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
The research presented in this article is from PTR's Power Transformer market research. For information about this service please submit a request shown below.
Europe: +49-89-12250950
Americas: +1 408-604-0522
Japan: +81-80-7808-1378
GCC/Rest of APAC: +971-58-1602441
More About our: Power Transformers Market Research
Recent Insights
North American HVDC Market (2017–2021)
The HVDC market has gained a lot traction due to the expansion of renewable energy resources across the globe. In the last decade, a significant growth in onshore renewables has been witnessed in North America. To evacuate this energy from generation centres, HVDC has...
Middle East Energy 2022 – Conference Impressions
The Middle East Energy 2022 event took place in Dubai and Power Technology Research (PTR) enthusiastically participated to gain a sense of what is currently relevant and important in the GCC region. The atmosphere at the show was fantastic with an eagerness from many...
Roll Out of Offshore Wind Farms Driving HVDC Market
There has been a rapid growth in the offshore wind farms installations in the recent years. Asia for instance is emerging as a key market for offshore wind farms with GE and Toshiba entering into a strategic partnership. HVDC technology is already getting a lot of...
Climate worries pushing manufacturers away from Coal
Globally there is a growing consensus to move towards less carbon intensive power generation in a bid to tackle pollution and environmental concerns. This consensus is reflected in the decline[SS1] [KM2] of coal consumption in 2019, although there are disparities...
Impact of US Elections On Global Energy Market
Biden will rejoin the Paris Agreement, which is the most inclusive global agreement on climate change to date. Unlike the Kyoto Protocol which focused on cutting emissions from the developed world, this agreement sets a goal to which almost every country in the world has agreed to contribute.
Demystifying China’s Power Grid
SGCC is a wholly state-owned enterprise with 30 departments, 6 branches, 27 provincial subsidiaries and 39 other subsidiaries.
COVID-19 & the World Markets
The effects of Covid’19 have been felt globally. According to the June 2020 Global Economic Prospects report by the World Bank, the global economy (in terms of GDP) is expected to contract by 5.2% in 2020. Advanced economies are expected to shrink by 7%, and...