The forecasted imports of liquid dielectric transformers with a power handling capacity of 10,000 KVA and more to the UK are expected to steadily increase from 2024 to 2028. In 2023, the actual import value stood at approximately 110.00 million USD. Year-on-year growth rates show a consistent increase: 2.12% for 2024, 2.12% for 2025, 2.04% for 2026, 1.95% for 2027, and 1.88% for 2028. This results in a compound annual growth rate (CAGR) of about 2.02% over the forecast period.
Future trends to watch include changing energy demands, technological advancements in transformer efficiency, and potential impacts of regulatory policies on imports. Additionally, the transition to renewable energy sources and related infrastructure might drive further demand for high-capacity transformers in the UK market.
