Overview of the Global Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

The global market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA expanded markedly to $X in 2023, with an increase of X% against the previous year. Over the period under review, the total consumption indicated a mild increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2016 indices. Over the period under review, the global market reached the peak level in 2023 and is likely to see gradual growth in years to come.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from X kVA to X kVA

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA expanded slightly to $X in 2023 estimated in export price. Overall, the total production indicated a slight increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2023, global production of growth failed to regain momentum.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Exports

For the third consecutive year, the global market recorded growth in shipments abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA, which increased by X% to X units in 2023. In general, exports enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2022 when exports increased by X%. The global exports peaked in 2023 and are likely to see steady growth in the near future.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2023. Overall, exports showed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the major exporting country with an export of about X units, which recorded X% of total exports. The Netherlands (X units) took the second position in the ranking, followed by Turkey (X units), Poland (X units) and India (X units). All these countries together held near X% share of total exports. Mexico (X units), Spain (X units), Hungary (X units), Italy (X units), Sweden (X units) and Belarus (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, the Netherlands (X%), Sweden (X%), Turkey (X%), Hungary (X%), India (X%), Poland (X%), Mexico (X%), Spain (X%) and Belarus (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. By contrast, Italy (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China, the Netherlands, Turkey, India and Poland increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA supplying countries worldwide were China ($X), Mexico ($X) and Turkey ($X), together accounting for X% of global exports. Poland, Italy, Hungary, India, Spain, the Netherlands, Belarus and Sweden lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, dropping by X% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA decreased by X% against 2021 indices. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The global export price peaked at $X per unit in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other global leaders experienced more modest paces of growth.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Imports

In 2023, purchases abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, global imports of reached the maximum at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2023. In general, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA, namely the United States, the UK and Denmark, represented more than third of total import. Singapore (X units) took the next position in the ranking, followed by Italy (X units). All these countries together held approx. X% share of total imports. The Philippines (X units), Spain (X units), Hong Kong SAR (X units), Belgium (X units), Malaysia (X units), India (X units), Germany (X units) and France (X units) took a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Denmark (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA worldwide, comprising X% of global imports. The second position in the ranking was taken by Germany ($X), with a X% share of global imports. It was followed by Spain, with a X% share.

In the United States, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and Spain (X% per year).

Import Prices by Country

The average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2023, flattening at the previous year. Overall, the import price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2023 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform