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) And Competitive Landscape
Product Code: ETC014253 | Publication Date: Oct 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Italy Transformer market currently, in 2023, has witnessed an HHI of 1892, Which has decreased slightly as compared to the HHI of 1954 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Italy Transformer Market report thoroughly covers the market by Core, Product, Winding, application, Cooling, Rating and Phase. The market report provides an unbiased and detailed analysis of the ongoing 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.
Italy Transformer Market is expected to register modest growth on account of growing concern towards reducing the risk of power theft. Stringent government policies towards rural electrification are driving the Italy Transformer Market Growth. Additionally, the rising consciousness of consumers regarding the adoption of smart grid systems triggers the potential growth of the market. Increasing penetration towards the development of efficient electricity systems is adding to the Italy Transformer Market Share.
According to 6Wresearch, Italy Transformer Market size is anticipated to register a tremendous growth rate (CAGR) of 4.4% during 2025-2031. The growth of the transformer market in Italy is driven by the need to modernize the country's energy infrastructure. The increasing energy demand coupled with the adoption of renewable energy sources has put pressure on the electrical grid, requiring upgrades to address the challenges. The rise in the number of residential and industrial constructions has also created a demand for new transformers. The government's initiative to invest in green energy projects, including the installation of wind and solar farms, has opened up new opportunities for the transformer industry.
The transformer market in Italy is faced with several challenges. One of the major challenges is the stringent government regulations on carbon emissions, which have increased the cost of production for transformer manufacturers. Another challenge is the low profit margins that make it difficult for small and medium-sized companies to compete with large corporations. The volatility in the prices of raw materials also poses a significant challenge for manufacturers, making it difficult to predict the cost of production.
The transformer market in Italy is dominated by a few major players, including ABB, Elettromeccanica, Terna, CG Power and Industrial Solutions. These companies have a significant market share owing to their strong distribution networks and product innovation. Additionally, these companies invest heavily in R&D to develop new transformers that meet the changing needs of the market. However, several small and medium-sized transformer manufacturers are also present in Italy, mainly catering to the local market.
The government in Italy has implemented several initiatives to promote the use of renewable energy sources. The government has also set ambitious targets for reducing the country's carbon footprint. The transition to renewable energy sources has created a favourable environment for the transformer industry. However, the stringent regulations on carbon emissions have increased the cost of production for transformer manufacturers. Additionally, the local content policies also require transformer manufacturers to use Italian-made components in their products, further driving the cost of production.
According to Ravi Bhandari, Research Head, 6Wresearch, the distribution transformer segment is driving a significant share and is expected to dominate the market during the upcoming years.
The utility segment is the largest of the three application segments in Italy's transformer market. The demand for transformers in this segment depends on the government's regulations and policies. The Italian government is increasingly investing in upgrading the country's power infrastructure,
The report provides a detailed analysis of the following 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 Italy Transformer Market Overview |
3.1 Italy Country Macro Economic Indicators |
3.2 Italy Transformer Market Revenues & Volume, 2021 & 2031F |
3.3 Italy Transformer Market - Industry Life Cycle |
3.4 Italy Transformer Market - Porter's Five Forces |
3.5 Italy Transformer Market Revenues & Volume Share, By Core, 2031 & 2031F |
