North America Smart Transformer Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers North America Smart Transformers Market Trends and it is segmented by Type (Distribution Transformers and Power Transformers) and Geography (US, Canada, and Mexico).

North America Smart Transformer Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

North America Smart Transformer Market Size

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North America Smart Transformers Market-Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 2.50 %
Market Concentration Medium

Major Players

North America Smart Transformers Market Major Players

*Disclaimer: Major Players sorted in no particular order

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North America Smart Transformer Market Analysis

The North America Smart Transformers Market is expected to register a CAGR of greater than 2.5% during the forecast period.

  • Distribution transformers, which are used for stepping down the voltage, are expected to be the major segment in the smart transformers market.
  • A number of governments across the region are increasingly viewing smart grid technology as a strategic infrastructural investment that will sustain their long-term economic prosperity and help them achieve their carbon emission reduction targets. This, in turn, is expected to provide an ample amount of opportunity to the companies involved in the smart transformers market in the near future.
  • The United States is expected to dominate the market, primarily driven by the transmission and distribution developments and industrial growth in the country.

North America Smart Transformer Industry Overview

The North American smart transformers market is moderately fragmented. Some of the key players in this market are Hitachi Energy Ltd, Siemens Energy AG, Schneider Electric SE, Eaton Corporation PLC, and General Electric Company, among others.

North America Smart Transformer Market Leaders

  1. Hitachi Energy Ltd.

  2. Siemens Energy AG

  3. Schneider Electric SE

  4. Eaton Corporation PLC

  5. General Electric Company

  6. *Disclaimer: Major Players sorted in no particular order
Market Concentration-Smart Transformer Market.png
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North America Smart Transformer Market News

  • In February 2020, Siemens Energy AG successfully tested three GSU smart transformer units (GSU) for a US wholesale energy provider Southern Power. The three transformer units manufactured as part of the Siemens Pretact concept are expected to increase power security at generating stations.

North America Smart Transformer Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Government Policies and Regulations
  • 4.4 Recent Trends and Developments
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Distribution Transformers
    • 5.1.2 Power Transformers
  • 5.2 Geography
    • 5.2.1 United States
    • 5.2.2 Canada
    • 5.2.3 Mexico
    • 5.2.4 Other Countries

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 General Electric Company
    • 6.3.2 Siemens Energy AG
    • 6.3.3 Schneider Electric SE
    • 6.3.4 Mitsubishi Electric Corporation
    • 6.3.5 SPX Transformer Solutions Inc.
    • 6.3.6 Eaton Corporation PLC
    • 6.3.7 Hitachi Energy Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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North America Smart Transformer Industry Segmentation

The North American smart transformers market report includes:

Type Distribution Transformers
Power Transformers
Geography United States
Canada
Mexico
Other Countries
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North America Smart Transformer Market Research FAQs

What is the current North America Smart Transformers Market size?

The North America Smart Transformers Market is projected to register a CAGR of greater than 2.5% during the forecast period (2025-2030)

Who are the key players in North America Smart Transformers Market?

Hitachi Energy Ltd., Siemens Energy AG, Schneider Electric SE, Eaton Corporation PLC and General Electric Company are the major companies operating in the North America Smart Transformers Market.

What years does this North America Smart Transformers Market cover?

The report covers the North America Smart Transformers Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the North America Smart Transformers Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

North America Smart Transformers Industry Report

Statistics for the 2025 North America Smart Transformers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Smart Transformers analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.