Report Description

The North America Power & Distribution Transformer Market is anticipated to grow robustly in the forecast period 2024-2028. The North American Power & Distribution Transformer Market is projected to be driven by elements like rising industrial energy consumption and modernizing ageing transmission and distribution networks.

A distribution transformer, often referred to as a service transformer, lowers the voltage used in distribution lines to the level utilized by the customer as the last voltage transformation in an electrical power distribution system. The location where cables exit an underground power line or utility pole and enter a customer's property is known as a service drop, and it is here that distribution transformers are often found. They are typically used to supply electricity to facilities outside of communities at voltages lower than 30 kV, such as isolated residences, farmyards, or pumping stations.

Government Regulations Towards Renewable Energy and Increasing Demand of Electricity Is Propelling The Market

The growing number of residential and commercial uses for transformers as well as their low cost are driving up demand for wet insulated power transformers. Two research and development projects that might create attractive market expansion potential include the integration of wet insulating power transformers with smart grids and the installation of renewable energy grids with eco-friendly coolants.

Due to company’s excellent efficiency, these transformers are used in situations where high voltage and low losses are essential factors. They  offer higher insulation and cooling capabilities when compared to dry power transformers, which advances the sector.

Smart grids can quickly adapt to variations in electricity consumption and can be accessed and monitored remotely. They deliver power and cooling efficiently, which reduces carbon emissions. The growth of the North American power and transformer market would be aided by the development of green transformers, high voltage transmission technologies, and stringent government restrictions targeted at reducing greenhouse gas emissions throughout the projected period.

Distribution Transformer Expected to Dominate the Market

The ultimate voltage transformation in the electric power distribution system is provided by a distribution transformer, also known as a service transformer. The voltage applied in distribution lines will then be stepped down to the level used by different clients in the residential, commercial, and industrial sectors.

The existing transmission and distribution system is being upgraded and expanded in North American nations including the United States and Canada. Due to the country's fast urbanization and industrialization, countries like Mexico are intending to expand their energy transmission and distribution systems.

North America produced around 5447.3 Terawatt-Hours (TWh) of power in 2018, which was more than the 5294.4 TWh it produced in 2017. The increase in energy production indicates a rise in the number of power plants, and these new distribution transformers are being used to transmit electricity to consumers.

High Maintenance and Fluctuating Raw Material Cost

Steel, aluminum, and copper are the main components used to make power transformers. Due to an increase in the overall cost of these raw materials, the sale of power transformers will be restricted in low- and middle-income countries. Due to changes in the raw material supply and disruptions caused by pandemics in the distribution and supply networks, power transformers are more expensive than conventional power distribution systems. High-power transformer installation and maintenance expenses in comparison to present power distribution systems are anticipated to limit the market's growth. Raw material prices are predicted to fluctuate.


Download Free Sample Report

Market Segmentation

The North America Power & Distribution Transformer Market is segmented based on type, rating, end user, and phase. Based on Type, the market is segmented into power transformer & distribution transformer. Based on Rating, the market is segmented into upto 100 kVA, 100.1-500kVA, 500.1-1000kVA, 1000.1-5000kVA, 5.1-100MVA, 100.1-500MVA, Above 500MVA, Based on End User, the market is segmented into residential, commercial, industrial, and utility. Based on phase, the market is divided into single phase and three phase, based on insulation, the market is divided into oil immersed & dry.

Market player

Major players operating in the North America Power & Distribution Transformer Market are ABB Ltd, Crompton Greaves Ltd, Hitachi Ltd, Mitsubishi Electric Corporation, General Electric Corporation, Siemens AG, Schneider Electric SE, TBEA Co., Ltd, Toshiba Corporation, Emerson Electric Co.

Recent Developments

  • San Diego Gas & Electric (SDG&E) was given permission to build the Artesian 230-kV Substation Expansion Project in San Diego County, California, in 2019 by the California Public Utilities Commission. The commission noted that SDG&E's stated objective for the proposed project is to construct a new substation to satisfy the strict dependability requirements of the North American Electric Reliability Corporation (NERC). The project is anticipated to be situated in the county's western region, with portions inside the City of San Diego.
  • The West Ashville substation project in New York was launched by National Grid in 2019. The action was made in response to low voltage issues that would arise on the current electric transmission system if the local load increased quickly. National Grid made the decision to build a new substation in the Town of Harmony to relieve strain on the current system to increase reliability in the area.

