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Report
America Transformers Market Research Report Forecast to 2030
Market Report I 2023-10-10 I 121 Pages I Market Research Future
America Transformers Market Research Report Forecast to 2030
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.
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TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 13
1.1 MARKET ATTRACTIVENESS ANALYSIS 16
1.2 AMERICA TRANSFORMERS MARKET, BY TYPE 17
1.3 AMERICA TRANSFORMERS MARKET, BY POWER RATING 18
1.4 AMERICA TRANSFORMERS MARKET, BY PHASE 19
1.5 AMERICA TRANSFORMERS MARKET, BY VOLTAGE 20
1.6 AMERICA TRANSFORMERS MARKET, BY MOUNTING 21
1.7 AMERICA TRANSFORMERS MARKET, BY END-USE INDUSTRY 22
1.8 AMERICA TRANSFORMERS MARKET, BY COUNTRY 23
2 MARKET INTRODUCTION 24
2.1 DEFINITION 24
2.2 SCOPE OF THE STUDY 24
2.3 RESEARCH OBJECTIVE 24
2.4 MARKET STRUCTURE 25
3 RESEARCH METHODOLOGY 26
3.1 RESEARCH PROCESS 26
3.2 PRIMARY RESEARCH 27
3.3 SECONDARY RESEARCH 28
3.4 MARKET SIZE ESTIMATION 28
3.5 TOP-DOWN & BOTTOM-UP APPROACH 29
3.6 FORECAST MODEL 30
3.7 LIST OF ASSUMPTIONS 31
4 MARKET DYNAMICS 32
4.1 OVERVIEW 32
4.2 DRIVERS 34
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 36
4.3 RESTRAINTS 37
4.3.1 INSTABILITY IN RAW MATERIAL PRICES 37
4.4 OPPORTUNITIES 39
4.4.1 ESCALATING POPULATION AND ELECTRICITY DEMAND 39
4.5 CHALLENGES 40
4.5.1 RISK ASSOCIATED WITH DC VOLTAGE 40
5 MARKET FACTOR ANALYSIS 42
5.1 SUPPLY CHAIN ANALYSIS 42
5.1.1 RAW MATERIALS 42
5.1.2 MANUFACTURERS 43
5.1.3 DISTRIBUTION AND SALES CHANNEL 43
5.1.4 END USERS 43
5.2 PORTER'S FIVE FORCES MODEL 44
5.2.1 THREAT OF NEW ENTRANTS 44
5.2.2 BARGAINING POWER OF SUPPLIERS 45
5.2.3 THREAT OF SUBSTITUTES 45
5.2.4 BARGAINING POWER OF BUYERS 45
5.2.5 INTENSITY OF RIVALRY 45
5.3 IMPACT OF COVID-19 ON THE AMERICA TRANSFORMERS MARKET 46
6 AMERICA TRANSFORMER MARKET, BY TYPE 47
6.1 OVERVIEW 47
6.1.1 AMERICA TRANSFORMER: MARKET ESTIMATES & FORECAST BY TYPE, 2019-2030 48
6.2 DRY-TYPE TRANSFORMERS 48
6.2.1 CAST RESIN DRY TYPE TRANSFORMER (CRT) 48
6.2.2 VACUUM PRESSURE IMPREGNATED TRANSFORMER (VPI) 49
6.2.3 VACUUM PRESSURE ENCAPSULATED (VPE) TRANSFORMERS 49
6.2.4 OTHERS 49
6.3 OIL-FILLED TRANSFORMER 49
7 AMERICA TRANSFORMER MARKET, BY POWER RATING 50
7.1 OVERVIEW 50
7.1.1 AMERICA TRANSFORMER: MARKET ESTIMATES & FORECAST BY POWER RATING, 2019-2030 51
7.2 <500 KVA 51
7.3 500 KVA - 2500 KVA 51
7.4 2500 KVA - 10000 KVA 51
7.5 >10000 KVA 52
8 AMERICA TRANSFORMER MARKET, BY PHASE 53
8.1 OVERVIEW 53
