The North America Power Transformer Market would witness market growth of 6.1% CAGR during the forecast period (2022-2028).
It is anticipated that burgeoning green initiatives, service expansions in resource-based businesses, and rising PCB replacement programmes will present remarkable growth opportunities for the power transformer market. Power plants, conventional electric utility companies, and power plants widely utilize these devices. As compared to the production stations and transmission networks, these devices are large in size.
As the power transformers are utilized in transmitting networks, they are not directly used by the customers. Instead, these devices are utilized as step-up systems for transmitting energy and decreasing I2R waste to a prescribed power flow. The power transformers are primarily employed at distribution stations for power generation. They are also used in six-pulse and twelve-pulse rectifier transformers, isolation systems, wind farm transformers, earthing transformers, autotransformer starters, and solar PV farm transformers.
In Mexico, the power generation was credited for 327,965 GWh (Gigawatt hours) in 2019. Of this, 26.6% was produced with clean energy sources comprising efficient cogeneration, nuclear energy, and renewables. It is predicted that by 2020, the power generation will amount to 340,162 GWh, with 31.6% expected from clean energy sources. As per the IRENA (international renewable energy agency) publication, Mexico has a diverse and significant resource potential and can attract extensive investments to expand its energy supply. This, in turn, will support the growth of regional market.
The US market dominated the North America Power Transformer Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $6,485 Million by 2028. The Canada market is poised to grow at a CAGR of 8.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 7.5% during (2022 - 2028).
Based on Insulation, the market is segmented into Oil, Gas, Air, Solid and Others. Based on Application, the market is segmented into Industrial, Residential & Commercial and Utilities. Based on Rating, the market is segmented into 100 MVA to 500 MVA, 501 MVA to 800 MVA and 801 MVA to 1,200 MVA. Based on Phase, the market is segmented into Three and Single. Based on Core, the market is segmented into Shell, Closed and Berry. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Power Transformer Market is Estimated to reach $33.7 Billion by 2028, at a CAGR of 6.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Toshiba Corporation, ABB Group, General Electric Company, Siemens Energy AG, Alstom SA, Mitsubishi Electric Corporation, Hyosung Heavy Industries Corporation, CG Power & Industrial Solutions Ltd. (Murugappa Group), Hyundai Construction Equipment Co., Ltd. (Hyundai Heavy Industries Co., Ltd.), and Bharat Heavy Electricals Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Insulation
By Application
- Industrial
- Residential & Commercial
- Utilities
By Rating
- 100 MVA to 500 MVA
- 501 MVA to 800 MVA
- 801 MVA to 1,200 MVA
By Phase
By Core
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Toshiba Corporation
- ABB Group
- General Electric Company
- Siemens Energy AG
- Alstom SA
- Mitsubishi Electric Corporation
- Hyosung Heavy Industries Corporation
- CG Power & Industrial Solutions Ltd. (Murugappa Group)
- Hyundai Construction Equipment Co., Ltd. (Hyundai Heavy Industries Co., Ltd.)
- Bharat Heavy Electricals Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Power Transformer Market, by Insulation
1.4.2 North America Power Transformer Market, by Application
1.4.3 North America Power Transformer Market, by Rating
1.4.4 North America Power Transformer Market, by Phase
1.4.5 North America Power Transformer Market, by Core
1.4.6 North America Power Transformer Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Power Transformer Market by Insulation
3.1 North America Oil Market by Country
3.2 North America Gas Market by Country
3.3 North America Air Market by Country
3.4 North America Solid Market by Country
3.5 North America Others Market by Country
Chapter 4. North America Power Transformer Market by Application
4.1 North America Industrial Market by Country
4.2 North America Residential & Commercial Market by Country
4.3 North America Utilities Market by Country
Chapter 5. North America Power Transformer Market by Rating
5.1 North America 100 MVA to 500 MVA Market by Country
5.2 North America 501 MVA to 800 MVA Market by Country
5.3 North America 801 MVA to 1,200 MVA Market by Country
Chapter 6. North America Power Transformer Market by Phase
6.1 North America Three Market by Country
6.2 North America Single Market by Country
Chapter 7. North America Power Transformer Market by Core
7.1 North America Shell Market by Country
7.2 North America Closed Market by Country
7.3 North America Berry Market by Country
Chapter 8. North America Power Transformer Market by Country
8.1 US Power Transformer Market
