Forecast: Import of Transformers Electric Having a Power Handling Capacity of 16-500 kVA to China

The forecast for China's import of electric transformers with a power handling capacity of 16-500 kVA indicates a downward trend from 2024 to 2028. Starting at 1.721 million kilograms in 2024, the import volume is expected to decrease annually. Compared to the previous year, this represents a compound annual growth rate (CAGR) decline of approximately 3.4% over the five-year period. In 2023, the import level was slightly higher, indicating a consistent reduction trend.

Future trends to watch for:

• Growth in domestic transformer manufacturing capacity which may further reduce imports.
• Potential changes in energy policy affecting transformer demand in China.
• Emerging technologies or innovations that could influence the size and type of transformers imported.