Northern America: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA in Northern America

The North American market for electrical transformers with liquid dielectric, of power handling capacity under X kVA expanded slightly to $X in 2022, surging by X% against the previous year. Overall, consumption recorded a prominent expansion. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under X kVA in Northern America

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity under X kVA totaled $X in 2022 estimated in export price. In general, production, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Exports in Northern America

In 2022, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity under X kVA were finally on the rise to reach X units for the first time since 2016, thus ending a five-year declining trend. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports of attained the maximum at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA surged to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States prevails in kVA structure, accounting for X units, which was approx. X% of total exports in 2022. Canada (X units) took a minor share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA. Canada (X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity under X kVA supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

In the United States, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, falling by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Imports in Northern America

In 2022, overseas purchases of electrical transformers with liquid dielectric, of power handling capacity under X kVA increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States dominates kVA structure, amounting to X units, which was near X% of total imports in 2022. It was distantly followed by Canada (X units), making up a X% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity under X kVA in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to X%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, with an increase of X% against the previous year. Import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 an increase of X%. The level of import peaked at $X per unit in 2020; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform