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US Smart Transformers Market Research Report Information by Type (Power Transformers, Distribution Transformers, Specialty Transformers and Instrument Transformers), Component (Converters, Switches, Transformers, Hardware, and Others), and Application (Tr

Publisher Market Research Future
Published May 09, 2025
Length 83 Pages
SKU # RESFT20051350

Description

At a compound annual growth rate (CAGR) of 11.4%, the US smart transformer market is expected to grow from its 2022 valuation of USD 1,005.5 million to USD 2,275.5 million by the end of 2030. The increasing focus on power grid modernization and the shift to smart grids is the main driver of the US smart transformer market's expansion. The necessity for sophisticated technology to optimize power distribution and the efficiency of smart transformers in assisting in tackling the issues connected with the expanding energy demand is being created by the growing population, urbanization, and industry. To lower losses and improve system performance overall, utilities and energy corporations are concentrating on increasing energy efficiency. Because of their superior capabilities that contribute to increased system efficiency, this factor is further propelling the growth of the smart transformer market.

A smart transformer is a highly effective electrical equipment with cutting-edge technology that improves power distribution performance, control, and monitoring. In contrast to conventional transformers, smart transformers combine cutting-edge technologies and communication features to maximize energy flow, enhance dependability, and facilitate data-driven decision-making in real time.

Segmentation of the Market
The market for smart transformers in the US has been divided into three segments: type, component, and application. The US market for smart transformers has been divided into four segments based on type: instrument transformers, distribution transformers, specialty transformers, and power transformers. With a 56.70% market share in 2022, the power transformers category led this group. It is anticipated to grow at a compound annual growth rate (CAGR) of 12% over the course of the study period, reaching USD 1,340.3 million by 2030. Converters, Switches, Transformers, Hardware, and Others are the different segments of the US smart transformers market. With a 38.59% market share in 2022, the transformers category led the industry. The US market for smart transformers is divided into four segments based on application: electric vehicle charging, smart grid, traction locomotives, and others. In 2022, the market was dominated by the electric vehicle charging category, which held a 35.37% market share.

Key Players
ABB, Siemens, Schneider Electric, General Electric, Hitachi Energy, Toshiba Corporation, Virginia Transformer Corp., ELSCO Transformers, and Mitsubishi Electric are some of the leading companies in the market.

Table of Contents

83 Pages
1 Executive Summary
1.1 Us Smart Transformers Market, By Type
1.2 Us Smart Transformers Market, By Component
1.3 Us Smart Transformers Market, By Application
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Top-down And Bottom-up Approach
3.6 Forecast Model
3.7 List Of Assumptions & Limitations
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increasing Focus On Alternative Energy Production
4.2.2 Increasing Demand For Smart Grids
4.2.3 Drivers Impact Analysis
4.3 Restraint
4.3.1 High Initial Cost Incurred In The Installation Of Smart Transformers
4.3.2 Restraint Impact Analysis
4.4 Opportunity
4.4.1 Growth Of The Electric Vehicle Market And The Allied Infrastructure
5 Market Factor Analysis
5.1 Supply Chain Analysis
5.1.1 Research And Development
5.1.2 Raw Material Supply
5.1.3 Manufacturers
5.1.4 Distribution Channel
5.1.5 End-use Industries
5.2 Porter’s Five Forces Model
5.2.1 Threat Of New Entrants
5.2.2 Threat Of Substitutes
5.2.3 Bargaining Power Of Suppliers
5.2.4 Bargaining Power Of Buyers
5.2.5 Intensity Of Rivalry
5.3 Impact Of Covid 19 On Energy & Power Market
5.3.1 Impact On Overall Energy & Power Industry
5.3.1.1 Economic Impact
5.3.2 Impact On Smart Transformers Market
5.3.3 Impact On Supply Chain Of Smart Transformers Market
5.3.3.1 Price Variation Of Key Raw Material
5.3.3.2 Production Shutdown
5.3.3.3 Cash Flow Constraints
5.3.3.4 Impact On Import/Export
5.3.4 Impact On Market Demand Of Smart Transformers Market
5.3.4.1 Impact Due To Restriction/Lockdown
5.3.4.2 Consumer Sentiments
5.3.5 Impact On Pricing Of Smart Transformers Market
6 Us Smart Transformer Market, By Type
6.1 Overview
6.1.1 Us Smart Transformer: Market Estimates & Forecast By Type, 2019–2030
6.2 Power Transformers
6.3 Distribution Transformers
6.4 Specialty Transformers
6.5 Instrument Transformers
7 Us Smart Transformer Market, By Component
7.1 Overview
7.1.1 Us Smart Transformer: Market Estimates & Forecast By Component, 2019–2030
7.2 Converters
7.3 Switches
7.4 Transformers
7.5 Hardware
7.6 Others
8 Us Smart Transformer Market, By Application
8.1 Overview
8.1.1 Us Smart Transformer: Market Estimates & Forecast By Application, 2019–2030
8.2 Traction Locomotive
8.3 Smart Grid
8.4 Electric Vehicle Charging
8.5 Others
9.2 Major Growth Strategies In The Us Smart Transformers Market
9.3 Market Share Analysis, 2022
9.4 Competitive Dashboard
9.5 The Leading Player In Terms Of Number Of Developments In Us Smart Transformers Market
9.6 Key Developments & Growth Strategies
9.6.1 New Product Development
9.6.2 Mergers & Acquisitions
9.6.3 Contracts & Agreements
9.6.4 Expansions & Investments
10 Company Profiles
10.1 Abb
10.1.1 Company Overview
10.1.2 Financial Overview
10.1.3 Products Offered
10.1.4 Key Developments
10.1.5 Swot Analysis
10.1.6 Key Strategies
10.2 Eaton
10.2.1 Company Overview
10.2.2 Financial Overview
10.2.3 Products Offered
10.2.4 Key Developments
10.2.5 Swot Analysis
10.2.6 Key Strategies
10.3 Schneider Electric Se
10.3.1 Company Overview
10.3.2 Financial Overview
10.3.3 Products Offered
10.3.4 Key Developments
10.3.5 Swot Analysis
10.3.6 Key Strategies
10.4 General Electric
10.4.1 Company Overview
10.4.2 Financial Overview
10.4.3 Products Offered
10.4.4 Key Developments
10.4.5 Swot Analysis
10.4.6 Key Strategies
10.5 Mitsubishi Electric
10.5.1 Company Overview
10.5.2 Financial Overview
10.5.3 Products Offered
10.5.4 Key Developments
10.5.5 Swot Analysis
10.5.6 Key Strategies
10.6 Siemens Energy
10.6.1 Company Overview
10.6.2 Financial Overview
10.6.3 Products Offered
10.6.4 Key Developments
10.6.5 Swot Analysis
10.6.6 Key Strategies
10.7 Elsco Transformers
10.7.1 Company Overview
10.7.2 Financial Overview
10.7.3 Products Offered
10.7.4 Key Developments
10.7.5 Swot Analysis
10.7.6 Key Strategies
10.8 Hitachi Energy
10.8.1 Company Overview
