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
| Rating | Country |
|---|---|
| 1 | Brazil |
| 2 | Turkey |
| 3 | India |
| 4 | United States |
| 5 | China |
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
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per unit | ||||
| China | 1.2 | 1.2 | -0.8% | |
| Hong Kong SAR | 1.9 | 2.1 | 12.3% | |
| Germany | 6.9 | 5.7 | -17.8% | |
| South Korea | 22 | 11 | -49.8% | |
| Average | 4.3 | 4 | -6.9% | |
There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was South Korea ($11 per unit), while China ($1.2 per unit) was amongst the lowest.
From 2018 to 2019, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other global leaders experienced a decline in the export price figures.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per unit | ||||
| United States | 5.9 | 5.6 | -5.7% | |
| Mexico | 3.2 | 3.3 | 5.3% | |
| Vietnam | 2.7 | 3.2 | 16.1% | |
| Singapore | 2.6 | 2.4 | -8.9% | |
| Thailand | 2.7 | 2.2 | -16.3% | |
| Germany | 2.4 | 2.1 | -14.0% | |
| Japan | 1.9 | 1.9 | -0.7% | |
| Poland | 1.7 | 1.7 | 3.4% | |
| Hungary | 1.3 | 0.9 | -26.8% | |
| China | 0.9 | 0.8 | -7.9% | |
| India | 1.4 | 0.8 | -45.2% | |
| Taiwan (Chinese) | 1 | 0.7 | -30.1% | |
| South Korea | 0.8 | 0.6 | -27.8% | |
| Average | 4.4 | 4 | -9.1% | |
There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was the United States ($5.6 per unit), while South Korea ($0.6 per unit) was amongst the lowest.
From 2018 to 2019, the most notable rate of growth in terms of prices was attained by Vietnam, while the other global leaders experienced more modest paces of growth.
Electrical Transformer - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| United States | 2.5 | 2.5 | -1.6% | |
| Germany | 0.9 | 0.8 | -13.6% | |
| China | 0.5 | 0.4 | -19.1% | |
| Japan | 0.4 | 0.4 | -14.6% | |
| Vietnam | 0.2 | 0.3 | 16.9% | |
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
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| China | 3.2 | 3.2 | -2.0% | |
| Germany | 1.3 | 1.1 | -16.9% | |
| South Korea | 0.6 | 0.6 | -2.0% | |
| Hong Kong SAR | 0.1 | 0.1 | 15.8% | |
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
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World - Electrical Transformers - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the global electrical transformer market.
Eastern Asia - Electrical Transformers - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the electrical transformer market in Eastern Asia.
Latin America and the Caribbean - Electrical Transformers - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the electrical transformer market in Latin America and the Caribbean.
Africa - Electrical Transformers - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the electrical transformer market in Africa.
Australia and Oceania - Electrical Transformers - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the electrical transformer market in Australia and Oceania.
Northern America - Electrical Transformers - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the electrical transformer market in Northern America.
Central Asia - Electrical Transformers - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the electrical transformer market in Central Asia.
Southern Asia - Electrical Transformers - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the electrical transformer market in Southern Asia.
Middle East - Electrical Transformers - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the electrical transformer market in the Middle East.
South-Eastern Asia - Electrical Transformers - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the electrical transformer market in South-Eastern Asia.
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