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U.S. Transformer Market Share

  • Report ID: GMI5801
  • Published Date: May 2023
  • Report Format: PDF

U.S. Transformer Market Share

Strategic partnerships and collaborations among major players will fuel the transformers industry growth across the U.S. The major market players are focusing on energy efficiency, smart grid, industrialization, and expansion of the transmission & distribution facilities with new product innovations and acquisitions has amplified the demand for transformers.
 

Leading market players across the U.S. transformer market include

  • Siemens
  • ABB
  • General Electric
  • Schneider Electric
  • Mitsubishi Electric Corporation
  • Panasonic Corporation
  • Hitachi, Ltd
  • Emerson Electric Co.
  • Eaton Corporation PLC
  • Toshiba
  • Olsun Electrics Corporation
  • Daelim Belefic
  • MGM Transformer Company
  • Prolec-GE Waukesha, Inc.
  • JSHP Transformer
Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of U.S. transformer exceeded USD 10 billion in 2022 and will record a 7% CAGR during 2023 to 2032, with significant expenditure on transmission & distribution networks to sustain & replace the aging infrastructure.

The auto winding transformer segment is poised to capture a prominent industry share in the United States by 2032, as a result of their improved productivity, less copper requirement, modest size, and cost-effectiveness.

U.S. transformer industry size from the closed core segment is anticipated to expand at 6% growth rate from 2023-2032, owing to its renewable integration capacity along with efficient operational life expectancy.

U.S. pole-mounted transformer sector will expand steadily over 2023-2032, on account of the ability of equipment to cater to the long-route electrical supply, along with deployment of modern power distribution networks.

Major companies operating in the U.S. transformer industry are Siemens, ABB, General Electric, Schneider Electric, Mitsubishi Electric Corporation, Panasonic Corporation, Hitachi, Ltd, Emerson Electric Co., Eaton Corporation PLC., among others.

U.S. Transformer Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 122
  • Countries covered: 1
  • Pages: 100
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