How big is the North America Transformer Market?

The North America Transformer Market size is expected to reach USD 8.86 billion in 2024 and grow at a CAGR of 5.41% to reach USD 11.54 billion by 2029. Read More

What is the current North America Transformer Market size?

In 2024, the North America Transformer Market size is expected to reach USD 8.86 billion. Read More

Who are the key players in North America Transformer Market?

General Electric Company , Schneider Electric SE, Emerson Electric Co., Eaton Corporation PLC and Siemens Energy AG are the major companies operating in the North America Transformer Market. Read More

What years does this North America Transformer Market cover, and what was the market size in 2023?

In 2023, the North America Transformer Market size was estimated at USD 8.41 billion. The report covers the North America Transformer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Transformer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

North American Transformer Market Report | Industry Analysis, Size & Forecast

North American Transformer Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Market Report Covers North American Transformer Manufacturers and is segmented by power rating (small, medium, and large), cooling type (air-cooled and oil-cooled), transformer type (power transformer and distribution transformer), and geography (United States, Canada, and Rest of North America). The market size and forecasts are provided in terms of revenue (USD billion) for all the above segments.

North America Transformer Industry Overview

The North American transformer market is fragmented. Some of the key players in this market include (in no particular order) Siemens Energy AG, Eaton Corporation PLC, General Electric Company, Schneider Electric SE, and Emerson Electric Co., among others.

In April 2022, Siemens Energy strategically launched a new product named Carpole dry type single-phase distribution transformer, which is designed to handle high overloads to facilitate power flow balancing. It provides a reliable and sustainable alternative to oil-filled transformers. The product is environmentally friendly, more reliable, and cost-efficient. This equipment is crucial for power distribution in sophisticated places, such as IT hubs, hospitals, shopping malls, etc.