North American Transformer Market size is projected to witness healthy growth between 2021 and 2027, according to a latest forecast report by Graphical Research.
The North America industry will witness an upsurge owing to the ongoing replacement of existing transformers with advanced units and rapid adoption of smart grid technology. Furthermore, a paradigm shift toward the enhancement of installed grid infrastructure in line with increasing electricity demand will augment the industry landscape. Favorable regulatory policies to reduce ATC losses and minimize power theft will foster industry growth.
The indoor transformer industry is anticipated to witness an upsurge owing to rising industrialization and consistent power backup requirements. Increasing small consumers focus and government subsidy installation toward mini-grid infrastructure will propel the business landscape. The large-scale integration of renewable energy sources across the commercial sector and increasing electricity demand will further stimulate the industry scenario.
Browse detailed statistical insights from the report, “North America Transformer Market Forecast 2027 By Product (Distribution Transformer, Power Transformer, Instrument Transformer), By Core (Closed, Shell, Berry), By Winding (Two Winding, Auto Transformer), By Installation (Outdoor, Indoor), By Cooling (Dry Type, Oil Immersed), By Insulation (Gas, Oil, Solid, Air), By Phase (Three Phase, Single Phase), By Rating (≤10 MVA, 11 MVA To 60 MVA, 61 MVA To 600 MVA, >600 MVA), By Mounting (Pad, Pole, PC/PCB), By Application (Residential & Commercial, Utility, Industrial), Research Report, Country Outlook (U.S., Canada, Mexico), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The three-phase transformer segment share will increase owing to ongoing government measures to refurbish grid infrastructure with a smart T&D network and rising peak load demand. Increasing applicability across heavy industrial load application areas along with higher shell life is set to boost the product adoption. Ongoing penetration of electric vehicles by private players and subsequent need for charging stations will energize the industry dynamics.
Pad-mounted transformers are projected to grow owing to rising electricity demand and the requirement of last-mile connectivity to utility consumers. Moreover, the adoption of underground transmission lines against overhead lines is being preferred by utilities, accelerating the business potential. The ongoing adoption of remote power networks augmented with rising investments in micro-grid infrastructure will stimulate the business landscape.
Increasing investments in the steel and cement sector will lead to the upgrade of aging grid infrastructure, which in turn, will propel the Canada transformer industry. Favorable government policies for the development of electric vehicle charging stations and related infrastructure will augment the business landscape. Rising installation of smart electrical equipment coupled with rising proportion of renewable power will favor the business scenario.
The North American transformer market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
North America Market, By Core
North America Market, By Product
- Distribution Transformer
- Power Transformer
- Instrument Transformer
North America Market, By Winding
- Two Winding
- Auto Transformer
North America Market, By Installation
North America Market, By Cooling
- Dry Type
- Oil Immersed
- Water cooled
- Forced Oil
North America Market, By Insulation
North America Market, By Phase
North America Market, By Rating
- ≤ 10 MVA
- 11 to 60 MVA
- 61 MVA to 600 MVA
- > 600 MVA
North America Market, By Mounting
North America Market, By Application
- Residential & Commercial
The above information has been provided for the following countries: