U.S. Power, Distribution, and Specialty Transformer Market. Analysis and Forecast to 2030
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View PricingU.S.: Market for Power, Distribution, And Specialty Transformers 2024
Market Size for Power, Distribution, And Specialty Transformers in the U.S.
The U.S. market for power, distribution, and specialty transformers skyrocketed to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2023 and is likely to continue growth in the immediate term.
Production of Power, Distribution, And Specialty Transformers in the U.S.
In value terms, power, distribution and specialty transformer production amounted to $X in 2023. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Power, distribution and specialty transformer production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.
Exports of Power, Distribution, And Specialty Transformers
Exports from the U.S.
In 2023, shipments abroad of power, distribution, and specialty transformers increased by X% to X units for the first time since 2020, thus ending a two-year declining trend. Overall, exports saw a strong expansion. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports reached the peak of X units. From 2021 to 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, power, distribution and specialty transformer exports soared to $X in 2023. In general, exports, however, showed a pronounced contraction. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.
Exports by Country
Mexico (X units) was the main destination for power, distribution and specialty transformer exports from the United States, with a X% share of total exports. It was followed by Canada (X units), with a X% share of total exports. China (X units) ranked third in terms of total exports with a X% share.
From 2013 to 2023, the average annual growth rate of volume to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and China (X% per year).
In value terms, Canada ($X), Mexico ($X) and China ($X) appeared to be the largest markets for power, distribution and specialty transformer exported from the United States worldwide, with a combined X% share of total exports.
In terms of the main countries of destination, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.
Export Prices by Country
In 2023, the average export price for power, distribution, and specialty transformers amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced a decline.
Imports of Power, Distribution, And Specialty Transformers
Imports into the U.S.
After two years of growth, purchases abroad of power, distribution, and specialty transformers decreased by X% to X units in 2023. Overall, imports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2022, and then dropped in the following year.
In value terms, power, distribution and specialty transformer imports surged to $X in 2023. Over the period under review, imports, however, recorded resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
In 2023, Mexico (X units) constituted the largest power, distribution and specialty transformer supplier to the United States, with a X% share of total imports. Moreover, power, distribution and specialty transformer imports from Mexico exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Canada (X units) ranked third in terms of total imports with a X% share.
From 2013 to 2023, the average annual growth rate of volume from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Canada (X% per year).
In value terms, Mexico ($X) constituted the largest supplier of power, distribution, and specialty transformers to the United States, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.
From 2013 to 2023, the average annual growth rate of value from Mexico totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and South Korea (X% per year).
Import Prices by Country
The average import price for power, distribution, and specialty transformers stood at $X per unit in 2023, surging by X% against the previous year. Over the period under review, import price indicated a moderate expansion from 2013 to 2023: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $X per unit in 2020; however, from 2021 to 2023, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for power, distribution and specialty transformer in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 335311 - Power, distribution, and specialty transformer manufacturing
Companies mentioned:
- Weg Electric Corp.
- C.D. Technologies
- Powell Industries
- Intermatic Incorporated
- Spellman High Voltage Electronics Corporation
- Cooper Power Systems
- Bellofram Corporation
- Transistor Devices
- Delta Star
- Power Partners
- Electro-Mechanical Corporation
- Solomon Transformers
- Kentucky Association of Electric Cooperatives
- Universal Lighting Technologies
- SPX Transformer Solutions
- Central Moloney
- Pioneer Power Solutions
- Pennsylvania Transformer Technology
- Cg Power Systems USA
- Sternschnuppe
- Power Paragon
- SPD Electrical Systems
- Instrument Transformers
- Holien
- GE Drives & Controls
- Pulse Electronics
- ABB Holdings
- Asea Brown Boveri
- ABB Power T & D Company
- Power Products
- GE Grid Solutions
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
- Price for Power, Distribution and Specialty Transformer the United States
- Production Power, Distribution and Specialty Transformer the United States
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