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U.S. Transformer Market Share

Report ID: GMI5801
Published Date: Jun 2024
Report Format: PDF

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U.S. Transformer Market Share

ABB, Siemens, and General Electric dominate the U.S. market for transformer due to their extensive experience, broad product portfolios, and strong brand reputations. These companies have established robust research and development capabilities, enabling them to innovate and meet diverse customer needs. Their comprehensive service networks ensure reliable maintenance and support, enhancing customer trust. Additionally, their global reach and economies of scale allow for competitive pricing and efficient production. Strategic partnerships and acquisitions further bolster their market positions, enabling them to offer integrated solutions across various industries, ensuring sustained leadership in the transformer market.

U.S. Transformer Market Companies

ABB
Daelim Belefic
Eaton Corporation PLC
Emerson Electric Co
General Electric
Hitachi, Ltd
JSHP Transformer
MGM Transformer Company
Mitsubishi Electric Corporation
Olsun Electrics Corporation
Panasonic Corporation
Prolec-GE Waukesha Inc.
Schneider Electric
Siemens
Toshiba

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of U.S. transformer was reached USD 11.2 billion in 2023 and is anticipated to register 7.8% CAGR between 2024 to 2032, owing to the increasing investments in the modernization of the aging power infrastructure, the rise in renewable energy projects, and the expanding industrial sector.

U.S. transformer industry from the shell segment is poised to hit USD 4 billion by 2032, on account of their superior efficiency and reliability compared to open-core designs.

U.S. transformer market from the distribution transformer segment is poised to witness 7.6% CAGR through 2032, owing to the rising demand for efficient power distribution systems and the ongoing expansion of electrical grid infrastructure.

ABB, Daelim Belefic, Eaton Corporation PLC, Emerson Electric Co, General Electric, Hitachi, Ltd, JSHP Transformer, MGM Transformer Company, Mitsubishi Electric Corporation, and Olsun Electrics Corporation, among others.