U.S. Oil Filled Distribution Transformer Industry is expected to register over a 4% CAGR between 2021 and 2027, impelled by large-scale integration of renewable energy along with increasing demand for safe, reliable, and efficient electricity supply.

Dry Type Transformer Industry is poised to register over an 8% CAGR between 2020 and 2026, impelled by ongoing government policies toward upgradation of T&D networks.

Key industry players operating in the power transformer market include Toshiba, Hyundai Electric, Hyosung, BHEL, Daihen, Kirloskar, Celme, SPX Transformer, Schneider Electric, CG, Eaton, Siemens, Mitsubishi, GE, ABB and Eaton.