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World - Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA Market
The article provides detailed insights into the global market for electrical transformers with non-liquid dielectric, focusing on consumption trends, market performance, production, imports, and exports. Key highlights include projected growth in market volume and value, consumption patterns in different countries, production trends, import and export statistics, and average price trends over the past decade.
Market Forecast
Driven by increasing demand for electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market volume to 69M units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.1% for the period from 2022 to 2030, which is projected to bring the market value to $1,871.5B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA
In 2022, global consumption of electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA amounted to 52M units, increasing by 8.4% on 2021. Overall, consumption showed a significant expansion. As a result, consumption reached the peak volume of 73M units. From 2021 to 2022, the growth of the global consumption of remained at a lower figure.
The value of the market for electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA worldwide rose significantly to $1,257.1B in 2022, picking up by 9.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a significant increase. As a result, consumption reached the peak level of $1,459.4B. From 2021 to 2022, the growth of the global market remained at a somewhat lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were the Netherlands (27M units), Thailand (15M units) and Italy (2M units), together accounting for 86% of global consumption.
From 2012 to 2022, the most notable rate of growth in terms of kVA, amongst the key consuming countries, was attained by Thailand (with a CAGR of +113.5%), while kVA for the other global leaders experienced more modest paces of growth.
In value terms, the Netherlands ($538.8B), Thailand ($528.8B) and Germany ($35.4B) appeared to be the countries with the highest levels of market value in 2022, with a combined 88% share of the global market.
Thailand, with a CAGR of +113.4%, recorded the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while kVA for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of per capita consumption of electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA was registered in the Netherlands (1,567 units per 1000 persons), followed by Thailand (218 units per 1000 persons), Sweden (166 units per 1000 persons) and Italy (34 units per 1000 persons), while the world average per capita consumption of electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA was estimated at 6.6 units per 1000 persons.
In the Netherlands, per capita consumption of electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA increased at an average annual rate of +96.9% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Thailand (+112.9% per year) and Sweden (+33.9% per year).
Production
World Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA
In 2022, production of electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA decreased by -4.9% to 8.3M units for the first time since 2015, thus ending a six-year rising trend. In general, the total production indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 42%. Global production peaked at 8.8M units in 2021, and then reduced slightly in the following year.
In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA declined sharply to $55.6B in 2022 estimated in export price. Over the period under review, production recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. As a result, production reached the peak level of $187.7B, and then contracted sharply in the following year.
Production By Country
The country with the largest volume of production of electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA was Italy (3.7M units), comprising approx. 44% of total volume. Moreover, production of electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA in Italy exceeded the figures recorded by the second-largest producer, Germany (1.8M units), twofold. Denmark (570K units) ranked third in terms of total production with a 6.8% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in Italy stood at +6.0%. The remaining producing countries recorded the following average annual rates of production growth: Germany (+1.6% per year) and Denmark (+0.8% per year).
Imports
World Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA
In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA imported worldwide rose rapidly to 65M units, with an increase of 9.1% compared with 2021. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 172,179% against the previous year. As a result, imports reached the peak of 101M units. From 2021 to 2022, the growth of global imports of failed to regain momentum.
In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA skyrocketed to $1.5B in 2022. Over the period under review, imports, however, showed a slight downturn. Global imports peaked at $1.7B in 2012; however, from 2013 to 2022, imports failed to regain momentum.
Imports By Country
The Netherlands was the key importing country with an import of about 42M units, which amounted to 64% of total imports. It was distantly followed by Thailand (17M units), creating a 27% share of total imports. Sweden (1.6M units) followed a long way behind the leaders.
The Netherlands was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA imports, with a CAGR of +222.2% from 2012 to 2022. At the same time, Thailand (+179.1%) and Sweden (+88.4%) displayed positive paces of growth. The Netherlands (+64 p.p.) and Thailand (+26 p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Thailand ($66M), Sweden ($35M) and the Netherlands ($21M) constituted the countries with the highest levels of imports in 2022, together accounting for 8.2% of global imports.
In terms of the main importing countries, Thailand, with a CAGR of +13.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2022, the average import price for electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA amounted to $23 per unit, surging by 27% against the previous year. In general, the import price, however, continues to indicate a dramatic downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 43%. Over the period under review, average import prices attained the maximum at $26,324 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($21 per unit), while the Netherlands ($0.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-46.5%), while the other global leaders experienced a decline in the import price figures.
Exports
World Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA
In 2022, approx. 22M units of electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA were exported worldwide; surging by 5% against the previous year's figure. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 55,550% against the previous year. As a result, the exports reached the peak of 36M units. From 2021 to 2022, the growth of the global exports of failed to regain momentum.
In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA skyrocketed to $1.5B in 2022. Overall, exports, however, saw a relatively flat trend pattern. The global exports peaked at $1.7B in 2018; however, from 2019 to 2022, the exports remained at a lower figure.
Exports By Country
In 2022, the Netherlands (14M units) represented the key exporter of electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA, creating 66% of total exports. Thailand (2.2M units) held the second position in the ranking, followed by Italy (1.8M units) and Germany (1.1M units). All these countries together took near 23% share of total exports. The following exporters - Denmark (526K units) and Spain (393K units) - each amounted to a 4.3% share of total exports.
The Netherlands was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA exports, with a CAGR of +178.8% from 2012 to 2022. At the same time, Thailand (+122.3%), Denmark (+74.7%), Italy (+67.8%), Germany (+56.6%) and Spain (+47.6%) displayed positive paces of growth. From 2012 to 2022, the share of the Netherlands and Thailand increased by +65 and +9.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Italy ($214M), Germany ($165M) and Spain ($63M) appeared to be the countries with the highest levels of exports in 2022, with a combined 29% share of global exports.
In terms of the main exporting countries, Italy, with a CAGR of +4.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.
Export Prices By Country
The average export price for electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA stood at $72 per unit in 2022, with an increase of 28% against the previous year. In general, the export price, however, recorded a significant contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by 48% against the previous year. Over the period under review, the average export prices hit record highs at $24,740 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Spain ($160 per unit), while the Netherlands ($0.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-34.4%), while the other global leaders experienced a decline in the export price figures.
This report provides an in-depth analysis of the global market for electrical transformers with non-liquid dielectric, of power handling capacity over 500 kva. 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 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:
- USA
- 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
+ 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
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
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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