The forecast for China's import of liquid dielectric transformers with a capacity of less than 650 kVA shows a consistent downward trend from 2024 to 2028. Beginning at 2.0564 million USD in 2024, it decreases year-on-year to reach 1.3817 million USD by 2028. This suggests a CAGR decline of approximately 9.35% over the forecast period. The decreasing demand could reflect shifts in energy investment strategies or advancements in local transformer production capacities.

Future trends to watch for:

Emerging technological advancements in transformer efficiency and sustainability.
Potential shifts in China's energy infrastructure policies and renewable energy initiatives.
Impact of global trade regulations and tariffs on transformer imports.