North America Power & Distribution Transformer Market - Segmented By Type (Power Transformer, Distribution Transformer), By Rating (upto 100 kVA, 100.1-500kVA, 500.1-1000kVA, 1000.1-5000kVA, 5.1-100MVA, 100.1-500MVA, Above 500MVA), By End User (Residential, Commercial, Industrial, Utility), By Phase (Single Phase, Three Phase), By Insulation (Oil Immersed, Dry), By Country, Competition, Forecast a

The

A distribution transformer, often referred to as a service transformer, lowers the voltage used in distribution lines to the level utilized by the customer as the last voltage transformation in an electrical power distribution system. The location where cables exit an underground power line or utility pole and enter a customer's property is known as a service drop, and it is here that distribution transformers are often found. They are typically used to supply electricity to facilities outside of communities at voltages lower than 30 kV, such as isolated residences, farmyards, or pumping stations.

Government Regulations Towards Renewable Energy and Increasing Demand of Electricity Is Propelling The Market

The growing number of residential and commercial uses for transformers as well as their low cost are driving up demand for wet insulated power transformers. Two research and development projects that might create attractive market expansion potential include the integration of wet insulating power transformers with smart grids and the installation of renewable energy grids with eco-friendly coolants.

Due to

Smart grids can quickly adapt to variations in electricity consumption and can be accessed and monitored remotely. They deliver power and cooling efficiently, which reduces carbon emissions. The growth of the North American power and transformer market would be aided by the development of green transformers, high voltage transmission technologies, and stringent government restrictions targeted at reducing greenhouse gas emissions throughout the projected period.

Distribution Transformer Expected to Dominate the Market

The ultimate voltage transformation in the electric power distribution system is provided by a distribution transformer, also known as a service transformer. The voltage applied in distribution lines will then be stepped down to the level used by different clients in the residential, commercial, and industrial sectors.

The existing transmission and distribution system is being upgraded and expanded in North American nations including the United States and Canada. Due to the country's fast urbanization and industrialization, countries like Mexico are intending to expand their energy transmission and distribution systems.

North America produced around 5447.3 Terawatt-Hours (TWh) of power in 2018, which was more than the 5294.4 TWh it produced in 2017.

High Maintenance and Fluctuating Raw Material Cost

Steel, aluminum, and copper are the main components used to make power transformers. Due to an increase in the overall cost of these raw materials, the sale of power transformers will be restricted in low- and middle-income countries. Due to changes in the raw material supply and disruptions caused by pandemics in the distribution and supply networks, power transformers are more expensive than conventional power distribution systems. High-power transformer installation and maintenance expenses in comparison to present power distribution systems are anticipated to limit the market's growth. Raw material prices are predicted to fluctuate.

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Market Segmentation

The North America Power & Distribution Transformer Market is segmented based on type, rating, end user, and phase. Based on

Market player

Major players operating in the North America Power & Distribution Transformer Market are ABB Ltd, Crompton Greaves Ltd, Hitachi Ltd, Mitsubishi Electric Corporation, General Electric Corporation, Siemens AG, Schneider Electric SE, TBEA Co., Ltd, Toshiba Corporation, Emerson Electric Co.

Recent Developments

• San Diego Gas & Electric (SDG&E) was given permission to build the Artesian 230-kV Substation Expansion Project in San Diego County, California, in 2019 by the California Public Utilities Commission. The commission noted that SDG&E's stated objective for the proposed project is to construct a new substation to satisfy the strict dependability requirements of the North American Electric Reliability Corporation (NERC). The project is anticipated to be situated in the county's western region, with portions inside the City of San Diego.
• The West Ashville substation project in New York was launched by National Grid in 2019. The action was made in response to low voltage issues that would arise on the current electric transmission system if the local load increased quickly. National Grid made the decision to build a new substation in the Town of Harmony to relieve strain on the current system to increase reliability in the area.