancing aging power infrastructure.

North America two-winding distribution transformer industry share exceeded USD 5.7 billion in 2022 and may foresee over 9% CAGR from 2023-2032 owing to the emergence of cutting-edge transformer technologies.

U.S. distribution transformer market size may surpass USD 16.6 billion by 2032, owing to the rising integration of renewable energy sources into the power grid.

Hitachi Energy Ltd., Siemens, Toshiba Energy Systems & Solutions Corporation, ERMCO, General Electric, Elsewedy Electric, ABB, Schneider Electric, Mitsubishi Electric Corporation, and Eaton Corporation are some of the key distribution transformer firms in North America.