Market Size of US Distribution Transformer Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 3.75 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Distribution Transformer Market Analysis
The United States Distribution Transformer Market size is expected to grow from USD 3.84 billion in 2023 to USD 4.62 billion by 2028, at a CAGR of 3.75% during the forecast period (2023-2028).
- Over the medium term, investments and efforts to modernize the T&D grid are expected to drive the market's growth.
- On the other hand, rising distributed energy generation is expected to hamper the growth of residential batteries during the forecast period.
- Nevertheless, commercializing solid-state distribution transformers will likely create lucrative growth opportunities for the global residential battery market.
