logo
U.S. Transformer Market Revenue to Reach USD 24.85 Billion Surge Amid AI, EV, and Clean Energy Demands

U.S. Transformer Market Revenue to Reach USD 24.85 Billion Surge Amid AI, EV, and Clean Energy Demands

Globe and Mail7 days ago
"U.S. Transformer Market Research Report Arizton"
Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2025–2030.
According to Arizton's latest research report, the U.S. transformer market is growing at a CAGR of 7.06%during 2021-2030, driven by a decisive shift toward grid modernization, the EV boom, and industrial electrification. With aging infrastructure nearing end-of-life, utilities and industries are investing heavily to keep America powered and resilient.
Looking for More Information? Click: https://www.arizton.com/market-reports/us-transformer-market
Report Scope:
Market Size: Revenue (2030): USD 24.85 Billion
Market Size: Revenue (2024): USD 16.50 Billion
CAGR: Revenue (2024-2030): 7.06%
Market Size- Distribution Transformers Installed Capacity (2030): 65.54 Million Units
Market Size-Smart Transformers (2030): USD 1.49 Billion
Historic Year: 2021-2023
Base Year: 2024
Forecast Year: 2025-2030
Market Segmentation: Insulation Type, Liquid Immersed, Distribution Transformer Voltage Type, Power Transformer Voltage Type, Distribution Transformer by Phase Type, Single-Phase Mount Type, Three-Phase Mount Type, Application (Up To 69kv or 10 MVA), End User, And Geography
Largest Region (2024): West
Geographic Analysis: The U.S. (West, South, Northeast, And Midwest)
Industrial Expansion & Digitalization Accelerate US Transformer Market Growth
The US transformer market is experiencing strong momentum as industrial expansion, digital transformation, and grid modernization converge. Surging electricity demand driven by growing industrial output, rapid EV adoption, and the rise of energy-intensive AI data centers is putting fresh pressure on the nation's aging grid infrastructure.
To keep pace, utilities are stepping up investments in new transformers while replacing older units that have operated beyond their intended life span. Modern transformers play a vital role across generation, transmission, and distribution networks, ensuring stable, efficient power delivery for industries and communities alike. Nationwide, large-scale transmission upgrades and renewable energy projects are reinforcing this growth trend, as utilities focus on strengthening grid capacity, integrating clean energy, and supporting new energy applications. As a result, the US transformer market remains a critical pillar in the country's energy transition and industrial progress.
Transformers at the Core of America's EV Charging Revolution
The rapid rise in electric vehicle adoption is transforming the US grid, creating strong demand for advanced transformers to power a nationwide charging network. As millions of new chargers, from residential units to high-capacity fast chargers come online, transformers play a vital role in delivering stable, reliable power to meet diverse regional needs.
By the end of 2023, America's rapid EV rollout is reshaping the grid. With 150,000+ public charging outlets and counting, utilities are scaling up modern transformers to deliver stable power to everything from home chargers to ultra-fast stations. California, New York, and Texas are leading the charge, driving transformer demand for a new era of mobility. With utilities and states ramping up installations to match growing EV adoption, demand for efficient, higher-capacity transformers is set to remain strong, powering both the next generation of transport and the transformation of the US grid.
Major Investments Reinforce U.S. Transformer Production Capacity
Leading transformer manufacturers are making significant investments to strengthen domestic supply and address rising demand across data centers, renewables, and industrial infrastructure.
Prolec GE a joint venture between Xignux and GE Vernova is investing USD 140 million to expand operations in North Carolina with a new 144,000-square-foot facility that will double its medium power transformer capacity and create over 330 jobs.
