Key Market Indicators
China's transformer imports and exports are expected to hit record highs in 2026. Imports are projected to reach $14 billion, up 1.4% from 2021. This follows an average 3.3% growth since 1997. The US leads the pack with imports of $12.7 billion in 2021, followed by China, Germany, and Mexico. Exports are expected to reach $32.4 billion, up 2% from 2021. This follows an average 3.5% growth since 1997. Germany, the US, and Japan lead the rankings with exports of $28.8 billion in 2021.
