According to the research report titled ‘North America Power Transformer Market Forecast 2027 By Mounting, By Core, By Cooling, By Insulation, By Installation, By Rating, By Application, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, North America power transformer market is anticipated to showcase strong growth through 2027.
 

As per reliable estimates, growing investments in the refurbishment of power grid infrastructure, government backed growing industrialization, regulatory policies addressing power outage solutions, and focus towards developing energy storage technologies are the major growth determinants for North America power transformer market.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4485036/

Furthermore, rising product usage owing to installation of heavy-duty power generation units, on account of COVID-19 outbreak, has further aided the industry augmentation.

Also, funding efforts that enhance energy-efficient, incorporation of smart transmission & distribution networks, and widespread application scope in commercial buildings, residential structures, and healthcare facilities have fuelled the demand for three-phase power transformer, which in turn is boosting overall market trend.

Based on core, North America power transformer industry is categorized into shell, berry, and closed. In terms of cooling, the marketplace is spilt into oil immersedm and dry type. With respect to insulation, the market is divided into air, solid, oil, gas, and others.

By rating, the industry is classification includes >800 MVA, 501 MVA to 800 MVA, 101-500 MVA, and 10 MVA. Speaking of application ambit, the market is distributed into industrial, utility, residential & commercial.

On the basis of mounting, the marketplace is branched into PC/PCB, pole, pad, and others. Among these, pad mounted products are anticipated to gain traction through 2027, owing widespread adoption of renewable energy, and rising demand for energy-efficient products.

Regionally, the U.S. industry holds a substantial revenue share at present, owing soaring consumption of electricity due to rising popularity of work from home & online learning trends, in consort with massive power usage by petrochemical, cement and mining industries in the nation.

The key players in North America power transformer industry are General Electric Company, ERMCO-ECI, Eaton Corporation plc, Siemens AG, Toshiba International Corporation, DOS Canada Inc., Atlas Transformer Inc., Northern Transformer Corporation, Schneider Electric SE, SPX Transformer Solutions Inc., Hyosung Heavy Industries Corporation, and Hitachi ABB Power Grids.