Reports
Reports
Sale
The United States of America is expected to hold a significant share in the market driven by an ageing transformer infrastructure
According to the North America transformer service market analysis, an ageing transformer infrastructure across the United States creates opportunities for modernisation, repair, and replacement transformer services. Further, climate change drives the need for greater infrastructural investment and the demand for transformers to prevent and reduce power outages, as well as support the USA’s transition to renewable energy.
According to the North America transformer service market report, as the development of renewable energy infrastructure is crucial to foster a prospering economy, Canada supports governmental spending on new transmission lines. Consequently, the installation of transmission lines aids the demand for new transformers and the need for transformer services. Further, Canada is a significant manufacturer of transformers globally. The Canadian transformer sector is expanding at a rapid rate and is a significant contributor to the country’s total electrical manufacturing revenue.
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
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.
Datasheet
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.