Market Forecast By Core (Closed, Shell, Berry), By Product (Power Transformer, Distribution Transformer, Instrument Transformer, Others), By Winding (Two-Winding, Auto-Transformer), By Application (Residential & Commercial, Utility, Industrial), By Cooling (Dry-Type, Oil Immersed), By Phase (Single Phase, 3-Phase), By Rating (10 MVA, 11 MVA To 60 MVA, 61 MVA To 600 MVA, > 600 MVA), by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe) And Competitive Landscape
Product Code: ETC057658 | Publication Date: Dec 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Europe Transformer Market report thoroughly covers market by Core, Product, Winding, Application, Cooling, Phase, Rating and Countries. The market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Europe Transformer Market is expected to project modest growth during the upcoming years owing to the increasing industrialization in the countries. The increasing supply of power to the consumer grid is driving the Europe Transformer Market Growth. The rising demand for electricity backed by increasing need to develop renewable sources of energy is driving the development of the market Share.
According to 6Wresearch, Europe Transformer Market size is projected to register a CAGR of 8.2% during 2024-2030.ย The Europe transformer market is one of the most mature markets globally, and its growth rate has been steadily increasing over the years. The demand for transformers in Europe is propelled by industrialization and urbanization, the increasing reliance on renewable energy sources, and the growing automotive industry, to name just a few. Another factor contributing to the growth of the transformer market is the increasing investment in smart grid technology. Investments in smart grids can lead to significant transformation in the operations of utilities, resulting in improved efficiency and reliability in the distribution of energy. As European countries continue to invest in smart grid technology initiatives, demand for transformers, such as distribution transformers and power transformers, will undoubtedly increase.
Furthermore, several European countries are focusing their efforts on reducing their carbon footprint to meet their climate goals. This shift toward clean energy is leading to an increased demand for renewable energy resources such as solar and wind power, contributing to the demand for transformers. Solar panels and wind turbines require various types of transformers, including power transformers and special transformers, to convert the electricity generated from these renewable sources and distribute it to the grid.
The Europe transformer market is highly competitive, with various transformer manufacturers operating across the region. As a buyer, it is essential to consider factors such as quality, price, and lead time when selecting a transformer manufacturer. Some of the leading transformer manufacturers operating in the Europe region include ABB Ltd., Siemens AG, General Electric Company, Mitsubishi Electric Corporation, and Schneider Electric SE. These manufacturers offer different types of transformers, such as power transformers, distribution transformers, and special transformers, for various industries.
With increasing government pressure to develop energy-efficient solutions, European manufacturers are investing in research and development. These advancements allow for higher transformer efficiency, reducing energy consumption while increasing transformer capacity. The surge in renewable energy sources such as wind, solar, and hydroelectric is driving demand for high-voltage transformers used in energy generation and transmission. Furthermore, this has led to the rise of decentralized small power producers, requiring transformers of various sizes and capacities. The rise of smart grids, which enable better management of energy systems, is creating a high demand for modern transformers that integrate with these grids. Smart grids use advanced communication and control technologies to increase awareness and control over energy consumption. This technology requires transformers that are capable of both supplying and receiving power according to real-time demand.
According to Sumit, Senior Research Analyst, 6Wresearch, the distribution transformer segment is expected to register growth during the upcoming years owing to the increasing generation of electricity.
Both winding segments, two-winding transformers and auto-transformers, are growing in the European market, but at different rates. The two-winding transformer market is growing, driven by government initiatives to reduce carbon emissions, and the increasing demand for renewable energy resources.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Transformer Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Transformer Market Revenues & Volume, 2020 & 2030F |
3.3 Europe Transformer Market - Industry Life Cycle |
3.4 Europe Transformer Market - Porter's Five Forces |
3.5 Europe Transformer Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Europe Transformer Market Revenues & Volume Share, By Core, 2020 & 2030F |
3.7 Europe Transformer Market Revenues & Volume Share, By Product, 2020 & 2030F |
3.8 Europe Transformer Market Revenues & Volume Share, By Winding, 2020 & 2030F |
3.9 Europe Transformer Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.10 Europe Transformer Market Revenues & Volume Share, By Cooling, 2020 & 2030F |
3.11 Europe Transformer Market Revenues & Volume Share, By Phase, 2020 & 2030F |
3.12 Europe Transformer Market Revenues & Volume Share, By Rating, 2020 & 2030F |
4 Europe Transformer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Transformer Market Trends |
6 Europe Transformer Market, 2020 - 2030 |
6.1 Europe Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
6.2 Europe Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
6.3 Europe Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
6.4 Europe Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
6.5 Europe Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
6.6 Europe Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
6.7 Europe Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
7 Germany Transformer Market, 2020 - 2030 |
7.1 Germany Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
7.2 Germany Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
7.3 Germany Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
7.4 Germany Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
7.5 Germany Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
7.6 Germany Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
7.7 Germany Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
8 United Kingdom Transformer Market, 2020 - 2030 |
8.1 United Kingdom Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
8.2 United Kingdom Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
