Published Date: 2021-02-25
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European Transformer Market size is estimated to grow significantly from 2021 to 2027, according to a latest forecast report by Graphical Research.
European transformer industry growth will be driven by rising electricity demand coupled with increasing adoption of advanced distribution and transmission networks. Rapid adoption of smart grid technology along with integration of energy efficient electric systems will positively propel the industry scenario. Moreover, stringent government reforms to revamp conventional grid infrastructure will influence the market outlook.
< 10 MVA transformers will observe a surge on account of increase in power consumption across commercial and residential establishments. Increased adoption of these transformers across various sectors including power, industries and infrastructure will improve the business landscape. Ongoing government measures to adopt smart distribution and transmission technologies along with renovating the existing grid infrastructure will foster the market size.
Shell based transformer market is projected to register high demand, propelled by its applicability across low voltage segment including residential and lower commercial establishments. Good short circuit strength followed by its compact size and ability to control leakage of magnetic flux will. encourage the product demand. Increasing investments toward innovative designs and cutting-edge technologies by major industry players to improve the products reliability, continuous power supply ability and minimize total operating cost will further fuel the market revenue.
Browse detailed statistical insights from the report, “Europe Transformer Market Size By Installation (Outdoor, Indoor), By Core (Closed, Shell, Berry), By Product (Distribution Transformer, Power Transformer, Instrument Transformer), By Cooling (Dry Type, Oil Immersed), By Insulation (Gas, Oil, Solid, Air), By Rating (≤ 10 MVA, 11 MVA To 60 MVA, 61 MVA To 600 MVA, > 600 MVA), By Mounting (Pad, Pole, PC/PCB), By Application (Residential & Commercial, Utility, Industrial), Country Outlook (Germany, France, Russia, UK, Italy), Research Report, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1667/europe-transformer-market
Pad mounted transformers will witness lucrative growth due to increasing investments towards renewable sector coupled with introduction of government schemes and plans. In addition, high space restrictions across suburban areas will strongly adopt the mounting technology. Ongoing government reforms toward installation of clean energy systems along with growing inclination toward grid reliability & stability will strengthen the market landscape.
UK transformer market is predicted to observe substantial development on account of government efforts to increase renewable energy share and renovation of existing traditional grid infrastructure. Increasing electricity demand along with replacement of traditional grid networks will complement the business scenario. In addition, favorable government norms to adopt smart control and monitoring systems will increase the market demand.
The impact of COVID-19 on the industry is least owing to rising demand of electricity across healthcare and industrial sectors. Thus, due to less on-site operations and supply chain disruptions, a decline in demand may be observed.
Major participants across the market are aiming to introduce advance technologies by doing acquisitions, mergers and forming strategic alliances to sustain their position in the market. Key players ABB, Arteche, PFIFFNER Group, TRENCH Group, Celme, Hyosung Power & Industrial Systems, Mitsubishi Electric Corporation, General Electric, Siemens AG, Schneider Electric, CG Power and Industrial Solutions, Toshiba Corporation, IMEFY Group, and Eaton.
The European transformer market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD billion from 2016 to 2027 for the following segments:
Europe Market, By Core
Europe Market, By Product
Europe Market, By Winding
Europe Market, By Installation
Europe Market, By Cooling
Europe Market, By Insulation
Europe Market, By Phase
Europe Market, By Rating
Europe Market, By Mounting
Europe Market, By Application
The above information has been provided for the following countries:
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