U.S. Power Transformer Market Size & Outlook, 2022-2030
U.S. power transformer market, 2018-2030 (US$B)
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U.S. power transformer market highlights
- The U.S. power transformer market generated a revenue of USD 3.6 billion in 2022 and is expected to reach USD 6.1 billion by 2030.
- The U.S. market is expected to grow at a CAGR of 6.7% from 2023 to 2030.
- In terms of segment, shell was the largest revenue generating core in 2022.
- Shell is the most lucrative core segment registering the fastest growth during the forecast period.
Power transformer market data book summary
| Market revenue in 2022 | USD 3.6 billion |
| Market revenue in 2030 | USD 6.1 billion |
| Growth rate | 6.7% (CAGR from 2022 to 2030) |
| Largest segment | Shell |
| Fastest growing segment | Shell |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Closed, Shell, Berry |
| Key market players worldwide | ABB Ltd, Alstom SA, Murugappa Group, GE Aerospace, Siemens Energy AG Ordinary Shares, Mitsubishi Electric Corp, Toshiba Tec Corp ADR |
Other key industry trends
- In terms of revenue, U.S. accounted for 15.8% of the global power transformer market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. power transformer market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 6.1 billion by 2030.
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Power Transformer Market Scope
Power Transformer Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. power 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 power transformer market will help companies and investors design strategic landscapes.
Shell was the largest segment with a revenue share of 38.89% in 2022. Horizon Databook has segmented the U.S. power transformer market based on closed, shell, berry covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of power transformer market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. power transformer market , including forecasts for subscribers. This country databook contains high-level insights into U.S. power transformer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. power transformer market size, by core, 2018-2030 (US$B)
U.S. Power Transformer Market Outlook Share, 2022 & 2030 (US$B)
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