10.8.2 Financial Overview
10.8.3 Products Offered
10.8.4 Key Developments
10.8.5 Swot Analysis
10.8.6 Key Strategies
10.9 Toshiba Corporation
10.9.1 Company Overview
10.9.2 Financial Overview
10.9.3 Products Offered
10.9.4 Key Developments
10.9.5 Swot Analysis
10.9.6 Key Strategies
10.10 Virginia Transformer Corp.
10.10.1 Company Overview
10.10.2 Financial Overview
10.10.3 Products Offered
10.10.4 Key Developments
10.10.5 Swot Analysis
10.10.6 Key Strategies
11 Appendix
11.1 References
11.2 Related Reports
List Of Tables
Table 1 List Of Assumptions & Limitations
Table 2 Us Smart Transformer Market Estimates & Forecast, By Type, 2019–2030 (Usd Million)
Table 3 Us Smart Transformer Market Estimates & Forecast, By Component, 2019–2030 (Usd Million)
Table 4 Us Smart Transformer Market Estimates & Forecast, By Application, 2019–2030 (Usd Million)
Table 5 The Most Active Player In The Us Smart Transformers Market
Table 6 New Product Development
Table 7 Mergers & Acquisitions
Table 8 Contracts & Agreements
Table 9 Expansions & Investments
Table 10 Abb: Products Offered
Table 11 Abb: Key Developments
Table 12 Eaton.: Products Offered
Table 13 Eaton: Key Developments
Table 14 Schneider Electric Se: Products Offered
Table 15 Schneider Electric Se: Key Developments
Table 16 General Electric: Product Offered
Table 17 General Electric: Key Developments
Table 18 Mitsubishi Electric: Products Offered
Table 19 Mitsubishi Electric: Key Developments
Table 20 Siemens Energy: Products Offered
Table 21 Elsco Transformers.: Products Offered
Table 22 Hitachi Energy: Products Offered
Table 23 Toshiba Corporation: Products Offered
Table 24 Virginia Transformer Corp.: Products Offered
Table 25 Virginia Transformer Corp.: Key Developments
List Of Figures
Figure 1 Market Synopsis
Figure 2 Us Smart Transformers Market Analysis, By Type
Figure 3 Us Smart Transformers Market Analysis, By Component
Figure 4 Us Smart Transformers Market Analysis, By Application
Figure 5 Us Smart Transformers Market: Market Structure
Figure 6 Research Process Of Mrfr
Figure 7 Market Dynamics Overview
Figure 8 Electricity Generated In Us By Using Renewable Energy Sources In 2021 (In Gwh)
Figure 9 Investment Spending On Electricity Grids In Us, 2018-2022 (In Usd Billion)
Figure 10 Drivers Impact Analysis: Us Smart Transformers Market
Figure 11 Restraint Impact Analysis: Us Smart Transformers Market
Figure 12 Electric Car Sales In Us, 2018-2022 (In Millions)
Figure 13 Supply Chain: Us Smart Transformers Market
Figure 15 Us Smart Transformer Market, By Type, 2019 To 2030 (Usd Million)
Figure 16 Us Smart Transformer Market, By Component 2019 To 2030 (Usd Million)
Figure 17 Us Smart Transformer Market, By Application, 2019 To 2030 (Usd Million)
Figure 18 Major Growth Strategies In The Us Smart Transformers Market
Figure 19 Us Smart Transformers Major Players Market Share Analysis, 2022 (%)
Figure 20 Competitive Dashboard
Figure 21 Abb: Financial Overview Snapshot
Figure 22 Abb: Swot Analysis
Figure 23 Eaton: Financial Overview Snapshot
Figure 24 Eaton.: Swot Analysis
Figure 25 Schneider Electric Se: Financial Overview Snapshot
Figure 26 Schneider Electric Se: Swot Analysis
Figure 27 General Electric: Financial Overview Snapshot
Figure 28 General Electric: Swot Analysis
Figure 29 Mitsubishi Electric: Financial Overview Snapshot
Figure 30 Mitsubishi Electric: Swot Analysis
Figure 31 Siemens Energy: Swot Analysis
Figure 32 Elsco Transformers.: Swot Analysis
Figure 33 Hitachi Energy: Financial Overview Snapshot
Figure 34 Hitachi Energy: Swot Analysis
Figure 35 Toshiba Corporation: Financial Overview Snapshot
Figure 36 Toshiba Corporation: Swot Analysis
Figure 37 Virginia Transformer Corp.: Financial Overview Snapshot
Figure 38 Virginia Transformer Corp.: Swot Analysis

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