Overview of the Market for Power, Distribution And Specialty Transformer in the USA
In value terms, power, distribution and specialty transformer production reduced modestly to $ in 2019. Over the period under review, production showed a slight setback. The growth pace was the most rapid in 2014 when the production volume decreased by -% year-to-year. Power, distribution and specialty transformer production peaked at $ in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.
The value of the market for power, distribution, and specialty transformers in the U.S. expanded slightly to $ in 2019, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2013 to 2019; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the market value increased by % against the previous year. Power, distribution and specialty transformer consumption peaked in 2019 and is expected to retain growth in years to come.