North America Transformer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
The North America transformer market is expected to rise at a CAGR of more than 2.5% during the forecast period of 2020-2025. Factors such as increasing energy demands from the industries and upgrading old transmission and distribution systems are likely going to drive the North America transformer market. However, delay in the implementation of the projects is expected to restrain the North America transformer market.
Key HighlightsThe North America transformer market is fragmented. Some of the key players in this market include Siemens AG, ABB Ltd., General Electric Company, Schneider Electric SE, and Emerson Electric Co.
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