North America Oil Immersed Power Transformer Market Size, Share & Trends Analysis Report By Phase, By Installation (Pad-mounted, Pole-mounted, and Substation Installation), By Voltage (High, Medium, and Low), By End User, By Country and Growth Forecast, 2023 - 2030

The North America Oil Immersed Power Transformer Market would witness market growth of 5.9% CAGR during the forecast period (2023-2030).

A rising electricity demand, developments in renewable energy technologies, and the necessity to modernize outdated power infrastructure all contribute to a paradigm shift in the energy landscape. Central to this evolution is the crucial role played by power transformers, particularly oil-immersed power transformers, which form the backbone of electricity transmission and distribution networks. The market stands at the intersection of traditional power systems and emerging energy trends, navigating a landscape of technological innovation, regulatory dynamics, and evolving environmental considerations.

In addition, oil-immersed power transformers have long been the workhorses of the electrical grid, facilitating the efficient and reliable transmission of electricity across various voltage levels. Adopting these transformers is deeply intertwined with the expansion and modernization of power infrastructure in developed and developing economies. The robust design, high efficiency, and long operational life of oil-immersed transformers make them indispensable components in power networks, supporting the reliable delivery of electricity from generation sources to end-users.

Canada has been experiencing population growth and urbanization, particularly in major cities and urban centers. As the population increases, so does the demand for electricity to power residential, commercial, and industrial activities. As per the data from the International Trade Administration, Canada’s total installed electricity generation capacity was approximately 149 GW in 2021 and is projected to reach 170 GW in 2035. The Canada Small Modular Reactors (SMR) Roadmap will be decisive in reaching this goal. The total electricity generated in Canada in 2022 was 640.3 TWH, approximately 2% higher than in 2021. Hence, rising electricity demand in North America will assist in the expansion of the regional market.

The US market dominated the North America Oil Immersed Power Transformer Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6,134.1 Million by 2030. The Canada market is experiencing a CAGR of 8.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 7.3% during (2023 - 2030).

Free Valuable Insights: The Oil Immersed Power Transformer Market is Predict to reach $31.5 Billion by 2030, at a CAGR of 6.1%

Based on Phase, the market is segmented into Three, and Single. Based on Installation, the market is segmented into Pad-mounted, Pole-mounted, and Substation Installation. Based on Voltage, the market is segmented into High, Medium, and Low. Based on End User, the market is segmented into Utilities, Industrial, and Residential & Commercial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• ABB Group
• Siemens AG
• Schneider Electric SE
• Eaton Corporation PLC
• Hitachi, Ltd. (Hitachi Energy Ltd.)
• General Electric Company
• Fuji Electric Co. Ltd.
• Toshiba Corporation
• Voltamp Transformers Limited
• YueBian Electric Co.,Ltd.

North America Oil Immersed Power Transformer Market Report Segmentation

By Phase

• Three
• Single

By Installation

• Pad-mounted
• Pole-mounted
• Substation Installation

By Voltage

• High
• Medium
• Low

By End User

• Utilities
• Industrial
• Residential & Commercial

By Country

• US
• Canada
• Mexico
• Rest of North America

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Oil Immersed Power Transformer Market, by Phase
1.4.2 North America Oil Immersed Power Transformer Market, by Installation
1.4.3 North America Oil Immersed Power Transformer Market, by Voltage
1.4.4 North America Oil Immersed Power Transformer Market, by End User
1.4.5 North America Oil Immersed Power Transformer Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges

Chapter 4. Competition Analysis – Global
4.1 Market Share Analysis, 2022
4.2 Porter Five Forces Analysis

Chapter 5. North America Oil Immersed Power Transformer Market by Phase
5.1 North America Three Market by Region
5.2 North America Single Market by Region

Chapter 6. North America Oil Immersed Power Transformer Market by Installation
6.1 North America Pad-mounted Market by Country
6.2 North America Pole-mounted Market by Country
6.3 North America Substation Installation Market by Country

Chapter 7. North America Oil Immersed Power Transformer Market by Voltage
7.1 North America High Market by Country
7.2 North America Medium Market by Country
7.3 North America Low Market by Country