8.1.1 US Power Transformer Market by Insulation
8.1.2 US Power Transformer Market by Application
8.1.3 US Power Transformer Market by Rating
8.1.4 US Power Transformer Market by Phase
8.1.5 US Power Transformer Market by Core
8.2 Canada Power Transformer Market
8.2.1 Canada Power Transformer Market by Insulation
8.2.2 Canada Power Transformer Market by Application
8.2.3 Canada Power Transformer Market by Rating
8.2.4 Canada Power Transformer Market by Phase
8.2.5 Canada Power Transformer Market by Core
8.3 Mexico Power Transformer Market
8.3.1 Mexico Power Transformer Market by Insulation
8.3.2 Mexico Power Transformer Market by Application
8.3.3 Mexico Power Transformer Market by Rating
8.3.4 Mexico Power Transformer Market by Phase
8.3.5 Mexico Power Transformer Market by Core
8.4 Rest of North America Power Transformer Market
8.4.1 Rest of North America Power Transformer Market by Insulation
8.4.2 Rest of North America Power Transformer Market by Application
8.4.3 Rest of North America Power Transformer Market by Rating
8.4.4 Rest of North America Power Transformer Market by Phase
8.4.5 Rest of North America Power Transformer Market by Core
Chapter 9. Company Profiles
9.1 Toshiba Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research and Development Expense
9.1.5 SWOT Analysis
9.2 ABB Group
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Acquisitions and Mergers:
9.2.6 SWOT Analysis
9.3 General Electric Company
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 SWOT Analysis
9.4 Siemens Energy AG
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Product Launches and Product Expansions:
9.5 Alstom SA
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.6 Mitsubishi Electric Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Acquisitions and Mergers:
9.7 Hyosung Heavy Industries Corporation
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Research & Development Expenses
9.8 CG Power & Industrial Solutions Ltd. (Murugappa Group)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.9 Hyundai Construction Equipment Co., Ltd. (Hyundai Heavy Industries Co., Ltd.)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.10. Bharat Heavy Electricals Ltd.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental Analysis
TABLE 1 North America Power Transformer Market, 2018 - 2021, USD Million
TABLE 2 North America Power Transformer Market, 2022 - 2028, USD Million
TABLE 3 North America Power Transformer Market by Insulation, 2018 - 2021, USD Million
TABLE 4 North America Power Transformer Market by Insulation, 2022 - 2028, USD Million
TABLE 5 North America Oil Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Oil Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Gas Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Gas Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Air Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Air Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Solid Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Solid Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Power Transformer Market by Application, 2018 - 2021, USD Million
TABLE 16 North America Power Transformer Market by Application, 2022 - 2028, USD Million
TABLE 17 North America Industrial Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Industrial Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Residential & Commercial Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Residential & Commercial Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Utilities Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Utilities Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Power Transformer Market by Rating, 2018 - 2021, USD Million
TABLE 24 North America Power Transformer Market by Rating, 2022 - 2028, USD Million
TABLE 25 North America 100 MVA to 500 MVA Market by Country, 2018 - 2021, USD Million
TABLE 26 North America 100 MVA to 500 MVA Market by Country, 2022 - 2028, USD Million
TABLE 27 North America 501 MVA to 800 MVA Market by Country, 2018 - 2021, USD Million
TABLE 28 North America 501 MVA to 800 MVA Market by Country, 2022 - 2028, USD Million
TABLE 29 North America 801 MVA to 1,200 MVA Market by Country, 2018 - 2021, USD Million
TABLE 30 North America 801 MVA to 1,200 MVA Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Power Transformer Market by Phase, 2018 - 2021, USD Million
TABLE 32 North America Power Transformer Market by Phase, 2022 - 2028, USD Million
TABLE 33 North America Three Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Three Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Single Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Single Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Power Transformer Market by Core, 2018 - 2021, USD Million
TABLE 38 North America Power Transformer Market by Core, 2022 - 2028, USD Million
TABLE 39 North America Shell Market by Country, 2018 - 2021, USD Million
TABLE 40 North America Shell Market by Country, 2022 - 2028, USD Million