In Texas, VanTran and MGM Transformers have opened a 430,000-square-foot plant in Waco with a USD 1 billion investment to support growing demand from data centers, clean energy projects, and domestic manufacturing.
Eaton is establishing a third U.S. plant for three-phase transformers in Jonesville, South Carolina, with production slated for 2027 to help ease shortages. Meanwhile, Pennsylvania Transformer Technology is expanding in North Carolina with a USD 102.5 million investment, adding 217 jobs to boost capacity and ensure grid readiness.
Geographical Focus: Western US Drives Strong Growth in Transformer Market
The Western US, led by California, Washington, Oregon, and Nevada, remains at the forefront of America's distribution transformer market, driven by fast urban growth, ambitious clean energy targets, and grid modernization programs.
California's leadership in EV adoption and major solar and wind investments is accelerating demand for advanced transformers that stabilize power flows and strengthen grid reliability. Projects like the Vaca-Dixon Substation Upgrade, Washington's Clean Energy Fund, Oregon's Grid Modernization Program, and Nevada's Copper Mountain Solar Expansion demonstrate the region's proactive investments.
With strict state policies, growing renewable capacity, and robust support for smart grids and EV infrastructure, the West's distribution transformer market is projected to grow at a healthy CAGR of 8.50% through 2030, reinforcing its position as a national leader in grid innovation
Key Company Profiles
General Electric Vernova
Siemens Energy
HD Hyundai Electric Co. Ltd.
Eaton Corporation
Schneider Electric
Quanta Services Inc.
ABB Inc.
Hitachi Energy
Emerson Electric Co.
Mitsubishi Electric Corporation
Toshiba Energy Systems & Solutions Corp.
Niagara Power Transformer
Triad Magnetics
Prolec Energy
Endicott Coil Company
Other Prominent Company Profiles
Pico Electronics Inc.
Fuji Electric Co. Ltd.
Nissin Electric Co. Ltd.
Hyosung Heavy Industries Co. Ltd.
CORE Industrial Partners
Elsco Transformers
Kirloskar Electric Company Ltd.
Rockwell Automation Inc.
Hammond Power Solutions
Micron Industries Corp.
Hubbell Incorporated
Atlas Transformer
Meta Power Solutions
Dongan Electric Manufacturing Co., Inc.
Renco Electronics
Virginia Transformer Corporation
SPX Transformer Solutions
JST Power Equipment
Maddox Industrial Transformer, LLC
Electric Power Inc
UTB TRANSFORMERS
KONCAR D.D.
Market Segmentation & Forecast
Insulation Type
Liquid Immersed
Dry-Type
Others
Liquid Immersed
Distribution Transformer
Power Transformer
Others
Distribution Transformer Voltage Type
Up To 34.5 KV
Up To 69 KV AND APPROX. 10 MVA
Power Transformer Voltage Type
Medium Power (10-100 MVA)
Large Power (>100 MVA)
Distribution Transformer by Phase Type
Three-phase
Single-phase
Single-phase Mount Type
Single-phase pole
Single-phase pad
Three-Phase Mount Type
Three-phase pole
Three-phase pad
Others
Application (up to 69KV or 10 MVA)
Substation
Solar
Wind
Datacenter
BESS
Others
End User
Industrial
Residential
Commercial
Others
Geography
The U.S.
West
South
Northeast
Midwest
Other Related Reports that Might be of Your Business Requirement
Transformer Market - Global Outlook & Forecast 2024-2029
https://www.arizton.com/market-reports/transformer-market
U.S. Portable Power Station Market Research Report 2025-2030
What Key Findings Will Our Research Analysis Reveal?
How big is the U.S. transformer market?
What is the growth rate of the U.S. transformer market?
Who are the key players in the U.S. transformer market?
Which region dominates the U.S. transformer market share?
What are the significant trends in the U.S. transformer market?
Why Arizton?
100% Customer Satisfaction
24x7 availability – we are always there when you need us
200+ Fortune 500 Companies trust Arizton's report
80% of our reports are exclusive and first in the industry
100% more data and analysis
1500+ reports published till date
Post-Purchase Benefit
1hr of free analyst discussion
10% off on customization
About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

In the news today: Bank of Canada expected to hold key rate again
In the news today: Bank of Canada expected to hold key rate again

Winnipeg Free Press

timean hour ago

  • Winnipeg Free Press

In the news today: Bank of Canada expected to hold key rate again

Here is a roundup of stories from The Canadian Press designed to bring you up to speed… Bank of Canada expected to hold key rate again Avery Shenfeld doesn't think the Bank of Canada will cut its benchmark interest rate at its decision on Wednesday, but if it does, he said it will be a 'pleasant surprise.' 'There's always a chance that they'll surprise with the rate cut,' the chief economist of CIBC said. Most economists are also expecting the Bank of Canada will hold its policy rate steady at 2.75 per cent for a third consecutive decision later this week. Stubbornness on the inflation front and surprise strength in the labour market have quashed arguments for further easing since the central bank's June decision. The Canadian economy gained an unexpected 83,000 jobs in June, Statistics Canada reported earlier this month, driving the unemployment rate lower for the first time since January. Shenfield expects Canada's tariff dispute with the United States led to an economic contraction in the second quarter of the year. Here's what else we're watching… US-EU deal sets a 15% tariff on most goods and averts the threat of a trade war with a global shock The United States and the European Union agreed on Sunday to a trade framework setting a 15% tariff on most goods, staving off — at least for now — far higher import duties on both sides that might have sent shock waves through economies around the globe. The sweeping announcement came after President Donald Trump and European Commission chief Ursula von der Leyen met briefly at Trump's Turnberry golf course in Scotland. Their private sit-down culminated months of bargaining, with the White House deadline Friday nearing for imposing punishing tariffs on the EU's 27 member countries. As with other, recent tariff agreements that Trump announced with countries including Japan and the United Kingdom, some major details remain pending in this one. Trump said the EU had agreed to buy some $750 billion worth of U.S. energy and invest $600 billion more than it already is in America — as well as make a major military equipment purchase. He said tariffs 'for automobiles and everything else will be a straight across tariff of 15%' and meant that U.S. exporters 'have the opening up of all of the European countries.' Von der Leyen said the 15% tariffs were 'across the board, all inclusive' and that 'indeed, basically the European market is open.' Lawyer says Canada must hasten Gaza visa approvals A Toronto immigration lawyer says family members of Canadians are dying in Gaza as the federal immigration department drags it heels approving visas through a special program launched in 2024. Debbie Rachlis said Canada must speed up the approval process for the temporary special measures visa it is offering to members of Palestinian Canadians' families who are trying to flee the violence in Gaza. Rachlis represents dozens of applicants to the program and said she is involved with 'at least five cases' in which people have died waiting for word on their visa. She lobbied for the special measures program as a member of the Gaza Family Reunification Project. Canada opened the multi-step program offering temporary residents visas to members of Canadians' families trapped in Gaza on Jan. 9, 2024. It closed on March 26, after the program's cap of 5,000 visa applications had been accepted for processing. Fewer than 1,200 visas had been granted as of June 21, said Jeffrey MacDonald, a spokesperson for the Department of Immigration, Refugees and Citizenship Canada. That's less than a quarter of the visas Canada said it would hand out. N.S. disabilities reform behind in housing plan There's been a surge in the number of Nova Scotians with complex disabilities stuck in temporary housing, according to recent figures released by the province. This rise in what are called 'temporary shelter arrangements,' or TSAs, operated by for-profit and non-profit agencies has occurred despite a plan by the province to decrease their use over the past two years. The Department of Social Development describes the temporary housing as being needed whenever a person with a complex disability is in urgent need of housing, and options for a permanent home have been 'explored and exhausted.' Usually, the person is placed in an apartment, with one-on-one care, but without a long-term plan to improve their lives. The province introduced a sweeping, five-year reform plan for the care and housing of people with disabilities in 2023. It was the result of a landmark court decision that found there was systemic discrimination against people with disabilities. The plan called for a sharp decrease in the number of people with disabilities in temporary housing arrangements by 2025 but the opposite has occurred. Motion expected on closure of B.C. injection site Council in Nanaimo, B.C., is scheduled to hear a motion that could result in the city asking a provincial health authority to close a local overdose prevention site. Coun. Ian Thorpe is expected to bring forward the motion at Nanaimo's council meeting today that will ask to 'formally request' Island Health to close the site on Albert Street, next to city hall. Mayor Leonard Krog says he expects the motion to be debated and deferred to enable experts and those with an interest on the issue to come before council at a later time before a decision is made. The site has generated enough concerns about disorder and violence nearby that city staff previously proposed building a 1.8-metre-high fence that was intended to protect those at city hall. Nanaimo council decided against the proposal at a committee meeting earlier this month, with Krog saying he was unsure about the fence's effectiveness as well as the 'really problematic message' it would send about the challenges of disorder in the area. This report by The Canadian Press was first published July 28, 2025.

The U.S. economy is thriving in spite of tariffs. Will it last?
The U.S. economy is thriving in spite of tariffs. Will it last?

CBC

timean hour ago

  • CBC

The U.S. economy is thriving in spite of tariffs. Will it last?