Chapter 8. North America Oil Immersed Power Transformer Market by End User
8.1 North America Utilities Market by Country
8.2 North America Industrial Market by Country
8.3 North America Residential & Commercial Market by Country

Chapter 9. North America Oil Immersed Power Transformer Market by Country
9.1 US Oil Immersed Power Transformer Market
9.1.1 US Oil Immersed Power Transformer Market by Phase
9.1.2 US Oil Immersed Power Transformer Market by Installation
9.1.3 US Oil Immersed Power Transformer Market by Voltage
9.1.4 US Oil Immersed Power Transformer Market by End User
9.2 Canada Oil Immersed Power Transformer Market
9.2.1 Canada Oil Immersed Power Transformer Market by Phase
9.2.2 Canada Oil Immersed Power Transformer Market by Installation
9.2.3 Canada Oil Immersed Power Transformer Market by Voltage
9.2.4 Canada Oil Immersed Power Transformer Market by End User
9.3 Mexico Oil Immersed Power Transformer Market
9.3.1 Mexico Oil Immersed Power Transformer Market by Phase
9.3.2 Mexico Oil Immersed Power Transformer Market by Installation
9.3.3 Mexico Oil Immersed Power Transformer Market by Voltage
9.3.4 Mexico Oil Immersed Power Transformer Market by End User
9.4 Rest of North America Oil Immersed Power Transformer Market
9.4.1 Rest of North America Oil Immersed Power Transformer Market by Phase
9.4.2 Rest of North America Oil Immersed Power Transformer Market by Installation
9.4.3 Rest of North America Oil Immersed Power Transformer Market by Voltage
9.4.4 Rest of North America Oil Immersed Power Transformer Market by End User

Chapter 10. Company Profiles
10.1 Voltamp Transformers Limited
10.1.1 Company Overview
10.1.2 Financial Analysis
10.2 YueBian Electric Co.,Ltd.
10.2.1 Company Overview
10.3 ABB Group
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 SWOT Analysis
10.4 Siemens AG
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 Recent strategies and developments:
10.4.5.1 Partnerships, Collaborations, and Agreements:
10.4.6 SWOT Analysis
10.5 Schneider Electric SE
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.5.5 Recent strategies and developments:
10.5.5.1 Acquisition and Mergers:
10.5.6 SWOT Analysis
10.6 Eaton Corporation PLC
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expense
10.6.5 SWOT Analysis
10.7 Hitachi, Ltd. (Hitachi Energy Ltd.)
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expenses
10.7.5 Recent strategies and developments:
10.7.5.1 Product Launches and Product Expansions:
10.7.5.2 Geographical Expansions:
10.8 General Electric Company
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expense
10.8.5 SWOT Analysis
10.9 Fuji Electric Co. Ltd.
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expense
10.9.5 Recent strategies and developments:
10.9.5.1 Product Launches and Product Expansions:
10.9.6 SWOT Analysis
10.10. Toshiba Corporation
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research and Development Expense
10.10.5 SWOT Analysis

