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PUBLISHER: KBV Research | PRODUCT CODE: 1605499
PUBLISHER: KBV Research | PRODUCT CODE: 1605499
North America Flexible Transformers Market Size, Share & Trends Analysis Report By Type, By Voltage Level, By Power Rating, By Technology, By Application, By End User, By Country and Growth Forecast, 2024 - 2031
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The North America Flexible Transformers Market would witness market growth of 16.1% CAGR during the forecast period (2024-2031).
The US market dominated the North America Flexible Transformers Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,181 million by 2031. The Canada market is experiencing a CAGR of 18.6% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 17.6% during (2024 - 2031).
This market is experiencing significant growth as industries demand more versatile, efficient, and compact energy solutions. Traditional rigid transformers have long been the backbone of electrical power distribution and grid systems. Still, the rapidly evolving landscape of renewable energy, electric vehicles, IoT systems, and portable electronics has driven the demand for flexible and efficient transformers.
These transformers find applications across various industries, including renewable energy, transportation, telecommunications, consumer electronics, healthcare, etc. They are increasingly being used in solar and wind energy systems. Their lightweight and compact nature allows them to be integrated into flexible solar panels or wind turbine blades, which can be deployed in various environments, including remote areas and those with limited space.
The growing focus on renewable energy and the rising demand for power generation in Mexico and the United States significantly influence various sectors, including this market. As countries aim to meet their energy demands sustainably, innovations in power infrastructure, such as flexible transformers, are becoming increasingly essential. Mexico's ambitious goal to generate 35% of its electricity from clean energy sources by 2024 highlights its growing focus on renewable energy development. The rising power generation in the U.S. is accompanied by an increasing need for grid infrastructure to handle the growing demand and the integration of renewable energy sources. These transformers are essential for this purpose, as they offer the flexibility to manage power flow and voltage fluctuations characteristic of renewable energy sources. Thus, the rising renewable energy sector in Mexico and the increasing power generation capacity in the U.S. are key factors driving the demand for these transformers.
Based on Type, the market is segmented into Solid-State Flexible Transformers, Modular Transformers, and Bi-Directional Transformers. Based on Voltage Level, the market is segmented into Medium Voltage, Low Voltage, and High Voltage. Based on Power Rating, the market is segmented into Medium-Scale (10 to 250 kVA), Large-Scale (above 250 kVA), and Small-Scale (up to 10 kVA). Based on Technology, the market is segmented into Solid-State Electronics, Magnetic Core Material Innovations, and Digital Monitoring and Control. Based on Application, the market is segmented into Renewable Energy Integration, Electric Vehicle (EV) Charging Stations, Smart Grids, Industrial and Commercial Facilities, and Other Application. Based on End User, the market is segmented into Utility Companies, Industrial Sector, Commercial Sector, Residential Sector, and Other End User. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Schneider Electric SE
- Siemens AG
- General Electric Company
- Eaton Corporation plc
- ABB Group
- Hitachi, Ltd.
- Toshiba Corporation
- Mitsubishi Electric Corporation
- Vertiv Holdings Co.
- Bharat Heavy Electricals Ltd.
North America Flexible Transformers Market Report Segmentation
By Type
- Solid-State Flexible Transformers
- Modular Transformers
- Bi-Directional Transformers
By Voltage Level
- Medium Voltage
- Low Voltage
- High Voltage
By Power Rating
- Medium-Scale (10 to 250 kVA)
- Large-Scale (above 250 kVA)
- Small-Scale (up to 10 kVA)
By Technology
- Solid-State Electronics
- Magnetic Core Material Innovations
- Digital Monitoring and Control
By Application
- Renewable Energy Integration
- Electric Vehicle (EV) Charging Stations
- Smart Grids
- Industrial and Commercial Facilities
- Other Application
By End User
- Utility Companies
- Industrial Sector
- Commercial Sector
- Residential Sector
- Other End User
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Flexible Transformers Market, by Type
- 1.4.2 North America Flexible Transformers Market, by Voltage Level
- 1.4.3 North America Flexible Transformers Market, by Power Rating
- 1.4.4 North America Flexible Transformers Market, by Technology
