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North America Flexible Transformers Market Size, Share & Trends Analysis Report By Type, By Voltage Level (Medium Voltage, Low Voltage, and High Voltage), By Power Rating, By Technology, By Application, By End User, By Country and Growth Forecast, 2024 - 2031

Published Date : 05-Dec-2024

Pages: 157

Formats: PDF

The North America Flexible Transformers Market would witness market growth of 16.1% CAGR during the forecast period (2024-2031).

The US market dominated the North America Flexible Transformers Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,181 million by 2031. The Canada market is experiencing a CAGR of 18.6% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 17.6% during (2024 - 2031).

North America Flexible Transformers Market

This market is experiencing significant growth as industries demand more versatile, efficient, and compact energy solutions. Traditional rigid transformers have long been the backbone of electrical power distribution and grid systems. Still, the rapidly evolving landscape of renewable energy, electric vehicles, IoT systems, and portable electronics has driven the demand for flexible and efficient transformers.

These transformers find applications across various industries, including renewable energy, transportation, telecommunications, consumer electronics, healthcare, etc. They are increasingly being used in solar and wind energy systems. Their lightweight and compact nature allows them to be integrated into flexible solar panels or wind turbine blades, which can be deployed in various environments, including remote areas and those with limited space.

The growing focus on renewable energy and the rising demand for power generation in Mexico and the United States significantly influence various sectors, including this market. As countries aim to meet their energy demands sustainably, innovations in power infrastructure, such as flexible transformers, are becoming increasingly essential. Mexico’s ambitious goal to generate 35% of its electricity from clean energy sources by 2024 highlights its growing focus on renewable energy development. The rising power generation in the U.S. is accompanied by an increasing need for grid infrastructure to handle the growing demand and the integration of renewable energy sources. These transformers are essential for this purpose, as they offer the flexibility to manage power flow and voltage fluctuations characteristic of renewable energy sources. Thus, the rising renewable energy sector in Mexico and the increasing power generation capacity in the U.S. are key factors driving the demand for these transformers.

Free Valuable Insights: The Flexible Transformers Market is Predict to reach USD 20.1 Billion by 2031, at a CAGR of 16.8%

Based on Type, the market is segmented into Solid-State Flexible Transformers, Modular Transformers, and Bi-Directional Transformers. Based on Voltage Level, the market is segmented into Medium Voltage, Low Voltage, and High Voltage. Based on Power Rating, the market is segmented into Medium-Scale (10 to 250 kVA), Large-Scale (above 250 kVA), and Small-Scale (up to 10 kVA). Based on Technology, the market is segmented into Solid-State Electronics, Magnetic Core Material Innovations, and Digital Monitoring and Control. Based on Application, the market is segmented into Renewable Energy Integration, Electric Vehicle (EV) Charging Stations, Smart Grids, Industrial and Commercial Facilities, and Other Application. Based on End User, the market is segmented into Utility Companies, Industrial Sector, Commercial Sector, Residential Sector, and Other End User. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • Schneider Electric SE
  • Siemens AG
  • General Electric Company
  • Eaton Corporation plc
  • ABB Group
  • Hitachi, Ltd.
  • Toshiba Corporation
  • Mitsubishi Electric Corporation
  • Vertiv Holdings Co.
  • Bharat Heavy Electricals Ltd.

North America Flexible Transformers Market Report Segmentation

By Type

  • Solid-State Flexible Transformers
  • Modular Transformers
  • Bi-Directional Transformers

By Voltage Level

  • Medium Voltage
  • Low Voltage
  • High Voltage

By Power Rating

  • Medium-Scale (10 to 250 kVA)
  • Large-Scale (above 250 kVA)
  • Small-Scale (up to 10 kVA)

By Technology

  • Solid-State Electronics
  • Magnetic Core Material Innovations
  • Digital Monitoring and Control

By Application

  • Renewable Energy Integration
  • Electric Vehicle (EV) Charging Stations
  • Smart Grids
  • Industrial and Commercial Facilities
  • Other Application

