Apr, 11 2025

Rising Electricity Demand and Grid Expansion Projects is Driving the U.S. Station Service Voltage Transformer (SSVT) Market Growth

Rising electricity demand is driving grid expansion and modernization, prompting utilities to invest in high-voltage transmission for improved reliability and renewable energy integration. This growth is increasing the need for Station Service Voltage Transformers (SSVTs), which provide auxiliary power directly from high-voltage lines, eliminating the need for separate distribution networks. SSVTs enhance grid efficiency, reduce infrastructure costs, and support remote and industrial applications. As transmission infrastructure expands, the demand for SSVTs will continue to grow, driven by their role in ensuring reliable power supply and operational flexibility.

Moreover, the shift toward decentralized power generation and electrification of remote areas is further accelerating SSVT adoption. Their compact design, minimal maintenance needs, and ability to function in harsh environments make them ideal for substations in isolated regions, renewable energy plants, and offshore installations. These advantages position SSVTs as a critical enabler in the transformation of traditional power systems to more resilient, efficient, and future-ready grids

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Data Bridge Market Research analyses that the U.S. Station Service Voltage Transformer (SSVT) Market is expected to reach USD 600.05 million by 2032 from USD 341.54 million in 2024, growing with a CAGR of 7.4% in the forecast period of 2025 to 2032.

Key Findings of the Study

Increasing Electricity Demand Due to Urbanization

Rapid urbanization has significantly increased electricity demand, necessitating a stronger and more efficient power infrastructure. As cities expand and populations grow, the need for reliable auxiliary power solutions has surged, driving investments in Station Service Voltage Transformers (SSVTs) to support residential, commercial, and industrial energy needs. Upgrading transmission networks and distribution systems has become essential to ensure grid stability and resilience. Additionally, the rise of smart cities, electric transportation, and modern appliances is further accelerating the demand for advanced SSVT solutions, reinforcing their role in efficient power distribution and infrastructure modernization.

Report Scope and Market Segmentation

Report Metric	Details
Forecast Period	2025 to 2032
Base Year	2024
Historic Years	2023 (Customizable from 2013-2017)
Quantitative Units	Revenue in USD Million
Segments Covered	By Type (Step-Up Transformers, Step Down, Oil-Immersed Transformers, Dry-Type Transformers, and Others) Voltage Rating (UP TO 66 KV, 66 – 132 KV, 132 – 220 KV, 220 – 330 KV, 330 – 765 KV, and Above 765 KV (UHV - Ultra High Voltage)), End Use (Power Utilities, Oil & Gas, Manufacturing, Railways, Renewable Energy, Data Centers & IT Infrastructure, and Others)
Market Players Covered	Trench Group (U.S.), Mitsubishi Electric Corporation (U.S.), ABB (Switzerland), Fuji Electric Co., Ltd.(Japan), Sieyuan Electric Co., Ltd. (China), Arteche (U.S.), KONČAR d.d. (U.S.), Hitachi Energy Ltd (Japan), RITZ USA (U.S), Niagara Power Transformer LLC (New York), Larson Electronics (U.S.), Power Grid Components Inc (U.S.)and Pfiffner Group (U.S.) among others.
Data Points Covered in the Report	In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and PESTLE analysis.

Segment Analysis

The U.S. station service voltage transformer (SSVT) market is segmented into five notable segments based on the type, voltage rating, and end-use

On the basis of type, the market is segmented into step-up transformers, step down, oil-immersed transformers, dry-type transformers, and others

In 2025, step down segment is expected to dominate the market with a 39.64% market share

In 2025, the step down is expected to dominate the market with a 39.64% market share due to its widespread use in reducing high-voltage transmission levels for safe and efficient power distribution. Its reliability in supporting grid stability and industrial applications further drives demand

On the basis of voltage rating, the U.S. station service voltage transformer (SSVT) market is segmented into Upto 66 KV, 66 – 132 KV, 132 – 220 KV, 220 – 330 KV, 330 – 765 KV, and above 765 KV (UHV - ultra high voltage)

In 2025, Up to 66 KV segment is expected to dominate the market with a 42.39% market share

In 2025, up to 66 KV segment is expected to dominate the market with a 42.39% market share due to the rising demand for power distribution infrastructure in urban and industrial areas

On the basis of end-use, the market is segmented into power utilities, oil & gas, manufacturing, railways, renewable energy, data centers & it infrastructure, and others. In 2025, the power utilities segment is expected to dominate the market with a 41.86% market share

Major Players

Data Bridge Market Research analyzes Trench Group (U.S.), Mitsubishi Electric Corporation (U.S.), ABB (Switzerland), Fuji Electric Co., Ltd.(Japan), Sieyuan Electric Co., Ltd. (China)., among others are the major companies operating in this market as the major companies operating in the U.S. station service voltage transformer (SSVT) market.

Market Developments

In October 2024, Trench Group has entered a long-term supply agreement with GE Vernova’s Grid Solutions to deliver high-voltage components, reinforcing their partnership in energy infrastructure. This collaboration strengthens Trench Group’s presence in the high-voltage market and may drive greater demand for its Station Service Voltage Transformers (SSVTs) amid GE Vernova’s grid expansion and renewable energy initiatives
In April 2024, Mitsubishi Electric transferred its distribution transformer business at Nagoya Works to Hitachi Industrial Equipment Systems, with the transition beginning in October 2024 and concluding by April 2026. This move enhanced Hitachi’s energy-efficient transformer portfolio and strengthened its power distribution solutions. By exiting the distribution transformer segment, Mitsubishi Electric prioritized expanding its Factory Automation (FA) systems and focused on high-power voltage instrument transformers, reinforcing its expertise in advanced power transmission and distribution technologies
In April 2022, ABB has invested USD 1.1 million to expand its Brno factory, doubling the production capacity of Medium Voltage (MV) sensors to meet rising demand driven by digital switchgear adoption and renewable energy integration. This expansion strengthens ABB's ability to supply advanced MV sensors, which play a key role in substation automation. By enhancing grid monitoring, fault detection, and automation, the development indirectly improves the efficiency and reliability of Station Service Voltage Transformers (SSVTs), contributing to better substation performance and seamless renewable energy integration
In April 2022, ABB has partnered with China’s State Grid Corporation (SGCC) to supply HVDC converter transformers and high-voltage equipment for three UHVDC links, enabling large-scale renewable integration. This strengthens ABB’s position in power transmission while enhancing grid reliability. The development also supports SSVT demand, as these transformers provide essential auxiliary power for substations in renewable projects
In April 2021, Siemens Energy and Mitsubishi Electric signed an MoU to develop SF6-free high-voltage switching solutions using clean-air insulation. This strengthens Mitsubishi Electric’s role in eco-friendly grid solutions and supports the demand for sustainable high-power voltage instrument transformers

As per Data Bridge Market Research analysis:

For more detailed information about U.S. station service voltage transformer (SSVT) market click here – https://www.databridgemarketresearch.com/reports/us-station-service-voltage-transformer-ssvt-market

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