- 1.4.5 North America Flexible Transformers Market, by Application
- 1.4.6 North America Flexible Transformers Market, by End User
- 1.4.7 North America Flexible Transformers 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
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 Market Share Analysis, 2023
- 4.2 Porter Five Forces Analysis
Chapter 5. North America Flexible Transformers Market by Type
- 5.1 North America Solid-State Flexible Transformers Market by Country
- 5.2 North America Modular Transformers Market by Country
- 5.3 North America Bi-Directional Transformers Market by Country
Chapter 6. North America Flexible Transformers Market by Voltage Level
- 6.1 North America Medium Voltage Market by Country
- 6.2 North America Low Voltage Market by Country
- 6.3 North America High Voltage Market by Country
Chapter 7. North America Flexible Transformers Market by Power Rating
- 7.1 North America Medium-Scale (10 to 250 kVA) Market by Country
- 7.2 North America Large-Scale (above 250 kVA) Market by Country
- 7.3 North America Small-Scale (up to 10 kVA) Market by Country
Chapter 8. North America Flexible Transformers Market by Technology
- 8.1 North America Solid-State Electronics Market by Country
- 8.2 North America Magnetic Core Material Innovations Market by Country
- 8.3 North America Digital Monitoring and Control Market by Country
Chapter 9. North America Flexible Transformers Market by Application
- 9.1 North America Renewable Energy Integration Market by Country
- 9.2 North America Electric Vehicle (EV) Charging Stations Market by Country
- 9.3 North America Smart Grids Market by Country
- 9.4 North America Industrial and Commercial Facilities Market by Country
- 9.5 North America Other Application Market by Country
Chapter 10. North America Flexible Transformers Market by End User
- 10.1 North America Utility Companies Market by Country
- 10.2 North America Industrial Sector Market by Country
- 10.3 North America Commercial Sector Market by Country
- 10.4 North America Residential Sector Market by Country
- 10.5 North America Other End User Market by Country
Chapter 11. North America Flexible Transformers Market by Country
- 11.1 US Flexible Transformers Market
- 11.1.1 US Flexible Transformers Market by Type
- 11.1.2 US Flexible Transformers Market by Voltage Level
- 11.1.3 US Flexible Transformers Market by Power Rating
- 11.1.4 US Flexible Transformers Market by Technology
- 11.1.5 US Flexible Transformers Market by Application
- 11.1.6 US Flexible Transformers Market by End User
- 11.2 Canada Flexible Transformers Market
- 11.2.1 Canada Flexible Transformers Market by Type
- 11.2.2 Canada Flexible Transformers Market by Voltage Level
- 11.2.3 Canada Flexible Transformers Market by Power Rating
- 11.2.4 Canada Flexible Transformers Market by Technology
- 11.2.5 Canada Flexible Transformers Market by Application
- 11.2.6 Canada Flexible Transformers Market by End User
- 11.3 Mexico Flexible Transformers Market
- 11.3.1 Mexico Flexible Transformers Market by Type
- 11.3.2 Mexico Flexible Transformers Market by Voltage Level
- 11.3.3 Mexico Flexible Transformers Market by Power Rating
- 11.3.4 Mexico Flexible Transformers Market by Technology
- 11.3.5 Mexico Flexible Transformers Market by Application
- 11.3.6 Mexico Flexible Transformers Market by End User
- 11.4 Rest of North America Flexible Transformers Market
- 11.4.1 Rest of North America Flexible Transformers Market by Type
- 11.4.2 Rest of North America Flexible Transformers Market by Voltage Level
- 11.4.3 Rest of North America Flexible Transformers Market by Power Rating
- 11.4.4 Rest of North America Flexible Transformers Market by Technology
- 11.4.5 Rest of North America Flexible Transformers Market by Application
- 11.4.6 Rest of North America Flexible Transformers Market by End User
Chapter 12. Company Profiles
- 12.1 Schneider Electric SE
- 12.1.1 Company Overview
- 12.1.2 Financial Analysis
- 12.1.3 Segmental and Regional Analysis
- 12.1.4 Research & Development Expense
- 12.1.5 SWOT Analysis
- 12.2 Siemens AG
- 12.2.1 Company Overview
- 12.2.2 Financial Analysis
- 12.2.3 Segmental and Regional Analysis
- 12.2.4 Research & Development Expense
- 12.2.5 SWOT Analysis
- 12.3 General Electric Company
- 12.3.1 Company Overview
- 12.3.2 Financial Analysis
- 12.3.3 Segmental and Regional Analysis
- 12.3.4 Research & Development Expense
- 12.3.5 SWOT Analysis
- 12.4 Eaton Corporation PLC
- 12.4.1 Company Overview
- 12.4.2 Financial Analysis
- 12.4.3 Segmental and Regional Analysis
- 12.4.4 Research & Development Expense
- 12.4.5 SWOT Analysis
- 12.5 ABB Group
- 12.5.1 Company Overview
- 12.5.2 Financial Analysis
- 12.5.3 Segmental and Regional Analysis
- 12.5.4 Research & Development Expense
- 12.5.5 SWOT Analysis
- 12.6 Hitachi, Ltd.
