North America Transformer Market Research Report Forecast to 2032

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.

Product Code: MRFR/E&P/14541-CR

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