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North America Power Transformer Market Forecast 2027 By Mounting (Pad, Pole, PC/PCB), By Core (Closed, Shell, Berry), By Cooling (Dry Type, Oil Immersed), By Insulation (Gas, Oil, Solid, Air), By Installation (Outdoor, Indoor), By Rating (< 100 MVA, 101 MVA to 500 MVA, 501 MVA to 800 MVA, > 800 MVA), By Application (Residential & Commercial, Utility, Industrial), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: November 2021 | Publisher: Graphical Research Report ID: GR2020 | Delivery : PDF  Request Free Sample

North America Power Transformer Market size is anticipated to increase exponentially from 2021 to 2027 on account of increasing investment towards integration of heavy power generation units along with regulatory norms for efficient electricity supply system. Stringent government regulations for refurbishment of existing grid infrastructure with advanced systems coupled with ongoing industrialization will augment the market landscape. Regulatory measures for grid frequency combined with positive policies for energy storage technology will further stimulate the industry dynamics.

COVID- 19 significantly impacted the North America power transformer market growth owing to minimal on-site operations and supply chain disruptions during the lockdown. However, post vaccination drive, lockdowns have been removed in phases across the globe, leading to revival of economy. In addition, government efforts toward robust development of the healthcare sector to respond to the crisis will foster the market expansion.

North America Market, By Core

The shell-based power transformer market in North America is estimated to rise significantly through 2027, led by growing deployment of large power generation units and surging load center efforts to stabilize the peak power demand. Rising electricity cost across the commercial sector along with switch over to extra high voltage supply lines will enhance the product penetration. In addition, regulatory focus towards advancements in electric vehicle technology coupled with reliability of power supply will augment the market outlook.

North America Market, By Installation

Outdoor installation segment will dominate the market share till 2027, due to rising investments in energy projects along with growing demand for inhouse captive power requirements. Increasing applicability across medium to high voltage application areas on account of less space requirements and minimal losses will further boost the product deployment. Moreover, extreme temperatures and natural disasters across the region will stimulate the installation of these systems on a regular basis.

North America Market, By Insulation

The air insulated North America power transformer market revenue is anticipated to expand lucratively by 2027, impelled by ongoing government efforts to refurbish the grid infrastructure along with strict environment norms for power generation units. Minimal oil leakages, low space requirements, and efficient cooling during harsh climatic conditions when compared to its available counterparts will fuel the product adoption. Furthermore, the growing deployment of renewable energy units coupled with the expansion of micro-grid networks to limit emissions will drive the market demand.

North America Market, By Country

The U.S. power transformer market size is projected to observe substantial growth rate during the forecast period, propelled by rising electricity demand across mining, cement manufacturing, and petrochemical industries. Strict government electricity supply reforms associated with public and private players will drive the product penetration. For instance, in 2021, WEG established its fifth plant in the U.S. with an increase in the production of power transformers up to 10 MVA. This will enable the company to offer a wide range of power transformers across the country.

Competitive Industry Landscape

Key power transformer manufacturers operating across the North America are Hitachi ABB Power Grids, Atlas Power Transformers, Eaton, Ermco ECI, Hyosung Heavy Industries, DOS Canada Inc, Northern Power transformer, Siemens, Schneider Electric, SPX Power Transformer Solutions, General Electric, and Toshiba International Corporation.

Frequently Asked Question(FAQ) :

The market size for power transformer in North America is expected to exponentially rise through 2027 owing to the surge in investments towards the integration of heavy power generation units and the presence of regulatory norms for efficient electricity supply systems.
A power transformer is mainly a type of transformer that is utilized for transmitting electrical energy in any electronic component or electrical circuit between the distribution primary circuits and the generator.
Outdoor installation of power transformers in North America is likely to capture a dominant market share through 2027, impelled by the surge in investments in energy projects and the increasing demand for in-house captive power requirements.
The industry revenue for power transformer in U.S. is poised to depict substantial growth up to 2027 driven by the growing electricity requirement across the mining, cement manufacturing, and petrochemical sectors.

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