In 2023, the import of liquid dielectric transformers with a power handling capacity of 650-10,000 KVA into the US was valued at $13.21 thousand. Forecasts suggest a steady growth trend from 2024 to 2028, with values increasing each year. The year-on-year percentage variation indicates consistent growth of approximately 1.74% annually. With a compound annual growth rate (CAGR) of around 1.74%, the market is expected to steadily expand during this forecast period.
Future trends to watch for include:
- Technological advancements in transformer efficiency.
- Shifts in energy policy impacting transformer demand.
- Global developments in renewable energy integration.
