Global Transformer Trends in 2022
Transformer is part of Electrical Equipment. You may also be interested in Turbine.
The global market for transformer imports is expected to reach $96 billion by 2026, a 0.8% year-on-year CAGR. Since 2017, demand has risen by 3.4% annually. In 2021, the United States was the top importer at $16 billion. China, Germany and Mexico followed in second, third and fourth place respectively. Gambia's imports increased by 35.2% year-on-year, while Albania's decreased by 15%. Exports of transformers are predicted to reach $90 billion by 2026, a 0.6% year-on-year CAGR. Between 2017 and 2021, global supply rose by 3.5%. China was the largest exporter in 2021, at $29 billion. Germany, the United States and Japan came in second, third and fourth respectively. Benin saw a 250.1% growth in exports year-on-year, while El Salvador saw a 45.5% decrease.
Latest reports
Japan DC-DC Converters Market Report- Q4 2024
The DC-DC converters market in Japan during Q4 2024 is experiencing substantial growth, driven by key sectors such as automotive, semiconductor, and consumer...
Spain DC-DC Converters Market Report- Q4 2024
The Spain DC-DC converters market is undergoing significant transformations in Q4 2024, driven primarily by the burgeoning sectors of renewable energy and electric...
Turkey DC-DC Converters Market Report- Q1 2025
The DC-DC converters market in Turkey has witnessed significant developments in Q1 2025, driven by robust demand from key sectors such as automotive,...
Poland DC-DC Converters Market Report- Q1 2025
The first quarter of 2025 reveals significant developments in the DC-DC converters market in Poland, driven primarily by advancements in key sectors such...
Thailand DC-DC Converters Market Report- Q4 2024
The DC-DC converters market in Thailand is experiencing dynamic growth, fueled by significant developments across multiple sectors. As the country continues to evolve...
Top 10 countries
In 2022 major markets in the Transformer Industry were:
World Transformer Market Data and Forecasts
How much the Transformer industry is expected to grow to 2026?
World Transformer Top Rankings
Global Transformer Statistics
- Transformer Import 191 countries (Africa, Asia, Sub-Saharan Africa...)
- Electronic Component Import 192 countries (Africa, Asia, Sub-Saharan Africa...)
- Transformer Export 183 countries (Asia, Latin America, Africa...)
- Electronic Component Export 188 countries (Asia, Latin America, Africa...)
- Transformer Production 39 countries (Europe, Southern Europe, Western Europe...)
- Transformer Sales 42 countries (Europe, Northern Europe, Eastern Europe...)
- HVAC Sales 3 countries (North America, Canada, United States...)
- Industrial Equipment Export 189 countries (Asia, Latin America, Africa...)
- Industrial Equipment Import 192 countries (Asia, Africa, Sub-Saharan Africa...)
