Key Market Indicators
South African demand for transformers is expected to reach $465 million by 2026, a 0.7% increase from 2021's $442 million. Since 2005, demand has grown 3.6% a year on average. In 2021, South Africa ranked 36th, with Norway leading the way at $442 million. China, Germany and Mexico came in second, third and fourth, respectively. On the export side, South African transformers are predicted to reach $102 million by 2026, a 0.2% decrease from 2021's $103 million. Since 2005, exports have fallen 1.4% per year. In 2021, South Africa ranked 44th, with Belarus leading at $103 million. Germany, the United States and Japan were second, third and fourth, respectively.
