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U.S. Transformer Market Trends

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

The United States transformer market is principally determined by the revamping of the existing grid infrastructure and modernization. The U.S. Department of Energy defines the electrical grid to comprise an ecosystem of manufacturers, asset owners, federal, state, and local government entities, and service providers. The Office of Electricity Delivery & Energy Reliability (OE) has been working with private and public partners to strengthen, improve, and transform their energy infrastructure to ensure access to secure, clean, and reliable energy resources. Factors, for instance, expanding energy demands from businesses and redesigning old transmission and circulation frameworks are possible going to drive the business growth.

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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    Premium Report Details

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