North America Transformer Market Research Report Forecast to 2032
Market Report I 2024-02-20 I 109 Pages I Market Research Future
North America Transformer Market Research Report Forecast to 2032
Market Overview
The North America Transformer Market is projected to register a CAGR of 4.9% during the review period. The North America Transformer Market is conspicuously affected by many market-driven factors. Key drivers driving development of North America Transformer Market incorporates expanding energy requests from ventures and updating old transmission and dissemination frameworks and quick reception of savvy matrix innovation. Numerous transmission frameworks in North America are maturing and needing overhauls. Updating these frameworks includes supplanting obsolete gear, including transformers, with additional advanced and proficient ones. This works on the dependability and limit of the power matrix, guaranteeing a steady stockpile of power to fulfill the developing energy needs.
Businesses in North America have been encountering a developing interest for power. This expanded interest is driven by variables like modern development, innovative progressions, and the requirement for dependable power supply. As ventures grow their tasks, the interest in transformers to help power appropriation and usage additionally increments. Also, the maturing foundation of transmission and dispersion frameworks in North America expects moves up to guarantee effective and dependable power transmission. Updating these frameworks includes supplanting obsolete gear, including transformers, with current and more proficient models. This works on the general execution and unwavering quality of the power network.
As per the U.S. Energy Data Organization, the typical length of yearly electric power interference remained at 7 hours from 2017 to 2021. Electric service organizations in the U.S. are stood up to with a huge obstruction through heightening support costs related with maturing foundation. Roughly 70% of transmission lines in the U.S. are over 25 years of age and approaching the finish of their normal 50-80-year life expectancy. Over the long haul, different parts of the foundation, for example, transmission pinnacles, transformers, and electrical cables, go through decay, bringing about continuous breakdowns and blackouts. As indicated by the Division of Energy, blackouts cost U.S. economy USD 28 billion to USD 169 billion every year.
Market Segmentation
Based on type, the North America Transformer Market is divided into dry type and oil filled.
By power rating, the North America Transformer Market is divided into <500 kVA, 500 kVA-2500 kVA, 2500 kVA-10,000 kVA and >10,000 kVA.
