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.
Top 10 countries
In 2022 major markets in the Transformer Industry were:
Transformer Market Data and Forecasts
How much the Transformer industry is expected to grow to 2026?
More in Transformer Industry for 2028Global 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...)
Global Transformer Industry Database
Improve your Knowledge with the latest Indicators and Trends
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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....
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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...
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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...
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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...
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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...
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