Electrical Transformer Market in the United States
Market Overview
The U.S. electrical transformer market rose to $
in 2019, increasing by % 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). Overall, consumption, however, saw a relatively flat trend pattern. Electrical transformer consumption peaked at $ in 2008; however, from 2009 to 2019, consumption failed to regain momentum.
In value terms, electrical transformer production surged to $ in 2019. In general, production, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2009 when the production volume increased by % against the previous year. As a result, production reached the peak level of $. From 2010 to 2019, production growth remained at a somewhat lower figure.
in 2019, increasing by % 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). Overall, consumption, however, saw a relatively flat trend pattern. Electrical transformer consumption peaked at $ in 2008; however, from 2009 to 2019, consumption failed to regain momentum.In value terms, electrical transformer production surged to $
in 2019. In general, production, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2009 when the production volume increased by % against the previous year. As a result, production reached the peak level of $. From 2010 to 2019, production growth remained at a somewhat lower figure.Consumption
In 2019, approx. units of electrical transformers were consumed in the United States; with an increase of % against the previous year's figure. In general, consumption, however, continues to indicate a slight shrinkage. Over the period under review, consumption reached the maximum volume at units in 2007; however, from 2008 to 2019, consumption remained at a lower figure.
The size of the electrical transformer market in the United States totaled $ in 2019, surging by % 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, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $ in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.
units of electrical transformers were consumed in the United States; with an increase of % against the previous year's figure. In general, consumption, however, continues to indicate a slight shrinkage. Over the period under review, consumption reached the maximum volume at units in 2007; however, from 2008 to 2019, consumption remained at a lower figure.The size of the electrical transformer market in the United States totaled $
in 2019, surging by % 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, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $ in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.Consumption by Type
Electrical transformers with non-liquid dielectric, of power handling capacity from kva to kva ( units) constituted the product with the largest volume of consumption, comprising approx. % of total volume. Moreover, electrical transformers with non-liquid dielectric, of power handling capacity from kva to kva exceeded the figures recorded for the second-largest type, electrical transformers with liquid dielectric, of power handling capacity from kva - kva ( units), threefold. Electrical transformers with non-liquid dielectric, of power handling capacity from kva to kva ( units) ranked third in terms of total consumption with a % share.
From 2007 to, the average annual growth rate of the volume of consumption of electrical transformers with non-liquid dielectric, of power handling capacity from kva to kva amounted to -%. With regard to the other consumed products, the following average annual rates of growth were recorded: electrical transformers with liquid dielectric, of power handling capacity from kva - kva (+% per year) and electrical transformers with non-liquid dielectric, of power handling capacity from kva to kva (-% per year).
In value terms, the most traded types of electrical transformers in the United States were electrical transformers with non-liquid dielectric, of power handling capacity over kva ($), electrical transformers with liquid dielectric, of power handling capacity from kva - kva ($) and electrical transformers with liquid dielectric, of power handling capacity over kva ($), together accounting for % of the total market.
Electrical transformers with liquid dielectric, of power handling capacity over kva, with a CAGR of +%, recorded the highest rates of growth with regard to market size, among the main consumed products over the period under review, while market for the other products experienced mixed trend patterns.
kva to kva ( units) constituted the product with the largest volume of consumption, comprising approx. % of total volume. Moreover, electrical transformers with non-liquid dielectric, of power handling capacity from kva to kva exceeded the figures recorded for the second-largest type, electrical transformers with liquid dielectric, of power handling capacity from kva - kva ( units), threefold. Electrical transformers with non-liquid dielectric, of power handling capacity from kva to kva ( units) ranked third in terms of total consumption with a % share.From 2007 to
, the average annual growth rate of the volume of consumption of electrical transformers with non-liquid dielectric, of power handling capacity from kva to kva amounted to -%. With regard to the other consumed products, the following average annual rates of growth were recorded: electrical transformers with liquid dielectric, of power handling capacity from kva - kva (+% per year) and electrical transformers with non-liquid dielectric, of power handling capacity from kva to kva (-% per year).In value terms, the most traded types of electrical transformers in the United States were electrical transformers with non-liquid dielectric, of power handling capacity over
kva ($), electrical transformers with liquid dielectric, of power handling capacity from kva - kva ($) and electrical transformers with liquid dielectric, of power handling capacity over kva ($), together accounting for % of the total market.Electrical transformers with liquid dielectric, of power handling capacity over
kva, with a CAGR of +%, recorded the highest rates of growth with regard to market size, among the main consumed products over the period under review, while market for the other products experienced mixed trend patterns.Market Forecast
Depressed by shrinking demand for electrical transformer in the United States, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to units by the end of .
% for the period from 2019 to , which is projected to depress the market volume to units by the end of .Market Structure
Electrical transformer market in the United States consists almost entirely of imported products.
Trade Balance
The United States remains a net importer of electrical transformer; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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