By End User

  • Utility Companies
  • Industrial Sector
  • Commercial Sector
  • Residential Sector
  • Other End User

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Flexible Transformers Market, by Type
1.4.2 North America Flexible Transformers Market, by Voltage Level
1.4.3 North America Flexible Transformers Market, by Power Rating
1.4.4 North America Flexible Transformers Market, by Technology
1.4.5 North America Flexible Transformers Market, by Application
1.4.6 North America Flexible Transformers Market, by End User
1.4.7 North America Flexible Transformers Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis – Global
4.1 Market Share Analysis, 2023
4.2 Porter Five Forces Analysis

Chapter 5. North America Flexible Transformers Market by Type
5.1 North America Solid-State Flexible Transformers Market by Country
5.2 North America Modular Transformers Market by Country
5.3 North America Bi-Directional Transformers Market by Country

Chapter 6. North America Flexible Transformers Market by Voltage Level
6.1 North America Medium Voltage Market by Country
6.2 North America Low Voltage Market by Country
6.3 North America High Voltage Market by Country

Chapter 7. North America Flexible Transformers Market by Power Rating
7.1 North America Medium-Scale (10 to 250 kVA) Market by Country
7.2 North America Large-Scale (above 250 kVA) Market by Country
7.3 North America Small-Scale (up to 10 kVA) Market by Country

Chapter 8. North America Flexible Transformers Market by Technology
8.1 North America Solid-State Electronics Market by Country
8.2 North America Magnetic Core Material Innovations Market by Country
8.3 North America Digital Monitoring and Control Market by Country

Chapter 9. North America Flexible Transformers Market by Application
9.1 North America Renewable Energy Integration Market by Country
9.2 North America Electric Vehicle (EV) Charging Stations Market by Country
9.3 North America Smart Grids Market by Country
9.4 North America Industrial and Commercial Facilities Market by Country
9.5 North America Other Application Market by Country

Chapter 10. North America Flexible Transformers Market by End User
10.1 North America Utility Companies Market by Country
10.2 North America Industrial Sector Market by Country
10.3 North America Commercial Sector Market by Country
10.4 North America Residential Sector Market by Country
10.5 North America Other End User Market by Country

Chapter 11. North America Flexible Transformers Market by Country
11.1 US Flexible Transformers Market
11.1.1 US Flexible Transformers Market by Type
11.1.2 US Flexible Transformers Market by Voltage Level
11.1.3 US Flexible Transformers Market by Power Rating
11.1.4 US Flexible Transformers Market by Technology
11.1.5 US Flexible Transformers Market by Application
11.1.6 US Flexible Transformers Market by End User
11.2 Canada Flexible Transformers Market
11.2.1 Canada Flexible Transformers Market by Type
11.2.2 Canada Flexible Transformers Market by Voltage Level
11.2.3 Canada Flexible Transformers Market by Power Rating
11.2.4 Canada Flexible Transformers Market by Technology
11.2.5 Canada Flexible Transformers Market by Application
11.2.6 Canada Flexible Transformers Market by End User
11.3 Mexico Flexible Transformers Market
11.3.1 Mexico Flexible Transformers Market by Type
11.3.2 Mexico Flexible Transformers Market by Voltage Level
11.3.3 Mexico Flexible Transformers Market by Power Rating
11.3.4 Mexico Flexible Transformers Market by Technology
11.3.5 Mexico Flexible Transformers Market by Application
11.3.6 Mexico Flexible Transformers Market by End User
11.4 Rest of North America Flexible Transformers Market
11.4.1 Rest of North America Flexible Transformers Market by Type
11.4.2 Rest of North America Flexible Transformers Market by Voltage Level
11.4.3 Rest of North America Flexible Transformers Market by Power Rating
11.4.4 Rest of North America Flexible Transformers Market by Technology
11.4.5 Rest of North America Flexible Transformers Market by Application
11.4.6 Rest of North America Flexible Transformers Market by End User

