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World - Electrical Transformers - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Jun 1, 2025

World - Electrical Transformers - Market Analysis, Forecast, Size, Trends and Insights

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Nov 6, 2023

Top Import Markets for Electrical Transformers

The global market for electrical transformers is experiencing significant growth, driven by increasing demand for electricity across various industries and the rising focus on renewable energy sources. As countries continue to modernize their infrastructure and upgrade their power grids, the import market for electrical transformers is expanding rapidly. In this article, we will explore the top import markets for electrical transformers based on data provided by the IndexBox market intelligence platform.

1. United States

The United States takes the top spot as the world's largest importer of electrical transformers, with an import value of $3.9 billion in 2022. The country's extensive electricity network, combined with the need for transformer replacements and upgrades, contributes to its high import demand. The United States is also investing heavily in renewable energy sources, which further fuels the demand for electrical transformers.

2. Germany

Germany ranks second in the list of top import markets for electrical transformers, with an import value of $1.1 billion in 2022. The country is renowned for its advanced engineering and technology sectors, which require a substantial supply of electrical transformers. Germany's focus on energy efficiency and sustainability initiatives drives the demand for high-quality transformers, leading to significant imports.

3. China

China secures the third position in the global import market for electrical transformers, with an import value of $739.9 million in 2022. The country's rapid industrialization and urbanization necessitate a robust electrical infrastructure. Moreover, China is one of the largest producers and consumers of electricity globally, indicating a high demand for electrical transformers to support its energy needs.

4. Hong Kong SAR

Hong Kong SAR emerges as a major import market for electrical transformers, with an import value of $691.4 million in 2022. The region's dynamic economy and ongoing urban development projects entail substantial investments in power infrastructure, thereby driving the import of transformers. Hong Kong SAR's strategic location as an international trade hub further contributes to its import market growth.

5. United Kingdom

The United Kingdom stands at the fifth position in the top import markets for electrical transformers, with an import value of $604.2 million in 2022. The country's ambitious plans to transition to renewable energy and reduce carbon emissions create a significant demand for electrical transformers. Furthermore, the UK's ongoing infrastructure projects and investments in smart grids further augment the import market for transformers.

6. Mexico

Mexico ranks sixth in the global import market for electrical transformers, with an import value of $593.9 million in 2022. The country's expanding industrial sector and increasing investment in renewable energy projects propel the demand for electrical transformers. Mexico's proximity to the United States also positions it as a prominent trade partner for electrical transformers.

7. Japan

Japan is the seventh-largest importer of electrical transformers, with an import value of $511.1 million in 2022. The country's focus on energy-efficient technologies and its transition towards renewable energy sources drive the import of high-quality electrical transformers. Japan's well-developed energy sector and technological advancements further contribute to its import market growth.

8. Canada

Canada secures the eighth position in the top import markets for electrical transformers, with an import value of $483.1 million in 2022. The country's vast geographic area and diverse industrial sectors create a considerable demand for electrical transformers. Canada's emphasis on sustainable energy and the integration of renewable sources into its power grid further support the import market for transformers.

9. France

France ranks ninth in the global import market for electrical transformers, with an import value of $447.2 million in 2022. The country's commitment to renewable energy and its ambitious climate action plans drive the demand for electrical transformers. France's investments in grid modernization projects and the expansion of its offshore wind energy sector further contribute to the import market growth.

10. Spain

Spain rounds up the top import markets for electrical transformers, with an import value of $427.7 million in 2022. The country's focus on renewable energy sources, particularly wind and solar, generates a significant demand for electrical transformers. Spain's investments in energy infrastructure upgrades and plans for grid expansion present lucrative opportunities for transformer importers.

In conclusion, the world's best import markets for electrical transformers are diverse, with countries like the United States, Germany, and China leading the way. These markets showcase a strong demand for transformers driven by factors such as infrastructure development, renewable energy goals, and industrial growth. Importers and manufacturers in the electrical transformer industry can leverage this market intelligence to make informed decisions and capitalize on the opportunities presented by these top import markets.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global electrical transformer market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 27114120 - Liquid dielectric transformers having a power handling capacity . .650 kVA
  • Prodcom 27114150 - Liquid dielectric transformers having a power handling capacity > .650 kVA but . .10 .000 kVA
  • Prodcom 27114180 - Liquid dielectric transformers having a power handling capacity > .10 .000 kVA
  • Prodcom 27114220 - Measuring transformers having a power handling capacity . 1 kVA (including for voltage measurement)
  • Prodcom 27114240 - Other transformers, n.e.c., having a power handling capacity. 1 kVA
  • Prodcom 27114260 - Other transformers, having a power handling capacity > 1 kVA but . .16 kVA
  • Prodcom 27114330 - Transformers, n.e.c., having a power handling capacity > .16 kVA but . .500 kVA
  • Prodcom 27114380 - Transformers, n.e.c., having a power handling capacity > .500 kVA

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND THE AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional EditionPRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. CONSUMPTION BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. MARKET FORECAST TO 2035

  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Export

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. PRODUCTION BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption, by Country, 2022–2024
    5. Production, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Imports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Imports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Import Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    9. Exports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    10. Exports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    11. Export Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Consumption, by Country, 2024
    4. Market Volume Forecast to 2035
    5. Market Value Forecast to 2035
    6. Market Size and Growth, By Product
    7. Average Per Capita Consumption, By Product
    8. Exports and Growth, By Product
    9. Export Prices and Growth, By Product
    10. Production Volume and Growth
    11. Exports and Growth
    12. Export Prices and Growth
    13. Market Size and Growth
    14. Per Capita Consumption
    15. Imports and Growth
    16. Import Prices
    17. Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    18. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    19. Production, by Country, 2024
    20. Production, In Physical Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
    21. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    22. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Imports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    26. Import Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    27. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    28. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    31. Exports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    32. Export Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)

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