Electrical Transformer Market

Electrical transformer market: get the most recent facts and figures secured by an Ai-driven business intelligence tool. Info include trade, companies, consumption, exports, imports, market size, market prices, and production. There is a breakdown by country, including Africa, Latin America, the U.S., the Middle East, the U.K., Russia, China, and EU. Market insights and outlook to 2030 are also featured in the reports.

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Electrical Transformer - World's Largest Markets

In value terms, Brazil led the market, alone. The second position in the ranking was occupied by Turkey. It was followed by India.

In Brazil, the electrical transformer market increased at an average annual rate of +2.1% over the period from 2018-2019. In the other countries, the average annual rates were as follows: Turkey (+6.4% per year) and India (+24.1% per year).

Electrical Transformer Prices

Electrical Transformer - Top Importers

In value terms, the United States ($2.5B) constitutes the largest market for imported electrical transformers worldwide, comprising 19% of global imports. The second position in the ranking was occupied by Germany ($779M), with a 5.8% share of global imports. It was followed by China, with a 3% share.

From 2018 to 2019, the average annual rate of growth in terms of value in the United States stood at -1.6%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-13.6% per year) and China (-19.1% per year).

Electrical Transformer - Top Exporters

In value terms, China ($3.2B) remains the largest electrical transformer supplier worldwide, comprising 23% of global exports. The second position in the ranking was occupied by Germany ($1.1B), with a 8% share of global exports. It was followed by South Korea, with a 4.4% share.

In China, electrical transformer exports shrank by an average annual rate of -2.0% over the period from 2018-2019. In the other countries, the average annual rates were as follows: Germany (-16.9% per year) and South Korea (-2.0% per year).

Electrical Transformer - Market Forecast

Driven by increasing demand for electrical transformer worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2019 to 2030, which is projected to bring the market volume to by the end of 2030.

Electrical Transformer - Top Companies

ABB Turbo Systems AG, ABB Sécheron SA, Ansaldo Energia Switzerland AG, Bussmann International Inc.. U.S.A.. Filial I Danmark, ABB Holdings Inc., TBEA Co., Ltd., Kraftwerke Ilanz AG (KWI), ABB AG, NARI Group Corporation, ABB AB, Wuhan Zhongqiao Electric Co., Ltd., Carlyle Partners II, L.P., Vishay Intertechnology, Inc., Grid Solutions (u.s.) LLC, TATUNG CO., General Electric (Switzerland) GmbH, Vishay Israel Ltd., AL FANAR COMPANY, Cooper Power Systems, LLC, AVX Corporation

Electrical Transformer - Product Coverage

• HS 850421 - Electrical transformers; liquid dielectric, having a power handling capacity not exceeding 650kVA
• HS 850422 - Electrical transformers; liquid dielectric, having a power handling capacity exceeding 650kVA but not exceeding 10,000kVA
• HS 850423 - Electrical transformers; liquid dielectric, having a power handling capacity exceeding 10,000kVA
• HS 850432 - Transformers; n.e.s. in item no. 8504.2, having a power handling capacity exceeding 1kVA but not exceeding 16kVA
• HS 850433 - Transformers; n.e.s. in item no. 8504.2, having a power handling capacity exceeding 16kVA but not exceeding 500kVA
• HS 850434 - Transformers; n.e.s. in item no. 8504.2, having a power handling capacity exceeding 500kVA

Source: IndexBox Market Intelligence Platform