In terms of phase, the Market is divided into single phase and three phase. Among these, three phases arise as the prevailing fragment in the market. Considering voltage, the Market is divided into low, medium, and high.
Considering mounting, the North America Transformer Market is divided into pad, pole, and others. Based on end-client, the Market is divided into modern, utility, and private and business.
Major Players
The major players operating in the Market are General Electric (GE), Eaton, Hammond Power Solutions, Hammond Power Solutions, Olsun Electrics Corporation, MGM Transformer Company, Virginia Transformer Corp, Northern Transformer Corporation, Prolec-GE Waukesha, Inc., VanTran Transformers.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 17
2 MARKET INTRODUCTION 21
2.1 DEFINITION 21
2.2 SCOPE OF THE STUDY 21
2.3 RESEARCH OBJECTIVE 21
2.4 MARKET STRUCTURE 22
3 RESEARCH METHODOLOGY 23
3.1 OVERVIEW 23
3.2 DATA FLOW 25
3.2.1 DATA MINING PROCESS 26
3.3 PURCHASED DATABASE: 27
3.4 SECONDARY SOURCES: 28
3.4.1 SECONDARY RESEARCH DATA FLOW: 29
3.5 PRIMARY RESEARCH: 30
3.5.1 PRIMARY RESEARCH DATA FLOW: 31
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: 32
3.6.1 TRADE ANALYSIS APPROACH 32
3.7 DATA FORECASTING 32
3.7.1 DATA FORECASTING TECHNIQUE 33
3.8 DATA MODELING 34
3.8.1 DATA MODELING: 34
3.9 TEAMS AND ANALYST CONTRIBUTION 36
4 MARKET DYNAMICS 38
4.1 INTRODUCTION 38
4.2 DRIVERS 38
4.2.1 INCREASING ENERGY DEMANDS FROM INDU.S.TRIES AND UPGRADING OLD TRANSMISSION AND DISTRIBUTION SYSTEMS 38
4.2.2 RAPID ADOPTION OF SMART GRID TECHNOLOGY 40
4.3 RESTRAINTS 41
4.3.1 INSTABILITY IN RAW MATERIAL PRICES 41
4.3.2 RESTRAINT IMPACT ANALYSIS (2023-2032) 42
4.4 OPPORTUNITY 43
4.4.1 ESCALATING POPULATION AND ELECTRICITY DEMAND 43
4.5 IMPACT ANALYSIS OF COVID-19 44
4.5.1 IMPACT ON NORTH AMERICA TRANSFORMERS MARKET SIZE 44
4.5.2 IMPACT ON MARKET DEMAND OF NORTH AMERICA TRANSFORMERS 44
5 MARKET FACTOR ANALYSIS 46
5.1 SUPPLY/VALUE CHAIN ANALYSIS 46
5.1.1 RAW MATERIAL SUPPLIERS 47
5.1.2 MANUFACTURERS 47
5.1.3 DISTRIBUTION AND SALES CHANNEL 47
5.1.4 END USERS 48
5.2 PORTER'S FIVE FORCES MODEL 48
5.2.1 THREAT OF NEW ENTRANTS 49
5.2.2 BARGAINING POWER OF SUPPLIERS 49
5.2.3 THREAT OF SUBSTITUTES 49
5.2.4 BARGAINING POWER OF BUYERS 49
5.2.5 INTENSITY OF RIVALRY 50
6 NORTH AMERICA TRANSFORMER MARKET, BY TYPE 51
6.1 INTRODUCTION 51
6.2 DRY-TYPE TRANSFORMER 52
6.3 OIL-FILLED TRANSFORMER 52
7 NORTH AMERICA TRANSFORMERS MARKET, BY POWER RATING 53
7.1 INTRODUCTION 53
7.2 <<500 KVA 54
7.3 500 KVA-2500 KVA 54
7.4 2500 KVA-10,000 KVA 54
7.5 >10,000 KVA 54
8 NORTH AMERICA TRANSFORMERS MARKET, BY PHASE 55
8.1 INTRODUCTION 55
8.2 SINGLE PHASE 56
8.3 THREE PHASE 56
9 NORTH AMEIRCA TRANSFORMER MARKET, BY VOLTAGE 57
9.1 INTRODUCTION 57
9.2 LOW 58
9.3 MEDIUM 58
9.4 HIGH 58