TABLE 1 North America Oil Immersed Power Transformer Market, 2019 - 2022, USD Million
TABLE 2 North America Oil Immersed Power Transformer Market, 2023 - 2030, USD Million
TABLE 3 North America Oil Immersed Power Transformer Market by Phase, 2019 - 2022, USD Million
TABLE 4 North America Oil Immersed Power Transformer Market by Phase, 2023 - 2030, USD Million
TABLE 5 North America Three Market by Region, 2019 - 2022, USD Million
TABLE 6 North America Three Market by Region, 2023 - 2030, USD Million
TABLE 7 North America Single Market by Region, 2019 - 2022, USD Million
TABLE 8 North America Single Market by Region, 2023 - 2030, USD Million
TABLE 9 North America Oil Immersed Power Transformer Market by Installation, 2019 - 2022, USD Million
TABLE 10 North America Oil Immersed Power Transformer Market by Installation, 2023 - 2030, USD Million
TABLE 11 North America Pad-mounted Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Pad-mounted Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Pole-mounted Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Pole-mounted Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Substation Installation Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Substation Installation Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Oil Immersed Power Transformer Market by Voltage, 2019 - 2022, USD Million
TABLE 18 North America Oil Immersed Power Transformer Market by Voltage, 2023 - 2030, USD Million
TABLE 19 North America High Market by Country, 2019 - 2022, USD Million
TABLE 20 North America High Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Medium Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Medium Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Low Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Low Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Oil Immersed Power Transformer Market by End User, 2019 - 2022, USD Million
TABLE 26 North America Oil Immersed Power Transformer Market by End User, 2023 - 2030, USD Million
TABLE 27 North America Utilities Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Utilities Market by Country, 2023 - 2030, USD Million
TABLE 29 North America Industrial Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Industrial Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Residential & Commercial Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Residential & Commercial Market by Country, 2023 - 2030, USD Million
TABLE 33 North America Oil Immersed Power Transformer Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Oil Immersed Power Transformer Market by Country, 2023 - 2030, USD Million
TABLE 35 US Oil Immersed Power Transformer Market, 2019 - 2022, USD Million
TABLE 36 US Oil Immersed Power Transformer Market, 2023 - 2030, USD Million
TABLE 37 US Oil Immersed Power Transformer Market by Phase, 2019 - 2022, USD Million
TABLE 38 US Oil Immersed Power Transformer Market by Phase, 2023 - 2030, USD Million
TABLE 39 US Oil Immersed Power Transformer Market by Installation, 2019 - 2022, USD Million
TABLE 40 US Oil Immersed Power Transformer Market by Installation, 2023 - 2030, USD Million
TABLE 41 US Oil Immersed Power Transformer Market by Voltage, 2019 - 2022, USD Million
TABLE 42 US Oil Immersed Power Transformer Market by Voltage, 2023 - 2030, USD Million
TABLE 43 US Oil Immersed Power Transformer Market by End User, 2019 - 2022, USD Million
TABLE 44 US Oil Immersed Power Transformer Market by End User, 2023 - 2030, USD Million
TABLE 45 Canada Oil Immersed Power Transformer Market, 2019 - 2022, USD Million
TABLE 46 Canada Oil Immersed Power Transformer Market, 2023 - 2030, USD Million
TABLE 47 Canada Oil Immersed Power Transformer Market by Phase, 2019 - 2022, USD Million
TABLE 48 Canada Oil Immersed Power Transformer Market by Phase, 2023 - 2030, USD Million
TABLE 49 Canada Oil Immersed Power Transformer Market by Installation, 2019 - 2022, USD Million
TABLE 50 Canada Oil Immersed Power Transformer Market by Installation, 2023 - 2030, USD Million
TABLE 51 Canada Oil Immersed Power Transformer Market by Voltage, 2019 - 2022, USD Million
TABLE 52 Canada Oil Immersed Power Transformer Market by Voltage, 2023 - 2030, USD Million
TABLE 53 Canada Oil Immersed Power Transformer Market by End User, 2019 - 2022, USD Million
TABLE 54 Canada Oil Immersed Power Transformer Market by End User, 2023 - 2030, USD Million
TABLE 55 Mexico Oil Immersed Power Transformer Market, 2019 - 2022, USD Million
TABLE 56 Mexico Oil Immersed Power Transformer Market, 2023 - 2030, USD Million
TABLE 57 Mexico Oil Immersed Power Transformer Market by Phase, 2019 - 2022, USD Million
TABLE 58 Mexico Oil Immersed Power Transformer Market by Phase, 2023 - 2030, USD Million
TABLE 59 Mexico Oil Immersed Power Transformer Market by Installation, 2019 - 2022, USD Million
TABLE 60 Mexico Oil Immersed Power Transformer Market by Installation, 2023 - 2030, USD Million
TABLE 61 Mexico Oil Immersed Power Transformer Market by Voltage, 2019 - 2022, USD Million
TABLE 62 Mexico Oil Immersed Power Transformer Market by Voltage, 2023 - 2030, USD Million
TABLE 63 Mexico Oil Immersed Power Transformer Market by End User, 2019 - 2022, USD Million
TABLE 64 Mexico Oil Immersed Power Transformer Market by End User, 2023 - 2030, USD Million
TABLE 65 Rest of North America Oil Immersed Power Transformer Market, 2019 - 2022, USD Million
TABLE 66 Rest of North America Oil Immersed Power Transformer Market, 2023 - 2030, USD Million
TABLE 67 Rest of North America Oil Immersed Power Transformer Market by Phase, 2019 - 2022, USD Million
TABLE 68 Rest of North America Oil Immersed Power Transformer Market by Phase, 2023 - 2030, USD Million
TABLE 69 Rest of North America Oil Immersed Power Transformer Market by Installation, 2019 - 2022, USD Million
TABLE 70 Rest of North America Oil Immersed Power Transformer Market by Installation, 2023 - 2030, USD Million
TABLE 71 Rest of North America Oil Immersed Power Transformer Market by Voltage, 2019 - 2022, USD Million
TABLE 72 Rest of North America Oil Immersed Power Transformer Market by Voltage, 2023 - 2030, USD Million
TABLE 73 Rest of North America Oil Immersed Power Transformer Market by End User, 2019 - 2022, USD Million
TABLE 74 Rest of North America Oil Immersed Power Transformer Market by End User, 2023 - 2030, USD Million
TABLE 75 Key Information – Voltamp Transformers Limited
TABLE 76 Key Information – YueBian Electric Co.,Ltd.
TABLE 77 Key Information – ABB Group
TABLE 78 Key Information – Siemens AG
TABLE 79 Key Information – Schneider Electric SE
TABLE 80 Key Information – Eaton Corporation PLC
TABLE 81 Key Information – Hitachi, Ltd.
TABLE 82 Key Information – General Electric Company
TABLE 83 Key Information – Fuji Electric Co., Ltd.
TABLE 84 Key Information – Toshiba Corporation

