Key Market Indicators
Pakistani transformer exports are projected to decrease by 6% per year on average to reach $1.85 billion by 2026. This compares to $2.64 billion in 2021 and is 8.9% lower than in 2008. Pakistan was the 79th largest exporter in 2021, with Peru overtaking it at $2.64 billion. Germany, the US and Japan were the second, third and fourth largest exporters, respectively. Imports of Pakistani transformers are expected to grow by 3% per year on average to reach $421.4 million by 2026. This is up from $352 million in 2021 and 4.3% higher than in 2008. Pakistan was the 40th largest importer in 2021, with Algeria taking the lead at $352 million. China, Germany and Mexico were the second, third and fourth largest importers, respectively.
Pakistan Transformer Market Data and Forecasts
How much will Pakistan Transformer Market grow to 2026?
More in Transformer Industry for 2028Improve your Knowledge with the latest Indicators and Trends
-
Transformers Industry: Unraveling Market Dynamics, Growth Opportunities, and Emerging Trends
The global transformers industry is undergoing marked changes. Fuelled by growing energy demands, the sector faces complex dynamics, particularly leveraging emerging economies rising power consumption trends. Rapid urbanization and industrial development have amplified these trends, advocating for robust power generation, transmission, and distribution systems, where transformers play a central role....
Discover more insights -
Transformer Market: Dissecting Technology, Phase, and Application Trends Across Different Varieties
The incorporation of advanced technologies, such as smart grids and Internet of Things (IoT), has brought about a transformative wave in the transformer industry. These innovations enhance the efficiency, reliability, and monitoring capabilities of transformer systems, fostering the growth of the market. Yet, these technological improvements also create fragile points...
Discover more insights -
Power Transformers: Unveiling the Dynamics of High-Capacity Liquid Dielectric Models
High-capacity liquid dielectric transformers are characterized by their ability to effectively manage the demanding needs of large-scale power transmission. They utilize liquid dielectrics to cool and insulate, which enhances their capacity to handle high voltage transmissions without overheating or short-circuiting. In fact, the integration of liquid dielectrics directly impacts transformer...
Discover more insights -
Exploring the Ever-Evolving Landscape of the Global Transformer Oil Market
The transformer oil market is chiefly driven by the expansion and upgrade of power grids due to soaring electricity demand globally. With a growing population and unremitting industrialization, electricity needs are escalating, which in turn is propelling demand for transformer oil. This insulating oil, used primarily in transformers for electric...
Discover more insights -
Unveiling the Future: Analyzing Key Trends in the Traction Transformer Market Landscape
The traction transformer industry is experiencing a discernible shift, primarily guided by evolving technologies and increasing demand. Crucial factors such as rising interest towards electric mobility and the necessity for energy-efficient methods are driving innovations in the market. The development of lightweight, efficient traction transformers is also perceived as an...
Discover more insights