North America Transformer Service Market: Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine War

North America Transformer Service Market: Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine War


The North America transformer service market is expected to grow at a CAGR of around 5.5% during 2024-2033. This report on North America transformer service market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the North America transformer service market by segmenting the market based on type, application and region. Also, detailed profiles of companies operating in the transformer service market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

Market Drivers

• Growing Deployment of Energy-efficient Transformers
• Increased Investments

Market Challenges

• Regular Maintenance

Historical & Forecast Period

Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033

Market by Type

• Field Services
• Engineering Services
• Emergency Response and Remote Monitoring
• Decommissioning
• Other Types

Market by Application

• Power Distribution Service
• Power Source Equipment Service

Market by Region

• United States
• Canada


1. Preface
1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report’s Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions
2. Key Insights
3. North America Transformer Service Market
3.1. Introduction
3.2. Market Drivers
3.3. Market Challenges
4. North America Transformer Service Market Analysis
4.1. Market Portraiture
4.2. Market Size
4.3. Market Forecast
4.4. Impact of COVID-19
4.5. Impact of Russia-Ukraine War
5. North America Transformer Service Market by Type
5.1. Introduction
5.2. Field Services
5.3. Engineering Services
5.4. Emergency Response and Remote Monitoring
5.5. Decommissioning
5.6. Other Types
6. North America Transformer Service Market by Application
6.1. Introduction
6.2. Power Distribution Service
6.3. Power Source Equipment Service
7. North America Transformer Service Market by Region
7.1. Introduction
7.2. United States
7.3. Canada
8. SWOT Analysis
9. Porter’s Five Forces
10. Market Value Chain Analysis
11. Competitive Landscape
11.1. Competitive Scenario
11.2. Company Profiles
11.2.1. AKF Group LLC
11.2.2. American Electrical Testing Co., LLC
11.2.3. Electrical Power Systems
11.2.4. Electrical Reliability Services
11.2.5. General Electric Company
11.2.6. Integrated Power Services
11.2.7. Potomac Testing
11.2.8. RESA Power, LLC
11.2.9. Taurus Power and Controls, Inc.
List of Figures
Figure 1: North America Transformer Service Market (in US$ Million), 2019-2023
Figure 2: North America Transformer Service Market by Type, 2023
Figure 3: North America Transformer Service Market by Application, 2023
Figure 4: North America Transformer Service Market by Region, 2023
Figure 5: North America Transformer Service Market (in US$ Million), 2024-2033
Figure 6: North America Transformer Service Market by Type (in %), 2023 & 2033
Figure 7: North America Field Services Transformer Service Market (in US$ Million), 2019-2023
Figure 8: North America Field Services Transformer Service Market (in US$ Million), 2024-2033
Figure 9: North America Engineering Services Transformer Service Market (in US$ Million), 2019-2023
Figure 10: North America Engineering Services Transformer Service Market (in US$ Million), 2024-2033
Figure 11: North America Emergency Response and Remote Monitoring Transformer Service Market (in US$ Million), 2019-2023
Figure 12: North America Emergency Response and Remote Monitoring Transformer Service Market (in US$ Million), 2024-2033
Figure 13: North America Decommissioning Transformer Service Market (in US$ Million), 2019-2023
Figure 14: North America Decommissioning Transformer Service Market (in US$ Million), 2024-2033
Figure 15: North America Other Types Transformer Service Market (in US$ Million), 2019-2023
Figure 16: North America Other Types Transformer Service Market (in US$ Million), 2024-2033
Figure 17: North America Transformer Service Market by Application (in %), 2023 & 2033
Figure 18: North America Power Distribution Service Transformer Service Market (in US$ Million), 2019-2023
Figure 19: North America Power Distribution Service Transformer Service Market (in US$ Million), 2024-2033
Figure 20: North America Power Source Equipment Service Transformer Service Market (in US$ Million), 2019-2023
Figure 21: North America Power Source Equipment Service Transformer Service Market (in US$ Million), 2024-2033
Figure 22: North America Transformer Service Market by Region (in %), 2023 & 2033
Figure 23: United States Transformer Service Market (in US$ Million), 2019-2023
Figure 24: United States Transformer Service Market (in US$ Million), 2024-2033
Figure 25: Canada Transformer Service Market (in US$ Million), 2019-2023
Figure 26: Canada Transformer Service Market (in US$ Million), 2024-2033
Figure 27: Market Value Chain
List of Tables
Table 1: North America Transformer Service Market Portraiture
Table 2: North America Transformer Service Market by Type (in US$ Million), 2023 & 2033
Table 3: North America Transformer Service Market by Application (in US$ Million), 2023 & 2033
Table 4: North America Transformer Service Market by Region (in US$ Million), 2023 & 2033
Table 5: List of Key Players

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