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North America Transformer Market Share

Report ID: GMI6941
Published Date: Nov 2024
Report Format: PDF

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North America Transformer Market Share

North America Transformer Market Company Share Analysis, 2024

ABB is a significant player in the market, providing a comprehensive selection of electrical equipment, from standard to customized solutions. Known for its robust presence in the electrical industry, ABB consistently offers specialized bushing solutions tailored to diverse application needs.

North America Transformer Market Companies

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

ABB
Arteche
Celme
CG Power and Industrial Solutions
Daihen
Eaton
Elsewedy Electric
General Electric
Hyosung Heavy Industries
Kirloskar Electric Company
Imefy Group
Mitsubishi Electric
Ormazabal
Pfiffner Group
Schneider Electric
Siemens Energy
Toshiba International
Trench Group

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The North American transformer market was valued at USD 17.8 billion in 2024 and is projected to grow at a 7.8% CAGR from 2025 to 2034, driven by the need to upgrade aging transformers.

The shell core segment is expected to exceed USD 13.1 billion by 2034, owing to their robust construction and high short-circuit resistance, making them ideal for reliability-focused environments.

U.S. transformer industry is projected to surpass USD 24.7 billion by 2034, driven by significant investments to modernize and expand the aging power grid infrastructure.

Key players in the industry include ABB, Arteche, Celme, CG Power and Industrial Solutions, Daihen, Eaton, Elsewedy Electric, General Electric, Hyosung Heavy Industries, Kirloskar Electric Company, Imefy Group, Mitsubishi Electric, and Ormazabal.