North America Low Voltage General Purpose Transformer Market Report and Forecast 2024-2032

North America Low Voltage General Purpose Transformer Market Size

The North America low voltage general purpose transformer market is expected to grow at a CAGR of 5.80% during the forecast period of 2024-2032, due to the growing demand for safe and stable low voltage power supply.

North America Low Voltage General Purpose Transformer Market Outlook

• As per industry reports, household energy expenditure in the U.S. and Canada is forecast to halve by 2050 as the energy mix becomes cleaner and more efficient.

• In 2023, the combined end-use energy consumption by the residential and commercial sectors accounted for about 27.6% or about 20.6 quadrillion Btu of total USA end-use energy consumption.

• In 2022, total U.S. electricity generation was approximately 4,301 billion kWh, with 4,243 billion kWh from utility-scale generators and an additional 58.51 billion kWh from small-scale solar PV systems.

• In 2022, fossil fuels accounted for around 60% of U.S. utility-scale electricity generation, nuclear energy contributed about 18%, and renewable energy sources accounted for 22% of the total.

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North America Low Voltage General Purpose Transformer Market Growth

A low voltage general purpose transformer is a type of standardised transformer that converts incoming alternating current into lower voltages. The efficiency of the low voltage general purpose transformer influences how capable the transformer is in converting current and the energy involved in the process. These transformers are commonly used in North America to power equipment that has low voltage requirements, such as lightings, household appliances, and tools. The rising demand for stable and low voltage electricity from the United States and Canada is fuelling the North America low voltage general purpose transformer market expansion. As more equipment becomes compatible with low voltage electricity supply, to decrease electricity usage and bills, the demand for low voltage general purpose transformers in North America is expected to grow further.

Key Trends and Developments

Government initiatives, shift towards renewable energy sources, and need to fix ageing infrastructure are trends shaping the North America low voltage general purpose transformer market outlook

June 2024

Sunbelt Solomon, a prominent electrical power solutions provider, has acquired Valley Transformer, a transformer repair and reconditioning company in the Pacific Northwest. This strategic move expands Sunbelt Solomon's presence in the region and allows it to better serve customers there.

June 2024

Italian transformer manufacturer Westrafo is establishing its first U.S. transformers and energy systems production facility in Ohio by investing at least USD 12.02 million. The move aligns with Westrafo's focus on renewable energy grid development in US.

June 2024

EDP Renewables North America has launched its 175-megawatt Crooked Lake Solar Park near Blytheville in Arkansas. The project is expected to generate enough energy to power the equivalent of 30,000 Arkansas homes each year.

June 2024

Trina Storage Solutions US has released Elementa 2 Elevate solution, a fully wrapped cell-to-AC energy storage system in North America. It features LFP batteries, liquid-cooled thermal management system, battery management system, and fire detection & suppression system.

June 2024

National Grid Renewables has announced the start of operation at its 128 MW Wild Springs Solar Project in South Dakota. The project will generate clean energy to power 37,000 homes each year and can also avoid 190,000 metric tonnes of CO2 emissions annually.

Government initiatives for energy efficiency

Government initiatives for modernising existing infrastructure are expected to drive the demand for low voltage transformers in North America. Policies incentivising the integration of smart grid solutions are anticipated to bolster North America low voltage general purpose transformer market growth.

Increasing demand for energy efficiency

There is a growing emphasis on energy efficiency, driving the adoption of low voltage general purpose transformers. These transformers are designed to step down voltage levels from the primary distribution grid to safer levels, reducing energy losses and improving overall system efficiency.

Expansion of renewable energy sources

The increasing investments in renewable energy sources, such as wind and solar power, are creating new opportunities for low voltage general purpose transformers. These transformers are often required for grid interconnection and power conditioning of renewable energy systems.

North America Low Voltage General Purpose Transformer Market Trends

The market is expected to grow significantly in the coming years due to increasing electricity demand, investments in renewable energy, and the need to modernise ageing infrastructure. As per industry reports, USD 12 trillion is expected to be spent on renewables and grid infrastructure in the U.S. and Canada by 2050 due to the declining cost of renewable energy and policies like the Inflation Reduction Act. Such investments can lead to North America low voltage general purpose transformer market development.

Moreover, low voltage general purpose transformers are beneficial since they reduce the risks of electrical shocks as well as short circuits. In both residential and commercial buildings, they help maintain safe electrical settings. Low voltage general purpose transformers ensure fire safety for a variety of end-users, including multi-story buildings, steel mills, tunnels under city streets, hospitals, schools, and the chemical industry.

