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Transformers Market in North America 2021
Transformers are passive electrical devices that transfer electrical energy from one electrical circuit to another, or multiple circuits. The transformers market in North America in terms of revenue is set to grow by US$ 2 billion during 2021-2027, growing at a compound annual growth rate (CAGR) of 4.8% during the forecast period, according to data and analytics company StrategyHelix. Increasing investments in replacing ageing infrastructure is driving market growth. The report is an invaluable resource for companies and organizations active in this industry. It provides a cohesive picture of the transformers market to help drive informed decision making for industry executives, policy makers, academic, and analysts.
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Power and Distribution Transformers Market in North America 2021
Power transformers are primarily used in power generating stations (generator transformers) to raise the voltage level of the produced power from generation voltage to transmission voltage. They are then used to connect transmission systems designed for different voltages greater than 36kV such as 500kV, 270kV, 220kV, 110kV, etc. The distribution transformer is used for the distribution of electrical energy at low voltage as less than 33KV in industrial purpose and 440v-220v in domestic purpose. The power and distribution transformers market in North America in terms of revenue is set to grow by US$ 2 billion during 2021-2027, growing at a compound annual growth rate (CAGR) of 4.4% during the forecast period, according to data and analytics company StrategyHelix. The report is an invaluable resource for companies and organizations active in this industry. It provides a cohesive picture of the power and distribution transformers market to help drive informed decision making for industry executives, policy makers, academic, and analysts.
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Power Transformer Market in North America 2021
Power transformers are static electrical equipment used primarily to receive low voltage generator electric power and transmit it across distribution channels across the power grid network. Power transformers are primarily used in power generating stations (generator transformers) to raise the voltage level of the produced power from generation voltage to transmission voltage. They are then used to connect transmission systems designed for different voltages greater than 36kV such as 500kV, 270kV, 220kV, 110kV, etc. Power transformers are used in generation step-up units (GSU), transmission substations, industrial plants like oil & gas refinery, chemicals & petrochemicals, cement industry, mining industry, desalination plants, malls, metros, and other infrastructural fields. The power transformer market in North America in terms of revenue is set to grow by US$ 836 million during 2021-2027, growing at a compound annual growth rate (CAGR) of 4.1% during the forecast period, according to data and analytics company StrategyHelix. The report is an invaluable resource for companies and organizations active in this industry. It provides a cohesive picture of the power transformer market to help drive informed decision making for industry executives, policy makers, academic, and analysts.