U.S. Power, Distribution, And Specialty Transformer Market. Analysis And Forecast to 2030
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View PricingPrice for Power, Distribution and Specialty Transformer in the United States - 2023
Contents:
- Price for Power, Distribution and Specialty Transformer in the United States (CIF) - 2022
- Price for Power, Distribution and Specialty Transformer in the United States (FOB) - 2022
- Imports of Power, Distribution and Specialty Transformer in the United States
- Exports of Power, Distribution and Specialty Transformer in the United States
Price for Power, Distribution and Specialty Transformer in the United States (CIF) - 2022
In 2022, the average import price for power, distribution, and specialty transformers amounted to $12 per unit, shrinking by -5.4% against the previous year. In general, the import price recorded a pronounced setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 33%. As a result, import price attained the peak level of $19 per unit. From 2021 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($35 per unit), while the price for China ($2.5 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by India (+33.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Power, Distribution and Specialty Transformer in the United States (FOB) - 2022
The average export price for power, distribution, and specialty transformers stood at $8.8 per unit in 2022, increasing by 44% against the previous year. In general, the export price, however, continues to indicate a abrupt contraction. Over the period under review, the average export prices reached the peak figure at $66 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($196 per unit), while the average price for exports to Honduras ($1.8 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+15.7%), while the prices for the other major destinations experienced a decline.
Imports of Power, Distribution and Specialty Transformer in the United States
In 2022, imports of power, distribution, and specialty transformers into the United States skyrocketed to 346M units, rising by 41% against 2021 figures. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 55% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, power, distribution and specialty transformer imports soared to $4B in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Power, Distribution and Specialty Transformer in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,151 | 1,330 | 1,340 | 1,897 | 18.1% |
| Canada | 401 | 438 | 492 | 652 | 17.6% |
| South Korea | 165 | 157 | 208 | 273 | 18.3% |
| China | 192 | 220 | 167 | 179 | -2.3% |
| Germany | 88.9 | 112 | 109 | 113 | 8.3% |
| India | 37.6 | 37.8 | 48.8 | 96.8 | 37.1% |
| Taiwan (Chinese) | 63.2 | 54.8 | 58.3 | 54.7 | -4.7% |
| Poland | 15.3 | 35.7 | 24.2 | 34.1 | 30.6% |
| United Kingdom | 19.0 | 16.3 | 13.4 | 12.5 | -13.0% |
| Philippines | 1.2 | 2.4 | 2.3 | 1.1 | -2.9% |
| Others | 587 | 591 | 575 | 734 | 7.7% |
| Total | 2,721 | 2,994 | 3,038 | 4,048 | 14.2% |
Top Suppliers of Power, Distribution and Specialty Transformer to the United States in 2022:
- Mexico (185.8M units)
- China (71.6M units)
- Canada (18.6M units)
- South Korea (14.5M units)
- Germany (12.6M units)
- Poland (6.3M units)
- India (4.9M units)
- Taiwan (Chinese) (4.8M units)
- Philippines (3.7M units)
- United Kingdom (3.4M units)
Exports of Power, Distribution and Specialty Transformer in the United States
In 2022, overseas shipments of power, distribution, and specialty transformers decreased by -21% to 55M units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 890%. As a result, the exports reached the peak of 74M units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, power, distribution and specialty transformer exports skyrocketed to $489M in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The exports peaked at $493M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Power, Distribution and Specialty Transformer in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 170 | 140 | 139 | 182 | 2.3% |
| Mexico | 97.8 | 88.7 | 100 | 108 | 3.4% |
| China | 19.1 | 19.1 | 22.2 | 20.6 | 2.6% |
| Hong Kong SAR | 3.1 | 4.0 | 4.5 | 3.2 | 1.1% |
| Honduras | 4.2 | 2.7 | 3.5 | 2.6 | -14.8% |
| Others | 199 | 152 | 155 | 173 | -4.6% |
| Total | 493 | 406 | 424 | 489 | -0.3% |
Top Export Markets for Power, Distribution and Specialty Transformer from the United States in 2022:
- Mexico (46.2M units)
- Honduras (1.4M units)
- China (1.4M units)
- Hong Kong SAR (1.0M units)
- Canada (0.9M units)
This report provides an in-depth analysis of the market for power, distribution and specialty transformer in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 335311 - Power, distribution, and specialty transformer manufacturing
Companies mentioned:
- Weg Electric Corp.
- C.D. Technologies
- Powell Industries
- Intermatic Incorporated
- Spellman High Voltage Electronics Corporation
- Cooper Power Systems
- Bellofram Corporation
- Transistor Devices
- Delta Star
- Power Partners
- Electro-Mechanical Corporation
- Solomon Transformers
- Kentucky Association of Electric Cooperatives
- Universal Lighting Technologies
- SPX Transformer Solutions
- Central Moloney
- Pioneer Power Solutions
- Pennsylvania Transformer Technology
- Cg Power Systems USA
- Sternschnuppe
- Power Paragon
- SPD Electrical Systems
- Instrument Transformers
- Holien
- GE Drives & Controls
- Pulse Electronics
- ABB Holdings
- Asea Brown Boveri
- ABB Power T & D Company
- Power Products
- GE Grid Solutions
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The U.S. power, distribution, and specialty transformer market amounted to $X, a decrease of X% against the previous year. Over the last five years, the market volume contracted at a moderate pace. Prior to this, the market volume declined signifi
3024
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