8.1.1 AMERICA TRANSFORMER: MARKET ESTIMATES & FORECAST BY PHASE, 2019-2030 53
8.2 SINGLE PHASE 54
8.3 THREE PHASE 54
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9 AMERICA TRANSFORMER MARKET, BY VOLTAGE 55
9.1 OVERVIEW 55
9.1.1 AMERICA TRANSFORMER: MARKET ESTIMATES & FORECAST BY VOLTAGE, 2019-2030 55
9.2 LOW 56
9.3 MEDIUM 56
9.4 HIGH 56
10 AMERICA TRANSFORMER MARKET, BY MOUNTING 57
10.1 OVERVIEW 57
10.1.1 AMERICA TRANSFORMER: MARKET ESTIMATES & FORECAST BY MOUNTING, 2019-2030 57
10.2 PAD 58
10.3 POLE 58
10.4 OTHERS 58
11 AMERICA TRANSFORMER MARKET, BY END-USE INDUSTRY 59
11.1 OVERVIEW 59
11.1.1 TRANSFORMER: MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2019-2030 59
11.2 INDUSTRIAL 60
11.3 RESIDENTIAL & COMMERCIAL 60
11.4 UTILITY 60
12 AMERICA TRANSFORMER MARKET, BY COUNTRY 61
12.1 OVERVIEW 61
12.2 US 63
12.3 CANADA 65
12.4 MEXICO 67
12.5 CENTRAL AMERICA 69
12.6 REST OF AMERICA 71
13 COMPETITIVE LANDSCAPE 73
13.1 MARKET INTRODUCTION 73
13.2 RECENT DEVELOPMENTS 73
13.2.1 PARTNERSHIP/COLLBORATION/AGREEMENT 73
13.2.2 EXPANSION 74
13.2.3 PRODUCT DEVELOPMENT 75
13.2.4 ACQUISITION/MERGER 75
13.3 AMERICA MARKET STRATEGY ANALYSIS 76
13.4 MARKET SHARE ANALYSIS 77
13.5 COMPETITIVE BENCHMARKING 78
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14 COMPANY PROFILES 79
14.1 EATON 79
14.1.1 COMPANY OVERVIEW 79
14.1.2 FINANCIAL OVERVIEW 80
14.1.3 PRODUCTS OFFERED 81
14.1.4 KEY DEVELOPMENTS 83
14.1.5 SWOT ANALYSIS 84
14.1.6 KEY STRATEGIES 84
14.2 FUJI ELECTRIC CO., LTD. 85
14.2.1 COMPANY OVERVIEW 85
14.2.2 FINANCIAL OVERVIEW 86
14.2.3 PRODUCTS OFFERED 86
14.2.4 KEY DEVELOPMENTS 87
14.2.5 SWOT ANALYSIS 87
14.2.6 KEY STRATEGIES 87
14.3 GENERAL ELECTRIC (GE) 88
14.3.1 COMPANY OVERVIEW 88
14.3.2 FINANCIAL OVERVIEW 89
14.3.3 PRODUCTS OFFERED 89
14.3.4 KEY DEVELOPMENTS 90
14.3.5 SWOT ANALYSIS 90
14.3.6 KEY STRATEGIES 91
14.4 HAMMOND POWER SOLUTION 92
14.4.1 COMPANY OVERVIEW 92
14.4.2 FINANCIAL OVERVIEW 93
14.4.3 PRODUCTS OFFERED 93
14.4.4 KEY DEVELOPMENTS 94
14.4.5 SWOT ANALYSIS 95
14.4.6 KEY STRATEGIES 95
14.5 HITACHI, LTD. 96
14.5.1 COMPANY OVERVIEW 96
14.5.2 FINANCIAL OVERVIEW 97
14.5.3 PRODUCTS OFFERED 97
14.5.4 KEY DEVELOPMENTS 98
14.5.5 SWOT ANALYSIS 99
14.5.6 KEY STRATEGIES 99
14.6 KIRLOSKAR ELECTRIC COMPANY 100
14.6.1 COMPANY OVERVIEW 100
14.6.2 FINANCIAL OVERVIEW 101
14.6.3 PRODUCTS OFFERED 101
14.6.4 KEY DEVELOPMENTS 102
14.6.5 SWOT ANALYSIS 102
14.6.6 KEY STRATEGIES 102
14.7 SCHNEIDER ELECTRIC 103
14.7.1 COMPANY OVERVIEW 103
14.7.2 FINANCIAL OVERVIEW 104
14.7.3 PRODUCTS OFFERED 104
14.7.4 KEY DEVELOPMENTS 105
14.7.5 SWOT ANALYSIS 106
14.7.6 KEY STRATEGIES 106
14.8 SIEMENS ENERGY 107
14.8.1 COMPANY OVERVIEW 107
14.8.2 FINANCIAL OVERVIEW 108
14.8.3 PRODUCTS OFFERED 108
14.8.4 KEY DEVELOPMENTS 109
14.8.5 SWOT ANALYSIS 110
14.8.6 KEY STRATEGIES 110
14.9 WEG 111
14.9.1 COMPANY OVERVIEW 111
14.9.2 FINANCIAL OVERVIEW 112
14.9.3 PRODUCTS OFFERED 112
14.9.4 KEY DEVELOPMENTS 113
14.9.5 SWOT ANALYSIS 114
14.9.6 KEY STRATEGIES 114
14.10 ABB 115
14.10.1 COMPANY OVERVIEW 115
14.10.2 FINANCIAL OVERVIEW 116
14.10.3 PRODUCTS OFFERED 116
14.10.4 KEY DEVELOPMENTS 117
14.10.5 SWOT ANALYSIS 118
14.10.6 KEY STRATEGIES 118
15 APPENDIX 119
15.1 REFERENCES 119
15.2 RELATED REPORTS 120
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LIST OF TABLES
TABLE 1 LIST OF ASSUMPTIONS 31
TABLE 2 AMERICA TRANSFORMER MARKET ESTIMATES & FORECAST, BY TYPE, 2019-2030 (USD MILLION) 48
TABLE 3 AMERICA TRANSFORMER MARKET ESTIMATES & FORECAST, BY POWER RATING, 2019-2030 (USD MILLION) 51
TABLE 4 AMERICA TRANSFORMER MARKET ESTIMATES & FORECAST, BY PHASE, 2019-2030 (USD MILLION) 53
TABLE 5 AMERICA TRANSFORMER MARKET ESTIMATES & FORECAST, BY VOLTAGE, 2019-2030 (USD MILLION) 55
TABLE 6 AMERICA TRANSFORMER MARKET ESTIMATES & FORECAST, BY MOUNTING, 2019-2030 (USD MILLION) 57
TABLE 7 TRANSFORMER MARKET ESTIMATES & FORECAST, BY END-USE INDUSTRY, 2019-2030 (USD MILLION) 59
TABLE 8 AMERICA TRANSFORMER MARKET, BY COUNTRY, 2019-2030 (USD MILLION) 62
TABLE 9 US: TRANSFORMER MARKET, BY TYPE, 2019-2030 (USD MILLION) 63
TABLE 10 US: TRANSFORMER MARKET, BY POWER RATING, 2019-2030 (USD MILLION) 63
TABLE 11 US: TRANSFORMER MARKET, BY PHASE, 2019-2030 (USD MILLION) 63
TABLE 12 US: TRANSFORMER MARKET, BY VOLTAGE, 2019-2030 (USD MILLION) 64
TABLE 13 US: TRANSFORMER MARKET, BY MOUNTING, 2019-2030 (USD MILLION) 64
TABLE 14 US: TRANSFORMER MARKET, BY END-USE INDUSTRY, 2019-2030 (USD MILLION) 64
TABLE 15 CANADA: TRANSFORMER MARKET, BY TYPE, 2019-2030 (USD MILLION) 65
TABLE 16 CANADA: TRANSFORMER MARKET, BY POWER RATING, 2019-2030 (USD MILLION) 65
TABLE 17 CANADA: TRANSFORMER MARKET, BY PHASE, 2019-2030 (USD MILLION) 65
TABLE 18 CANADA: TRANSFORMER MARKET, BY VOLTAGE, 2019-2030 (USD MILLION) 66
TABLE 19 CANADA: TRANSFORMER MARKET, BY MOUNTING, 2019-2030 (USD MILLION) 66
TABLE 20 CANADA: TRANSFORMER MARKET, BY END-USE INDUSTRY, 2019-2030 (USD MILLION) 66
TABLE 21 MEXICO: TRANSFORMER MARKET, BY TYPE, 2019-2030 (USD MILLION) 67
TABLE 22 MEXICO: TRANSFORMER MARKET, BY POWER RATING, 2019-2030 (USD MILLION) 67
TABLE 23 MEXICO: TRANSFORMER MARKET, BY PHASE, 2019-2030 (USD MILLION) 67
