Americas Transformers Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Power Transformer, Distribution Transformer, Instrument Transformer, and Others), Voltage Range (Up to 33kV, 33

The Americas transformers market size is projected to reach US$ 17.47 billion by 2031 from US$ 11.74 billion in 2024. The market is expected to register a CAGR of 5.96% during 2025-2031. North America is the largest contributor to the Transformers Market, followed by South & Central America. The transformers market in North America is driven by the presence of aging infrastructure, regional focus on replacing aging infrastructure, and the integration of renewable energy. A large portion of the US and Canada's power grids are decades old and require substantial investment for modernization and reliability improvements. Government funding, such as the U.S. Bipartisan Infrastructure Law, is accelerating grid upgrades and expansion projects to accommodate renewable sources such as wind and solar. Moreover, rapid industrial electrification, spurred by the build-out of hyperscale data centers and new manufacturing facilities, is creating a major demand for both power and distribution transformers. Additionally, the rising demand for smart transformers, the growth of data centers, and the high adoption of electric vehicles are intensifying electricity consumption, prompting the need for robust transformer infrastructure. This fuel the market growth in the near future. South and Central America are expanding owing to the grid modernization, the expansion of renewable energy capacity, and increasing industrial activity. Countries such as Brazil, Colombia, Argentina, and Chile are investing heavily in their transmission and distribution networks to improve reliability and integrate renewables, such as hydropower, wind, and solar. Nearshoring manufacturing trends are also boosting industrial demand for transformers, particularly in Brazil, where new factories are being established. Hence, the shift towards more sustainable energy systems and the growth of commercial sectors continue to stimulate the market growth.   ABB Ltd; HD Hyundai Electric Co., Ltd.; TOSHIBA CORPORATION; Alstom SA; Mitsubishi Electric Corp; GE Vernova Inc.; Hitachi Ltd; Siemens Energy AG; WEG SA; and Eaton Corporation plc are among the key Americas transformers market players that are profiled in this market study. The overall Americas transformers market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Americas transformers market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Americas transformers market.

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