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U.S. Oil Filled Distribution Transformer Market Share

Report ID: GMI5067
Published Date: Jul 2023
Report Format: PDF

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U.S. Oil Filled Distribution Transformer Market Share

Some of the major companies operating across the U.S. oil filled distribution transformer market are

Hitachi ABB Power Grids
Siemens
General Electric
Toshiba Corporation
Hyosung Heavy Industries
ERMCO
Schneider Electric
Eaton

These players focus on mergers and strategic partnerships for market expansion. Furthermore, these players are increasingly investing in research & development activities, which enable them to introduce innovative services and garner maximum revenue in the market.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size for oil filled distribution transformer in U.S. reached USD 4.8 billion in 2023 and is set to expand at a CAGR of 7.4% through 2032, owing to the growing adoption of renewable energy sources.

The shell core segment accounted for a majority market value of over USD 1.5 billion in 2022. The push for energy efficiency and sustainability has led to a growing demand for energy-efficient shell core distribution transformers.

The utility segment held a market share of over 45% in 2022 as utility-scale oil-filled distribution transformers play a critical role in integrating renewable energy sources, such as solar and wind power, into the grid.

Hitachi ABB Power Grids, Siemens, General Electric, Toshiba Corporation, Hyosung Heavy Industries, ERMCO, Schneider Electric, and Eaton.