- 12.6.1 Company Overview
- 12.6.2 Financial Analysis
- 12.6.3 Segmental and Regional Analysis
- 12.6.4 Research & Development Expenses
- 12.6.5 SWOT Analysis
- 12.7 Toshiba Corporation
- 12.7.1 Company Overview
- 12.7.2 Financial Analysis
- 12.7.3 Segmental and Regional Analysis
- 12.7.4 Research and Development Expense
- 12.7.5 SWOT Analysis
- 12.8 Mitsubishi Electric Corporation
- 12.8.1 Company Overview
- 12.8.2 Financial Analysis
- 12.8.3 Segmental and Regional Analysis
- 12.8.4 Research & Development Expense
- 12.8.5 SWOT Analysis
- 12.9 Vertiv Holdings Co.
- 12.9.1 Company Overview
- 12.9.2 Financial Analysis
- 12.9.3 Regional Analysis
- 12.10. Bharat Heavy Electricals Ltd.
- 12.10.1 Company Overview
- 12.10.2 Financial Analysis
- 12.10.3 Segmental and Regional Analysis
- 12.10.4 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America Flexible Transformers Market, 2020 - 2023, USD Million
- TABLE 2 North America Flexible Transformers Market, 2024 - 2031, USD Million
- TABLE 3 North America Flexible Transformers Market by Type, 2020 - 2023, USD Million
- TABLE 4 North America Flexible Transformers Market by Type, 2024 - 2031, USD Million
- TABLE 5 North America Solid-State Flexible Transformers Market by Country, 2020 - 2023, USD Million
- TABLE 6 North America Solid-State Flexible Transformers Market by Country, 2024 - 2031, USD Million
- TABLE 7 North America Modular Transformers Market by Country, 2020 - 2023, USD Million
- TABLE 8 North America Modular Transformers Market by Country, 2024 - 2031, USD Million
- TABLE 9 North America Bi-Directional Transformers Market by Country, 2020 - 2023, USD Million
- TABLE 10 North America Bi-Directional Transformers Market by Country, 2024 - 2031, USD Million
- TABLE 11 North America Flexible Transformers Market by Voltage Level, 2020 - 2023, USD Million
- TABLE 12 North America Flexible Transformers Market by Voltage Level, 2024 - 2031, USD Million
- TABLE 13 North America Medium Voltage Market by Country, 2020 - 2023, USD Million
- TABLE 14 North America Medium Voltage Market by Country, 2024 - 2031, USD Million
- TABLE 15 North America Low Voltage Market by Country, 2020 - 2023, USD Million
- TABLE 16 North America Low Voltage Market by Country, 2024 - 2031, USD Million
- TABLE 17 North America High Voltage Market by Country, 2020 - 2023, USD Million
- TABLE 18 North America High Voltage Market by Country, 2024 - 2031, USD Million
- TABLE 19 North America Flexible Transformers Market by Power Rating, 2020 - 2023, USD Million
- TABLE 20 North America Flexible Transformers Market by Power Rating, 2024 - 2031, USD Million
- TABLE 21 North America Medium-Scale (10 to 250 kVA) Market by Country, 2020 - 2023, USD Million
- TABLE 22 North America Medium-Scale (10 to 250 kVA) Market by Country, 2024 - 2031, USD Million
- TABLE 23 North America Large-Scale (above 250 kVA) Market by Country, 2020 - 2023, USD Million
- TABLE 24 North America Large-Scale (above 250 kVA) Market by Country, 2024 - 2031, USD Million
- TABLE 25 North America Small-Scale (up to 10 kVA) Market by Country, 2020 - 2023, USD Million
- TABLE 26 North America Small-Scale (up to 10 kVA) Market by Country, 2024 - 2031, USD Million
- TABLE 27 North America Flexible Transformers Market by Technology, 2020 - 2023, USD Million
- TABLE 28 North America Flexible Transformers Market by Technology, 2024 - 2031, USD Million
- TABLE 29 North America Solid-State Electronics Market by Country, 2020 - 2023, USD Million
- TABLE 30 North America Solid-State Electronics Market by Country, 2024 - 2031, USD Million
- TABLE 31 North America Magnetic Core Material Innovations Market by Country, 2020 - 2023, USD Million
- TABLE 32 North America Magnetic Core Material Innovations Market by Country, 2024 - 2031, USD Million
- TABLE 33 North America Digital Monitoring and Control Market by Country, 2020 - 2023, USD Million
- TABLE 34 North America Digital Monitoring and Control Market by Country, 2024 - 2031, USD Million
