US Power Transformer Market Snapshot

by Jul 3, 2024

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.

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