U.S.: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA in the U.S.

The U.S. market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA shrank to $X in 2022, declining by -12.8% against the previous year. Over the period under review, consumption showed a deep reduction. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from X kVA to X kVA in the U.S.

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA fell modestly to $X in 2022. In general, production recorded a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of 77% against the previous year. Over the period under review, production of attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Exports from the U.S.

In 2022, overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA increased by 38% to X units, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 46%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022. The total export value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X units), Mexico (X units) and China (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from the United States, together comprising 69% of total exports. Singapore, Taiwan (Chinese), the Dominican Republic, Austria and Venezuela lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +75.7%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Mexico ($X) and China ($X) were the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported from the United States worldwide, together accounting for 60% of total exports. Singapore, Taiwan (Chinese), Austria, the Dominican Republic and Venezuela lagged somewhat behind, together comprising a further 12%.

Among the main countries of destination, Austria, with a CAGR of +72.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, approximately mirroring the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 35% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Imports into the U.S.

In 2022, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kva to X kva into the United States fell significantly to X units, shrinking by -31.9% compared with 2021. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 119% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Mexico (X units) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier to the United States, with a 54% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Mexico exceeded the figures recorded by the second-largest supplier, China (X units), threefold. India (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico stood at -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.6% per year) and India (+1.6% per year).

In value terms, Mexico ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to the United States, comprising 68% of total imports. The second position in the ranking was taken by Canada ($X), with a 10% share of total imports. It was followed by India, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from Mexico amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+5.0% per year) and India (+15.7% per year).

Import Prices by Country

The average import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, jumping by 109% against the previous year. In general, the import price saw a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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