Report Description

Europe Power & Distribution Transformer Market is anticipated to grow robustly in the forecast period 2024-2028. The European transformer market is projected to be driven by factors such rising energy demands from industry and modernizing outdated transmission and distribution systems.

Distribution transformer is also known as a service transformer, which reduces the voltage used in distribution lines to the level required by the customer. Distribution transformers are frequently located at service drops, which are the points where cables leave an underground power line or utility pole and enter a consumer's property. They are frequently employed to provide power to facilities outside of settlements that require voltages lower than 30 kV, such as remote homes, barnyards, or pumping stations.

Government Regulations Towards Renewable Energy and Increasing Demand of Electricity Is Propelling The Market

The demand for wet insulated power transformers is rising because of both their low cost and the expanding number of residential and commercial uses for transformers. Wet insulating power transformer integration with smart grids and the installation of renewable energy grids with eco-friendly coolants are two research and development projects that could provide appealing market expansion possibilities.

These transformers are employed in circumstances where high voltage and minimal losses are crucial due to their exceptional efficiency. In comparison to dry power transformers, they provide better insulating and cooling capabilities, which advances the industry.

Smart grids can be accessed and monitored remotely, and they can swiftly adjust to changes in electricity usage. Additionally, they efficiently distribute cooling and power, which lowers carbon emissions. Throughout the anticipated period, the development of green transformers, high voltage transmission technologies, and strong governmental regulations aimed at lowering greenhouse gas emissions would all contribute to the expansion of the Europe Power and Distribution Transformer Market.

Distribution Transformer Expected to Dominate the Market

The ultimate voltage transformation in the electric power distribution system is provided by a distribution transformer, also known as a service transformer. The voltage applied in the distribution lines will then be stepped down to the level used by different clients in the residential, commercial, and industrial sectors. European nations including the United Kingdom, Germany, and France already have complete energy access. Currently, they are upgrading and expanding the current transmission and distribution system.

The amount of electricity produced in Europe in 2018 was around 5494.7 Terawatt-Hours (TWh), which was more than the total amount produced worldwide in 2017, which was 5443.5 TWh. The increase in energy production indicates a rise in the number of power plants, and these new distribution transformers are most likely being used to transmit electricity to consumers.

High Maintenance and Fluctuating Raw Material Cost

Power transformers are mostly made of steel, aluminum, and copper. Power transformer sales in low and middle-income nations will be capped due to an increase in the overall cost of these raw materials. Power transformers are more expensive than traditional power distribution systems because of fluctuations in the raw material supply and pandemic-related disruptions in the distribution and supply networks. Another factor that is expected to restrain market expansion is the high cost of high-power transformer installation and maintenance compared to current power distribution systems. Prices for raw materials are expected to change.


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Market Segmentation

The Europe Power & Distribution Transformer Market is segmented based on type, rating, end user, phase, Insulation, and country.  Based on type, the market is segmented into power transformer and distribution transformer.  Based on Rating, the market is segmented into upto 100 kVA, 100.1-500kVA, 500.1-1000kVA, 1000.1-5000kVA, 5.1-100MVA, 100.1-500MVA, Above 500MVA. Based on End User, the market is segmented into residential, commercial, industrial, and utility. Based on phase, the market is divided into single phase and three phase. Based on insulation, the market is divided into oil immersed & dry. Based on country, the market is divided into Germany, France, United Kingdom, Italy, and Spain.

Market player

Major players operating in the Europe Power & Distribution Transformer Market are ABB Ltd, Crompton Greaves Ltd, Hitachi Ltd, Mitsubishi Electric Corporation, General Electric Corporation, Siemens AG, Schneider Electric SE, TBEA Co., Ltd, Toshiba Corporation, Emerson Electric Co.

Recent Developments

  • General Electric Company won a multimillion-dollar contract in January 2020 to design, provide, build, and commission onshore and offshore wind substations for the Neart na Gaoithe (NnG) offshore wind farm in Scotland. EDF Renewables and ESB share ownership of the project. Groundwork and civil construction are included in the delivery of all infrastructures inside the perimeter, which is the responsibility of GE. The project's substations will probably use several distribution transformers to step down the electric voltage. By the end of 2023, NnG is expected start functioning completely.
  • The EuroAfrica Interconnector consists of a subsea direct current cable that connects the power grids of Egypt, Cyprus, and Greece, as well as high voltage direct current (HVDC) onshore converter stations at each connection site, with a combined capacity of 2000 megawatts. With a total length of 1396 kilometers, the project serves as a conduit for electricity between Africa and Europe. Electric energy can now be transported to and from Europe via a different path. By 2023, the project should be finished, and it will use many transformers to transport electricity into the national grids.

Attribute

Details

Base Year

2022

Historic Data

2018– 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, value, and CAGR for 2018 -2022 and 2023 – 2028

Report coverage

Revenue forecast, Company Share, growth factors, and trends

Segments covered

By Type

By Rating

By End User

By Phase

By Insulation

By Country

Regional scope

Europe

Country scope

Germany, France, United Kingdom, Italy, Spain, Rest of Europe

Key companies profiled

ABB Ltd, Crompton Greaves Ltd, Hitachi Ltd, Mitsubishi Electric Corporation, General Electric Corporation, Siemens AG, Schneider Electric SE, TBEA Co., Ltd, Toshiba Corporation, Emerson Electric Co.

Customisation scope

10% free report customisation with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customised purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Europe Power & Distribution Transformer Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

            o   Power & Distribution Transformer Market, By Type:

o   Power Transformer

o   Distribution Transformer

            o   Power & Distribution Transformer Market, By Rating:

o   upto 100 kVA

o   100.1-500kVA

o   500.1-1000kVA

o   1000.1-5000kVA

o   5.1-100MVA

o   100.1-500MVA

o   Above 500MVA

            o   Power & Distribution Transformer Market, By End User:

o   Residential

o   Commercial

o   Industrial

o   Utility

            o   Power & Distribution Transformer Market, By Phase:

o   Single Phase

o   Three Phase

            o   Power & Distribution Transformer Market, By Insulation

o   Oil Immersed

o   Dry

            o   Power & Distribution Transformer Market, By Country:

o   Germany

o   France

o   United Kingdom

o   Italy

o   Spain

o   Rest of Europe

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Europe Power & Distribution Transformer Market

Available Customizations:

Europe Power & Distribution Transformer Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

The Europe Power & Distribution Transformer Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.     Market Definition

1.2.     Scope of the Market

1.3.  Markets Covered

1.4.  Years Considered for Study

1.5.  Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Impact of COVID-19 on Europe Power & Distribution Transformer Market

