Key Market Indicators
Emirati transformer import is set to hit $920 million by 2026, a 0.7% year-on-year growth from 2021's $885 million. Since 2012, demand for transformers in the UAE has grown 5.8% annually. In 2021, the UAE was ranked 25th in the world, with Switzerland coming in at number one with $885 million. China, Germany and Mexico came in second, third and fourth respectively. Emirati transformer export is set to reach $482 million by 2026, a 2.1% average year-on-year growth from 2021's $426 million. Since 2012, the UAE's supply of transformers has increased 33.6% annually. In 2021, the UAE was ranked 28th in the world, with Belgium coming in at number one with $426 million. Germany, the United States and Japan came in second, third and fourth respectively.
