According to a 2021 forecast, the Asia-Pacific countries (APAC) are projected to surpass 50 percent of the distribution transformer market share by 2027. The power generation, transmission, and distribution sectors of this region will grow as renewable energies develop - the growth will be driven by the surging electricity demand of the expanding population. The APAC and European countries will be the only regions in the world to witness a positive trend in their distribution transformer market shares compared to 2021 levels, whereas North and South America are forecast to decrease.
Market share forecast of the distribution transformer industry worldwide in 2027, by region
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PTR. (November 1, 2022). Market share forecast of the distribution transformer industry worldwide in 2027, by region [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1360271/distribution-transformer-market-share-forecast-by-world-region/
PTR. "Market share forecast of the distribution transformer industry worldwide in 2027, by region." Chart. November 1, 2022. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1360271/distribution-transformer-market-share-forecast-by-world-region/
PTR. (2022). Market share forecast of the distribution transformer industry worldwide in 2027, by region. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1360271/distribution-transformer-market-share-forecast-by-world-region/
PTR. "Market Share Forecast of The Distribution Transformer Industry Worldwide in 2027, by Region." Statista, Statista Inc., 1 Nov 2022, https://www.statista.com/statistics/1360271/distribution-transformer-market-share-forecast-by-world-region/
PTR, Market share forecast of the distribution transformer industry worldwide in 2027, by region Statista, https://www.statista.com/statistics/1360271/distribution-transformer-market-share-forecast-by-world-region/ (last visited November 22, 2024)
Market share forecast of the distribution transformer industry worldwide in 2027, by region [Graph], PTR, November 1, 2022. [Online]. Available: https://www.statista.com/statistics/1360271/distribution-transformer-market-share-forecast-by-world-region/
