Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Core (Closed, Shell, Berry), By Product (Distribution Transformer, Power Transformer, Instrument Transformer, Others), By Winding (Two Winding, Auto Transformer), By Installation (Outdoor, Indoor), By Modes of Cooling (ONAN, ONWF, ONAF, Others), By Phase (Three, Single), By Mounting (Pad, Pole, Foundation, Others), By Rating (< 5 MVA, 5 MVA - 10 MVA, > 10 MVA) And Competitive Landscape
Product Code: ETC396568 | Publication Date: Aug 2022 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
According to 6Wresearch internal database and industry insights,
Report Name | Europe Oil Filled Transformer Market |
Forecast period | 2025-2031 |
CAGR | 5.6% |
Market Size | USD 15.7 billion by 2031 |
Growing Sector | Power Distribution & Transmission |
The Europe Oil Filled Transformer Market report thoroughly covers the market by core, product, winding, installation, modes of cooling, phase, mounting,counteries and rating. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Europe Oil Filled Transformer Market is predicted to undergo major growth due to the increasing requirement for reliable power distribution, the expansion of renewable energy projects, and continuous upgrades to aging electrical infrastructure. Oil-filled transformers, known for their efficient performance and ability to hold high voltage levels, are important for power distribution, particularly in regions with high power requirements. Additionally, Government initiatives promoting energy efficiency and the adoption of clean energy technologies are bolstering the expansion of the market.
Below mentioned are some prominent drivers and their influence to the market dynamics:
Drivers | Primary Segments Affected | Why it matters (evidence) |
Infrastructure Development | >10 MVA & 5-10 MVA; Power Transformers | The need for high-capacity oil-filled transformers for power distribution due to the rising construction in power plants, smart cities, and megaprojects across Europe. |
Renewable Energy Integration | Distribution Transformers; Shell Core | The rising shift toward renewable energy sources such as wind and solar requires stable, large-scale power transmission and distribution infrastructure, spurring transformer demand. |
Aging Electrical Infrastructure | Distribution & Power Transformers; Closed Core | The replacement of outdated transformers in Europe’s power grid is pushing the requirement for new oil-filled transformers. |
Government Green Initiatives | All Types; Industrial, Residential | Investment in modern transformer technologies are spurring due to government regulations encouraging energy-efficient systems and low-emission technologies, such as the EU Green Deal. |
Demand for Energy Security | Distribution Transformers; All Phases | Countries seeking to ensure dependable and uninterrupted power supply are allocating money in higher-rated transformers for grid resilience. |
The Europe Oil Filled Transformer Market size is projected to grow at the CAGR of 5.6% during 2025–2031. It is bolstered by the growing emphasis on energy efficiency, renewable integration, and grid modernization. There is an increasing requirement for robust power distribution and transmission systems proficient of handling changing power loads as renewable energy production, including wind and solar, becomes more prevalent.
Below mentioned are some major restraints and their influence to the market dynamics:
Restraints | Primary Segments Affected | What this means (evidence) |
High Operational Costs | Power Transformers; All Ratings | High maintenance and operational prices, consisting of oil replacement and leakage prevention, restricts the cost-effectiveness of large transformers. |
Environmental Concerns | All Product Types | Environmental hazards and regulatory challenges are posed due to oil-filled transformers face increasing scrutiny due to oil leakage risks. |
Long Lead Times for Manufacturing | >10 MVA & Distribution Transformers | The complex design and manufacturing process for high-capacity transformers increase lead times, slowing project implementation timelines. |
Competition from Dry-Type Transformers | Distribution & Power Transformers | Dry-type transformers, which are safer and more environmentally friendly, present stiff competition to oil-filled transformers in certain segments. |
Limited Availability of Raw Materials | Shell & Closed Core Transformers | The requirement for high-quality materials such as copper and specialized steel for transformer cores can result in supply chain bottlenecks, especially in the wake of geopolitical tensions. |
Despite the growing demand, the Europe Oil Filled Transformer Market goes through numerous challenges. One major challenge is the high operational prices related with the regular maintenance and oil leakage prevention of transformers. Environmental issues also pose a problem, especially in urban areas where leakage could cause major environmental damage. Additionally, long lead times for manufacturing, especially for high-capacity transformers, can postpone project timelines. The growing popularity of dry-type transformers as an eco-friendly alternative is also putting pressure on the oil-filled transformer market, making it more difficult for traditional players to maintain a competitive edge.
Several prominent trends reshaping the market growth are:
Some prominent investment opportunities in the market are:
Some leading players operating in the Europe Oil Filled Transformer Market are:
Company Name | Siemens Energy AG |
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Established Year | 2008 |
Headquarters | Erlangen, Germany |
Official Website | Click Here |
Siemens Energy is a worldwide leader in electrical engineering, providing a broad range of oil-filled transformers, consisting of distribution, power, and special application transformers.
Company Name | Schneider Electric |
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Established Year | 1836 |
Headquarters | Rueil-Malmaison, France |
Official Website | Click Here |
Schneider Electric is a leader in energy management and automation solutions, giving sustainable transformer solutions that incorporate with digital technologies.
Company Name | ABB Ltd. |
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Established Year | 1988 |
Headquarters | Zurich, Switzerland |
Official Website | Click Here |
ABB is a worldwide powerhouse in power and automation, providing a broad range of transformers, consisting of oil-filled types for energy, industrial, and utility sectors.
Company Name | Mitsubishi Electric Corporation |
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Established Year | 1921 |
Headquarters | Tokyo, Japan |
Official Website | Click Here |
Mitsubishi Electric manufactures a broad range of transformers, consisting of high-efficiency oil-filled transformers, catering industrial and utility markets across Europe.
Company Name | Eaton Corporation |
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Established Year | 1911 |
Headquarters | Dublin, Ireland |
Official Website | Click Here |
Eaton gives comprehensive transformer solutions for energy distribution, consisting of highly efficient oil-filled transformers for a variety of industrial and commercial applications.
Europe’s energy policies, consisting of the EU Green Deal and the Circular Economy Action Plan, are directly affecting the oil-filled transformer market. Countries like Germany have introduced subsidies for energy-efficient technologies, which are accelerating the adoption of oil-filled transformers with Reduced carbon emissions. Additionally, To decrease environmental hazards from oil leakage, France and Italy have enforced regulations which encourages the use of biodegradable oils.
The Europe Oil Filled Transformer Market Growth is anticipated to increase majorly due to ongoing grid modernization, the incorporation of renewable energy sources, and government policies encouraging energy-efficient technologies. Requirement for advanced oil-filled transformers is predicted to increase to rise, especially in industrial sectors owing with the growing requirement for reliable power distribution and transmission infrastructure.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Kapil, Senior Research Analyst at 6Wresearch, Germany is the largest market in Europe due to its developed energy infrastructure, strong industrial sector, and continuous investments in renewable energy projects that need effective transformer systems.
The Distribution Transformer segment holds the largest Europe Oil Filled Transformer Market Share due to its broad use in energy distribution across residential, commercial, and industrial sectors.
Two Winding Transformers leads in the Europe Oil Filled Transformer Market owing to their flexibility and ability to handle large power capacities, making them best for various applications in power generation and transmission.
The Closed Core transformers are anticipated to lead the market due to their compact size, high efficiency, and enriched performance under high load conditions. They are especially chosen for distribution applications, where efficiency and decreased maintenance are crucial.
Outdoor installations will lead the market, particularly in industrial, telecommunication, and power distribution applications. This is mainly because of the need for larger transformers, typically used in substations and power plants.
The ONAN (Oil Natural Air Natural) cooling mode will persist to dominate, primarily as it provides a reliable, efficient, and low-cost cooling solution for most distribution and medium-capacity transformers.
Three-phase transformers dominate the market due to their broad application in industrial and commercial settings, where power is transmitted over long distances. These transformers are more efficient, provide a balanced load, and are ideal for high-capacity systems.
Pad-mounting will lead in the Europe Oil Filled Transformer Market as it is commonly used in distribution chains. These transformers are highly dependable and are installed straight onto the ground or a pad foundation, which is appropriate for substations and power distribution grids in both rural and urban areas. Pole-mounting and foundation mounting are typically used for specific requirements in remote areas or high-voltage transmission applications.
Transformers with a rating of >10 MVA will lead the market due to the substantial demand in power plants, large-scale industries, and public infrastructure. These high-rated transformers are crucial for handling large power loads, ensuring efficient transmission and distribution of electricity across vast areas. The <5 MVA and 5–10 MVA ratings will continue to grow as well but are mostly applied in distribution and industrial facilities with smaller power requirements.
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 Oil Filled Transformer Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Oil Filled Transformer Market Revenues & Volume, 2021 & 2031F |
3.3 Europe Oil Filled Transformer Market - Industry Life Cycle |
3.4 Europe Oil Filled Transformer Market - Porter's Five Forces |
3.5 Europe Oil Filled Transformer Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Europe Oil Filled Transformer Market Revenues & Volume Share, By Core, 2021 & 2031F |
3.7 Europe Oil Filled Transformer Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.8 Europe Oil Filled Transformer Market Revenues & Volume Share, By Winding, 2021 & 2031F |
3.9 Europe Oil Filled Transformer Market Revenues & Volume Share, By Installation, 2021 & 2031F |
3.10 Europe Oil Filled Transformer Market Revenues & Volume Share, By Modes of Cooling, 2021 & 2031F |
3.11 Europe Oil Filled Transformer Market Revenues & Volume Share, By Phase, 2021 & 2031F |
3.12 Europe Oil Filled Transformer Market Revenues & Volume Share, By Mounting, 2021 & 2031F |
4 Europe Oil Filled Transformer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Oil Filled Transformer Market Trends |
6 Europe Oil Filled Transformer Market, 2021 - 2031 |
6.1 Europe Oil Filled Transformer Market, Revenues & Volume, By Core, 2021 - 2031 |
6.2 Europe Oil Filled Transformer Market, Revenues & Volume, By Product, 2021 - 2031 |
6.3 Europe Oil Filled Transformer Market, Revenues & Volume, By Winding, 2021 - 2031 |
6.4 Europe Oil Filled Transformer Market, Revenues & Volume, By Installation, 2021 - 2031 |
6.5 Europe Oil Filled Transformer Market, Revenues & Volume, By Modes of Cooling, 2021 - 2031 |
6.6 Europe Oil Filled Transformer Market, Revenues & Volume, By Phase, 2021 - 2031 |
6.7 Europe Oil Filled Transformer Market, Revenues & Volume, By Mounting, 2021 - 2031 |
6.8 Europe Oil Filled Transformer Market, Revenues & Volume, By Rating, 2021 - 2031 |
7 Germany Oil Filled Transformer Market, 2021 - 2031 |
7.1 Germany Oil Filled Transformer Market, Revenues & Volume, By Core, 2021 - 2031 |
7.2 Germany Oil Filled Transformer Market, Revenues & Volume, By Product, 2021 - 2031 |
7.3 Germany Oil Filled Transformer Market, Revenues & Volume, By Winding, 2021 - 2031 |
7.4 Germany Oil Filled Transformer Market, Revenues & Volume, By Installation, 2021 - 2031 |
7.5 Germany Oil Filled Transformer Market, Revenues & Volume, By Modes of Cooling, 2021 - 2031 |
7.6 Germany Oil Filled Transformer Market, Revenues & Volume, By Phase, 2021 - 2031 |
7.7 Germany Oil Filled Transformer Market, Revenues & Volume, By Mounting, 2021 - 2031 |
7.8 Germany Oil Filled Transformer Market, Revenues & Volume, By Rating, 2021 - 2031 |
8 United Kingdom Oil Filled Transformer Market, 2021 - 2031 |
8.1 United Kingdom Oil Filled Transformer Market, Revenues & Volume, By Core, 2021 - 2031 |
8.2 United Kingdom Oil Filled Transformer Market, Revenues & Volume, By Product, 2021 - 2031 |
8.3 United Kingdom Oil Filled Transformer Market, Revenues & Volume, By Winding, 2021 - 2031 |
8.4 United Kingdom Oil Filled Transformer Market, Revenues & Volume, By Installation, 2021 - 2031 |
8.5 United Kingdom Oil Filled Transformer Market, Revenues & Volume, By Modes of Cooling, 2021 - 2031 |
8.6 United Kingdom Oil Filled Transformer Market, Revenues & Volume, By Phase, 2021 - 2031 |
8.7 United Kingdom Oil Filled Transformer Market, Revenues & Volume, By Mounting, 2021 - 2031 |
8.8 United Kingdom Oil Filled Transformer Market, Revenues & Volume, By Rating, 2021 - 2031 |
9 France Oil Filled Transformer Market, 2021 - 2031 |
9.1 France Oil Filled Transformer Market, Revenues & Volume, By Core, 2021 - 2031 |
9.2 France Oil Filled Transformer Market, Revenues & Volume, By Product, 2021 - 2031 |
9.3 France Oil Filled Transformer Market, Revenues & Volume, By Winding, 2021 - 2031 |
9.4 France Oil Filled Transformer Market, Revenues & Volume, By Installation, 2021 - 2031 |
9.5 France Oil Filled Transformer Market, Revenues & Volume, By Modes of Cooling, 2021 - 2031 |
9.6 France Oil Filled Transformer Market, Revenues & Volume, By Phase, 2021 - 2031 |
9.7 France Oil Filled Transformer Market, Revenues & Volume, By Mounting, 2021 - 2031 |
9.8 France Oil Filled Transformer Market, Revenues & Volume, By Rating, 2021 - 2031 |
