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
The Role of HVDC in the U.S. Energy Transition
In 2020, coal production in the U.S. declined 24% year over year accounting for the lowest coal production since 1965 (per . Electricity generated from renewables has been growing and surpassed generation from coal in 2020. President Biden has set a target to install...
European Climate Law to be the Lifeline out of Pandemic
The pandemic shrunk the EU’s economy by 6.1% in 2020. The European Climate Law proposes a 55% reduction in net greenhouse gas emissions by 2030, compared to 1990. A European scientific advisory board on climate change is established under the European Climate Law. In...
Developments in the HVDC market in 2020
The imposition of global lockdowns to curtail the spread of pandemic in 2020 significantly reduced the electricity demand. According to International Energy Agency (IEA), electricity demand dropped 2% making it the largest drop in demand in the last 50 years and far...
Offshore Wind Energy 2017 – Conference Impression
US & Taiwan set for take-off. Read our takeaways from Offshore Wind Energy 2017.
Siemens to Install India’s first VSC HVDC Link
This perfectly encapsulates the differentiated technological focus of two global giants, ABB and Siemens, in HVDC field.
ABB’s Continuous UHVDC dominance In Asia
Power grid corporation of India has recently awarded ABB an Ultra High Voltage Direct Current (UHVDC) project worth more than 640 million USD. Impression: This transmission link will be India’s second UHVDC project after North-East Agra, a project which was also...
Pakistan’s first HVDC project: Matiari-Lahore
An agreement is signed between Pakistan's water and power ministry and State Grid of China for the development of a High Voltage transmission link from south to North of Pakistan. A memorandum of understanding (MoU) was also signed between National Transmission and...