Global Transformer Trends in 2022
Transformer is part of Electrical Equipment. You may also be interested in Turbine.
The global market for transformer imports is expected to reach $96 billion by 2026, a 0.8% year-on-year CAGR. Since 2017, demand has risen by 3.4% annually. In 2021, the United States was the top importer at $16 billion. China, Germany and Mexico followed in second, third and fourth place respectively. Gambia's imports increased by 35.2% year-on-year, while Albania's decreased by 15%. Exports of transformers are predicted to reach $90 billion by 2026, a 0.6% year-on-year CAGR. Between 2017 and 2021, global supply rose by 3.5%. China was the largest exporter in 2021, at $29 billion. Germany, the United States and Japan came in second, third and fourth respectively. Benin saw a 250.1% growth in exports year-on-year, while El Salvador saw a 45.5% decrease.
Top 10 countries
In 2022 major markets in the Transformer Industry were:
Transformer Market Data and Forecasts
How much the Transformer industry is expected to grow to 2026?
More in Transformer Industry for 2028Global Transformer Statistics
- Transformer Import 191 countries (Africa, Asia, Sub-Saharan Africa...)
- Electronic Component Import 192 countries (Africa, Asia, Sub-Saharan Africa...)
- Transformer Export 183 countries (Asia, Latin America, Africa...)
- Electronic Component Export 188 countries (Asia, Latin America, Africa...)
- Transformer Production 39 countries (Europe, Southern Europe, Western Europe...)
- Transformer Sales 42 countries (Europe, Northern Europe, Eastern Europe...)
- HVAC Sales 3 countries (North America, Canada, United States...)
- Industrial Equipment Export 189 countries (Asia, Latin America, Africa...)
- Industrial Equipment Import 192 countries (Asia, Africa, Sub-Saharan Africa...)