North America Transformer Market is predicted to reach USD 20,450.2 million at a CAGR of 4.9% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global North America Transformer Market”.

The market is estimated to register a CAGR of 4.9% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the North America Transformer Market—Hammond Power Solutions, General Electric (GE), WEG, Eaton, Olsun Electrics Corporation, MGM Transformer Company, Virginia Transformer Corp, Northern Transformer Corporation, Prolec-GE Waukesha, Inc. and VanTran Transformers

Market Highlights

The North America Transformer Market is accounted for to register a CAGR of 4.9% during the forecast period and is estimated to reach USD 20,450.2 million by 2032.

The North America Transformer Market is expected to be driven by the the

increasing energy demands, upgrading old transmission systems, and the adoption of smart grid technology. Many transmission systems in North America are aging and in need of upgrades. Upgrading these systems involves replacing outdated equipment, including transformers, with more modern and efficient ones. This helps improve the reliability and capacity of the power grid, ensuring a stable supply of electricity to meet the growing energy demands.

Moreover, government initiatives play a pivotal role in shaping the transformer market landscape in North America. In November 2021, Infrastructure Investment and Jobs Act signed into law by President Biden has injected hundreds of billions of dollars into many sectors requiring transformers, including public transportation upgrades, clean water, the electric grid, renewable energy, and a nationwide network of EV recharging stations. Thus, driving the demand for transformers in the region.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of North America Transformer Market Research Insigts

Segment Analysis

The North America Transformer Market has been segmented based on type, phase, voltage, power rating, mounting, end-user, and country.

Based on type, Oil-filled stands as the major segment in the North America Transformer Market, generating a substantial revenue of USD 7,566.5 million by 2022. Oil-type transformers can be ground, pad or pole mounted for outdoor use.

Based on voltage rating, <500 kVA emerges as the dominant force as transformer widely used in residential and commercial purpose. Transformers are an important part of the electrical grid. They step up or step-down voltages as needed, to keep the grid running smoothly, safely, and efficiently.

Based on phase, three phases emerge as the dominant segment in the market. A three-phase transformer consists of three primary and three secondary coils and is represented as 3-phase or 3ɸ. Three-phase transformers can be constructed in two ways.

Based on voltage, low voltage emerge as the dominant segment in the market. Low-voltage transformers operate with input voltages below 600 V. These transformers are used in measuring or monitoring devices or as auxiliary power source in motor control panels.

Based on mounting, pad mounting emerge as the dominant segment in the market. A pad-mounted transformer is a special type of housing for large transformers that can be positioned in places that are open to the public.

Based on end-user, pad mounting emerges as the dominant segment in the market. A pad-mounted transformer is a special type of housing for large transformers that can be positioned in places that are open to the public.

Key Findings of the Study

• The North America Transformer Market is expected to reach USD 20,450.2 million by 2032, at a CAGR of 4.9% during the forecast period.


• Based on type, the oil-filled was attributed to holding the largest market in 2022


• Hammond Power Solutions, General Electric (GE), WEG, Eaton, Olsun Electrics Corporation, MGM Transformer Company, Virginia Transformer Corp, Northern Transformer Corporation, Prolec-GE Waukesha, Inc. and VanTran Transformers