TABLE 41 North America Closed Market by Country, 2018 - 2021, USD Million
TABLE 42 North America Closed Market by Country, 2022 - 2028, USD Million
TABLE 43 North America Berry Market by Country, 2018 - 2021, USD Million
TABLE 44 North America Berry Market by Country, 2022 - 2028, USD Million
TABLE 45 North America Power Transformer Market by Country, 2018 - 2021, USD Million
TABLE 46 North America Power Transformer Market by Country, 2022 - 2028, USD Million
TABLE 47 US Power Transformer Market, 2018 - 2021, USD Million
TABLE 48 US Power Transformer Market, 2022 - 2028, USD Million
TABLE 49 US Power Transformer Market by Insulation, 2018 - 2021, USD Million
TABLE 50 US Power Transformer Market by Insulation, 2022 - 2028, USD Million
TABLE 51 US Power Transformer Market by Application, 2018 - 2021, USD Million
TABLE 52 US Power Transformer Market by Application, 2022 - 2028, USD Million
TABLE 53 US Power Transformer Market by Rating, 2018 - 2021, USD Million
TABLE 54 US Power Transformer Market by Rating, 2022 - 2028, USD Million
TABLE 55 US Power Transformer Market by Phase, 2018 - 2021, USD Million
TABLE 56 US Power Transformer Market by Phase, 2022 - 2028, USD Million
TABLE 57 US Power Transformer Market by Core, 2018 - 2021, USD Million
TABLE 58 US Power Transformer Market by Core, 2022 - 2028, USD Million
TABLE 59 Canada Power Transformer Market, 2018 - 2021, USD Million
TABLE 60 Canada Power Transformer Market, 2022 - 2028, USD Million
TABLE 61 Canada Power Transformer Market by Insulation, 2018 - 2021, USD Million
TABLE 62 Canada Power Transformer Market by Insulation, 2022 - 2028, USD Million
TABLE 63 Canada Power Transformer Market by Application, 2018 - 2021, USD Million
TABLE 64 Canada Power Transformer Market by Application, 2022 - 2028, USD Million
TABLE 65 Canada Power Transformer Market by Rating, 2018 - 2021, USD Million
TABLE 66 Canada Power Transformer Market by Rating, 2022 - 2028, USD Million
TABLE 67 Canada Power Transformer Market by Phase, 2018 - 2021, USD Million
TABLE 68 Canada Power Transformer Market by Phase, 2022 - 2028, USD Million
TABLE 69 Canada Power Transformer Market by Core, 2018 - 2021, USD Million
TABLE 70 Canada Power Transformer Market by Core, 2022 - 2028, USD Million
TABLE 71 Mexico Power Transformer Market, 2018 - 2021, USD Million
TABLE 72 Mexico Power Transformer Market, 2022 - 2028, USD Million
TABLE 73 Mexico Power Transformer Market by Insulation, 2018 - 2021, USD Million
TABLE 74 Mexico Power Transformer Market by Insulation, 2022 - 2028, USD Million
TABLE 75 Mexico Power Transformer Market by Application, 2018 - 2021, USD Million
TABLE 76 Mexico Power Transformer Market by Application, 2022 - 2028, USD Million
TABLE 77 Mexico Power Transformer Market by Rating, 2018 - 2021, USD Million
TABLE 78 Mexico Power Transformer Market by Rating, 2022 - 2028, USD Million
TABLE 79 Mexico Power Transformer Market by Phase, 2018 - 2021, USD Million
TABLE 80 Mexico Power Transformer Market by Phase, 2022 - 2028, USD Million
TABLE 81 Mexico Power Transformer Market by Core, 2018 - 2021, USD Million
TABLE 82 Mexico Power Transformer Market by Core, 2022 - 2028, USD Million
TABLE 83 Rest of North America Power Transformer Market, 2018 - 2021, USD Million
TABLE 84 Rest of North America Power Transformer Market, 2022 - 2028, USD Million
TABLE 85 Rest of North America Power Transformer Market by Insulation, 2018 - 2021, USD Million
TABLE 86 Rest of North America Power Transformer Market by Insulation, 2022 - 2028, USD Million
TABLE 87 Rest of North America Power Transformer Market by Application, 2018 - 2021, USD Million
TABLE 88 Rest of North America Power Transformer Market by Application, 2022 - 2028, USD Million
TABLE 89 Rest of North America Power Transformer Market by Rating, 2018 - 2021, USD Million
TABLE 90 Rest of North America Power Transformer Market by Rating, 2022 - 2028, USD Million
TABLE 91 Rest of North America Power Transformer Market by Phase, 2018 - 2021, USD Million
TABLE 92 Rest of North America Power Transformer Market by Phase, 2022 - 2028, USD Million
TABLE 93 Rest of North America Power Transformer Market by Core, 2018 - 2021, USD Million
TABLE 94 Rest of North America Power Transformer Market by Core, 2022 - 2028, USD Million
TABLE 95 Key Information – Toshiba Corporation
TABLE 96 Key Information – ABB Group
TABLE 97 KEY INFORMATION – GENERAL ELECTRIC Company
TABLE 98 Key Information – Siemens Energy AG
TABLE 99 Key Information – aLSTOM SA
TABLE 100 key information – Mitsubishi Electric Corporation
TABLE 101 Key Information – Hyosung Heavy Industries Corporation
TABLE 102 Key Information – CG Power & Industrial Solutions Ltd.
TABLE 103 Key Information – Hyundai Construction Equipment Co., Ltd.
TABLE 104 Key information – Bharat Heavy Electricals Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Toshiba Corporation
FIG 3 SWOT Analysis: ABB Group
FIG 4 Swot analysis: General electric (GE) Co.
FIG 5 Recent strategies and developments: Siemens Energy AG