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North America High Voltage Power Transformer Market Share

Report ID: GMI7096
Published Date: Oct 2023
Report Format: PDF

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North America High Voltage Power Transformer Market Share

General Electric commands a substantial share in the North America high voltage power transformer industry, distinguished for its extensive experience in engineering and producing diverse waste heat recovery technologies, encompassing SRC, ORC, among others. With a rich history deeply rooted in the sustainable technologies sector, the company has delivered ORC solutions across a broad spectrum of applications, spanning oil & gas, waste to energy, and geothermal sectors.

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

Hitachi Energy Ltd.
ABB
General Electric
Toshiba Energy Systems & Solutions Corporation
Hyosung Heavy Industries
HD HYUNDAI ELECTRIC CO., LTD.
WEG
CG Power & Industrial Solutions Ltd.
Kirloskar Electric Company
DAIHEN Corporation
Siemens Energy
JSHP Transformer
LS ELECTRIC Co., Ltd.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of North America high voltage power transformer was exceeded USD 3.9 billion in 2023 and is anticipated to witness 6.4% CAGR from 2024 to 2032, driven by the ongoing modernization and refurbishment of the existing grid infrastructure.

North America high voltage power transformer market from the utility application segment is estimated to expand at over 5.5% CAGR from 2023 to 2032, owing to the growing uptake of renewable energy sources, including solar and wind power.

U.S. high voltage power transformer industry held more than 71.8% revenue share in 2022 and is expected to expand at notable CAGR from 2023 to 2032, owing to the increasing focus on grid modernization initiatives to enhance the resilience and efficiency of the power grids.

Some of the major high voltage power transformer companies in North America are Hitachi Energy Ltd., ABB, Toshiba Energy Systems & Solutions Corporation, Hyosung Heavy Industries, HD HYUNDAI ELECTRIC CO., LTD., Kirloskar Electric Company, Siemens Energy, and LS ELECTRIC Co., Ltd.