3.6 Italy Transformer Market Revenues & Volume Share, By Product, 2031 & 2031F |
3.7 Italy Transformer Market Revenues & Volume Share, By Winding, 2031 & 2031F |
3.8 Italy Transformer Market Revenues & Volume Share, By Application, 2031 & 2031F |
3.9 Italy Transformer Market Revenues & Volume Share, By Cooling, 2031 & 2031F |
3.10 Italy Transformer Market Revenues & Volume Share, By Insulation, 2031 & 2031F |
3.11 Italy Transformer Market Revenues & Volume Share, By Phase, 2031 & 2031F |
4 Italy Transformer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Italy Transformer Market Trends |
6 Italy Transformer Market, By Types |
6.1 Italy Transformer Market, By Core |
6.1.1 Overview and Analysis |
6.1.2 Italy Transformer Market Revenues & Volume, By Core, 2021 - 2031F |
6.1.3 Italy Transformer Market Revenues & Volume, By Closed, 2021 - 2031F |
6.1.4 Italy Transformer Market Revenues & Volume, By Shell, 2021 - 2031F |
6.1.5 Italy Transformer Market Revenues & Volume, By Berry, 2021 - 2031F |
6.2 Italy Transformer Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Italy Transformer Market Revenues & Volume, By Power transformer, 2021 - 2031F |
6.2.3 Italy Transformer Market Revenues & Volume, By Distribution transformer, 2021 - 2031F |
6.2.4 Italy Transformer Market Revenues & Volume, By Instrument transformer, 2021 - 2031F |
6.2.5 Italy Transformer Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Italy Transformer Market, By Winding |
6.3.1 Overview and Analysis |
6.3.2 Italy Transformer Market Revenues & Volume, By Two-winding, 2021 - 2031F |
6.3.3 Italy Transformer Market Revenues & Volume, By Auto-transformer, 2021 - 2031F |
6.4 Italy Transformer Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Italy Transformer Market Revenues & Volume, By Residential & Commercial, 2021 - 2031F |
6.4.3 Italy Transformer Market Revenues & Volume, By Utility, 2021 - 2031F |
6.4.4 Italy Transformer Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.5 Italy Transformer Market, By Cooling |
6.5.1 Overview and Analysis |
6.5.2 Italy Transformer Market Revenues & Volume, By Dry type, 2021 - 2031F |
6.5.3 Italy Transformer Market Revenues & Volume, By Oil Immersed, 2021 - 2031F |
6.6 Italy Transformer Market, By Insulation |
6.6.1 Overview and Analysis |
6.6.2 Italy Transformer Market Revenues & Volume, By Gas, 2021 - 2031F |
6.6.3 Italy Transformer Market Revenues & Volume, By Oil, 2021 - 2031F |
6.6.4 Italy Transformer Market Revenues & Volume, By Solid, 2021 - 2031F |
6.6.5 Italy Transformer Market Revenues & Volume, By Air, 2021 - 2031F |
6.6.6 Italy Transformer Market Revenues & Volume, By Others, 2021 - 2031F |
6.7 Italy Transformer Market, By Phase |
6.7.1 Overview and Analysis |
6.7.2 Italy Transformer Market Revenues & Volume, By Single phase, 2021 - 2031F |
6.7.3 Italy Transformer Market Revenues & Volume, By 3 - phase, 2021 - 2031F |
6.8 Italy Transformer Market, By Rating |
6.8.1 Overview and Analysis |
6.8.2 Italy Transformer Market Revenues & Volume, By ? 10 MVA, 2021 - 2031F |
6.8.3 Italy Transformer Market Revenues & Volume, By 11 MVA to 60 MVA, 2021 - 2031F |
6.8.4 Italy Transformer Market Revenues & Volume, By > 600 MVA, 2021 - 2031F |
6.8.5 Italy Transformer Market Revenues & Volume, By > 600 MVA, 2021 - 2031F |
7 Italy Transformer Market Import-Export Trade Statistics |
7.1 Italy Transformer Market Export to Major Countries |
7.2 Italy Transformer Market Imports from Major Countries |
8 Italy Transformer Market Key Performance Indicators |
9 Italy Transformer Market - Opportunity Assessment |
9.1 Italy Transformer Market Opportunity Assessment, By Core, 2031 & 2031F |
9.2 Italy Transformer Market Opportunity Assessment, By Product, 2031 & 2031F |
9.3 Italy Transformer Market Opportunity Assessment, By Winding, 2031 & 2031F |
9.4 Italy Transformer Market Opportunity Assessment, By Application, 2031 & 2031F |
9.5 Italy Transformer Market Opportunity Assessment, By Cooling, 2031 & 2031F |
9.6 Italy Transformer Market Opportunity Assessment, By Insulation, 2031 & 2031F |
9.7 Italy Transformer Market Opportunity Assessment, By Phase, 2031 & 2031F |
9.7 Italy Transformer Market Opportunity Assessment, By Rating, 2031 & 2031F |
10 Italy Transformer Market - Competitive Landscape |
10.1 Italy Transformer Market Revenue Share, By Companies, 2024 |
10.2 Italy Transformer Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |