The import of liquid dielectric transformers with a power handling capacity of 10,000 KVA and more to the US shows a steady increase from 2024 to 2028. The forecast indicates a gradual rise from 118.87 million kilograms in 2024 to 123.1 million kilograms in 2028. Considering the actual data from 2023, this represents a consistent annual growth. The year-on-year growth rate highlights incremental increases, with a compound annual growth rate (CAGR) in the forecast period signaling sustained demand over the next five years.
Future trends to watch for include:
- Potential impacts of technological advancements in transformer efficiency and capacity.
- The influence of regulatory changes on the import market.
- Expanding renewable energy projects requiring higher capacity transformers.