US Dry Transformer Market Size - Market size is rising as utilities and industries prefer dry transformers for safety and energy savings. Commercial real estate projects are major contributors.

The U.S. dry transformer market is a substantial and expanding component of the global market. The market was valued at approximately billion in 2024 and is projected to grow to over billion by 2034, representing a compound annual growth rate (CAGR). The market is expected to experience steady growth, with the low-voltage segment being the largest contributor to revenue and a key driver of growth due to its extensive use in urban infrastructure and commercial spaces.

The market size is segmented by technology (cast resin vs. VPI), voltage, phase, and end-use application. The three-phase segment accounts for a substantial share of the market, reflecting the widespread use of these transformers in industrial, commercial, and utility applications that require high power handling capacity. The industrial and commercial sectors are major end-users, with growing demand from manufacturing facilities, data centers, and renewable energy projects.