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North America Power Transformer Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

North America Power Transformer Market Report By Type (Single-phase Transformer and Three-phase Transformer), By Cooling (Dry Type and Oil Immersed); By Insulation (Gas, Oil, Solid, Air, and Others), By Rating (< 100 MVA, 101 MVA to 500 MVA, 501 MVA to 800 MVA, and > 800 MVA); By Application (Residential, Commercial and Industrial), By Energy Source (Renewable Energy, Hydroelectric Energy, Nuclear Energy, Others; and By Country, Industry Dynamics, Market Size, Opportunity and Forecasts, 2022 - 2030

  • Published Date: 08-Sep-2022  |   Format: pdfpowerpointexcel  |  Report ID: AA0922295  | Delivery: 2 to 4 Hours


Report AttributeDetails
Market Size Value in 2021US$ 3,723.4 Million
Expected Revenue in 2030US$ 6,438.0 Million
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
Segments coveredBy Type, By Cooling, By Insulation, By Rating, By Application, By Energy Source
Key Companies                                                                                     General Electric Company, Triad Magnetics, Neeltran, Inc., Pacific Transformer Corp., Pico Electronics, MPS Industries, Inc., Lenco Electronics, Siemens AG, Schneider Electric SE, Hitachi, Ltd., Glen Magnetics, Inc., ABB Ltd., TBEA Co., Ltd., Other Prominent Players
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Single-phase Transformer and Three-phase Transformer are types of Power Transformers.

Different applications under these transformers include usage for residential, commercial, Industrial, and utility sectors.

Mainly these include low cost, lightweight, increased efficiency, easy installation, and assembling as major benefits. 

The rising demand by the government is due to increased global energy consumption leading to expanded production, distribution, and transmission facilities.

North America Power Transformers Market is projected to grow at a CAGR of 6.4% during the forecast period 2022-2030 and is expected to reach US$ 6,348 Million. 

Factor such as increasing electricity demand and Increasing adoption of three-phase power transformers drives the growth in the North America power transformers market over the forecast period.

The renewable energy segment holds the largest CAGR in the North America Power Transformers Market during the forecast period.

Power Transformers Programs are costly which inhibits the growth of the power transformers market during the forecast period.  

The US holds the major share in terms of revenue in the North America Power Transformers Market.

Growing demand for electricity provides a lucrative growth opportunity in the Power Transformers Market.

Type, Cooling, Insulation, Rating, Application, and Energy Source are the different segments in the global Power Transformers Market.

General Electric Company, Siemens AG, ABB, and TBEA Co. Ltd among others are the key players in the North America power transformers market.