- TABLE 35 North America Flexible Transformers Market by Application, 2020 - 2023, USD Million
- TABLE 36 North America Flexible Transformers Market by Application, 2024 - 2031, USD Million
- TABLE 37 North America Renewable Energy Integration Market by Country, 2020 - 2023, USD Million
- TABLE 38 North America Renewable Energy Integration Market by Country, 2024 - 2031, USD Million
- TABLE 39 North America Electric Vehicle (EV) Charging Stations Market by Country, 2020 - 2023, USD Million
- TABLE 40 North America Electric Vehicle (EV) Charging Stations Market by Country, 2024 - 2031, USD Million
- TABLE 41 North America Smart Grids Market by Country, 2020 - 2023, USD Million
- TABLE 42 North America Smart Grids Market by Country, 2024 - 2031, USD Million
- TABLE 43 North America Industrial and Commercial Facilities Market by Country, 2020 - 2023, USD Million
- TABLE 44 North America Industrial and Commercial Facilities Market by Country, 2024 - 2031, USD Million
- TABLE 45 North America Other Application Market by Country, 2020 - 2023, USD Million
- TABLE 46 North America Other Application Market by Country, 2024 - 2031, USD Million
- TABLE 47 North America Flexible Transformers Market by End User, 2020 - 2023, USD Million
- TABLE 48 North America Flexible Transformers Market by End User, 2024 - 2031, USD Million
- TABLE 49 North America Utility Companies Market by Country, 2020 - 2023, USD Million
- TABLE 50 North America Utility Companies Market by Country, 2024 - 2031, USD Million
- TABLE 51 North America Industrial Sector Market by Country, 2020 - 2023, USD Million
- TABLE 52 North America Industrial Sector Market by Country, 2024 - 2031, USD Million
- TABLE 53 North America Commercial Sector Market by Country, 2020 - 2023, USD Million
- TABLE 54 North America Commercial Sector Market by Country, 2024 - 2031, USD Million
- TABLE 55 North America Residential Sector Market by Country, 2020 - 2023, USD Million
- TABLE 56 North America Residential Sector Market by Country, 2024 - 2031, USD Million
- TABLE 57 North America Other End User Market by Country, 2020 - 2023, USD Million
- TABLE 58 North America Other End User Market by Country, 2024 - 2031, USD Million
- TABLE 59 North America Flexible Transformers Market by Country, 2020 - 2023, USD Million
- TABLE 60 North America Flexible Transformers Market by Country, 2024 - 2031, USD Million
- TABLE 61 US Flexible Transformers Market, 2020 - 2023, USD Million
- TABLE 62 US Flexible Transformers Market, 2024 - 2031, USD Million
- TABLE 63 US Flexible Transformers Market by Type, 2020 - 2023, USD Million
- TABLE 64 US Flexible Transformers Market by Type, 2024 - 2031, USD Million
- TABLE 65 US Flexible Transformers Market by Voltage Level, 2020 - 2023, USD Million
- TABLE 66 US Flexible Transformers Market by Voltage Level, 2024 - 2031, USD Million
- TABLE 67 US Flexible Transformers Market by Power Rating, 2020 - 2023, USD Million
- TABLE 68 US Flexible Transformers Market by Power Rating, 2024 - 2031, USD Million
- TABLE 69 US Flexible Transformers Market by Technology, 2020 - 2023, USD Million
- TABLE 70 US Flexible Transformers Market by Technology, 2024 - 2031, USD Million
- TABLE 71 US Flexible Transformers Market by Application, 2020 - 2023, USD Million
- TABLE 72 US Flexible Transformers Market by Application, 2024 - 2031, USD Million
- TABLE 73 US Flexible Transformers Market by End User, 2020 - 2023, USD Million
- TABLE 74 US Flexible Transformers Market by End User, 2024 - 2031, USD Million
- TABLE 75 Canada Flexible Transformers Market, 2020 - 2023, USD Million
- TABLE 76 Canada Flexible Transformers Market, 2024 - 2031, USD Million
- TABLE 77 Canada Flexible Transformers Market by Type, 2020 - 2023, USD Million
- TABLE 78 Canada Flexible Transformers Market by Type, 2024 - 2031, USD Million
- TABLE 79 Canada Flexible Transformers Market by Voltage Level, 2020 - 2023, USD Million
