North America Gas Insulated Transformer Market Size & Outlook
North America gas insulated transformer market, 2018-2030 (US$M)
North America gas insulated transformer market highlights
- The North America gas insulated transformer market generated a revenue of USD 580.3 million in 2023.
- The market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, medium voltage (up to 72.5 kv) was the largest revenue generating voltage in 2023.
- Medium Voltage (Up to 72.5 Kv) is the most lucrative voltage segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 580.3 million |
| Market revenue in 2030 | USD 786.7 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Medium voltage (up to 72.5 kv) |
| Fastest growing segment | Medium Voltage (Up to 72.5 Kv) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medium Voltage (Up to 72.5 Kv) |
| Key market players worldwide | Meidensha, Arteche, Mitsubishi Electric Corp, Toshiba Corporation, Hitachi Energy, Grid Solutions, Takaoka Toko, Fortune Electric, Siemens Energy AG ADR, Hyosung Heavy Industries, Nissin Electric, TransPower |
Other key industry trends
- In terms of revenue, North America region accounted for 20.5% of the global gas insulated transformer market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,622.0 million by 2030.
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Gas Insulated Transformer Market Scope
Gas Insulated Transformer Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America gas insulated transformer market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to gas insulated transformer market will help companies and investors design strategic landscapes.
Medium voltage (up to 72.5 kv) was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the North America gas insulated transformer market based on medium voltage (up to 72.5 kv) covering the revenue growth of each sub-segment from 2018 to 2030.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America gas insulated transformer market , including forecasts for subscribers. This continent databook contains high-level insights into North America gas insulated transformer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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