Key Market Indicators
Demand for Dane transformers is set to reach $8.7 billion by 2026, up from $7.7 billion in 2021. This growth of 2.1% year on year on average is an increase since 1994 when demand jumped by 2.2% year on year. In 2021, Brazil was the largest market for Dane transformers at $7.7 billion, followed by China, Germany and Mexico. Export of Dane transformers is set to reach $9.8 billion by 2026, down from $9.5 billion in 2021. This lower rate of 0.6% year on year on average is a decrease since 1994 when supply was down by 2.9% year on year. In 2021, Canada was the largest exporter of Dane transformers at $9.5 billion, followed by Germany, the United States and Japan.