10 NORTH AMEIRCA TRANSFORMER MARKET, BY MOUNTING 59
10.1 INTRODUCTION 59
10.2 PAD 60
10.3 POLE 60
11 NORTH AMERICA TRANSFORMER MARKET, BY END-USER 61
11.1 INTRODUCTION 61
11.2 INDUSTRIAL 62
11.3 UTILITY 62
11.4 RESIDENTIAL & COMMERCIAL 62
12 NORTH AMERICA TRANSFORMERS MARKET, BY COUNTRY 63
12.1.1 US 64
12.1.2 CANADA 66
12.1.3 MEXICO 67
13 COMPETITIVE LANDSCAPE 70
13.1 INTRODUCTION 70
13.2 COMPANY MARKET SHARE ANALYSIS, 2022 (%) 71
13.3 COMPETITIVE BENCHMARKING 72
13.4 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE NORTH AMERICA TRANSFORMERS MARKET 73
13.5 LIST OF TIER II AND TIER III COMPANIES 73
13.6 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2022 74
13.7 KEY DEVELOPMENTS & GROWTH STRATEGIES 74
13.7.1 MERGER & ACQUISITION 74
13.7.2 JOINT VENTURES 75
13.7.3 CAPACITY EXPANSION 75
13.7.4 INVESTMENT 76
14 COMPANY PROFILES 77
14.1 GENERAL ELECTRIC 77
14.1.1 COMPANY OVERVIEW 77
14.1.2 FINANCIAL OVERVIEW 78
14.1.3 PRODUCTS OFFERED 78
14.1.4 KEY DEVELOPMENTS 79
14.1.5 SWOT ANALYSIS 79
14.1.6 KEY STRATEGY 80
14.2 EATON CORPORATION 81
14.2.1 COMPANY OVERVIEW 81
14.2.2 FINANCIAL OVERVIEW 82
14.2.3 PRODUCTS OFFERED 82
14.2.4 KEY DEVELOPMENTS 84
14.2.5 SWOT ANALYSIS 84
14.2.6 KEY STRATEGY 85
14.3 HAMMOND POWER SOLUTIONS 86
14.3.1 COMPANY OVERVIEW 86
14.3.2 FINANCIAL OVERVIEW 87
14.3.3 PRODUCTS OFFEREDX 88
14.3.4 KEY DEVELOPMENTS 88
14.3.5 SWOT ANALYSIS 89
14.3.6 KEY STRATEGY 89
14.4 WEG 90
14.4.1 COMPANY OVERVIEW 90
14.4.2 FINANCIAL OVERVIEW 91
14.4.3 PRODUCTS OFFERED 91
14.4.4 KEY DEVELOPMENTS 92
14.4.5 SWOT ANALYSIS 93
14.4.6 KEY STRATEGY 93
14.5 OLSUN ELECTRICS CORPORATION 94
14.5.1 COMPANY OVERVIEW 94
14.5.2 FINANCIAL OVERVIEW 95
14.5.3 PRODUCTS OFFERED 95
14.5.4 KEY DEVELOPMENTS 95
14.5.5 SWOT ANALYSIS 96
14.5.6 KEY STRATEGY 96
14.6 MGM TRANSFORMER COMPANY 97
14.6.1 COMPANY OVERVIEW 97
14.6.2 FINANCIAL OVERVIEW 97
14.6.3 PRODUCTS OFFERED 98
14.6.4 KEY DEVELOPMENTS 98
14.6.5 SWOT ANALYSIS 99
14.6.6 KEY STRATEGY 99
14.7 VIRGINIA TRANSFORMER CORP 100
14.7.1 COMPANY OVERVIEW 100
14.7.2 FINANCIAL OVERVIEW 100
14.7.3 PRODUCTS OFFERED 100
14.7.4 KEY DEVELOPMENTS 101
14.7.5 SWOT ANALYSIS 101
14.7.6 KEY STRATEGY 101
14.8 NORTHERN TRANSFORMER CORPORATION 102
14.8.1 COMPANY OVERVIEW 102
14.8.2 FINANCIAL OVERVIEW 102
14.8.3 PRODUCTS OFFERED 102
14.8.4 KEY DEVELOPMENTS 103
14.8.5 SWOT ANALYSIS 103
14.8.6 KEY STRATEGY 103
14.9 PROLEC-GE WAUKESHA, INC. 104
14.9.1 COMPANY OVERVIEW 104
14.9.2 PROLEC-GE WAUKESHA, INC. CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 104
14.9.3 PRODUCTS OFFERED 105
14.9.4 KEY DEVELOPMENTS 105
14.9.5 SWOT ANALYSIS 106
14.9.6 KEY STRATEGY 106
14.10 VANTRAN TRANSFORMERS 107
14.10.1 COMPANY OVERVIEW 107
14.10.2 FINANCIAL OVERVIEW 107
14.10.3 PRODUCTS OFFERED 108
14.10.4 KEY DEVELOPMENTS 108