Chapter 12. Company Profiles
12.1 Schneider Electric SE
12.1.1 Company Overview
12.1.2 Financial Analysis
12.1.3 Segmental and Regional Analysis
12.1.4 Research & Development Expense
12.1.5 SWOT Analysis
12.2 Siemens AG
12.2.1 Company Overview
12.2.2 Financial Analysis
12.2.3 Segmental and Regional Analysis
12.2.4 Research & Development Expense
12.2.5 SWOT Analysis
12.3 General Electric Company
12.3.1 Company Overview
12.3.2 Financial Analysis
12.3.3 Segmental and Regional Analysis
12.3.4 Research & Development Expense
12.3.5 SWOT Analysis
12.4 Eaton Corporation PLC
12.4.1 Company Overview
12.4.2 Financial Analysis
12.4.3 Segmental and Regional Analysis
12.4.4 Research & Development Expense
12.4.5 SWOT Analysis
12.5 ABB Group
12.5.1 Company Overview
12.5.2 Financial Analysis
12.5.3 Segmental and Regional Analysis
12.5.4 Research & Development Expense
12.5.5 SWOT Analysis
12.6 Hitachi, Ltd.
12.6.1 Company Overview
12.6.2 Financial Analysis
12.6.3 Segmental and Regional Analysis
12.6.4 Research & Development Expenses
12.6.5 SWOT Analysis
12.7 Toshiba Corporation
12.7.1 Company Overview
12.7.2 Financial Analysis
12.7.3 Segmental and Regional Analysis
12.7.4 Research and Development Expense
12.7.5 SWOT Analysis
12.8 Mitsubishi Electric Corporation
12.8.1 Company Overview
12.8.2 Financial Analysis
12.8.3 Segmental and Regional Analysis
12.8.4 Research & Development Expense
12.8.5 SWOT Analysis
12.9 Vertiv Holdings Co.
12.9.1 Company Overview
12.9.2 Financial Analysis
12.9.3 Regional Analysis
12.10. Bharat Heavy Electricals Ltd.
12.10.1 Company Overview
12.10.2 Financial Analysis
12.10.3 Segmental and Regional Analysis
12.10.4 SWOT Analysis
TABLE 1 North America Flexible Transformers Market, 2020 - 2023, USD Million
TABLE 2 North America Flexible Transformers Market, 2024 - 2031, USD Million
TABLE 3 North America Flexible Transformers Market by Type, 2020 - 2023, USD Million
TABLE 4 North America Flexible Transformers Market by Type, 2024 - 2031, USD Million
TABLE 5 North America Solid-State Flexible Transformers Market by Country, 2020 - 2023, USD Million
TABLE 6 North America Solid-State Flexible Transformers Market by Country, 2024 - 2031, USD Million
TABLE 7 North America Modular Transformers Market by Country, 2020 - 2023, USD Million
TABLE 8 North America Modular Transformers Market by Country, 2024 - 2031, USD Million
TABLE 9 North America Bi-Directional Transformers Market by Country, 2020 - 2023, USD Million
TABLE 10 North America Bi-Directional Transformers Market by Country, 2024 - 2031, USD Million
TABLE 11 North America Flexible Transformers Market by Voltage Level, 2020 - 2023, USD Million
TABLE 12 North America Flexible Transformers Market by Voltage Level, 2024 - 2031, USD Million
TABLE 13 North America Medium Voltage Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Medium Voltage Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Low Voltage Market by Country, 2020 - 2023, USD Million
TABLE 16 North America Low Voltage Market by Country, 2024 - 2031, USD Million
TABLE 17 North America High Voltage Market by Country, 2020 - 2023, USD Million
TABLE 18 North America High Voltage Market by Country, 2024 - 2031, USD Million
TABLE 19 North America Flexible Transformers Market by Power Rating, 2020 - 2023, USD Million
TABLE 20 North America Flexible Transformers Market by Power Rating, 2024 - 2031, USD Million
TABLE 21 North America Medium-Scale (10 to 250 kVA) Market by Country, 2020 - 2023, USD Million
TABLE 22 North America Medium-Scale (10 to 250 kVA) Market by Country, 2024 - 2031, USD Million
TABLE 23 North America Large-Scale (above 250 kVA) Market by Country, 2020 - 2023, USD Million
TABLE 24 North America Large-Scale (above 250 kVA) Market by Country, 2024 - 2031, USD Million
TABLE 25 North America Small-Scale (up to 10 kVA) Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Small-Scale (up to 10 kVA) Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Flexible Transformers Market by Technology, 2020 - 2023, USD Million
TABLE 28 North America Flexible Transformers Market by Technology, 2024 - 2031, USD Million
