In 2023, the import value of liquid dielectric transformers with a power handling capacity less than 650 kVA to the US was approximately 178.07 thousand. Forecast data from 2024 to 2028 anticipates a gradual decline in import value, with a consistent year-on-year decrease, stabilizing around 173.21 thousand in 2028. This represents an average annual decline, expressed as a compound annual growth rate, over the forecasted five-year period.

Future trends to watch for include:

Potential impact of technological innovations reducing reliance on imports.
Changes in international trade policies affecting transformer imports.
Shifts in renewable energy infrastructure influencing demand for lower capacity transformers.