Transformer Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 2/12/2018
SIC Codes: 3612
NAICS Codes: 335311
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Transformer Manufacturing Industry Profile

Companies in this industry manufacture power, distribution, and specialty transformers. Major companies include ABB (Switzerland), General Electric (US), Jiangsu Huapeng Transformer (China), Mitsubishi Electric (Japan), Siemens (Germany), and Schneider Electric (France).

The global transformer market is expected to experience annual growth of about 5% and reach $70 billion by 2024, according to Global Market Insights. Leading countries for transformer manufacturing include China, France, Germany, Japan, and the US. Amid rising electricity demand and infrastructure investment, the Asia/Pacific region, Africa, and the Middle East are expected to be key markets for the industry through 2024.

The US transformer manufacturing industry includes about 230 companies with combined annual revenue of about $5 billion.


Demand is driven by construction spending and industrial production. The profitability of individual companies depends on efficient manufacturing and economies of scale in purchasing. Large companies compete by offering a variety of transformer products to utilities and industrial customers. Small companies can compete by offering innovative, niche products to industrial and consumer product customers. The US industry is highly concentrated: the 50 largest companies account for nearly 90 percent of industry revenue.

Imports, primarily from Mexico, Canada, South Korea, and China, account for about 40% of the US market. About 15% of US production is exported, chiefly to Canada and Mexico.


Major products include power and distribution transformers used in electricity transmission and distribution grids. Other products include ballasts for lamps ...

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