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U.S. Transformer Market Revenue to Reach USD 24.85 Billion Surge Amid AI, EV, and Clean Energy Demands - Arizton
U.S. Transformer Market Research Report Arizton
According to Arizton's latest research report, the U.S. transformer market [https://www.arizton.com/market-reports/us-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.
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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
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Key Company Profiles
* General Electric Vernova
* Siemens Energy
* HDHyundai 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
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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?
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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.
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