14.10.5 SWOT ANALYSIS 109
14.10.6 KEY STRATEGY 109
LIST OF TABLES
TABLE 1 QFD MODELING FOR MARKET SHARE ASSESSMENT 34
TABLE 2 NORTH AMERICA TRANSFORMER MARKET, BY TYPE, 2018-2032 (USD MILLION) 51
TABLE 3 NORTH AMERICA TRANSFORMERS MARKET, BY POWER RATING, 2018-2032 (USD MILLION) 53
TABLE 4 NORTH AMERICA TRANSFORMERS MARKET, BY PHASE, 2018-2032 (USD MILLION) 55
TABLE 5 NORTH AMEIRCA TRANSFORMER MARKET, BY VOLTAGE, 2018-2032 (USD MILLION) 57
TABLE 6 NORTH AMEIRCA TRANSFORMER MARKET, BY MOUNTING, 2018-2032 (USD MILLION) 59
TABLE 7 NORTH AMERICA TRANSFORMER MARKET, BY END-USER, 2018-2032 (USD MILLION) 61
TABLE 8 NORTH AMERICA TRANSFORMERS MARKET, BY COUNTRY, 2018-2032 (USD MILLION) 64
TABLE 9 US: TRANSFORMERS MARKET, BY TYPE, 2018-2032 (USD MILLION) 64
TABLE 10 US TRANSFORMERS MARKET, BY POWER RATING, 2018-2032 (USD MILLION) 64
TABLE 11 US TRANSFORMERS MARKET, BY PHASE, 2018-2032 (USD MILLION) 65
TABLE 12 US TRANSFORMER MARKET, BY VOLTAGE, 2018-2032 (USD MILLION) 65
TABLE 13 US TRANSFORMER MARKET, BY MOUNTING, 2018-2032 (USD MILLION) 65
TABLE 14 US TRANSFORMER MARKET, BY END-USER, 2018-2032 (USD MILLION) 65
TABLE 15 CANADA: TRANSFORMERS MARKET, BY TYPE, 2018-2032 (USD MILLION) 66
TABLE 16 CANADA TRANSFORMERS MARKET, BY POWER RATING, 2018-2032 (USD MILLION) 66
TABLE 17 CANADA TRANSFORMERS MARKET, BY PHASE, 2018-2032 (USD MILLION) 66
TABLE 18 CANADA TRANSFORMER MARKET, BY VOLTAGE, 2018-2032 (USD MILLION) 66
TABLE 19 CANADA TRANSFORMER MARKET, BY MOUNTING, 2018-2032 (USD MILLION) 67
TABLE 20 CANADA TRANSFORMER MARKET, BY END-USER, 2018-2032 (USD MILLION) 67
TABLE 21 MEXICO: TRANSFORMERS MARKET, BY TYPE, 2018-2032 (USD MILLION) 67
TABLE 22 MEXICO TRANSFORMERS MARKET, BY POWER RATING, 2018-2032 (USD MILLION) 67
TABLE 23 MEXICO TRANSFORMERS MARKET, BY PHASE, 2018-2032 (USD MILLION) 68
TABLE 24 MEXICO TRANSFORMER MARKET, BY VOLTAGE, 2018-2032 (USD MILLION) 68
TABLE 25 MEXICO TRANSFORMER MARKET, BY MOUNTING, 2018-2032 (USD MILLION) 68
TABLE 26 MEXICO TRANSFORMER MARKET, BY END-USER, 2018-2032 (USD MILLION) 68
TABLE 27 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE NORTH AMERICA TRANSFORMERS MARKET 73
TABLE 28 GENERAL ELECTRIC: PRODUCTS OFFERED 78
TABLE 29 GENERAL ELECTRIC: KEY DEVELOPMENTS 79
TABLE 30 EATON CORPORATION: PRODUCTS OFFERED 82
TABLE 31 EATON CORPORATION: KEY DEVELOPMENTS 84
TABLE 32 HAMMOND POWER SOLUTIONS: ODUCTS OFFERED 88
TABLE 33 HAMMOND POWER SOLUTIONS: KEY DEVELOPMENTS 88
TABLE 34 WEG: PRODUCTS OFFERED 91
TABLE 35 OLSUN ELECTRICS CORPORATION: PRODUCTS OFFERED 95
TABLE 36 OLSUN ELECTRICS CORPORATION: KEY DEVELOPMENTS 95
TABLE 37 OLSUN ELECTRICS CORPORATION: MGM TRANSFORMER COMPANY: SWOT ANALYSIS 96
TABLE 38 MGM TRANSFORMER COMPANY: PRODUCTS OFFERED 98
TABLE 39 VIRGINIA TRANSFORMER CORP: PRODUCTS OFFERED 100
