In 2023, the import of liquid dielectric transformers with a power handling capacity of 10,000 KVA or more to the US stood at 1.04 thousand units. Forecasts for 2024 and 2025 remain steady at this level. From 2026 onwards, a slight decline brings it down to 1.03 thousand units, marking a stabilization rather than significant fluctuation over the forecasted period. The year-on-year variation from 2023 to 2028 shows minimal change, indicating a trend of sustained demand. Calculating the Compound Annual Growth Rate (CAGR) over these five years would show negligible variation, as the data reflects a stable import trend over time.
Future trends to watch include:
- The impact of renewable energy expansion on transformer demand.
- Potential technological advancements in transformer efficiency.
- US infrastructure investments influencing transformer requirements.
