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North America Transformer Market Share

Report ID: GMI6941
Published Date: Jul 2024
Report Format: PDF

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North America Transformer Market Share

North America Transformer Company Market Share Analysis, 2023

ABB holds a substantial share in the North America transformer industry, leveraging its expertise in delivering advanced electrical solutions. The company's innovative transformer technologies cater to diverse industrial and utility needs, enhancing efficiency and reliability. ABB's strong market presence is bolstered by its commitment to sustainability, digitalization, and meeting evolving energy demands across the region.

North America Transformer Market Companies

Major key players operating across the North America transformer industry are:

ARTECHE
Amran Inc
ABB
Continental Electric
CG Power & Industrial Solutions Ltd.
Celme S.r.l.
Elsewedy Electric
Eaton
General Electric
Hitachi Energy Ltd.
Hyosung Heavy Industries
Kirloskar Electric Company
Mitsubishi Electric Corporation
Ormazabal
Prolec GE
Pfiffner Group
Siemens Energy
Schneider Electric
Toshiba International Corporation
Trench Group
Xignux

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of North America transformer market was reached USD 16.3 billion in 2023 and is projected to observe over 8.1% CAGR from 2024 to 2032, driven by substantial investments in grid modernization projects, the increasing adoption of renewable energy sources, and ongoing expansions in industrial infrastructure.

North American transformer industry share from shell core segment is projected to surpass USD 11.8 billion by 2032, owing to advantages such as improved core quality, reduced core losses, and enhanced energy efficiency.

The U.S. market for transformer will cross USD 22 billion by 2032, on account of the investments in grid modernization efforts, aiming to upgrade and enhance the reliability and efficiency of the electrical grid.

General Electric, Siemens Energy, Mitsubishi Electric Corporation, ABB, Schneider Electric, Toshiba International Corporation, Elsewedy Electric, Eaton, CG Power & Industrial Solutions Ltd., IMEFY GROUP, Ormazabal, ARTECHE, Pfiffner Group, Trench Group, Amran Inc, Raychem RPG Private Limited, and Kirloskar Electric Company.