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North America low voltage general purpose transformer Industry Segmentation

The EMR’s report titled “North America Low Voltage General Purpose Transformer Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Phase

• Single Phase

• Three Phase

Market Breakup by Motor Attachment Position

• Parallel Left

• Parallel Right

• Parallel Top

• Parallel Bottom

• Others

Market Breakup by Power Rating

• Up to 0.5 kVA

• 0.75 kVA to 3 kVA

• 5 kVA to 10 kVA

• Above 10 kVA

Market Breakup by Country

• United States of America

• Canada

• Mexico

North America Low Voltage General Purpose Transformer Market Share

Three phase transformers are preferred in industrial settings while single phase transformers are more common in residential applications where the power demand is lower

Single phase low voltage general purpose transformers are commonly used in residential and small commercial applications. They are designed to handle a single alternating current (AC) circuit and are suitable for powering individual appliances, lighting systems, and small motors. For example, a single phase transformer may be used to power a residential air conditioning unit, a small commercial refrigerator, or a single-phase motor in a small workshop. As per North America low voltage general purpose transformer market analysis, single phase transformers are typically smaller, lighter, and less expensive compared to three phase models.

Three phase low voltage general purpose transformers are primarily used in industrial and large commercial settings. They are designed to handle three AC circuits and are suitable for powering large motors, machinery, and equipment, such as a large industrial motor in a manufacturing plant, a commercial elevator in a high-rise building, or a three-phase air conditioning system in a large office complex. Three phase transformers are often larger, heavier, and more efficient than single phase models. They are also more expensive but can handle higher power loads.

Different motor attachment positions are available in the market and can be used as per the demand of location

The North America low voltage general purpose transformer market report is segmented based on motor attachment position into four main categories: parallel left, parallel right, parallel top, and parallel bottom. The parallel left and parallel right configurations allow the transformer to be positioned alongside the motor, which optimise space in compact areas. The parallel top and parallel bottom orientations enable the transformer to be installed above or below the motor, respectively, to accommodate limited floor or overhead space.

Leading Companies in the North America Low Voltage General Purpose Transformer Market

Market players are focused on growing demand for stable low voltage power supply, as well as on advancing transformer technologies

Schneider Electric SE, founded in 1836, specialises in energy management and automation, creating associated technologies and solutions for power distribution. It enables integrated corporate management for industries, homes, buildings, infrastructure, and data centres by integrating industry-leading process and energy technologies, controls, endpoint to cloud connecting products, software, and services, across the full lifespan.

Emerson Electric Co, headquartered in Missouri, the United States, founded in 1890, sells a variety of electrical distribution equipment, pneumatic devices, industrial valves, fluid control equipment, pneumatic mechanisms, and analytical instrumentation to different sectors.

Micron Industries, founded in 1978 in Idaho, United States, is a provider of low voltage general purpose and buck-boost transformers. The DINergyTM product line from Micron, includes a complete array of DC power supply for industrial settings.

Mouser Electronics, Inc. founded in 1964 and headquartered in Texas, United States, is ranked as the seventh largest electronic component distributor in the world. The company's facilities accommodate inventory for over a million unique SKUs consisting of new products and technologies from over 1,200 manufacturers.

Other key players in the North America low voltage general purpose transformer market include Gross Automation, among others.

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North America Low Voltage General Purpose Transformer Market Analysis by Region

United States of America leads the market due to rising demand for electricity and robust development of commercial and residential sector

The growing number of government initiatives in the US to expand electricity production, distribution, and transmission facilities along with a rise in infrastructural development activities are expected to drive the North America low voltage general purpose transformer market share. Due to the rising demand for electricity from many businesses as well as high electricity demands in residences, the United States is a major consumer of energy and power. This demand is driven by the rising construction of residential real estate, growing population and immigration to US and Canada, and rapid industrialisation. The growing prevalence of equipment and devices that use low voltage electricity in countries such as the United States is expected to provide immense opportunities for the market’s expansion in the coming years.

Key Highlights of the Report

North America Low Voltage General Purpose Transformer Market Report Snapshots

North America Low Voltage General Purpose Transformer Market Size

North America Low Voltage General Purpose Transformer Market Growth

North America Low Voltage General Purpose Transformer Market Trends

North America Low Voltage General Purpose Transformer Market Share

North America Low Voltage General Purpose Transformer Companies

North America Low Voltage General Purpose Transformer Market Regional Analysis