The import of electric transformers to China with a power handling capacity of 16-500 kVA is projected to grow steadily from 2024 to 2028 based on forecasted data. In 2023, the imports were 300.5 thousand, thus showing an upward trend in the forecasted years, starting at 309.78 thousand in 2024, and reaching 358.95 thousand by 2028. This reflects consistent growth year-on-year with an average compound annual growth rate (CAGR) over the five-year period, establishing a positive trajectory for this market segment.
Future trends to watch for:
- Technological advancements that could increase the efficiency or demand for specific transformer models.
- Changes in energy policy or renewable energy investments in China that could affect import volumes.
- Global supply chain dynamics that might impact production or distribution.
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