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North America Transformer Market Research Report Information By Type (Dry type and Oil-filled), By Power Rating (<500 kVA, 500 kVA-2500 kVA, 2500 kVA-10,000 kVA and >10,000 kVA), By Phase (Single Phase, Three Phase), By Voltage (Low, Medium, High), By Mounting (Pad, Pole, Others), By End User (Industrial, Utility, Residential & Commercial) and By Country (US, Canada, Mexico) - Forecast to 2032


ID: MRFR/E&P/14541-CR | 128 Pages | Author: Swapnil Palwe| January 2024

North America Transformer Market Segmentation


North America Transformer Market Type Outlook (USD Million, 2018-2032)



  • Dry type

  • Oil-filled


North America Transformer Market Power Rating Outlook (USD Million, 2018-2032)



  • <500 kVA

  • 500 kVA-2500 kVA

  • 2500 kVA-10,000 kVA

  • >10,000 kVA


North America Transformer Market Phase Outlook (USD Million, 2018-2032)



  • Single Phase

  • Three Phase


North America Transformer Market Voltage Outlook (USD Million, 2018-2032)



  • Low

  • Medium

  • High


North America Transformer Market Mounting Outlook (USD Million, 2018-2032)



  • Pad

  • Pole

  • Others


North America Transformer Market End User Outlook (USD Million, 2018-2032)



  • Industrial

  • Utility

  • Residential & Commercial


North America Transformer Market Country Outlook (USD Million, 2018-2032)



  • US

  • Canada

  • Mexico

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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 PORTERโ€™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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