United States Large Power Transformer Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

United States Large Power Transformer Market is Segmented by Type (Single-phase Transformer and Three-phase Transformer), Application (Power Transmission, Power Generation, and Other Applications).

United States Large Power Transformer Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

US Large Power Transformer Market Size

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United States Large Power Transformer Market
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 4.20 %
Market Concentration Low

Major Players

United States Large Power Transformer Market Major Players

*Disclaimer: Major Players sorted in no particular order

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US Large Power Transformer Market Analysis

The United States Large Power Transformer Market is expected to register a CAGR of greater than 4.2% during the forecast period.

  • The power generation segment is expected to dominate the market, owing to the high usage of large power transformers in renewable energy generation is expected to boost the market.
  • As companies strive to reduce their carbon footprints, many transformer manufacturers in the United States are developing new low-carbon transformers insulated with fully biodegradable vegetable oils which generates reduced CO2 emissions. Increasing advancements in the power transformers technology coupled with initiatives for reducing carbon footprint is expected to provide ample opportunity to the market players in the forecast period
  • Increasing investments in the renewable energy sector are expected to boost the large power transformer market. Through these investments, the United States government is going to make progress towards its goal of having a 100% clean energy grid by 2035.

US Large Power Transformer Industry Overview

United States large power transformer market is fragmented. Some of the key players in the market include Siemens Energy AG, General Electric Company, Hitachi T&D Solutions, Inc, Mitsubishi Electric Corporation, and ABB Ltd.

US Large Power Transformer Market Leaders

  1. Siemens Energy AG

  2. General Electric Company

  3. Hitachi T&D Solutions, Inc

  4. Mitsubishi Electric Corporation

  5. ABB Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
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US Large Power Transformer Market News

  • In October 2021, A collaboration between GE Research and Prolec GE with Cooperative Energy led to the development and installation of the world's first flexible large power transformer at the utility's major substation in Columbia, Mississippi. The transformer, rated at 165kV, 60/80/100 MVA, and developed as part of an ongoing project funded by the US Department of Energy's (DOE's) Office of Electricity, has begun field validation for six months to assess its performance and understand how this new technology could transform grid management.
  • In October 2021. GE-Prolec Transformers Inc., a subsidiary of a joint venture between General Electric and Xignux, a Mexican private company, has completed the acquisition of SPX Transformer Solutions, including large power transformers, for a contract value of USD 645 million.

US Large Power 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 Electricity Consumption in TWh, United States, 2015-2021
  • 4.4 Recent Trends and Developments
  • 4.5 Government Policies and Regulations
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.2 Restraints
  • 4.7 Supply Chain Analysis
  • 4.8 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Single-phase Transformer
    • 5.1.2 Three-phase Transformer
  • 5.2 Application
    • 5.2.1 Power Transmission
    • 5.2.2 Power Generation
    • 5.2.3 Other Applications

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 Siemens Energy AG
    • 6.3.2 General Electric Company
    • 6.3.3 Hitachi T&D Solutions, Inc
    • 6.3.4 Mitsubishi Electric Corporation
    • 6.3.5 ABB Ltd.
    • 6.3.6 Toshiba Corporation
    • 6.3.7 Hyundai Electric & Energy Systems Co., Ltd
    • 6.3.8 TBEA Co., Ltd
    • 6.3.9 JiangSu HuaPeng Transformer Co., Ltd.
    • 6.3.10 Weg SA
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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US Large Power Transformer Industry Segmentation

United States large power transformer market report include:

Type Single-phase Transformer
Three-phase Transformer
Application Power Transmission
Power Generation
Other Applications
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US Large Power Transformer Market Research FAQs

What is the current United States Large Power Transformer Market size?

The United States Large Power Transformer Market is projected to register a CAGR of greater than 4.2% during the forecast period (2025-2030)

Who are the key players in United States Large Power Transformer Market?

Siemens Energy AG, General Electric Company, Hitachi T&D Solutions, Inc, Mitsubishi Electric Corporation and ABB Ltd. are the major companies operating in the United States Large Power Transformer Market.

What years does this United States Large Power Transformer Market cover?

The report covers the United States Large Power Transformer Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the United States Large Power Transformer Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

United States Large Power Transformer Industry Report

Statistics for the 2025 United States Large Power Transformer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States Large Power Transformer 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.