Market Overview
The America transformers market is expected to grow at a CAGR of 5.25% over the forecast duration of 2023-2030. The America transformers market was valued at USD 10,925.6 million in 2022 and is expected to reach USD 16,130.6 million by 2030. A transformer is a device used to convert and distribute power from one power grid to another power circuit. It can be referred to as a passive component or a static electric machine. Since transformers are the only devices able to maintain a constant power distribution frequency and minimize oscillations across the circuit, they can also be considered the most important or crucial component of the power distribution ecosystem.
The America transformers market is expected to be driven by the increasing energy demands from industries and upgrading old transmission and distribution systems and rapid adoption of smart grid technology. Transformers are the only equipment that reliably supplies energy to both utilities. Industries demand different voltages, which is incompatible.
However, a major factor restraining market growth for transformers is the instability in raw material prices. The raw materials that the transformer sector requires, such as copper, aluminum, steel, and oil, might have erratic pricing because of market volatility, supply and demand imbalances, and geopolitical tensions.
Market Segmentation
Based on type the America transformers market has been categorized into dry-type transformers, and oil-filled transformers. Dry-type transformers are further bifurcated into cast resin dry type transformer (CRT), vacuum pressure-impregnated transformer (VPI), vacuum pressure encapsulated (VPE) transformers, and others.
Based on power rating the America transformers market has been categorized into <500 kVA, 500 kVA - 2500 kVA, 2500 kVA - 10000 kVA, and >10000 kVA. Based on phase the America transformers market has been categorized into single phase, and three phase. Based on voltage the America transformers market has been categorized into Low, Medium, and High.
Based on mounting the America transformers market has been categorized into Pad, Pole, and Others. Based on End-Use Industries the America transformers market has been categorized into Industrial, Residential, Utility, and Others. Based on the region, the America transformers Market has been segmented into US, Canada, Mexico, Central America, and Rest of America.
Major Players
Eaton, Fuji Electric Co., Ltd, GE, Hammond Power Solution, and Hitachi, Ltd. are some of the key players operating in the America market.
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
- 1.1 MARKET ATTRACTIVENESS ANALYSIS
- 1.2 AMERICA TRANSFORMERS MARKET, BY TYPE
- 1.3 AMERICA TRANSFORMERS MARKET, BY POWER RATING
- 1.4 AMERICA TRANSFORMERS MARKET, BY PHASE
- 1.5 AMERICA TRANSFORMERS MARKET, BY VOLTAGE
- 1.6 AMERICA TRANSFORMERS MARKET, BY MOUNTING
- 1.7 AMERICA TRANSFORMERS MARKET, BY END-USE INDUSTRY
- 1.8 AMERICA TRANSFORMERS MARKET, BY COUNTRY
2 MARKET INTRODUCTION
- 2.1 DEFINITION
- 2.2 SCOPE OF THE STUDY
- 2.3 RESEARCH OBJECTIVE
- 2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
- 3.1 RESEARCH PROCESS
- 3.2 PRIMARY RESEARCH
- 3.3 SECONDARY RESEARCH
- 3.4 MARKET SIZE ESTIMATION
- 3.5 TOP-DOWN & BOTTOM-UP APPROACH
- 3.6 FORECAST MODEL
- 3.7 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
- 4.1 OVERVIEW
- 4.2 DRIVERS
- 4.2.1 INCREASING ENERGY DEMANDS FROM INDUSTRIES AND UPGRADING OLD TRANSMISSION AND
DISTRIBUTION SYSTEMS 34
- 4.2.2 RAPID ADOPTION OF SMART GRID TECHNOLOGY
- 4.3 RESTRAINTS
- 4.3.1 INSTABILITY IN RAW MATERIAL PRICES
- 4.4 OPPORTUNITIES
- 4.4.1 ESCALATING POPULATION AND ELECTRICITY DEMAND
- 4.5 CHALLENGES
- 4.5.1 RISK ASSOCIATED WITH DC VOLTAGE
5 MARKET FACTOR ANALYSIS
- 5.1 SUPPLY CHAIN ANALYSIS
- 5.1.1 RAW MATERIALS
