Distribution Transformer Market Analysis and Trends by 2031
Distribution Transformer Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2024 | US$ 29.96 billion |
Market Size by 2031 | US$ 53.03 billion |
Global CAGR (2025 - 2031) | 8.5% |
Historical Data | 2021-2023 |
Forecast period | 2025-2031 |
Segments Covered |
By Mounting
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Distribution Transformer Market News and Recent Developments
The distribution transformer market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:
- In February 2024, Siemens Energy addressed the national shortage of power transformers across the U.S. by investing US$ 150 million to expand operations in Charlotte, North Carolina, creating almost 600 local jobs. (Source: Siemens Energy, Press Release)
- In March 2022, The State Grid Corporation of China (SGCC), the country's main grid operator, ordered two 110-kilovolt, 63-megavolt, ampere EconiQTM power transformers from Hitachi Energy for an innovative substation project carried out in Jiangsu Province on China's east coast. This project aimed to advance the use of maintainable technology, which is consistent with the policies of SGCC and Hitachi Energy. (Source: State Grid Corporation of China (SGCC), Newsletter)
Distribution Transformer Market Report Coverage and Deliverables
The “Distribution Transformer Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering the following areas:
- Distribution TransformerMarket size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Distribution Transformer Market trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Distribution Transformer market analysiscovering key market trends, Global and regional framework, major players, regulations, and recent market developments
- Distribution TransformerIndustry, landscape and competition analysis, covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles