U.S. transformer market ranks second in global imports
IndexBox Marketing has published a report titled “U.S. Power, Distribution, and Specialty Transformer Market. Analysis and Forecast to 2020.”
According to the report, the U.S. ranks second in global imports of power, distribution, and specialty transformers with a 15% share, following China with 17%, reports Get News.
In 2015, U.S. power, distribution, and specialty transformer imports totalled $3,7 billion.
The U.S. continues to be one of the biggest markets for global exporters. However, the attractiveness of the U.S. market is lowered by depressed import growth rates.
Mexico was the main supplier of power, distribution, and specialty transformers into the U.S., with a combined 37% share of total U.S. imports in 2015.
However, China (ranking second) and Canada (ranking third) were the fastest growing suppliers from 2007 to 2015.
Source: Get News