Northern America: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA in Northern America

The North American market for electrical transformers with liquid dielectric, of power handling capacity over X kVA amounted to $X in 2022, remaining constant against the previous year. In general, consumption, however, recorded a abrupt decrease. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity over X kVA expanded significantly to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when the production volume increased by 48% against the previous year. Over the period under review, production of attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Exports in Northern America

In 2022, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity over X kVA decreased by -99.2% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2021 when exports increased by 14,663%. As a result, the exports reached the peak of X units, and then plummeted in the following year.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA shrank slightly to $X in 2022. Over the period under review, exports recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 39%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United States was the key exporting country with an export of about X units, which finished at 69% of total exports. It was distantly followed by Canada (X units), constituting a 31% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electrical transformers with liquid dielectric, of power handling capacity over X kVA exports from the United States stood at -4.7%. At the same time, Canada (+4.4%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +4.4% from 2012-2022. Canada (+16 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -15.8% from 2012 to 2022, respectively.

In value terms, Canada ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2022.

Canada, with a CAGR of -3.4%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, increasing by 12,034% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 the United States (+1.2%).

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Imports in Northern America

In 2022, imports of electrical transformers with liquid dielectric, of power handling capacity over X kva in Northern America contracted markedly to X units, dropping by -55.1% on the year before. In general, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 281%. As a result, imports reached the peak of X units, and then declined significantly in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA soared to $X in 2022. The total import value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Canada (X units) was the major importer of electrical transformers with liquid dielectric, of power handling capacity over X kVA, generating 87% of total imports. It was distantly followed by the United States (X units), comprising a 12% share of total imports.

Canada was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity over X kVA imports, with a CAGR of +13.2% from 2012 to 2022. At the same time, the United States (+6.4%) displayed positive paces of growth. From 2012 to 2022, the share of Canada increased by +8.5 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity over X kVA in Northern America, comprising 91% of total imports. The second position in the ranking was held by Canada ($X), with a 9.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States totaled +2.3%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, rising by 166% against the previous year. Overall, the import price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2020 when the import price increased by 317%. Over the period under review, import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-3.8%).

Source: IndexBox Platform

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