Attribute

Details

Base Year

2022

Historic Data

2018– 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, value, and CAGR for 2018 -2022 and 2023 – 2028

Report coverage

Revenue forecast, Company Share, growth factors, and trends

Segments covered

By Type

By Rating

By End User

By Phase

By Insulation

By Country

Regional scope

North America

Country scope

United States, Canada, Mexico

Key companies profiled

ABB Ltd, Crompton Greaves Ltd, Hitachi Ltd, Mitsubishi Electric Corporation, General Electric Corporation, Siemens AG, Schneider Electric SE, TBEA Co., Ltd, Toshiba Corporation, Emerson Electric Co.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, North America Power & Distribution Transformer Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

            o   Power & Distribution Transformer Market, By Type:

o   Power Transformer

o   Distribution Transformer

            o   Power & Distribution Transformer Market, By Rating:

o   upto 100 kVA

o   100.1-500kVA

o   500.1-1000kVA

o   1000.1-5000kVA

o   5.1-100MVA

o   100.1-500MVA

o   Above 500MVA

            o   Power & Distribution Transformer Market, By End User:

o   Residential

o   Commercial

o   Industrial

o   Utility

            o   Power & Distribution Transformer Market, By Phase:

o   Single Phase

o   Three Phase

            o   Power & Distribution Transformer Market, By Insulation

o   Oil Immersed

o   Dry

            o   Power & Distribution Transformer Market, By Country:

o   United States

o   Canada

o   Mexico

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the North America Power & Distribution Transformer Market

Available Customizations:

North America Power & Distribution Transformer Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

The North America Power & Distribution Transformer Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.     Market Definition

1.2.     Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Impact of COVID-19 on North America Power & Distribution Transformer Market