By just about every indicator, the U.S. economy is holding up remarkably well. When Donald Trump launched his global trade war, economists and markets said his tariff policy would slow the economy, drive up prices and dramatically reduce global trade. And yet, stocks are at all-time highs, the country's employment is strong, its economy is expanding and the expected surge in inflation hasn't materialized. Canada's economy has shown surprising resilience, as well, with consumer spending starting to pick up last month and unemployment declining. Economists told CBC News it's unclear whether the tariffs' impact was overestimated, or if further pain lies ahead. But they say resilience in both countries is fragile, and could be quickly upended if the trade war worsens or expands. A lack of retaliation BMO's chief economist Douglas Porter says two key factors are driving the recent U.S. resilience. "Other nations have not really been retaliating against the U.S., so their own exports are not facing that much pressure. And on the flip side, the U.S. consumer has been pretty heavily sheltered so far from this," said Porter. In the meantime, American businesses have not passed on the costs of tariffs. General Motors, for example, released earnings last week that said Trump's tariff policies drove down profits by 35 per cent in the second quarter. The automaker said tariffs on cars and parts led to a $1.1-billion US loss in its quarterly earnings. But still, it has not increased prices. Royce Mendes, managing director at Desjardins Capital Markets, says that's becoming a trend among affected American companies. "Some companies may choose to just eat the tariff increase in costs rather than draw the ire of President Trump," said Mendes. GM stock fell on the news, but has since rebounded, paring losses and climbing almost all the way back to where it was before it published its earnings. Financial markets have had some pretty volatile sessions, including steep sell-offs when tariffs are announced, and big rallies when exemptions are made. But stock markets in both Canada and the U.S. are at or near record highs — which investors believe is a sign that the resilience we're seeing will last. A stockpile of products The question, though, is whether the impact of the tariffs has simply been delayed. When the levies were first announced last spring, businesses around the world scrambled to get product out the door and into the United States. That has led to a huge stockpile of products — and it means American importers have not yet had to bear the worst of the tariffs. WATCH | The future of Canada-U.S. free trade: Is Canada-US free trade dead? | About That 4 days ago North American free trade is teetering on the edge of uncertainty as U.S. President Donald Trump's tariffs continue to complicate how goods come and go. Andrew Chang explores signs that free trade — as we've come to know it — is on its way out, and challenges that may lie ahead in renegotiating the Canada-U.S.-Mexico Agreement (CUSMA). Images provided by Getty Images, The Canadian Press and Reuters. "There was a lot of front-running and that may be one of the big reasons why we haven't seen much impact yet," said BMO's Porter. "There's probably some pain to come, but I don't think it's going to be as bad as many economists were fretting about earlier this year, at least for the U.S." Canada's economy has shown resilience, too But both economists point to the fact that Canada's economy has also fared better than almost anyone had expected. Economic growth shrank in April, but only by 0.1 per cent. Statistics Canada says another 0.1 per cent decline is likely for May. (Those numbers will be confirmed on Thursday.) The unemployment rate has actually begun to decline since peaking in May at seven per cent. And last week's retail sales figures showed consumer spending had started to pick up again in June. "We've been pointing to this broader resilience in consumer spending," said Claire Fan, a senior economist with RBC. She says consumer sentiment plunged in the spring, at the height of the uncertainty. But since then, RBC crunched U.S. customs data and found exemptions for CUSMA-compliant products have dragged the average effective tariff rate all the way down to as low as 2.3 per cent. "It's a reflection of President Trump's overall strategy of coming out very aggressive early on, but then walking things back. I mean, the tariffs have not been as punitive for Canada as initially believed — nowhere close to it," said Mendes of Desjardins. Sector-specific pain However, real damage has been done in sectors like auto, steel, aluminum and lumber. The concern now is that the carve-outs Canada has secured for CUSMA-compliant products won't last. "Unless a trade deal is reached to significantly reduce U.S.-Canada tariffs by Aug. 1, when new U.S. tariffs are set to come into effect, we expect job losses and higher prices from tariffs to squeeze disposable income and cause households to tighten their purse strings," wrote Michael Davenport, senior economist at Oxford Economics in a note to clients. WATCH | Negotiations continue between Canada and the U.S.: Canada-U.S. Trade Minister Dominic LeBlanc, speaking to reporters in Washington, D.C., said Canada will only accept a deal when there is one in the best interest of workers and the Canadian economy on the table. On the one hand, some in the Trump administration will look at the U.S. economy's relative resilience as a reason to double down and push harder for more and more punitive tariffs. But escalation wouldn't just be bad for the Canadian economy. Right now, most businesses and consumers on both sides of the border have been sheltered from the worst impacts of the tariffs. That shelter depends on a fine and tricky balance of importers eating some costs, exporters dropping some prices and countries limiting retaliatory measures. Upending that balance further comes with risks on both sides of the dispute.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store