Key Market Indicators
Vietnam's transformer exports are predicted to reach around $1.9 billion by 2026, growing at a rate of 3.4% annually from 2021. In the past 15 years, the country's supply of transformers has increased by 5.7% each year. Germany, the United States, and Japan occupied the second, third, and fourth spots in the rankings respectively. Meanwhile, Vietnamese transformer imports are expected to reach $1.7 billion by 2026, up 3% annually from 2021. Demand for transformers in Vietnam has risen by 4.5% annually since 2005. China, Germany, and Mexico held the second, third, and fourth positions in the rankings respectively.