4.    Executive Summary

5.    Voice of Customers

6.    Europe Power & Distribution Transformer Market Outlook

6.1.  Europe Primary Energy Consumption Outlook

6.1.1.    Europe Primary Energy Consumption (Exajoules)

6.1.2.    Europe Primary Energy Consumption Per Capita (Gigajoule per capita)

6.1.3.    Europe Primary Energy Consumption by Fuel (%)

6.2.  Market Size & Forecast

6.2.1.    By Value

6.3.  Market Share & Forecast

6.3.1.    By Type (Power Transformer & Distribution Transformer)

6.3.2.    By Rating (upto 100 kVA, 100.1-500kVA, 500.1-1000kVA, 1000.1-5000kVA, 5.1-100MVA, 100.1-500MVA, Above 500MVA)

6.3.3.    By End User (Residential, Commercial, Industrial and Utility)

6.3.4.    By Phase (Single Phase and Three Phase)

6.3.5.    By Insulation (Oil Immersed & Dry)

6.3.6.    By Country (Germany, France, United Kingdom, Italy, Spain)

6.3.7.    By Company 2022

6.4.  Market Map

7.    Germany Power & Distribution Transformer Market Outlook

7.1.  Germany Economic Profile

7.2.  Market Size & Forecast

7.2.1.                By Value

7.3.  Market Share & Forecast

7.3.1.                By Type

7.3.2.                By Rating

7.3.3.                By End User

7.3.4.                By Phase

7.3.5.                By Insulation

8.    France Power & Distribution Transformer Market Outlook

8.1.  France Economic Profile

8.2.  Market Size & Forecast

8.2.1.                By Value

8.3.  Market Share & Forecast

8.3.1.                By Type

8.3.2.                By Rating

8.3.3.                By End User

8.3.4.                By Phase

8.3.5.                By Insulation

9.    United Kingdom Power & Distribution Transformer Market Outlook

9.1.  United Kingdom Economic Profile

9.2.  Market Size & Forecast

9.2.1.                By Value

9.3.  Market Share & Forecast

9.3.1.                By Type

9.3.2.                By Rating

9.3.3.                By End User

9.3.4.                By Phase

9.3.5.                By Insulation

10. Italy Power & Distribution Transformer Market Outlook

10.1.             Italy Economic Profile

10.2.             Market Size & Forecast

10.2.1.             By Value

10.3.             Market Share & Forecast

10.3.1.             By Type

10.3.2.             By Rating

10.3.3.             By End User

10.3.4.             By Phase

10.3.5.             By Insulation

11. Spain Power & Distribution Transformer Market Outlook

11.1.             Spain Economic Profile

11.2.             Market Size & Forecast

11.2.1.             By Value

11.3.             Market Share & Forecast

11.3.1.             By Type

11.3.2.             By Rating

11.3.3.             By End User

11.3.4.             By Phase

11.3.5.             By Insulation

12. Market Dynamics

12.1. Drivers

12.1.1. Rising electricity demand

12.2. Challenges

12.2.1. Power Transformers Programs are expensive.

13. Market Trends & Developments

13.1. Growing adoption of three-phase power transformers

13.2. Rising construction of new projects in Europe

14. Policy & Regulatory Landscape

15. Company Profiles

15.1. ABB Ltd.

15.1.1.             Business Overview

15.1.2.             Key Revenue and Financials (If Available)

15.1.3.             Recent Developments

15.1.4.             Key Personnel

15.1.5.             Key Product/Services

15.2. Crompton Greaves Ltd.

15.2.1.             Business Overview

15.2.2.             Key Revenue and Financials (If Available)

15.2.3.             Recent Developments

15.2.4.             Key Personnel

15.2.5.             Key Product/Services

15.3. Hitachi Ltd.

15.3.1.             Business Overview

15.3.2.             Key Revenue and Financials (If Available)

15.3.3.             Recent Developments

15.3.4.             Key Personnel

15.3.5.             Key Product/Services

15.4. Mitsubishi Electric Corporation

15.4.1.             Business Overview

15.4.2.             Key Revenue and Financials (If Available)

15.4.3.             Recent Developments

15.4.4.             Key Personnel

15.4.5.             Key Product/Services

15.5. General Electric Corporation

15.5.1.             Business Overview

15.5.2.             Key Revenue and Financials (If Available)

15.5.3.             Recent Developments

15.5.4.             Key Personnel

15.5.5.             Key Product/Services

15.6. Siemens AG

15.6.1.             Business Overview

15.6.2.             Key Revenue and Financials (If Available)

15.6.3.             Recent Developments

15.6.4.             Key Personnel

15.6.5.             Key Product/Services

15.7. Schneider Electric SE

15.7.1.             Business Overview

15.7.2.             Key Revenue and Financials (If Available)

15.7.3.             Recent Developments

15.7.4.             Key Personnel

15.7.5.             Key Product/Services

15.8. TBEA Co., Ltd.

15.8.1.             Business Overview

15.8.2.             Key Revenue and Financials (If Available)

15.8.3.             Recent Developments

15.8.4.             Key Personnel

15.8.5.             Key Product/Services

15.9. Toshiba Corporation

15.9.1.             Business Overview

15.9.2.             Key Revenue and Financials (If Available)

15.9.3.             Recent Developments

15.9.4.             Key Personnel

15.9.5.             Key Product/Services

15.10.          Emerson Electric Co.

15.10.1.          Business Overview

15.10.2.          Key Revenue and Financials (If Available)

15.10.3.          Recent Developments

15.10.4.          Key Personnel

15.10.5.          Key Product/Services

16. Strategic Recommendations

16.1.    Fastest Growing Market by Type

16.2.    Dominating Market by End User

16.3.    Dominating Market by Country

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Both the current transformer (CT) and the potential transformer (PT), also known as the voltage transformer and current transformer, respectively, are measurement tools. In contrast to a PT, a CT transforms high voltage values into lower ones to measure something. To assess the accuracy and safety of electrical systems, one uses transformers.

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The transformer's voltage affects both the iron loss, also referred to as the core loss, and the copper loss, also known as the I2R loss. As a result, the total losses in a transformer are determined by volt-ampere (VA) alone rather than the load's power factor. The transformer rating is therefore given in kVA rather than kW.

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Power transformers can be divided into three categories based on their power rating and specification: small power transformers, medium power transformers, and large power transformers.

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Power transformers can tolerate short circuit currents up to a few hundred amperes and have a voltage rating of more than 1 kV. In contrast, distribution transformers may tolerate short circuit currents up to tens of amps and have a voltage rating of less than 1 kV.

profile

Parvati Sharma

Account Manager BD
Press Release

Europe Power & Distribution Transformer Market is gaining traction due to rapid industrialization & increased domestic power demand

May, 2023

Growing transmission network research and rising investments in renewable energy sources are the major factors propelling the market growth in the forecast period.