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North America Distribution Transformer Market Size, Share & Trends Analysis Report By Insulation Type (Immersed, and Dry), By End-Use Industry, By Product Type, By Power Rating, By Phase Type (Three Phase, and Single Phase), By Country and Growth Forecast

Publisher Knowledge Based Value (KBV) Research
Published May 31, 2024
Length 137 Pages
SKU # KBV18864319

Description

North America Distribution Transformer Market Size, Share & Trends Analysis Report By Insulation Type (Immersed, and Dry), By End-Use Industry, By Product Type, By Power Rating, By Phase Type (Three Phase, and Single Phase), By Country and Growth Forecast, 2024 - 2031


The North America Distribution Transformer Market would witness market growth of 5.8% CAGR during the forecast period (2024-2031).

The US market dominated the North America Distribution Transformer Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $7,984.8 million by 2031. The Canada market is experiencing a CAGR of 7.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7.3% during (2024 - 2031).

The market is a cornerstone of the electrical infrastructure, serving as the vital link between power generation and end-users. These transformers are pivotal in transmitting electricity safely and efficiently from substations to residential, commercial, and industrial consumers. As countries grapple with the challenges of modernizing energy grids, ensuring reliability, and embracing sustainable practices, the market finds itself at the forefront of technological advancements and innovations.

Additionally, the adoption of these transformers continues to surge, propelled by rapid urbanization, industrialization, and electrification efforts. Developing regions, in particular, are witnessing exponential growth in demand for electricity, driving the installation of these transformers to expand and upgrade existing power infrastructure. Meanwhile, developed economies focus on enhancing grid resilience, integrating renewable energy sources, and implementing smart grid technologies, further stimulating demand for advanced transformers.

Canada has been experiencing a gradual increase in distributed solar installations, including residential, commercial, and community-based projects. These installations often require local distribution infrastructure, including these transformers, to connect solar arrays to the grid. As the number of distributed solar installations grows, so does the demand for these transformers at various voltage levels. As per the data published in 2023 by Statistics Canada, solar power fed the electricity grid in seven provinces and two territories in 2022. The province with the highest solar energy production in 2022 was Ontario (2.3 million MWh), followed by sunny Alberta (851,374 MWh) and Saskatchewan (30,097 MWh). Since 2017, the amount of solar electricity generated nationally has increased by over half (+55.7%) to 3.2 million MWh. Hence, the rising renewable energy sectors in North America will drive the demand for these transformers in the region.

Based on Insulation Type, the market is segmented into Immersed, and Dry. Based on End-Use Industry, the market is segmented into Industrial, Commercial, Power Utility, and Residential. Based on Product Type, the market is segmented into Pad Mounted, Pole Mounted, and Underground Vault. Based on Power Rating, the market is segmented into 2,501 kVA to 10,000 kVA, Upto 500 kVA, 501 kVA to 2,500 kVA, and More than 10,000 kVA. Based on Phase Type, the market is segmented into Three Phase, and Single Phase. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled
  • Fuji Electric Co. Ltd.
  • General Electric Company
  • ABB Ltd.
  • Eaton Corporation PLC
  • Toshiba Corporation
  • Schneider Electric SE
  • Siemens AG
  • Mitsubishi Electric Corporation
  • Kirloskar Electric Co. Ltd.
  • Bharat Heavy Electricals Ltd.
North America Distribution Transformer Market Report Segmentation

By Insulation Type
  • Immersed
  • Dry
By End-Use Industry
  • Industrial
  • Commercial
  • Power Utility
  • Residential
By Product Type
  • Pad Mounted
  • Pole Mounted
  • Underground Vault
By Power Rating
  • 2,501 kVA to 10,000 kVA
  • Upto 500 kVA
  • 501 kVA to 2,500 kVA
  • More than 10,000 kVA
By Phase Type
  • Three Phase
  • Single Phase
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

