For a long time, the power transformer market has been characterized by oversupply, with delivery times typically ranging from 6 to 8 months after an order was placed. However, in recent years, the rapid development of data centers has driven a surge in power demand, causing a flood of orders from power companies. As a result, delivery cycles have now extended to 3 to 4 years. Industry analysts predict that by 2030, the global transformer market will grow significantly, with its value projected to rise from the current $48 billion to $67 billion. This shift presents a historic opportunity for the transformer manufacturing industry in China to expand its exports.
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Global Transformer Supply Tightens, Export Sector Sees Opportunity
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For a long time, the power transformer market has been characterized by oversupply, with delivery times typically ranging from 6 to 8 months after an order was placed. However, in recent years, the rapid development of data centers has driven a surge in power demand, causing a flood of orders from power companies.