TABLE 24 MEXICO: TRANSFORMER MARKET, BY VOLTAGE, 2019-2030 (USD MILLION) 68
TABLE 25 MEXICO: TRANSFORMER MARKET, BY MOUNTING, 2019-2030 (USD MILLION) 68
TABLE 26 MEXICO: TRANSFORMER MARKET, BY END-USE INDUSTRY, 2019-2030 (USD MILLION) 68
TABLE 27 CENTRAL AMERICA: TRANSFORMER MARKET, BY TYPE, 2019-2030 (USD MILLION) 69
TABLE 28 CENTRAL AMERICA: TRANSFORMER MARKET, BY POWER RATING, 2019-2030 (USD MILLION) 69
TABLE 29 CENTRAL AMERICA: TRANSFORMER MARKET, BY PHASE, 2019-2030 (USD MILLION) 69
TABLE 30 CENTRAL AMERICA: TRANSFORMER MARKET, BY VOLTAGE, 2019-2030 (USD MILLION) 70
TABLE 31 CENTRAL AMERICA: TRANSFORMER MARKET, BY MOUNTING, 2019-2030 (USD MILLION) 70
TABLE 32 CENTRAL AMERICA: TRANSFORMER MARKET, BY END-USE INDUSTRY, 2019-2030 (USD MILLION) 70
TABLE 33 REST OF AMERICA: TRANSFORMER MARKET, BY TYPE, 2019-2030 (USD MILLION) 71
TABLE 34 REST OF AMERICA: TRANSFORMER MARKET, BY POWER RATING, 2019-2030 (USD MILLION) 71
TABLE 35 REST OF AMERICA: TRANSFORMER MARKET, BY PHASE, 2019-2030 (USD MILLION) 71
TABLE 36 REST OF AMERICA: TRANSFORMER MARKET, BY VOLTAGE, 2019-2030 (USD MILLION) 72
TABLE 37 REST OF AMERICA: TRANSFORMER MARKET, BY MOUNTING, 2019-2030 (USD MILLION) 72
TABLE 38 REST OF AMERICA: TRANSFORMER MARKET, BY END-USE INDUSTRY, 2019-2030 (USD MILLION) 72
TABLE 39 PARTNERSHIP/COLLABORATION/AGREEMENT 73
TABLE 40 EXPANSION 74
TABLE 41 PRODUCT DEVELOPMENT 75
TABLE 42 ACQUISITION/MERGER 75
TABLE 43 EATON: PRODUCTS OFFERED 81
TABLE 44 EATON: KEY DEVELOPMENTS 83
TABLE 45 FUJI ELECTRIC CO., LTD..: PRODUCTS OFFERED 86
TABLE 46 FUJI ELECTRIC CO., LTD..: KEY DEVELOPMENTS 87
TABLE 47 GE: PRODUCTS OFFERED 89
TABLE 48 GE: KEY DEVELOPMENTS 90
TABLE 49 HAMMOND POWER SOLUTION: PRODUCTS OFFERED 93
TABLE 50 HAMMOND POWER SOLUTION: KEY DEVELOPMENTS 94
TABLE 51 HITACHI, LTD.: PRODUCTS OFFERED 97
TABLE 52 HITACHI, LTD.: KEY DEVELOPMENTS 98
TABLE 53 KIRLOSKAR ELECTRIC COMPANY: PRODUCTS OFFERED 101
TABLE 54 SCHNEIDER ELECTRIC: PRODUCTS OFFERED 104
TABLE 55 SCHNEIDER ELECTRIC: KEY DEVELOPMENTS 105
TABLE 56 SIEMENS ENERGY: PRODUCTS OFFERED 108
TABLE 57 SIEMENS ENERGY: KEY DEVELOPMENTS 109
TABLE 58 WEG: PRODUCTS OFFERED 112
TABLE 59 WEG.: KEY DEVELOPMENTS 113
TABLE 60 ABB: PRODUCTS OFFERED 116
TABLE 61 ABB: KEY DEVELOPMENTS 117
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LIST OF FIGURES
FIGURE 1 MARKET SYNOPSIS 15
FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: AMERICA TRANSFORMERS MARKET, 2022 16
FIGURE 3 AMERICA TRANSFORMERS MARKET ANALYSIS BY TYPE (USD MILLION) 17