10 Italy Oil Filled Transformer Market, 2021 - 2031 |
10.1 Italy Oil Filled Transformer Market, Revenues & Volume, By Core, 2021 - 2031 |
10.2 Italy Oil Filled Transformer Market, Revenues & Volume, By Product, 2021 - 2031 |
10.3 Italy Oil Filled Transformer Market, Revenues & Volume, By Winding, 2021 - 2031 |
10.4 Italy Oil Filled Transformer Market, Revenues & Volume, By Installation, 2021 - 2031 |
10.5 Italy Oil Filled Transformer Market, Revenues & Volume, By Modes of Cooling, 2021 - 2031 |
10.6 Italy Oil Filled Transformer Market, Revenues & Volume, By Phase, 2021 - 2031 |
10.7 Italy Oil Filled Transformer Market, Revenues & Volume, By Mounting, 2021 - 2031 |
10.8 Italy Oil Filled Transformer Market, Revenues & Volume, By Rating, 2021 - 2031 |
11 Russia Oil Filled Transformer Market, 2021 - 2031 |
11.1 Russia Oil Filled Transformer Market, Revenues & Volume, By Core, 2021 - 2031 |
11.2 Russia Oil Filled Transformer Market, Revenues & Volume, By Product, 2021 - 2031 |
11.3 Russia Oil Filled Transformer Market, Revenues & Volume, By Winding, 2021 - 2031 |
11.4 Russia Oil Filled Transformer Market, Revenues & Volume, By Installation, 2021 - 2031 |
11.5 Russia Oil Filled Transformer Market, Revenues & Volume, By Modes of Cooling, 2021 - 2031 |
11.6 Russia Oil Filled Transformer Market, Revenues & Volume, By Phase, 2021 - 2031 |
11.7 Russia Oil Filled Transformer Market, Revenues & Volume, By Mounting, 2021 - 2031 |
11.8 Russia Oil Filled Transformer Market, Revenues & Volume, By Rating, 2021 - 2031 |
12 Spain Oil Filled Transformer Market, 2021 - 2031 |
12.1 Spain Oil Filled Transformer Market, Revenues & Volume, By Core, 2021 - 2031 |
12.2 Spain Oil Filled Transformer Market, Revenues & Volume, By Product, 2021 - 2031 |
12.3 Spain Oil Filled Transformer Market, Revenues & Volume, By Winding, 2021 - 2031 |
12.4 Spain Oil Filled Transformer Market, Revenues & Volume, By Installation, 2021 - 2031 |
12.5 Spain Oil Filled Transformer Market, Revenues & Volume, By Modes of Cooling, 2021 - 2031 |
12.6 Spain Oil Filled Transformer Market, Revenues & Volume, By Phase, 2021 - 2031 |
12.7 Spain Oil Filled Transformer Market, Revenues & Volume, By Mounting, 2021 - 2031 |
12.8 Spain Oil Filled Transformer Market, Revenues & Volume, By Rating, 2021 - 2031 |
13 Rest of Europe Oil Filled Transformer Market, 2021 - 2031 |
13.1 Rest of Europe Oil Filled Transformer Market, Revenues & Volume, By Core, 2021 - 2031 |
13.2 Rest of Europe Oil Filled Transformer Market, Revenues & Volume, By Product, 2021 - 2031 |
13.3 Rest of Europe Oil Filled Transformer Market, Revenues & Volume, By Winding, 2021 - 2031 |
13.4 Rest of Europe Oil Filled Transformer Market, Revenues & Volume, By Installation, 2021 - 2031 |
13.5 Rest of Europe Oil Filled Transformer Market, Revenues & Volume, By Modes of Cooling, 2021 - 2031 |
13.6 Rest of Europe Oil Filled Transformer Market, Revenues & Volume, By Phase, 2021 - 2031 |
13.7 Rest of Europe Oil Filled Transformer Market, Revenues & Volume, By Mounting, 2021 - 2031 |
13.8 Rest of Europe Oil Filled Transformer Market, Revenues & Volume, By Rating, 2021 - 2031 |
14 Europe Oil Filled Transformer Market Key Performance Indicators |
15 Europe Oil Filled Transformer Market - Opportunity Assessment |
15.1 Europe Oil Filled Transformer Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Europe Oil Filled Transformer Market Opportunity Assessment, By Core, 2021 & 2031F |
15.3 Europe Oil Filled Transformer Market Opportunity Assessment, By Product, 2021 & 2031F |
15.4 Europe Oil Filled Transformer Market Opportunity Assessment, By Winding, 2021 & 2031F |
15.5 Europe Oil Filled Transformer Market Opportunity Assessment, By Installation, 2021 & 2031F |
15.6 Europe Oil Filled Transformer Market Opportunity Assessment, By Modes of Cooling, 2021 & 2031F |
15.7 Europe Oil Filled Transformer Market Opportunity Assessment, By Phase, 2021 & 2031F |
15.8 Europe Oil Filled Transformer Market Opportunity Assessment, By Mounting, 2021 & 2031F |
15.9 Europe Oil Filled Transformer Market Opportunity Assessment, By Rating, 2021 & 2031F |
16 Europe Oil Filled Transformer Market - Competitive Landscape |
16.1 Europe Oil Filled Transformer Market Revenue Share, By Companies, 2024 |
16.2 Europe Oil Filled Transformer Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |