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U.S. Transformer Market Size

  • Report ID: GMI5801
  • Published Date: May 2023
  • Report Format: PDF
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U.S. Transformer Market Size

U.S. Transformer Market size surpassed USD 10.3 billion in 2022 and is anticipated to expand at 7% from 2023 to 2032.

 

U.S. Transformer Market
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Rapid expenditure toward distribution networks including smart grids and smart meters to sustain and replace the aging infrastructure to maintain the quality of service. Smart grid development project undertaken across the region will push the industry growth. Numerous research programs are being initiated to develop advanced technologies for optimum grid operations. In addition, stringent norms and policies pertaining to the provision of cost-efficient uninterrupted electricity has been a key area for the regulators, which in turn will stimulate the business dynamics.

 

U.S. Transformer Market Report Attributes
Report Attribute Details
Base Year:2022
U.S. Transformer Market Size in 2022:USD 10.3 Billion
Forecast Period:2023 to 2032
Forecast Period 2023 to 2032 CAGR:7%
2032 Value Projection:USD 20.7 Billion
Historical Data for:2019 to 2022
No. of Pages:100
Tables, Charts & Figures:122
Segments covered:Core, Product, Winding, Cooling, Insulation, Rating, Mounting, Application and Region
Growth Drivers:
  • Refurbishment of existing grid networks
  • Rising electric infrastructure spending
Pitfalls & Challenges:
  • High initial cost
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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

  • U.S. Transformer Market Size
  • U.S. Transformer Market Trends
  • U.S. Transformer Market Analysis
  • U.S. Transformer Market Share

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