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North America Transformer Service Market Size, Forecast: By Type: Field Services, Engineering Services, Emergency Response and Remote Monitoring, Decommissioning, Others; By Application: Power Distribution Service, Power Source Equipment Service; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

North America Transformer Service Market Trends

Notably, significant power disruptions in the United States are caused by natural occurrences such as hurricanes, heat waves, and wildfires. As the effects of global warming intensify, the country is projected to witness a rise in power outages, particularly due to its ageing power grid. As a result, stakeholders are expected to invest in the modernisation of the grid providing an opportunity for transformer-related services.

 

North America Transformer Service Market Report Snapshots

North America Transformer Service Market Size

North America Transformer Service Market Trends

North America Transformer Service Market Regional Analysis

North America Transformer Service Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    North America Transformer Service Market Overview

    8.1    Key Industry Highlights
    8.2    North America Transformer Service Historical Market (2018-2023) 
    8.3    North America Transformer Service Market Forecast (2024-2032)
9    North America Transformer Service Market by Type
    9.1    Field Services
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032) 
        9.1.3    Breakup by Type 
            9.1.3.1    Testing 
            9.1.3.2    Start Up and Installation 
            9.1.3.3    Annual Maintenance
            9.1.3.4    Acceptance Testing  
            9.1.3.5    Commissioning
    9.2    Engineering Services
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032) 
        9.2.3    Breakup by Type 
            9.2.3.1    Short Circuit Testing 
            9.2.3.2    Power Quality Audits 
            9.2.3.3    Arc Flash Studies
    9.3    Emergency Response and Remote Monitoring
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
    9.4    Decommissioning
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
    9.5    Others
10    North America Transformer Service Market by Application
    10.1    Power Distribution Service
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032) 
        10.1.3    Breakup by Type 
            10.1.3.1    Field Services 
            10.1.3.2    Field Start Up and Commissioning of New Equipment 
            10.1.3.3    Modernisation 
            10.1.3.4    Disaster Recovery 
            10.1.3.5    Extended Warranty Services 
            10.1.3.6    Safety and Risk Management 
            10.1.3.7    Testing 
            10.1.3.8    Decommissioning 
            10.1.3.9    Vibration Analysis
    10.2    Power Source Equipment Service
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032) 
        10.2.3    Breakup by Type 
            10.2.3.1    Power System Studies 
            10.2.3.2    Consulting and Advisory Services 
            10.2.3.3    Design Engineering 
            10.2.3.4    Arc Flash Studies 
            10.2.3.5    Power Quality Studies 
            10.2.3.6    Power Factor Correction Studies and Harmonic Analysis 
            10.2.3.7    Others
11    North America Transformer Service Market by Country
    11.1    United States of America
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032) 
        11.1.3    Breakup by Region
            11.1.3.1    New England  
            11.1.3.2    Mideast  
            11.1.3.3    Great Lakes   
            11.1.3.4    Plains  
            11.1.3.5    Southeast  
            11.1.3.6    Southwest  
            11.1.3.7    Rocky Mountain  
            11.1.3.8    Far West  
    11.2    Canada
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
        11.2.3    Breakup by Region 
            11.2.3.1    Northern Canada  
            11.2.3.2    British Columbia  
            11.2.3.3    Alberta   
            11.2.3.4    The Prairies  
            11.2.3.5    Central Canada  
            11.2.3.6    Atlantic Canada   
12    Market Dynamics
    12.1    SWOT Analysis
        12.1.1    Strengths
        12.1.2    Weaknesses
        12.1.3    Opportunities
        12.1.4    Threats
    12.2    Porter’s Five Forces Analysis
        12.2.1    Supplier’s Power
        12.2.2    Buyer’s Power
        12.2.3    Threat of New Entrants
        12.2.4    Degree of Rivalry
        12.2.5    Threat of Substitutes
    12.3    Key Indicators of Demand
    12.4    Key Indicators of Price
13    North America Transformer Testing and Maintenance Standards
14    Competitive Landscape

    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    AKF Group LLC
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Electrical Power Systems
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    RESA Power, LLC
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    American Electrical Testing Co., LLC
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Taurus Power and Controls, Inc.
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Potomac Testing
            14.2.6.1    Company Overview
            14.2.6.2    Product Portfolio
            14.2.6.3    Demographic Reach and Achievements
            14.2.6.4    Certifications
        14.2.7    Electrical Reliability Services  
            14.2.7.1    Company Overview
            14.2.7.2    Product Portfolio
            14.2.7.3    Demographic Reach and Achievements
            14.2.7.4    Certifications
        14.2.8    Integrated Power Services
            14.2.8.1    Company Overview
            14.2.8.2    Product Portfolio
            14.2.8.3    Demographic Reach and Achievements
            14.2.8.4    Certifications
        14.2.9    General Electric Company
            14.2.9.1    Company Overview
            14.2.9.2    Product Portfolio
            14.2.9.3    Demographic Reach and Achievements
            14.2.9.4    Certifications
        14.2.10    Others
15    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    North America Transformer Service Market: Key Industry Highlights, 2018 and 2032
2.    North America Transformer Service Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    North America Transformer Service Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    North America Transformer Service Historical Market: Breakup by Application (USD Billion), 2018-2023
5.    North America Transformer Service Market Forecast: Breakup by Application (USD Billion), 2024-2032
6.    North America Transformer Service Historical Market: Breakup by Country (USD Billion), 2018-2023
7.    North America Transformer Service Market Forecast: Breakup by Country (USD Billion), 2024-2032
8.    North America Transformer Service Market Structure

Key Questions Answered in the Report

The North America transformer service market is assessed to grow at a CAGR of 5.5% between 2024 and 2032.

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach about USD 13.60 billion by 2032.

Operation of power transformers involves processes such as external inspection, measurement of oil temperature and load, phasing, corrective and preventive maintenance, and overhauls, among others.

Transformers need routine maintenance to ensure they run smoothly and operate safely.

The major market drivers are the growing demand for power supply and increased investment in power infrastructure.

The key trends of the North America transformer service market include the growing deployment of energy-efficient transformers, a rise in the demand for maintenance, repair, and replacement services for old transformers, increased investments in smart transformers, and favourable government policies for the refurbishment and modernisation of old grid infrastructure.

The major regions in the market are the United States of America and Canada.

Various applications are power distribution service and power source equipment service.

The key players in the market are AKF Group LLC, Electrical Power Systems, RESA Power, LLC, American Electrical Testing Co., LLC, Taurus Power and Controls, Inc., Potomac Testing, Electrical Reliability Services, Integrated Power Services, and General Electric Company, among others.

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