Key Market Indicators
Bermudian transformer exports are expected to reach nearly $50,000 by 2026. This is an increase of 4.3% year-on-year from $35,330 in 2021. Since 2017, supply has increased by 198.1%. In 2021, Bermuda was ranked 122nd, with Samoa ahead of it at $35,330. Germany, the United States, and Japan were placed 2nd, 3rd, and 4th in the ranking, respectively. Transformer imports to Bermuda are set to reach around $2.6 million by 2026, with a year-on-year growth rate of 0.2%. Since 2015, demand has risen by 2.7%. In 2021, Bermuda was ranked 131st, with Samoa overtaking it at $2,556,400. China, Germany and Mexico were placed 2nd, 3rd and 4th in the ranking, respectively.
