Producer
Hyundai Electric & Energy Systems
South Korean manufacturer of large power transformers for US grid. Korea is the top import source for US LPTs by value. Hyundai Electric's transformer division has long-term US utility supply agreements.
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Concentration2024
Hyundai Electric (South Korea) is the largest single foreign supplier of LPTs to the US, with ~25% import market share. The same Hyundai Electric also manufactures switchgear, gas-insulated substations, and protection relays — meaning a US utility that buys a Hyundai LPT often sources its entire substation package from a single Korean supplier. This creates a bilateral dependency: Korea is strategically significant for US grid infrastructure, and US utilities are Korea's largest transformer export customer.
PR Newswire (HD Hyundai Electric) ↗