8.3 United Kingdom Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
8.4 United Kingdom Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
8.5 United Kingdom Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
8.6 United Kingdom Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
8.7 United Kingdom Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
9 France Transformer Market, 2020 - 2030 |
9.1 France Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
9.2 France Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
9.3 France Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
9.4 France Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
9.5 France Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
9.7 France Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
9.8 France Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
10 Italy Transformer Market, 2020 - 2030 |
10.1 Italy Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
10.2 Italy Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
10.3 Italy Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
10.4 Italy Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
10.5 Italy Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
10.6 Italy Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
10.7 Italy Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
11 Russia Transformer Market, 2020 - 2030 |
11.1 Russia Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
11.2 Russia Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
11.3 Russia Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
11.4 Russia Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
11.5 Russia Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
11.6 Russia Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
11.7 Russia Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
12 Spain Transformer Market, 2020 - 2030 |
12.1 Spain Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
12.2 Spain Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
12.3 Spain Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
12.4 Spain Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
12.5 Spain Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
12.6 Spain Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
12.7 Spain Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
13 Rest of Europe Transformer Market, 2020 - 2030 |
13.1 Rest of Europe Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
13.2 Rest of Europe Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
13.3 Rest of Europe Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
13.4 Rest of Europe Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
13.5 Rest of Europe Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
13.6 Rest of Europe Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
13.7 Rest of Europe Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
14 Europe Transformer Market Key Performance Indicators |
15 Europe Transformer Market - Opportunity Assessment |
15.1 Europe Transformer Market Opportunity Assessment, By Countries, 2020 & 2030F |
15.2 Europe Transformer Market Opportunity Assessment, By Core, 2020 & 2030F |
15.3 Europe Transformer Market Opportunity Assessment, By Product, 2020 & 2030F |
15.4 Europe Transformer Market Opportunity Assessment, By Winding, 2020 & 2030F |
15.5 Europe Transformer Market Opportunity Assessment, By Application, 2020 & 2030F |
15.6 Europe Transformer Market Opportunity Assessment, By Cooling, 2020 & 2030F |
15.7 Europe Transformer Market Opportunity Assessment, By Phase, 2020 & 2030F |
15.8 Europe Transformer Market Opportunity Assessment, By Rating, 2020 & 2030F |
16 Europe Transformer Market - Competitive Landscape |
16.1 Europe Transformer Market Revenue Share, By Companies, 2023 |
16.2 Europe Transformer Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |
Market Forecast By Core (Closed, Shell, Berry), By Product (Power Transformer, Distribution Transformer, Instrument Transformer, Others), By Winding (Two-Winding, Auto-Transformer), By Application (Residential & Commercial, Utility, Industrial), By Cooling (Dry-Type, Oil Immersed), By Phase (Single Phase, 3-Phase), By Rating (10 MVA, 11 MVA To 60 MVA, 61 MVA To 600 MVA, > 600 MVA), by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe) And Competitive Landscape
Product Code: ETC057658 | Publication Date: Feb 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Europe Transformer Marketย is projected to grow over the coming years. Europe Transformer Market is a part of our various regional publications globally. 6W tracks Transformer Market for over 60 countries with individual country-wise market opportunity assessment and publishes the report titled Global Transformer Market outlook report annually.
Europe Transformer Market report thoroughly covers market by Core, Product, Winding, Application, Cooling, Phase, Rating and Countries. The market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Europe Transformer Market Synopsis
Europe Transformer Market is expected to project modest growth during the upcoming years owing to the increasing industrialization in the countries. The increasing supply of power to the consumer grid is driving the Europe Transformer Market Growth. The rising demand for electricity backed by increasing need to develop renewable sources of energy is driving the development of Europe Transformer market Share.
According to 6Wresearch, Europe Transformer Market size is projected to register growth during 2021-2027. ย Increasing penetration towards renovation of existing power grid system is one of the major factors driving the Europe Transformer Market Revenue. The increasing government initiatives to promote the electric vehicles in order to reduce the emission green-house gas is expected to trigger the potential growth of the market. However, the fluctuations in the price of raw material for manufacturing industries is a restraining factor in the development of market. The outbreak of coronavirus pandemic has also declined the growth of the market owing to the delay in upcoming construction projects.
Market Analysis by Product
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Based on product, Distribution Transformer Market is expected to register growth during the upcoming years owing to the increasing generation of electricity.ย
Other Related Reports:
ย Asia Pacific Transformer Market | ย Latin America Transformer Market |
ย Middle East Transformer Market | ย Global Transformer Market |
ย North America Transformer Market | ย Africa Transformer Market |
Key Attractiveness of the Report
Key Highlights of the Report:
Market Scope and Segmentation
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Theย report provides a detailed analysis of the following Market segments:
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