- TABLE 80 Canada Flexible Transformers Market by Voltage Level, 2024 - 2031, USD Million
- TABLE 81 Canada Flexible Transformers Market by Power Rating, 2020 - 2023, USD Million
- TABLE 82 Canada Flexible Transformers Market by Power Rating, 2024 - 2031, USD Million
- TABLE 83 Canada Flexible Transformers Market by Technology, 2020 - 2023, USD Million
- TABLE 84 Canada Flexible Transformers Market by Technology, 2024 - 2031, USD Million
- TABLE 85 Canada Flexible Transformers Market by Application, 2020 - 2023, USD Million
- TABLE 86 Canada Flexible Transformers Market by Application, 2024 - 2031, USD Million
- TABLE 87 Canada Flexible Transformers Market by End User, 2020 - 2023, USD Million
- TABLE 88 Canada Flexible Transformers Market by End User, 2024 - 2031, USD Million
- TABLE 89 Mexico Flexible Transformers Market, 2020 - 2023, USD Million
- TABLE 90 Mexico Flexible Transformers Market, 2024 - 2031, USD Million
- TABLE 91 Mexico Flexible Transformers Market by Type, 2020 - 2023, USD Million
- TABLE 92 Mexico Flexible Transformers Market by Type, 2024 - 2031, USD Million
- TABLE 93 Mexico Flexible Transformers Market by Voltage Level, 2020 - 2023, USD Million
- TABLE 94 Mexico Flexible Transformers Market by Voltage Level, 2024 - 2031, USD Million
- TABLE 95 Mexico Flexible Transformers Market by Power Rating, 2020 - 2023, USD Million
- TABLE 96 Mexico Flexible Transformers Market by Power Rating, 2024 - 2031, USD Million
- TABLE 97 Mexico Flexible Transformers Market by Technology, 2020 - 2023, USD Million
- TABLE 98 Mexico Flexible Transformers Market by Technology, 2024 - 2031, USD Million
- TABLE 99 Mexico Flexible Transformers Market by Application, 2020 - 2023, USD Million
- TABLE 100 Mexico Flexible Transformers Market by Application, 2024 - 2031, USD Million
- TABLE 101 Mexico Flexible Transformers Market by End User, 2020 - 2023, USD Million
- TABLE 102 Mexico Flexible Transformers Market by End User, 2024 - 2031, USD Million
- TABLE 103 Rest of North America Flexible Transformers Market, 2020 - 2023, USD Million
- TABLE 104 Rest of North America Flexible Transformers Market, 2024 - 2031, USD Million
- TABLE 105 Rest of North America Flexible Transformers Market by Type, 2020 - 2023, USD Million
- TABLE 106 Rest of North America Flexible Transformers Market by Type, 2024 - 2031, USD Million
- TABLE 107 Rest of North America Flexible Transformers Market by Voltage Level, 2020 - 2023, USD Million
- TABLE 108 Rest of North America Flexible Transformers Market by Voltage Level, 2024 - 2031, USD Million
- TABLE 109 Rest of North America Flexible Transformers Market by Power Rating, 2020 - 2023, USD Million
- TABLE 110 Rest of North America Flexible Transformers Market by Power Rating, 2024 - 2031, USD Million
- TABLE 111 Rest of North America Flexible Transformers Market by Technology, 2020 - 2023, USD Million
- TABLE 112 Rest of North America Flexible Transformers Market by Technology, 2024 - 2031, USD Million
- TABLE 113 Rest of North America Flexible Transformers Market by Application, 2020 - 2023, USD Million
- TABLE 114 Rest of North America Flexible Transformers Market by Application, 2024 - 2031, USD Million
- TABLE 115 Rest of North America Flexible Transformers Market by End User, 2020 - 2023, USD Million
- TABLE 116 Rest of North America Flexible Transformers Market by End User, 2024 - 2031, USD Million
- TABLE 117 Key Information - Schneider Electric SE
- TABLE 118 Key Information - Siemens AG
- TABLE 119 Key Information - General Electric Company
- TABLE 120 Key Information - Eaton Corporation PLC
- TABLE 121 Key Information - ABB Group
- TABLE 122 Key Information - Hitachi, Ltd.
- TABLE 123 Key Information - Toshiba Corporation
- TABLE 124 Key Information - Mitsubishi Electric Corporation
- TABLE 125 Key Information - Vertiv Holdings Co.
- TABLE 126 Key information - Bharat Heavy Electricals Ltd.
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