North America Transformer Market (2020-2026) | Forecast, Industry, Trends, Size, Outlook, Value, Revenue, Growth, Companies, Share, COVID-19 IMPACT & Analysis

North America Transformer Market has registered significant growth over the past years on the back of growing electric power technology coupled with surge in demand for continues power supply from the industrial sector. With the cumulative of renewable energy, the companies are focusing on providing energy efficient products leading to surge in market revenues over the coming years. The U.S. government has planned to invest for the growth of new power distribution systems to considerably relieve the curtailment rate of Western transmission networks leading to growth in transformer market demand over the forthcoming years.

According to 6Wresearch, North America Transformer Market size is expected to witness substantial growth during 2020-2026. United States is the leading revenue generating country in the north America transformer market owing to the increasing renewable energy utilization for electricity production. Moreover, surging government investment for continuous digital transformation of utilities would lead to further increase in demand for transformers in the country over the forecast period. Canada transformer market is expected to register high growth in demand over the coming years on the back of increasing investment in the construction sector. Distribution transformer accounted for a major demand in the overall Canada market.

Based on applications, smart grid and smart transformers accounted for a leading share of market revenue pie and are expected to maintain the dominance over the forecast period as well, owing to surging demand for high ampacity and power reliability across industrial processes. Also, modernization of the ageing power infrastructure, growing focus on green energy and smart grid electrifying market would lead to further increase in market demand over the coming years.

The North America transformer market report thoroughly covers the market by cooling, power ratings, applications and key countries including Canada, United States and Rest of North America. North America transformer market outlook provides an unbiased and detailed analysis of the on-going North America transformer market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• North America Transformer Market Overview
• North America Transformer Market Outlook
• North America Transformer Market Forecast
• Historical Data of North America Transformer Market Revenues and Volume for the Period2016-2019
• North America Transformer Market Size and North America Transformer Market Forecast of Revenues and Volume, Until 2026
• Historical Data of North America Transformer Market Revenues and Volume, By Cooling, for the Period 2016-2019
• Market Size & Forecast of North America Transformer Market Revenues and Volume, By Cooling, until 2026
• Historical Data of North America Transformer Market Revenues and Volume, By Power Ratings, for the Period 2016-2019
• Market Size & Forecast of North America Transformer Market Revenues and Volume, By Power Ratings, until 2026
• Historical Data of North America Transformer Market Revenues and Volume, By Applications, for the Period 2016-2019
• Market Size & Forecast of North America Transformer Market Revenues and Volume, By Applications, until 2026
• Historical Data of Canada Transformer Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Canada Transformer Market Revenues and Volume, until 2026
• Historical Data of United States Transformer Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of United States Transformer Market Revenues and Volume, until 2026
• Historical Data of Rest of North America Transformer Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Rest of North America Transformer Market Revenues and Volume, until 2026
• Market Drivers and Restraints
• North America Transformer Market Trends and Industry Life Cycle
• North America Transformer Market Revenue Share, By Regions
• North America Transformer Market Revenue Share, By Players
• North America Transformer Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The North America Transformer Market report provides a detailed analysis of the following market segments:

• By Cooling
  • Oil-Cooled
  • Air-Cooled
• By Power Ratings
  • Small Power Transformer
  • Medium Power Transformer
  • Large Power Transformer
• By Applications
  • Smart Grid
  • Smart Transformer
  • Green Energy
  • Power infrastructure
• By Countries:
  • Canada
  • United States
  • Rest of North America

Other key Reports available

• United States Transformer Market Report
• Canada Transformer Market Report