US Power Transformer Market Snapshot
Market Overview
USA to expand transmission systems by 60% by 2030 and may need to triple those systems by 2050.
United States is replacement driven market. The expected growth in the Power Transformers market in the United States in the next 5 years is ~11%.
The approx. voltage Split of the US Power Transformer Market is as follows
Voltage Segmentation (2023)
Overall, the United States Contributed to 85% of the Total North American Regional Demand
Growth Drivers and Bottlenecks
IRA & IIJA spurred the growth of power transformers market in USA
- Replacement driven by aging infrastructure
- Grid Resilience Programs funded by IIJA
- Renewables growth aided by IRA
- Increasing electricity demand and consumption
- High Cost and Longer lead times
- Scarce Domestic Production
- Longer interconnection Queues
- Supply Chain Disruptions
Power Transformer Service Overview
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