TABLE 40 NORTHERN TRANSFORMER CORPORATION: KEY DEVELOPMENTS 103
TABLE 41 PROLEC-GE WAUKESHA, INC. CORPORATION: PRODUCTS OFFERED 105
TABLE 42 VANTRAN TRANSFORMERS: PRODUCTS OFFERED 108
LIST OF FIGURES
FIGURE 1 NORTH AMERICA TRANSFORMERS MARKET: STRUCTURE 22
FIGURE 2 NORTH AMERICA TRANSFORMERS MARKET: MARKET GROWTH FACTOR ANALYSIS (2018-2032) 38
FIGURE 3 DRIVER IMPACT ANALYSIS (2023-2032) 41
FIGURE 4 SUPPLY CHAIN: NORTH AMERICA TRANSFORMERS MARKET 46
FIGURE 5 PORTER'S FIVE FORCES ANALYSIS: NORTH AMERICA TRANSFORMER MARKET 48
FIGURE 6 NORTH AMERICA TRANSFORMER MARKET, BY TYPE, SEGMENT ATTARCTIVENESS ANALYSIS 51
FIGURE 7 NORTH AMERICA TRANSFORMER MARKET, BY TYPE, 2022 (% SHARE) 52
FIGURE 8 NORTH AMERICA TRANSFORMERS MARKET, BY POWER RATING, SEGMENT ANALYSIS 53
FIGURE 9 NORTH AMERICA TRANSFORMERS MARKET, BY POWER RATING, 2022 (% SHARE) 54
FIGURE 10 NORTH AMERICA TRANSFORMERS MARKET, BY PHASE, SEGMENT ANALYSIS 55
FIGURE 11 NORTH AMERICA TRANSFORMERS MARKET, BY PHASE, 2022 (% SHARE) 55
FIGURE 12 NORTH AMEIRCA TRANSFORMER MARKET, BY VOLTAGE, SEGMENT ATTARCTIVENESS ANALYSIS 57
FIGURE 13 NORTH AMEIRCA TRANSFORMER MARKET, BY VOLTAGE, 2022 (% SHARE) 58
FIGURE 14 NORTH AMEIRCA TRANSFORMER MARKET, BY MOUNTING, SEGMENT ATTARCTIVENESS ANALYSIS 59
FIGURE 15 NORTH AMEIRCA TRANSFORMER MARKET, BY MOUNTING, 2022 (% SHARE) 60
FIGURE 16 NORTH AMERICA TRANSFORMER MARKET, BY END-USER, SEGMENT ATTARCTIVENESS ANALYSIS 61
FIGURE 17 NORTH AMERICA TRANSFORMER MARKET, BY END-USER, 2022 (% SHARE) 62
FIGURE 18 NORTH AMERICA MARKET: COMPARATIVE ANALYSIS 63
FIGURE 19 NORTH AMERICA MARKET: SWOT ANALYSIS 63
FIGURE 20 NORTH AMERICA: TRANSFORMERS MARKET SHARE, BY COUNTRY, 2022 (% SHARE) 64
FIGURE 21 NORTH AMERICA TRANSFORMERS MARKET MAJOR PLAYERS MARKET SHARE ANALYSIS, 2022 (%) 71
FIGURE 22 BENCHMARKING OF MAJOR COMPETITORS 72
FIGURE 23 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2022 74
FIGURE 24 MERGER & ACQUISITION 74
FIGURE 25 JOINT VENTURES 75
FIGURE 26 CAPACITY EXPANSION 75
FIGURE 27 INVESTMENT 76
FIGURE 28 GENERAL ELECTRIC: SWOT ANALYSIS 79
FIGURE 29 EATON CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 82
FIGURE 30 EATON CORPORATION: SWOT ANALYSIS 84
FIGURE 31 HAMMOND POWER SOLUTIONS: FINANCIAL OVERVIEW SNAPSHOT 87
FIGURE 32 HAMMOND POWER SOLUTIONS: SWOT ANALYSIS 89
FIGURE 33 WEG: SWOT ANALYSIS 93
FIGURE 34 MGM TRANSFORMER COMPANY: SWOT ANALYSIS 99
FIGURE 35 VIRGINIA TRANSFORMER CORP: SWOT ANALYSIS 101
FIGURE 36 NORTHERN TRANSFORMER CORPORATION.: PRODUCTS OFFERED 102
FIGURE 37 NORTHERN TRANSFORMER CORPORATION.: SWOT ANALYSIS 103
FIGURE 38 PROLEC-GE WAUKESHA, INC. CORPORATION: SWOT ANALYSIS 106
FIGURE 39 VANTRAN TRANSFORMERS: SWOT ANALYSIS 109
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