4.    Executive Summary

5.    Voice of Customers

6.    North America Power & Distribution Transformer Market Outlook

6.1.  North America Primary Energy Consumption Outlook

6.1.1.    North America Primary Energy Consumption (Exajoules)

6.1.2.    North America Primary Energy Consumption Per Capita (Gigajoule per capita)

6.1.3.    North America Primary Energy Consumption by Fuel (%)

6.2.  Market Size & Forecast

6.2.1.    By Value

6.3.  Market Share & Forecast

6.3.1.    By Type (Power Transformer & Distribution Transformer)

6.3.2.    By Rating (upto 100 kVA, 100.1-500kVA, 500.1-1000kVA, 1000.1-5000kVA, 5.1-100MVA, 100.1-500MVA, Above 500MVA)

6.3.3.    By End User (Residential, Commercial, Industrial and Utility)

6.3.4.    By Phase (Single Phase and Three Phase)

6.3.5.    By Insulation (Oil Immersed & Dry)

6.3.6.    By Country (United States, Canada, Mexico)

6.3.7.    By Company

6.4.  Market Map

7.    United States Power & Distribution Transformer Market Outlook

7.1.  United States Primary Energy Consumption Outlook

7.1.1.    United States Primary Energy Consumption (Exajoules)

7.1.2.    United States Primary Energy Consumption Per Capita (Gigajoule per capita)

7.1.3.    United States Primary Energy Consumption by Fuel (%)

7.2.  United States Economic Profile

7.3.  Market Size & Forecast

7.3.1.                By Value

7.4.  Market Share & Forecast

7.4.1.                By Type

7.4.2.                By Rating

7.4.3.                By End User

7.4.4.                By Phase

7.4.5.                By Insulation

8.    Canada Power & Distribution Transformer Market Outlook

8.1.  Canada Primary Energy Consumption Outlook

8.1.1.    Canada Primary Energy Consumption (Exajoules)

8.1.2.    Canada Primary Energy Consumption Per Capita (Gigajoule per capita)

8.1.3.    Canada Primary Energy Consumption by Fuel (%)

8.2.  Canada Economic Profile

8.3.  Market Size & Forecast

8.3.1.                By Value

8.4.  Market Share & Forecast

8.4.1.                By Type

8.4.2.                By Rating

8.4.3.                By End User

8.4.4.                By Phase

8.4.5.                By Insulation

9.    Mexico Power & Distribution Transformer Market Outlook

9.1.  Mexico Primary Energy Consumption Outlook

9.1.1.    Mexico Primary Energy Consumption (Exajoules)

9.1.2.    Mexico Primary Energy Consumption Per Capita (Gigajoule per capita)

9.1.3.    Mexico Primary Energy Consumption by Fuel (%)

9.2.  Mexico Economic Profile

9.3.  Market Size & Forecast

9.3.1.                By Value

9.4.  Market Share & Forecast

9.4.1.                By Type

9.4.2.                By Rating

9.4.3.                By End User

9.4.4.                By Phase

9.4.5.                By Insulation

10. Market Dynamics

10.1. Drivers

10.2. Challenges

11. Market Trends & Developments

11.1. Growing adoption of three-phase power transformers

11.2. Rising construction of new projects in North America

12. Policy & Regulatory Landscape

13. Company Profiles

13.1. ABB Ltd.

13.1.1.             Business Overview

13.1.2.             Key Revenue and Financials

13.1.3.             Recent Developments

13.1.4.             Key Personnel

13.1.5.             Key Product/Services

13.2. Crompton Greaves Ltd.

13.2.1.             Business Overview

13.2.2.             Key Revenue and Financials

13.2.3.             Recent Developments

13.2.4.             Key Personnel

13.2.5.             Key Product/Services

13.3. Hitachi Ltd.

13.3.1.             Business Overview

13.3.2.             Key Revenue and Financials

13.3.3.             Recent Developments

13.3.4.             Key Personnel

13.3.5.             Key Product/Services

13.4. Mitsubishi Electric Corporation

13.4.1.             Business Overview

13.4.2.             Key Revenue and Financials

13.4.3.             Recent Developments

13.4.4.             Key Personnel

13.4.5.             Key Product/Services

13.5. General Electric Corporation

13.5.1.             Business Overview

13.5.2.             Key Revenue and Financials

13.5.3.             Recent Developments

13.5.4.             Key Personnel

13.5.5.             Key Product/Services

13.6. Siemens AG

13.6.1.             Business Overview

13.6.2.             Key Revenue and Financials

13.6.3.             Recent Developments

13.6.4.             Key Personnel

13.6.5.             Key Product/Services

13.7. Schneider Electric SE

13.7.1.             Business Overview

13.7.2.             Key Revenue and Financials

13.7.3.             Recent Developments

13.7.4.             Key Personnel

13.7.5.             Key Product/Services

13.8. TBEA Co., Ltd.

13.8.1.             Business Overview

13.8.2.             Key Revenue and Financials

13.8.3.             Recent Developments

13.8.4.             Key Personnel

13.8.5.             Key Product/Services

13.9. Toshiba Corporation

13.9.1.             Business Overview

13.9.2.             Key Revenue and Financials

13.9.3.             Recent Developments

13.9.4.             Key Personnel

13.9.5.             Key Product/Services

13.10.          Emerson Electric Co.

13.10.1.          Business Overview

13.10.2.          Key Revenue and Financials

13.10.3.          Recent Developments

13.10.4.          Key Personnel

13.10.5.          Key Product/Services

14. Strategic Recommendations

14.1.    Fastest Growing Market by Type

14.2.    Dominating Market by End User

14.3.    Dominating Market by Country

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

down-arrow

Both the potential transformer (PT), commonly referred to as the voltage transformer, and the current transformer (CT) are measurement devices. A CT reduces current signals to measure something, whereas a PT changes high voltage values into lower ones. The transformers are used to evaluate the precision and safety of electrical systems.

down-arrow

Much like the copper loss, or I2R loss, the iron loss, also known as the core loss, is determined by the voltage of the transformer. As a result, volt-ampere (VA) alone, rather than the load's power factor, determines the overall losses in a transformer. Because of this, the transformer rating is stated in kVA rather than kW.

down-arrow

According to their power rating and specification, power transformers can be further split into three groups- small power transformers, medium power transformers, and big power transformers.

down-arrow

Power transformers have a voltage rating of more than 1 kV and can withstand short circuit currents up to a few hundred amps. In contrast, distribution transformers have a voltage rating of less than 1 kV and can withstand short circuit currents up to tens of amps (10 Ampere).

profile

Parvati Sharma

Account Manager BD
Press Release

North America Power & Distribution Transformer Market is Expected to be Dominated by Industrial Segment During the Forecast Period

May, 2023

Growing transmission network research and rising investments in renewable energy sources are the major factors propelling the market growth in the forecast period.