137 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Distribution Transformer Market, by Insulation Type
1.4.2 North America Distribution Transformer Market, by End-Use Industry
1.4.3 North America Distribution Transformer Market, by Product Type
1.4.4 North America Distribution Transformer Market, by Power Rating
1.4.5 North America Distribution Transformer Market, by Phase Type
1.4.6 North America Distribution Transformer Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. North America Distribution Transformer Market by Insulation Type
4.1 North America Immersed Market by Region
4.2 North America Dry Market by Region
Chapter 5. North America Distribution Transformer Market by End-Use Industry
5.1 North America Industrial Market by Country
5.2 North America Commercial Market by Country
5.3 North America Power Utility Market by Country
5.4 North America Residential Market by Country
Chapter 6. North America Distribution Transformer Market by Product Type
6.1 North America Pad Mounted Market by Country
6.2 North America Pole Mounted Market by Country
6.3 North America Underground Vault Market by Country
Chapter 7. North America Distribution Transformer Market by Power Rating
7.1 North America 2,501 kVA to 10,000 kVA Market by Country
7.2 North America Upto 500 kVA Market by Country
7.3 North America 501 kVA to 2,500 kVA Market by Country
7.4 North America More than 10,000 kVA Market by Country
Chapter 8. North America Distribution Transformer Market by Phase Type
8.1 North America Three Phase Market by Country
8.2 North America Single Phase Market by Country
Chapter 9. North America Distribution Transformer Market by Country
9.1 US Distribution Transformer Market
9.1.1 US Distribution Transformer Market by Insulation Type
9.1.2 US Distribution Transformer Market by End-Use Industry
9.1.3 US Distribution Transformer Market by Product Type
9.1.4 US Distribution Transformer Market by Power Rating
9.1.5 US Distribution Transformer Market by Phase Type
9.2 Canada Distribution Transformer Market
9.2.1 Canada Distribution Transformer Market by Insulation Type
9.2.2 Canada Distribution Transformer Market by End-Use Industry
9.2.3 Canada Distribution Transformer Market by Product Type
9.2.4 Canada Distribution Transformer Market by Power Rating
9.2.5 Canada Distribution Transformer Market by Phase Type
9.3 Mexico Distribution Transformer Market
9.3.1 Mexico Distribution Transformer Market by Insulation Type
9.3.2 Mexico Distribution Transformer Market by End-Use Industry
9.3.3 Mexico Distribution Transformer Market by Product Type
9.3.4 Mexico Distribution Transformer Market by Power Rating
9.3.5 Mexico Distribution Transformer Market by Phase Type
9.4 Rest of North America Distribution Transformer Market
9.4.1 Rest of North America Distribution Transformer Market by Insulation Type
9.4.2 Rest of North America Distribution Transformer Market by End-Use Industry
9.4.3 Rest of North America Distribution Transformer Market by Product Type
9.4.4 Rest of North America Distribution Transformer Market by Power Rating
9.4.5 Rest of North America Distribution Transformer Market by Phase Type
Chapter 10. Company Profiles
10.1 Fuji Electric Co. Ltd.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 SWOT Analysis
10.2 General Electric Company
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 SWOT Analysis
10.3 ABB Ltd.
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 SWOT Analysis
10.4 Eaton Corporation PLC
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 Recent strategies and developments:
10.4.5.1 Acquisition and Mergers:
10.4.6 SWOT Analysis
10.5 Toshiba Corporation
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research and Development Expense
10.5.5 SWOT Analysis
10.6 Schneider Electric SE
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expense
10.6.5 Recent strategies and developments:
10.6.5.1 Partnerships, Collaborations, and Agreements:
10.6.5.2 Product Launches and Product Expansions:
10.6.5.3 Acquisition and Mergers:
10.6.6 SWOT Analysis
10.7 Siemens AG
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expense
10.7.5 SWOT Analysis
10.8 Mitsubishi Electric Corporation
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expense
10.8.5 Recent strategies and developments:
10.8.5.1 Acquisition and Mergers:
10.8.6 SWOT Analysis
10.9 Kirloskar Electric Co. Ltd.
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental Analysis
10.9.4 SWOT Analysis
10.10. Bharat Heavy Electricals Ltd.
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expenses
10.10.5 SWOT Analysis

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