North America Transformer Market: Size, Trends, and Growth Outlook

The North America transformer market is experiencing steady expansion fueled by ongoing infrastructure upgrades and rising electricity demand. Increasing adoption of smart grid technologies and renewable energy integration are shaping the industry trends.

The Global North America transformer market size is estimated to be valued at USD 11.74 billion in 2025 and is expected to reach USD 16.63 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.1% from 2025 to 2032. North America Transformer Market Growth is largely driven by rising urbanization, grid modernization efforts, and regulatory mandates promoting energy efficiency. Market insights reveal growing investment in distribution transformers and power transformers, signaling expansive market opportunities.

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