KEY FINDINGS The distribution transformer market of North America is anticipated to record a CAGR of 7.51% during the projected years, 2020-2028. One of the significant reasons boosting the market growth in the region is the increasing consumption of electricity and smart grid initiatives taken by the United States and Canada. MARKET FINDINGS In order to survey the growth of the North America distribution transformer market further, the region is divided into the United States.In Canada, there is a great opportunity for distribution transformers.
One of the major opportunities for the market is power generation through renewable energy sources. Canada depends largely on hydropower for power generation, which accounts for 63.5% of electricity generation in the country. The electric sector of Canada has an installed generating capacity of 134GW, and is expected to reach 170 GW by 2035, according to the export statistic of the government. The wind is the second-largest source of electricity generation in the country. It is anticipated that there will be a considerable investment in the power generation sector by 2030, and 80% of power generation facilities will be upgraded in the coming years. Canada is a developed nation, where the economy, health and safety, and national security depend on the effective distribution of electricity. The Smart Grid organization in Canada has taken initiatives to meet the growing electricity demand and modernize the old grid system by making it more efficient, smarter, and competent to match the developing technology. For example, a smart grid organization in Ontario is continuously funding smart grid projects and promoting smart grid technology. In order to prevent accidents caused by electric malfunctions, the Canadian electricity association has made certain safety guidelines.
COMPETITIVE INSIGHTS General Electric Company, Emerson Electric company, Eaton Corporation Inc, Hammond Power Solutions Inc, ABB Ltd, etc. are some of the renowned companies operating in the market.
Our report offerings include: • Explore key findings of the overall market • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges) • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions • Market Segmentation cater to a thorough assessment of key segments with their market estimations • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc. • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc. • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Companies mentioned 1. ABB LTD 2. CG POWER AND INDUSTRIAL SOLUTIONS LIMITED (CROMPTON GREAVES LTD.) 3. EATON CORPORATION PLC 4. GENERAL ELECTRIC 5. SIEMENS AG 6. SCHNEIDER ELECTRIC 7. SGB-SMIT GROUP (STARKSTROM GERATEBAU GMBH) 8. WILSON POWER SOLUTIONS 9. LEMI TRAFO JSC 10. HYOSUNG CORPORATION 11. BRUSH ELECTRICAL MACHINES LTD 12. HAMMOND POWER SOLUTIONS INC 13. KIRLOSKAR ELECTRIC COMPANY LTD 14. EMERSON ELECTRIC CORPORATION 15. BOWERS ELECTRICAL LTD 16. CELME SRL 17. AREVA SA 18. HITACHI LTD 19. ORMAZABAL VELATIA
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