Home > Energy & Power > Electrical Equipment > Transformers > North America Power Transformer Market

North America Power Transformer Market Share

Report ID: GMI10680
Published Date: Aug 2024
Report Format: PDF

Download Free Sample

North America Power Transformer Market Share

Siemens Energy holds a significant share in the North America power transformer industry, driven by its advanced technology and comprehensive product portfolio. The company's focus on innovation and efficiency aligns with the region's increasing investments in modernizing power grid infrastructure, integrating renewable energy sources, and enhancing grid reliability and resilience, further solidifying its market position.

North America Power Transformer Market Companies

Major key players operating across the North America power transformer industry are:

ABB
CG Power & Industrial Solutions Ltd.
DAIHEN Corporation
General Electric
Hitachi Energy Ltd.
Hyosung Heavy Industries
Hammond Power Solutions
Hyundai Electric & Energy Systems Co., Ltd.
JSHP Transformer
Kirloskar Electric Company
Mitsubishi Electric Corporation
Siemens Energy
Schneider Electric
Toshiba Energy Systems & Solutions Corporation
WEG

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of North America power transformer was worth about USD 3.7 billion in 2023 and is anticipated to register 4.8% CAGR between 2024 and 2032, owing to increasing investments in power grid infrastructure and the integration of renewable energy sources.

North America power transformer industry share from the shell core segment will reach USD 2 billion by 2032, due to the rising demand for efficient and reliable power transmission solutions.

U.S. power transformer industry size is likely to reach USD 4 billion by 2032, due to urbanization and industrialization and the integration of renewable energy source.

ABB, CG Power & Industrial Solutions Ltd., DAIHEN Corporation, General Electric, Hitachi Energy Ltd., Hyosung Heavy Industries, Hammond Power Solutions, Hyundai Electric & Energy Systems Co., Ltd., and JSHP Transformer, among others.