European Power Transformer Market size is projected to rise exponentially between 2021 and 2027, according to a latest forecast report by Graphical Research.
The European industry growth is on account of ongoing digital transformation of utilities and increasing proportion of renewable power across primary energy consumption. Government norms for minimizing energy theft coupled with rising electricity demand will positively influence the business landscape. Integration of sustainable & reliable energy infrastructure along with expansion of transmission lines will boost the industry potential.
Increasing infrastructural investments coupled with flourishing real estate sector will complement the shell core power transformer industry. Ongoing commissioning of high voltage power cable lines followed by the development of Tier II & III cities will facilitate the technological demand. The products offers key benefits including high dielectric current capability, easy transportation and compact design, facilitating the business growth.
Browse detailed statistical insights from the report, “Europe Power Transformer Market Forecast 2027 by Installation (Outdoor, Indoor), Winding (Two Winding, Auto-Transformer), Core (Closed, Shell, Berry), Cooling (Dry Type, Oil Immersed), Insulation (Gas, Oil, Solid, Air), Phase (Three Phase, Single Phase), By Rating (< 100 MVA, 101 MVA to 500 MVA, 501 MVA to 800 MVA, > 800 MVA), Mounting (Pad, Pole, PC/PCB), Application (Residential & Commercial, Utility, Industrial), Research Report, Country Outlook (Germany, France, Russia, UK, Italy, Spain), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The France power transformer industry will gain appreciable momentum on account of booming tourism sector coupled with rapid development of high-rise buildings and hotels. Introduction of smart grids in line with growing concern toward adoption of environment friendly & zero emission electrical equipment will stimulate the product deployment. Regulatory focus grid modernization along with enhancement of exiting power infrastructure to meet growing electricity demand will energy the business scenario.
Wide scale utilization across healthcare, power and oil & gas industries will complement the 101 MVA – 500 MVA rated power transformer industry. Paradigm shift toward the incorporation of wide-ranging power distribution equipment coupled with integration of renewable sources will positively sway the industry potential. Increasing urbanization rate and ongoing industrialization in line with growing demand for sustainable energy have initiated a favorable business scenario.
Ongoing development of smart cities along with introduction of digital substations will positively influence the pad mounted power transformer industry. Appropriate cooling capability with low maintenance and reducing concerns including fire hazards, fluctuations and short circuits will fuel the industry outlook. In addition, wide scale utilization across roads, railways, steel factories and chemical plants will propel the business landscape.
The Europe power 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 Winding
- Two Winding
- Auto-Transformer Roll-in
Europe Market, By Core
Europe Market, By Installation
Europe Market, By Cooling
Europe Market, By Insulation
Europe Market, By Phase
Europe Market, By Rating
- < 100 MVA
- 101 MVA to 500 MVA
- 501 MVA to 800 MVA
- > 800 MVA
Europe Market, By Mounting
Europe Market, By Application
- Residential & Commercial
The above information has been provided for the following countries: