HICO America Sales & Tech. Inc.

What HICO America Sales & Tech. Inc. does

HICO America Sales & Tech. Inc. is the North American commercial subsidiary of Hyosung Corporation (KRX: 298040), a Korean diversified conglomerate, operating within Hyosung's Power Systems business unit. Founded in 2001 and headquartered in Pittsburgh, Pennsylvania, the company sells and delivers high-voltage power transmission and distribution equipment — power transformers (up to 765 kV and 2,250 MVA), gas-insulated switchgear (GIS) from 13.8 kV to 800 kV, dead tank circuit breakers (up to 800 kV, 80 kA), FACTS devices, MMC-based STATCOM systems, and HVDC voltage source converters — to US and Canadian electric utilities, ISOs/RTOs, renewable energy developers, industrial customers, and technology/data center operators. Domestic manufacturing is anchored by Hyosung HICO's Memphis, Tennessee transformer facility (operational since 2019) and a forthcoming high-voltage circuit-breaker joint venture with Quanta Services at a Canonsburg, Pennsylvania facility, with operations targeted to begin July 1, 2026.

The revenue model combines large capital-equipment sales with project-based EPC/turnkey services and recurring field services (installation supervision, inspection, preventative maintenance, warranty, and training). Pricing is quote-based, calibrated to voltage, capacity, and customization, and is typically structured as multi-year project contracts. The go-to-market motion is enterprise field sales, with regional Outside Sales Managers covering US territories (Southwest, Southeast, North America), an Inside Sales Coordinator, and technical application engineers supporting customer specification work. Marketing is driven through the corporate website, LinkedIn, the "People Behind the Power" employee-content series, and IEEE T&D conference participation.

HICO America's strategic positioning targets the US grid-modernization, renewable-integration, and data-center load-growth cycle. Differentiation rests on a full product stack from EHV transformers through reactive-power compensation, domestic manufacturing footprint reducing lead times versus import-only competitors, and an eco-friendly product line (DAIS dry-air switchgear, SF6-free HV GIS variants) aligned with utility decarbonization mandates. The company holds ISO 9001, ISO 14001, and ISO 27001 certifications and reports 2,000+ North American installations across 25+ years of operating history.

Name

HICO America Sales & Tech. Inc.

Legal name

HICO America

Website

https://hicoamerica.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

HICO America Sales & Tech. Inc., the Pittsburgh-based North American subsidiary of Korea's Hyosung Corporation, sells high-voltage power transformers, gas-insulated switchgear, FACTS/STATCOM, HVDC systems, and circuit breakers to US and Canadian utilities, ISOs, industrial, and data-center customers, supported by EPC turnkey and field services.

Ownership category

akta.pro rank

Product category

Power Transmission Equipment

NAICS

Power, Distribution, and Specialty Transformer Manufacturing (335311), Electrical Equipment Manufacturing (3353), Electric Bulk Power Transmission and Control (221121)

SIC

Power, Distribution & Specialty Transformers (3612), Switchgear & Switchboard Apparatus (3613), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Substation Systems & Integration (EPC, Engineering, Protection, Commissioning) (IMAGAAAC)

akta.pro secondary industries

Substations, Transformers & Grid Step-Up Facilities (EHV Substations, GSU Transformers) (EUAMAFAE), Reactive Power & Power Quality Equipment (Capacitor Banks, Reactors, STATCOM/SVC, Harmonic Filters) (IMAGAAAG), FACTS / Reactive Power & Power Quality Systems EPC (SVC/STATCOM, Capacitor Banks) (EUAEABAE), HVDC Converter Stations & HVDC Transmission EPC (EUAEABAD), Testing, Commissioning & Energization Services (HV) (EUAEABAI)

Keywords

• Power transformers
• Gas insulated switchgear
• FACTS devices
• HVDC systems
• EPC substation solutions

Headquarters

HQ city

Pittsburgh

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Power Equipment Sales: Sale of power transformers, shunt reactors, gas-insulated switchgear, circuit breakers, FACTS devices, STATCOM, and HVDC systems. Large capital equipment with project-based sales cycles.
2. EPC/Turnkey Solutions: Engineering, Procurement, and Construction services for substation projects. Manages complete project lifecycle from greenfield site planning through equipment installation and commissioning.
3. Field Services: Installation supervision, inspection, troubleshooting, preventative maintenance, and warranty services for transformers, GIS, FACTS devices, and circuit breakers. Also includes training services.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

HICO America manufactures and supplies high-voltage power system equipment to the North American utility market, including power transformers (up to 765 kV / 2250 MVA), gas-insulated switchgear (GIS), FACTS, STATCOM, and HVDC systems, as well as dead tank circuit breakers. The company also delivers turnkey EPC substation solutions and field services covering installation supervision, inspection, troubleshooting, preventative maintenance, and training.

Product overview

HICO America offers a comprehensive portfolio of power system products and services for the North American utility market. The core product lineup includes Power Transformers (up to 765 kV and 2250 MVA), Gas-Insulated Switchgear in both High Voltage (up to 1200 kV) and Medium Voltage variants, FACTS solutions including STATCOM and HVDC systems, and Dead Tank Breakers in multiple series (HCSP, HCBH, HCBP). The company also provides eco-friendly alternatives such as DAIS (Dry Air Insulated Switchgear) with zero Global Warming Potential. Beyond equipment, HICO offers comprehensive EPC/tu rnkey solutions and field services including inspection, maintenance, and technical support. All products are supported by proprietary technology and a technology-first service approach, with manufacturing capabilities in Memphis, TN for transformers and a new joint venture for circuit breakers in Canonsburg, PA.

Differentiator

Problem solved

Functional benefit

Products and services

• Power Transformers Extra-high-voltage power transformers up to 765 kV and 2250 MVA with deenergize or on-load tap changers, smart grid-enabled real-time diagnostics, low-noise eco-friendly design, and online condition monitoring, for electric utilities and industrial customers.
• FACTS (Flexible AC Transmission Systems) FACTS solutions that improve and control power flow and support voltage in transmission lines for grid operators and utilities.
• STATCOM Static Synchronous Compensator (STATCOM) using MMC technology that delivers reactive power for grid stability and quality, dynamically adjusting voltage and capacity for varying energy demands, for utility and grid operator customers.
• HVDC (High Voltage Direct Current) HVDC systems that enhance transmission efficiency and stabilize power systems by converting AC to DC using MMC and IGBT power semiconductors, for long-distance and high-voltage transmission applications.
• GIS (Gas-Insulated Switchgear) Gas-Insulated Switchgear ranging from 13.8 kV to 800 kV covering MV and HV applications, with compact design, up to 80 kA short-circuit ratings, low leak rates, and eco-friendly gas mixture options.
• HV GIS (High Voltage Gas Insulated Switchgear) High voltage GIS with voltage ratings from 72.5 kV to 1200 kV, featuring compact space-saving design, smart control and supervision capabilities, and high reliability in harsh environments.
• MV GIS (Medium Voltage Gas Insulated Switchgear) Medium voltage GIS using SF6 or SF6-free technology with vacuum interrupters, offering 50-60% smaller footprint than air-insulated alternatives with smart monitoring and IoT integration.
• DAIS (Dry Air Insulated Switchgear) Eco-friendly medium voltage switchgear using dry air with zero Global Warming Potential, featuring removable breaker design, flexible cable termination, industry-leading viewport camera system, and flexible CT location.
• Dead Tank Breakers

Quantifiable outcome

• 2000+ installations completed in North America
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• Quanta ServicescoreStrategic or Co-development Partner · 1 June 2026Joint venture Hyosung HICO Breaker, LLC to manufacture high-voltage and extra-high-voltage circuit breakers rated up to 800 kV in the United States. Operations targeted to begin July 1, 2026 at a refurbished facility in Canonsburg, PA. Combines Hyosung HICO's breaker technology and manufacturing expertise with Quanta Services' U.S. production facility and market access. Strengthens domestic supply chain for utility, industrial, and technology customers.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Eaton: Eaton's electrical business spans medium-voltage switchgear, transformers, and power management systems serving utilities and data centers, with overlap in MV GIS and substation integration.
• GE Vernova: GE Vernova's Grid Solutions business competes head-to-head with HICO in HV transformers, GIS, FACTS, and HVDC for North American utilities, with a broader product portfolio and global footprint.
• Siemens Energy: Siemens Energy offers transformers, switchgear, HVDC systems, and grid services as part of a much broader portfolio. Comparable as a direct competitor on the largest EHV transformer and HVDC tenders.

Direct peers

• Mitsubishi Electric Power Products: Mitsubishi Electric Power Products manufactures power transformers, circuit breakers, and gas-insulated switchgear for the North American market — a directly comparable competitor in HV/EHV equipment.
• Powell Industries: Powell Industries manufactures HV/MV switchgear, power distribution equipment, and integrated substation solutions for utilities and industrial customers in North America — overlapping with HICO's GIS and EPC offerings.
• Hitachi Energy: Hitachi Energy (formerly ABB Power Grids) is a global leader in transformers, high-voltage switchgear, HVDC, and grid integration solutions — directly overlapping with HICO's portfolio of transformers, GIS, FACTS, and HVDC for utility customers.
• Toshiba Energy Systems & Solutions: Toshiba is a major global manufacturer of power transformers, GIS, and HVDC systems, directly competing with HICO on utility-grade transmission equipment.

Others

• Quanta Services: Quanta Services is HICO's joint venture partner for Hyosung HICO Breaker, LLC and a leading utility infrastructure EPC contractor — adjacent as a turnkey partner and channel to North American utility customers.
• Hyosung Heavy Industries: HICO America's parent group — Hyosung Heavy Industries manufactures the underlying transformers and switchgear that HICO sells in North America, making it both supplier and corporate parent.

Emerging players

• Schweitzer Engineering Laboratories (SEL): SEL is a leading provider of protection, automation, and monitoring systems for substations, often bundled with the transformer and switchgear offerings from companies like HICO in utility projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@hicoamericasalestechinc2465
• LinkedInlinkedin.com/company/hico-america

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HICO America Sales & Tech. Inc.