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Oil Immersed Power Transformer Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Oil Immersed Power Transformer Market
FIG 4 Market Share Analysis, 2022
FIG 5 Porter’s Five Forces Analysis – Oil Immersed Power Transformer Market
FIG 6 North America Oil Immersed Power Transformer Market share by Phase, 2022
FIG 7 North America Oil Immersed Power Transformer Market share by Phase, 2030
FIG 8 North America Oil Immersed Power Transformer Market by Phase, 2019 - 2030, USD Million
FIG 9 North America Oil Immersed Power Transformer Market share by Installation, 2022
FIG 10 North America Oil Immersed Power Transformer Market share by Installation, 2030
FIG 11 North America Oil Immersed Power Transformer Market by Installation, 2019 - 2030, USD Million
FIG 12 North America Oil Immersed Power Transformer Market SHARE by Voltage, 2022
FIG 13 North America Oil Immersed Power Transformer Market shARE by Voltage, 2030
FIG 14 North America Oil Immersed Power Transformer Market by Voltage, 2019 - 2030, USD Million
FIG 15 North America Oil Immersed Power Transformer Market SHARE by End User, 2022
FIG 16 North America Oil Immersed Power Transformer Market SHARE by End User, 2030
FIG 17 North America Oil Immersed Power Transformer Market by End User, 2019 - 2030, USD Million
FIG 18 North America Oil Immersed Power Transformer Market SHARE by Country, 2022
FIG 19 North America Oil Immersed Power Transformer Market SHARE by Country, 2030
FIG 20 North America Oil Immersed Power Transformer Market by Country, 2019 - 2030, USD Million
FIG 21 SWOT Analysis: ABB Group
FIG 22 SWOT Analysis: Siemens AG
FIG 23 SWOT Analysis: Schneider Electric SE
FIG 24 SWOT Analysis: Eaton Corporation PLC
FIG 25 Recent strategies and developments: Hitachi, Ltd.
FIG 26 SWOT Analysis: General electric (GE) Co.
FIG 27 SWOT Analysis: Fuji Electric Co., Ltd.
FIG 28 SWOT Analysis: Toshiba Corporation