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
Middle East Energy (MEE) Conference Impressions 2023
The Middle East Energy (MEE) conference & trade fair in Dubai, which took place from 7th to 9th March, was a prime meeting place for professionals from all over the energy and power grid industry. The conference provided a platform for key equipment manufacturers...
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...
Net-Zero Commitments Encouraging Growth in Carbon dioxide Removal Technologies
Carbon removal may be achieved through nature-based methods or by employing certain technologies, such as CCS and DAC. The drive to net-zero has resulted in enhanced interest and investment in CCUS. Carbon removal technologies should act as supplements, not...
COP27: The Fight to Keep the 1.5°C Goal Alive
The Sharm El-Sheikh Climate Change Conference took place last month in Egypt, commencing on 6 November 2022 and ending on the 18th. The conference builds up on pledges made in the COP26 at Glasgow last year and comprised of a series of events to build on future...
Summary of Developments at COP27
The Sharm El-Sheikh Climate Conference officially ended with an historic climate “loss and damage” fund being set up on Sunday, 20 November. Here are key highlights from the conference. The “loss and damage” fund is an official acknowledgement of the fact that poorer...
The 2022 United Nations Climate Change Conference (COP27): Overview, Structure, and Achievements
The Sharm El-Sheikh Climate Change Conference is currently underway in Egypt, commencing on 6 November 2022 and ending on the 18th. The conference builds on pledges made in the COP26 at Glasgow last year and comprises of a series of events to build on future ambition....
The Future of HVDC in the APAC Region: Cross-Border Interconnections and Energy Security
• The APAC HVDC market is expected to grow with CAGR of 5% from 2022 onwards till 2026. • The APAC HVDC market is dominated by LCC HVDC technology mainly due to high power transmission capability over the long distances and the affordability of the LCC HVDC...