FIGURE 4 AMERICA TRANSFORMERS MARKET ANALYSIS BY POWER RATING (USD MILLION) 18
FIGURE 5 AMERICA TRANSFORMERS MARKET ANALYSIS BY PHASE (USD MILLION) 19
FIGURE 6 AMERICA TRANSFORMERS MARKET ANALYSIS BY VOLTAGE (USD MILLION) 20
FIGURE 7 AMERICA TRANSFORMERS MARKET ANALYSIS BY MOUNTING (USD MILLION) 21
FIGURE 8 AMERICA TRANSFORMERS MARKET ANALYSIS BY END-USE INDUSTRY (USD MILLION) 22
FIGURE 9 AMERICA TRANSFORMERS MARKET ANALYSIS BY COUNTRY (USD MILLION) 23
FIGURE 10 TRANSFORMERS MARKET: MARKET STRUCTURE 25
FIGURE 11 RESEARCH PROCESS OF MRFR 26
FIGURE 12 MARKET DYNAMICS: TRANSFORMER MARKET 33
FIGURE 13 DRIVERS: IMPACT ANALYSIS 37
FIGURE 14 RESTRAINT: IMPACT ANALYSIS 38
FIGURE 15 SUPPLY CHAIN ANALYSIS: AMERICA TRANSFORMER MARKET 42
FIGURE 16 PORTER'S FIVE FORCES ANALYSIS: AMERICA TRANSFORMER MARKET 44
FIGURE 17 AMERICA TRANSFORMER MARKET, BY TYPE, 2019 TO 2030 (USD MILLION) 47
FIGURE 18 AMERICA TRANSFORMER MARKET, BY POWER RATING 2019 TO 2030 (USD MILLION) 50
FIGURE 19 AMERICA TRANSFORMER MARKET, BY PHASE, 2019 TO 2030 (USD MILLION) 53
FIGURE 20 AMERICA TRANSFORMER MARKET, BY VOLTAGE, 2019 TO 2030 (USD MILLION) 55
FIGURE 21 AMERICA TRANSFORMER MARKET, BY MOUNTING, 2019 TO 2030 (USD MILLION) 57
FIGURE 22 AMERICA TRANSFORMER MARKET, BY END-USE INDUSTRY, 2019 TO 2030 (USD MILLION) 59
FIGURE 23 AMERICA TRANSFORMER MARKET, BY COUNTRY, 2019-2030 (USD MILLION) 62
FIGURE 24 AMERICA TRANSFORMER MARKET: MAJOR MANUFACTURER MARKET SHARE ANALYSIS, 2022 (%) 77
FIGURE 25 BENCHMARKING OF MAJOR COMPETITORS 78
FIGURE 26 EATON: FINANCIAL OVERVIEW SNAPSHOT 80
FIGURE 27 EATON: SWOT ANALYSIS 84
FIGURE 28 FUJI ELECTRIC CO., LTD..: FINANCIAL OVERVIEW SNAPSHOT 86
FIGURE 29 FUJI ELECTRIC CO., LTD..: SWOT ANALYSIS 87
FIGURE 30 GE: FINANCIAL OVERVIEW SNAPSHOT 89
FIGURE 31 GE: SWOT ANALYSIS 90
FIGURE 32 HAMMOND POWER SOLUTION: FINANCIAL OVERVIEW SNAPSHOT 93
FIGURE 33 HAMMOND POWER SOLUTION: SWOT ANALYSIS 95
FIGURE 34 HITACHI, LTD.: FINANCIAL OVERVIEW SNAPSHOT 97
FIGURE 35 HITACHI, LTD.: SWOT ANALYSIS 99
FIGURE 36 KIRLOSKAR ELECTRIC COMPANY: FINANCIAL OVERVIEW SNAPSHOT 101
FIGURE 37 KIRLOSKAR ELECTRIC COMPANY: SWOT ANALYSIS 102
FIGURE 38 SCHNEIDER ELECTRIC: FINANCIAL OVERVIEW SNAPSHOT 104
FIGURE 39 SCHNEIDER ELECTRIC: SWOT ANALYSIS 106
FIGURE 40 SIEMENS ENERGY.: FINANCIAL OVERVIEW SNAPSHOT 108
FIGURE 41 SIEMENS ENERGY: SWOT ANALYSIS 110
FIGURE 42 WEG.: FINANCIAL OVERVIEW SNAPSHOT 112
FIGURE 43 WEG: SWOT ANALYSIS 114
FIGURE 44 ABB.: FINANCIAL OVERVIEW SNAPSHOT 116
FIGURE 45 ABB: SWOT ANALYSIS 118
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