The average compound annual growth rate (CAGR) of the distribution transformer market worldwide is projected to be around 4.5 percent between 2021 and 2027. The APAC countries will account for the largest CAGR, at over six percent during that timeframe. By comparison, the Middle East and Africa region will have a compound growth rate of approximately 3.2 percent per year.
According to a 2021 forecast, at this rate, the projected distribution transformer market share of the APAC countries will account for 54 percent by 2027.
Compound annual growth rate of the distribution transformer industry worldwide from 2021 to 2027, by region
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PTR. (November 1, 2022). Compound annual growth rate of the distribution transformer industry worldwide from 2021 to 2027, by region [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/1360299/distribution-transformer-market-cagr-by-region/
PTR. "Compound annual growth rate of the distribution transformer industry worldwide from 2021 to 2027, by region." Chart. November 1, 2022. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/1360299/distribution-transformer-market-cagr-by-region/
PTR. (2022). Compound annual growth rate of the distribution transformer industry worldwide from 2021 to 2027, by region. Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/1360299/distribution-transformer-market-cagr-by-region/
PTR. "Compound Annual Growth Rate of The Distribution Transformer Industry Worldwide from 2021 to 2027, by Region." Statista, Statista Inc., 1 Nov 2022, https://www.statista.com/statistics/1360299/distribution-transformer-market-cagr-by-region/
PTR, Compound annual growth rate of the distribution transformer industry worldwide from 2021 to 2027, by region Statista, https://www.statista.com/statistics/1360299/distribution-transformer-market-cagr-by-region/ (last visited November 05, 2024)
Compound annual growth rate of the distribution transformer industry worldwide from 2021 to 2027, by region [Graph], PTR, November 1, 2022. [Online]. Available: https://www.statista.com/statistics/1360299/distribution-transformer-market-cagr-by-region/