- 5.1.2 MANUFACTURERS
- 5.1.3 DISTRIBUTION AND SALES CHANNEL
- 5.1.4 END USERS
- 5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
- 5.3 IMPACT OF COVID-19 ON THE AMERICA TRANSFORMERS MARKET
6 AMERICA TRANSFORMER MARKET, BY TYPE
- 6.1 OVERVIEW
- 6.1.1 AMERICA TRANSFORMER: MARKET ESTIMATES & FORECAST BY TYPE, 2019-2030
- 6.2 DRY-TYPE TRANSFORMERS
- 6.2.1 CAST RESIN DRY TYPE TRANSFORMER (CRT)
- 6.2.2 VACUUM PRESSURE IMPREGNATED TRANSFORMER (VPI)
- 6.2.3 VACUUM PRESSURE ENCAPSULATED (VPE) TRANSFORMERS
- 6.2.4 OTHERS
- 6.3 OIL-FILLED TRANSFORMER
7 AMERICA TRANSFORMER MARKET, BY POWER RATING
- 7.1 OVERVIEW
- 7.1.1 AMERICA TRANSFORMER: MARKET ESTIMATES & FORECAST BY POWER RATING, 2019-2030
- 7.2 <500 KVA
- 7.3 500 KVA - 2500 KVA
- 7.4 2500 KVA - 10000 KVA
- 7.5 >10000 KVA
8 AMERICA TRANSFORMER MARKET, BY PHASE
- 8.1 OVERVIEW
- 8.1.1 AMERICA TRANSFORMER: MARKET ESTIMATES & FORECAST BY PHASE, 2019-2030
- 8.2 SINGLE PHASE
- 8.3 THREE PHASE
9 AMERICA TRANSFORMER MARKET, BY VOLTAGE
- 9.1 OVERVIEW
- 9.1.1 AMERICA TRANSFORMER: MARKET ESTIMATES & FORECAST BY VOLTAGE, 2019-2030
- 9.2 LOW
- 9.3 MEDIUM
- 9.4 HIGH
10 AMERICA TRANSFORMER MARKET, BY MOUNTING
- 10.1 OVERVIEW
- 10.1.1 AMERICA TRANSFORMER: MARKET ESTIMATES & FORECAST BY MOUNTING, 2019-2030
- 10.2 PAD
- 10.3 POLE
- 10.4 OTHERS
11 AMERICA TRANSFORMER MARKET, BY END-USE INDUSTRY
- 11.1 OVERVIEW
- 11.1.1 TRANSFORMER: MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2019-2030
- 11.2 INDUSTRIAL
- 11.3 RESIDENTIAL & COMMERCIAL
- 11.4 UTILITY
12 AMERICA TRANSFORMER MARKET, BY COUNTRY
- 12.1 OVERVIEW
- 12.2 US
- 12.3 CANADA
- 12.4 MEXICO
- 12.5 CENTRAL AMERICA
- 12.6 REST OF AMERICA
13 COMPETITIVE LANDSCAPE
- 13.1 MARKET INTRODUCTION
- 13.2 RECENT DEVELOPMENTS
- 13.2.1 PARTNERSHIP/COLLBORATION/AGREEMENT
- 13.2.2 EXPANSION
- 13.2.3 PRODUCT DEVELOPMENT
- 13.2.4 ACQUISITION/MERGER
- 13.3 AMERICA MARKET STRATEGY ANALYSIS
- 13.4 MARKET SHARE ANALYSIS
- 13.5 COMPETITIVE BENCHMARKING
14 COMPANY PROFILES
- 14.1 EATON
- 14.1.1 COMPANY OVERVIEW
- 14.1.2 FINANCIAL OVERVIEW
- 14.1.3 PRODUCTS OFFERED
- 14.1.4 KEY DEVELOPMENTS
- 14.1.5 SWOT ANALYSIS
- 14.1.6 KEY STRATEGIES
- 14.2 FUJI ELECTRIC CO., LTD.
- 14.2.1 COMPANY OVERVIEW
- 14.2.2 FINANCIAL OVERVIEW
- 14.2.3 PRODUCTS OFFERED
- 14.2.4 KEY DEVELOPMENTS
- 14.2.5 SWOT ANALYSIS
- 14.2.6 KEY STRATEGIES
- 14.3 GENERAL ELECTRIC (GE)
- 14.3.1 COMPANY OVERVIEW
- 14.3.2 FINANCIAL OVERVIEW
- 14.3.3 PRODUCTS OFFERED
- 14.3.4 KEY DEVELOPMENTS
- 14.3.5 SWOT ANALYSIS
- 14.3.6 KEY STRATEGIES
- 14.4 HAMMOND POWER SOLUTION
- 14.4.1 COMPANY OVERVIEW
- 14.4.2 FINANCIAL OVERVIEW
- 14.4.3 PRODUCTS OFFERED
- 14.4.4 KEY DEVELOPMENTS
- 14.4.5 SWOT ANALYSIS
- 14.4.6 KEY STRATEGIES
- 14.5 HITACHI, LTD.
- 14.5.1 COMPANY OVERVIEW
- 14.5.2 FINANCIAL OVERVIEW
- 14.5.3 PRODUCTS OFFERED
- 14.5.4 KEY DEVELOPMENTS
- 14.5.5 SWOT ANALYSIS
- 14.5.6 KEY STRATEGIES
- 14.6 KIRLOSKAR ELECTRIC COMPANY
- 14.6.1 COMPANY OVERVIEW
- 14.6.2 FINANCIAL OVERVIEW
- 14.6.3 PRODUCTS OFFERED
- 14.6.4 KEY DEVELOPMENTS
- 14.6.5 SWOT ANALYSIS
- 14.6.6 KEY STRATEGIES
- 14.7 SCHNEIDER ELECTRIC
- 14.7.1 COMPANY OVERVIEW
- 14.7.2 FINANCIAL OVERVIEW
- 14.7.3 PRODUCTS OFFERED
- 14.7.4 KEY DEVELOPMENTS
- 14.7.5 SWOT ANALYSIS
- 14.7.6 KEY STRATEGIES
- 14.8 SIEMENS ENERGY
- 14.8.1 COMPANY OVERVIEW
- 14.8.2 FINANCIAL OVERVIEW
- 14.8.3 PRODUCTS OFFERED
- 14.8.4 KEY DEVELOPMENTS
- 14.8.5 SWOT ANALYSIS
- 14.8.6 KEY STRATEGIES
- 14.9 WEG
- 14.9.1 COMPANY OVERVIEW
- 14.9.2 FINANCIAL OVERVIEW
- 14.9.3 PRODUCTS OFFERED
- 14.9.4 KEY DEVELOPMENTS
- 14.9.5 SWOT ANALYSIS
- 14.9.6 KEY STRATEGIES
- 14.10 ABB
- 14.10.1 COMPANY OVERVIEW
- 14.10.2 FINANCIAL OVERVIEW
- 14.10.3 PRODUCTS OFFERED
- 14.10.4 KEY DEVELOPMENTS
- 14.10.5 SWOT ANALYSIS
- 14.10.6 KEY STRATEGIES
15 APPENDIX
- 15.1 REFERENCES
- 15.2 RELATED REPORTS