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          1. Transformer Manufacturing Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 7/13/2020
            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), Mitsubishi Electric (Japan), Siemens (Germany), Schneider Electric (France), and TBEA (China).

            The global transformer market is expected to experience compound annual growth of 6.5% and reach $80 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 250 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $5 billion.

            COMPETITIVE LANDSCAPE

            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% of industry revenue.

            Imports, primarily from Mexico, Canada, South Korea, and China, account for about 35% of the US market. About 10% of US production is exported, chiefly to Canada and Mexico.

            PRODUCTS, OPERATIONS & TECHNOLOGY

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

             
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