Top USA Transformer Manufacturers & Suppliers Based On Revenue
The top transformer manufacturers and suppliers in the U.S. possess the product capabilities of power transformers, distribution transformers, and HVDC equipment. These are widely utilized in the industries of power, oil and gas, mining, metallurgy, manufacturing, fiber industry, datacenter, renewable energy, marine, etc.
This is a sample list ofthe United States’ top transformer suppliers and manufacturers available on the Beroe LiVE.Ai platform.
|
Company |
State |
Year founded |
|
Condumex |
Texas |
1987 |
|
Niagara Transformer |
New York |
1933 |
|
General Electric |
Massachusetts |
1892 |
NAICS Code: 335311: Power, Distribution, and Specialty Transformer Manufacturing
UNSPSC Code: 39121001: Distribution power transformers
Condumex
Condumex is one of the top transformer suppliers in the U.S. headquartered in Texas. Their product offerings include power cables, building wires, magnet wires, telecom wires and cables, special purpose cables, mining cables, round soft copper conductors, imide polyester/amide imide insulation, 200 C thermal class, MW 35-C, for use in AC motors and high-frequency transformers. Grupo Condumex is an industrial subsidiary of the Company which focuses on the manufacturing and marketing of products and services for the construction and infrastructure, energy, automotive industry, telecommunications, and mining markets.
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Niagara Transformer
For over 95 years Niagara Transformer has secured their place as a top transformer supplier in the U.S. They offer rectifier duty transformers, substation transformers, generator step-up transformers (GSU), grounding transformers, traction duty transformers, liquid-filled transformers, load tap-changing transformers (LTC), voltage regulators, mining duty transformers, auto-transformers. Niagara Power Transformer controls all tank fabrication, welding, painting, and winding, in-house. With ISO 9001 certificate, they serve more than 80 countries worldwide.
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General Electric
General Electric is a top supplier of transformers in the U.S. headquartered in Massachusetts. Their energy expertise spans from renewable wind energy to emission-reducing natural gas as well as physical and digital solutions to modernize the grid connecting it all. Their products are utilized in the industries of aerospace, healthcare, energy, additive manufacturing, materials science, and data analytics. With a dedicated workforce of 172,000 employees General Electric serves more than 170 countries worldwide.
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Transformer Market Overview
Transformer is an electrical device crucial for voltage regulation that is used in the distribution and transmission of Alternating Current (AC) power. Its primary objective is to maintain a balance between the electricity that was generated at very high voltages and consumption which was done at considerably low voltages. Iron and copper are raw materials essential for constructing the core and windings, which constitute the fundamental components of a transformer. Based on the installation location the most common transformer types are power transformers used at power generation stations, as they are suitable for high voltage applications, and distribution transformers mostly used at distribution lanes for domestic purposes which are designed for carrying low voltages. These transformers are widely used in the industries of power (generation, transmission, and distribution), oil and gas, mining, metallurgy, and manufacturing.
According to Beroe’s analysis, the global market size of transformers is ~$35.90 billion which is expected to grow at a CAGR of 3 to 5 percent to $37.34 billion by 2024. The growth is driven by increasing investment in Transmission & Distribution infrastructure. Increasing demand for electricity in emerging and developed countries backed by increasing investment in infrastructure, is expected to drive the transformers market globally. Also, initiatives taken to replace ageing transformers with energy-efficient transformers, especially in North America and Europe, are further expected to drive the power transformers market
The U.S. holds a market size of $7.92 billion which is expected to grow at a CAGR of 2 to 3 percent annually. Shortages of transformers in the United States due to staffing issues and material shortages are causing manufacturers to face the challenge of meeting backlogs. Therefore, the demand for refurbished transformers is increasing as many end-users are using refurbished transformers to meet their current needs.
Globally, volatility in steel, copper, and crude oil prices is expected to restrain the growth of transformers. Such volatility in raw material prices has created pressure on manufacturers’ profit margins, due to which some of the global suppliers in the industry have shifted their production facilities to regions that facilitate the lower cost of manufacturing as well as have a higher demand, like China, India, etc.
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FAQs
Who are the top transformer suppliers in the U.S.?
The top transformer suppliers in the U.S. are Condumex, General Electric, and Niagara Transformer.
What are the key capabilities of transformer suppliersin the U.S.?
The top transformer manufacturers and suppliers in the U.S. possess the product capabilities of power transformers, distribution transformers, and HVDC equipment.
What are the latest opportunities for transformer suppliers in the U.S.?
The integration of digital technologies and data analytics in the energy sector gives transformer manufacturing companies the opportunity to develop and deliver innovative digital solutions for energy management, predictive maintenance, and energy plant optimization.
What are the major concerns faced by the U.S. transformer suppliers that could impact their business?
Changes in energy policies, regulations, or government incentives create uncertainties that affect the demand for certain energy solutions or technologies and could affect the transformer manufacturing business.