TABLE 29 North America Solid-State Electronics Market by Country, 2020 - 2023, USD Million
TABLE 30 North America Solid-State Electronics Market by Country, 2024 - 2031, USD Million
TABLE 31 North America Magnetic Core Material Innovations Market by Country, 2020 - 2023, USD Million
TABLE 32 North America Magnetic Core Material Innovations Market by Country, 2024 - 2031, USD Million
TABLE 33 North America Digital Monitoring and Control Market by Country, 2020 - 2023, USD Million
TABLE 34 North America Digital Monitoring and Control Market by Country, 2024 - 2031, USD Million
TABLE 35 North America Flexible Transformers Market by Application, 2020 - 2023, USD Million
TABLE 36 North America Flexible Transformers Market by Application, 2024 - 2031, USD Million
TABLE 37 North America Renewable Energy Integration Market by Country, 2020 - 2023, USD Million
TABLE 38 North America Renewable Energy Integration Market by Country, 2024 - 2031, USD Million
TABLE 39 North America Electric Vehicle (EV) Charging Stations Market by Country, 2020 - 2023, USD Million
TABLE 40 North America Electric Vehicle (EV) Charging Stations Market by Country, 2024 - 2031, USD Million
TABLE 41 North America Smart Grids Market by Country, 2020 - 2023, USD Million
TABLE 42 North America Smart Grids Market by Country, 2024 - 2031, USD Million
TABLE 43 North America Industrial and Commercial Facilities Market by Country, 2020 - 2023, USD Million
TABLE 44 North America Industrial and Commercial Facilities Market by Country, 2024 - 2031, USD Million
TABLE 45 North America Other Application Market by Country, 2020 - 2023, USD Million
TABLE 46 North America Other Application Market by Country, 2024 - 2031, USD Million
TABLE 47 North America Flexible Transformers Market by End User, 2020 - 2023, USD Million
TABLE 48 North America Flexible Transformers Market by End User, 2024 - 2031, USD Million
TABLE 49 North America Utility Companies Market by Country, 2020 - 2023, USD Million
TABLE 50 North America Utility Companies Market by Country, 2024 - 2031, USD Million
TABLE 51 North America Industrial Sector Market by Country, 2020 - 2023, USD Million
TABLE 52 North America Industrial Sector Market by Country, 2024 - 2031, USD Million
TABLE 53 North America Commercial Sector Market by Country, 2020 - 2023, USD Million
TABLE 54 North America Commercial Sector Market by Country, 2024 - 2031, USD Million
TABLE 55 North America Residential Sector Market by Country, 2020 - 2023, USD Million
TABLE 56 North America Residential Sector Market by Country, 2024 - 2031, USD Million
TABLE 57 North America Other End User Market by Country, 2020 - 2023, USD Million
TABLE 58 North America Other End User Market by Country, 2024 - 2031, USD Million
TABLE 59 North America Flexible Transformers Market by Country, 2020 - 2023, USD Million
TABLE 60 North America Flexible Transformers Market by Country, 2024 - 2031, USD Million
TABLE 61 US Flexible Transformers Market, 2020 - 2023, USD Million
TABLE 62 US Flexible Transformers Market, 2024 - 2031, USD Million
TABLE 63 US Flexible Transformers Market by Type, 2020 - 2023, USD Million
TABLE 64 US Flexible Transformers Market by Type, 2024 - 2031, USD Million
TABLE 65 US Flexible Transformers Market by Voltage Level, 2020 - 2023, USD Million
TABLE 66 US Flexible Transformers Market by Voltage Level, 2024 - 2031, USD Million
TABLE 67 US Flexible Transformers Market by Power Rating, 2020 - 2023, USD Million
TABLE 68 US Flexible Transformers Market by Power Rating, 2024 - 2031, USD Million
TABLE 69 US Flexible Transformers Market by Technology, 2020 - 2023, USD Million
TABLE 70 US Flexible Transformers Market by Technology, 2024 - 2031, USD Million
TABLE 71 US Flexible Transformers Market by Application, 2020 - 2023, USD Million
TABLE 72 US Flexible Transformers Market by Application, 2024 - 2031, USD Million
TABLE 73 US Flexible Transformers Market by End User, 2020 - 2023, USD Million
TABLE 74 US Flexible Transformers Market by End User, 2024 - 2031, USD Million
TABLE 75 Canada Flexible Transformers Market, 2020 - 2023, USD Million
