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North America Oil Filled Transformer Market Share

Report ID: GMI5058
Published Date: Jun 2023
Report Format: PDF

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North America Oil Filled Transformer Market Share

Major players operating across the North America oil filled transformer business landscape include :

Fuji Electric Co.
Ltd, Siemens Energy
Toshiba International Corporation
General Electric, Elsewedy Electric
Eaton
Ormazabal
Kitashiba Electric co., ltd
Hyosung Heavy Industries
Schneider Electric
CG Power & Industrial Solutions Ltd.
Celme S.r.l.
LS ELECTRIC Co., Ltd
Lemi Trafo Transformers
Northern Transformer
WEG
MGM Transformer Company.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of oil-filled transformer valuation in North America crossed USD 10.2 billion in 2023 and will register 7.1% CAGR during 2024 to 2032, propelled by the rising demand for electricity across various sectors, including residential, commercial, and industrial.

Distribution transformer segment captured industry share of 68% in 2022 and will generate USD 14 billion by 2032, owing to widespread integration of renewable energy sources, such as solar and wind, into the power grid that requires the expansion & upgrade of distribution infrastructure.

The U.S. oil filled transformer sector is anticipated to witness 6.5% growth through 2032, backed by the ongoing refurbishment of existing grid infrastructure, along with rising demand for reliable supply energy across the country.

Fuji Electric Co., Ltd, Siemens Energy, Toshiba International Corporation, General Electric, Elsewedy Electric, LS ELECTRIC Co., Ltd, Lemi Trafo Transformers, Northern Transformer, WEG, and MGM Transformer Company among others.