Americas Transformers Market is expected to reach US$ 17.47 Billion by 2031

Growing Demand for Smart Transformers Boosts Americas Transformers Market Growth

According to our new research study on “Americas Transformers Market Forecast to 2031 – by Type, Voltage Range, Power Rating, Application, Cooling Type, and Phase,” the Americas transformers market size was valued at US$ 11.74 billion in 2024 and is projected to reach US$ 17.47 billion by 2031; it is expected to register a CAGR of 5.96% during 2025–2031. The report highlights key factors contributing to the Americasmarket and prominent players, along with their developments in the market.

With the rise in energy consumption, particularly with the expansion of renewable energy sources such as solar and wind, the need for intelligent energy distribution solutions becomes critical. Such a rise in energy consumption encourages key players in the Americas transformers market to develop smart transformers to meet their customers' demand. For instance, in October 2024, Hammond Power Solutions launched HPS Smart Transformers designed to give users unprecedented control over their electrical systems. This innovative transformer integrates IoT-enabled power monitors to deliver vital data insights that enable proactive maintenance and help prevent expensive outages. The transformers are also available for medium and low voltage transformers, which allows users to interpret data and detect early warning signs of equipment stress or failure. This launch reflects the growing opportunities in the market toward intelligent, connected solutions that improve operational efficiency and reliability. Smart transformers enable real-time data analysis, remote management, and automatic voltage regulation, which are essential for integrating distributed energy resources and ensuring grid stability.

Americas Transformers Market

Americas Transformers Market Trends

Eco-friendly transformers, often termed "green power transformers," are engineered to minimize environmental impact through innovations such as biodegradable oils, low-loss cores, and recyclable materials. Their adoption is driven by the escalating demand for renewable energy sources, stringent environmental regulations, and the global push toward reducing carbon footprints. In September 2025, New York University (NYU)’s Tandon School of Engineering joined a global movement for greener power transformers. Advances in materials, cooling systems, and smart monitoring technologies are contributing to the development of transformers that minimize energy loss and reduce harmful emissions. NYU Tandon’s involvement highlights the increasing collaboration between academia, industry, and policymakers to accelerate this transformation.

The Americas transformers market growth is attributed to a surge in the demand for distribution transformers. A distribution transformer is used to step down voltage from transmission levels (typically 11 kV or 33 kV) to a lower voltage suitable for end-user consumption, usually below 440 V. It is installed at the final stage of the electrical distribution system to deliver electricity safely to homes, offices, and small industries. These transformers are designed for maximum efficiency at lower loads and continuous operation. Significant benefits provided by distribution transformers, such as low iron losses, high efficiency at varying loads, and compact design for easy installation, are increasing their adoption in the energy sector. The demand for distribution transformers is increasing due to rising urbanization, rural electrification projects, and the expansion of residential and commercial infrastructure.

The Americas transformers market analysis is performed by considering the following segments: type, voltage range, power rating, application, cooling type, and phase. By type, the market is segmented into power transformer, distribution transformer, instrument transformer, and others. The distribution transformer segment held the largest market share Americasin 2024. By voltage range, the market is segmented into up to 33 kV, 33 kV to 200 kV, and above 200 kV. The 33 kV to 200 kV segment held the largest Americas transformers market share in Americas2024. By power rating, the market is segmented into below 100 MVA, 100 to 275 MVA, and 275 to 500 MVA. The below 100 MVA segment held the largest share Americasin 2024. By application, the market is divided into utilities, renewable integration, industrial, commercial, infrastructure, and others. The utilities segment held the largestAmericas share in 2024. Based on cooling type, the Americas transformers market report is divided into liquid immersed, oil cooled, and dry type. The liquid immersed segment held the largestAmericas market share in 2024. By phase, the market is segmented into single phase and three phase. The three phase segment held a larger Americas transformers market share Americasin 2024. Three-phase transformers are electrical devices designed to transfer power across three alternating current waveforms, ensuring balanced power distribution in large-scale and industrial systems. They are widely used in power generation plants, manufacturing facilities, data centers, and heavy industries requiring high energy loads. These transformers offer superior efficiency, reduced energy losses, and a stable voltage supply for motors, pumps, and industrial equipment.

WEG SA, Eaton Corporation plc, ABB Ltd, HD Hyundai Electric Co., Ltd., TOSHIBA CORPORATION, Alstom SA, Mitsubishi Electric Corp, GE Vernova Inc., Hitachi Energy Ltd, and Siemens Energy AG are leading companies profiled in the Americas transformers market report.

Contact Us

Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com