TABLE 76 Canada Flexible Transformers Market, 2024 - 2031, USD Million
TABLE 77 Canada Flexible Transformers Market by Type, 2020 - 2023, USD Million
TABLE 78 Canada Flexible Transformers Market by Type, 2024 - 2031, USD Million
TABLE 79 Canada Flexible Transformers Market by Voltage Level, 2020 - 2023, USD Million
TABLE 80 Canada Flexible Transformers Market by Voltage Level, 2024 - 2031, USD Million
TABLE 81 Canada Flexible Transformers Market by Power Rating, 2020 - 2023, USD Million
TABLE 82 Canada Flexible Transformers Market by Power Rating, 2024 - 2031, USD Million
TABLE 83 Canada Flexible Transformers Market by Technology, 2020 - 2023, USD Million
TABLE 84 Canada Flexible Transformers Market by Technology, 2024 - 2031, USD Million
TABLE 85 Canada Flexible Transformers Market by Application, 2020 - 2023, USD Million
TABLE 86 Canada Flexible Transformers Market by Application, 2024 - 2031, USD Million
TABLE 87 Canada Flexible Transformers Market by End User, 2020 - 2023, USD Million
TABLE 88 Canada Flexible Transformers Market by End User, 2024 - 2031, USD Million
TABLE 89 Mexico Flexible Transformers Market, 2020 - 2023, USD Million
TABLE 90 Mexico Flexible Transformers Market, 2024 - 2031, USD Million
TABLE 91 Mexico Flexible Transformers Market by Type, 2020 - 2023, USD Million
TABLE 92 Mexico Flexible Transformers Market by Type, 2024 - 2031, USD Million
TABLE 93 Mexico Flexible Transformers Market by Voltage Level, 2020 - 2023, USD Million
TABLE 94 Mexico Flexible Transformers Market by Voltage Level, 2024 - 2031, USD Million
TABLE 95 Mexico Flexible Transformers Market by Power Rating, 2020 - 2023, USD Million
TABLE 96 Mexico Flexible Transformers Market by Power Rating, 2024 - 2031, USD Million
TABLE 97 Mexico Flexible Transformers Market by Technology, 2020 - 2023, USD Million
TABLE 98 Mexico Flexible Transformers Market by Technology, 2024 - 2031, USD Million
TABLE 99 Mexico Flexible Transformers Market by Application, 2020 - 2023, USD Million
TABLE 100 Mexico Flexible Transformers Market by Application, 2024 - 2031, USD Million
TABLE 101 Mexico Flexible Transformers Market by End User, 2020 - 2023, USD Million
TABLE 102 Mexico Flexible Transformers Market by End User, 2024 - 2031, USD Million
TABLE 103 Rest of North America Flexible Transformers Market, 2020 - 2023, USD Million
TABLE 104 Rest of North America Flexible Transformers Market, 2024 - 2031, USD Million
TABLE 105 Rest of North America Flexible Transformers Market by Type, 2020 - 2023, USD Million
TABLE 106 Rest of North America Flexible Transformers Market by Type, 2024 - 2031, USD Million
TABLE 107 Rest of North America Flexible Transformers Market by Voltage Level, 2020 - 2023, USD Million
TABLE 108 Rest of North America Flexible Transformers Market by Voltage Level, 2024 - 2031, USD Million
TABLE 109 Rest of North America Flexible Transformers Market by Power Rating, 2020 - 2023, USD Million
TABLE 110 Rest of North America Flexible Transformers Market by Power Rating, 2024 - 2031, USD Million
TABLE 111 Rest of North America Flexible Transformers Market by Technology, 2020 - 2023, USD Million
TABLE 112 Rest of North America Flexible Transformers Market by Technology, 2024 - 2031, USD Million
TABLE 113 Rest of North America Flexible Transformers Market by Application, 2020 - 2023, USD Million
TABLE 114 Rest of North America Flexible Transformers Market by Application, 2024 - 2031, USD Million
TABLE 115 Rest of North America Flexible Transformers Market by End User, 2020 - 2023, USD Million
TABLE 116 Rest of North America Flexible Transformers Market by End User, 2024 - 2031, USD Million
TABLE 117 Key Information – Schneider Electric SE
TABLE 118 Key Information – Siemens AG
TABLE 119 Key Information – General Electric Company
TABLE 120 Key Information – Eaton Corporation PLC
TABLE 121 Key Information – ABB Group
TABLE 122 Key Information – Hitachi, Ltd.
TABLE 123 Key Information – Toshiba Corporation
TABLE 124 Key Information – Mitsubishi Electric Corporation
TABLE 125 Key Information – Vertiv Holdings Co.
TABLE 126 Key information – Bharat Heavy Electricals Ltd.

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Flexible Transformers Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Flexible Transformers Market
FIG 4 Market Share Analysis, 2023
FIG 5 Porter’s Five Forces Analysis – Flexible Transformers Market
FIG 6 North America Flexible Transformers Market share by Type, 2023
FIG 7 North America Flexible Transformers Market share by Type, 2031
FIG 8 North America Flexible Transformers Market by Type, 2020 - 2031, USD Million
FIG 9 North America Flexible Transformers Market share by Voltage Level, 2023
FIG 10 North America Flexible Transformers Market share by Voltage Level, 2031
FIG 11 North America Flexible Transformers Market by Voltage Level, 2020 - 2031, USD Million
FIG 12 North America Flexible Transformers Market share by Power Rating, 2023
FIG 13 North America Flexible Transformers Market share by Power Rating, 2031
FIG 14 North America Flexible Transformers Market by Power Rating, 2020 - 2031, USD Million
FIG 15 North America Flexible Transformers Market share by Technology, 2023
FIG 16 North America Flexible Transformers Market share by Technology, 2031
FIG 17 North America Flexible Transformers Market by Technology, 2020 - 2031, USD Million
FIG 18 North America Flexible Transformers Market share by Application, 2023
FIG 19 North America Flexible Transformers Market share by Application, 2031
FIG 20 North America Flexible Transformers Market by Application, 2020 - 2031, USD Million
FIG 21 North America Flexible Transformers Market share by End User, 2023
FIG 22 North America Flexible Transformers Market share by End User, 2031
FIG 23 North America Flexible Transformers Market by End User, 2020 - 2031, USD Million
FIG 24 North America Flexible Transformers Market share by Country, 2023
FIG 25 North America Flexible Transformers Market share by Country, 2031
FIG 26 North America Flexible Transformers Market by Country, 2020 - 2031, USD Million
FIG 27 SWOT Analysis: Schneider Electric SE
FIG 28 SWOT Analysis: Siemens AG
FIG 29 SWOT Analysis: General electric Company
FIG 30 SWOT Analysis: Eaton Corporation PLC
FIG 31 SWOT Analysis: ABB GROUP
FIG 32 Swot Analysis: Hitachi, Ltd.
FIG 33 SWOT Analysis: Toshiba International Corporation
FIG 34 SWOT Analysis: Mitsubishi Electric Corporation
FIG 35 SWOT Analysis: Bharat Heavy Electricals Ltd.

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