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North America Transformer Market Share

Report ID: GMI6941
Published Date: Oct 2023
Report Format: PDF

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North America Transformer Market Share

Siemens Energy commands a substantial share in the North America transformer industry, distinguished for its extensive experience in engineering and producing diverse transformer types, encompassing power transformers, distribution transformers, among others. With a rich history deeply rooted in the transmission and distribution sector, the company has delivered transformer solutions across a broad spectrum of applications, spanning commercial, industrial, and utility sectors.

Some of the key market players operating across the North America transformer industry are:

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
Kirloskar Electric Company

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

North America Transformer Industry size was USD 16.4 billion in 2023 and is projected to observe over 8.1% CAGR from 2024 to 2032.

The residential application is set to record over 9.4% CAGR from 2023 by 2032 as the business landscape is set to be shaped by rapid urbanization and government initiatives that promote the integration of renewable energy into residential areas.

The transformer market across the U.S. held a market share of over 64.7% in 2022 and will grow significantly through 2032 as the U.S. continues to invest in grid modernization efforts, aiming to upgrade and enhance the reliability and efficiency of its 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.