Key Market Indicators
Korean transformer imports are set to reach nearly $2.7 billion by 2026, up 1.3% each year on average from 2021's figure of $2.5 billion. Since 1993, Korean demand has grown an average of 3.4% each year. In 2021, Korea was ranked 8th, behind France with $2.5 billion. China, Germany and Mexico came in 2nd, 3rd and 4th respectively. Korean transformer exports are expected to reach $2.3 billion by 2026, with a 0.5% average yearly growth from 2021's figure of $2.2 billion. Since 1993, Korean supply has not seen any yearly growth. In 2021, Korea was ranked 8th, with Italy surpassing it at $2.2 billion. Germany, the US and Japan came in 2nd, 3rd and 4th respectively.
South Korea Transformer Market Data and Forecasts
How much will South Korea Transformer Market grow to 2026?
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