The Europe Power Transformer Market would witness market growth of 6.5% CAGR during the forecast period (2022-2028).
A power transformer operates on the basis of Faraday’s law of induction. This describes the power network in the places where every gear linked to the system is created as per the rates prescribed by the power transformer. The two main categorizes of power transformers are electronic power transformers (1 to 3 phase) and electric utility power transformers. Utility transformers are completely AC sine wave transformers.
In contrast, electronic power transformers provide power to the electronic circuit. The weight and size of the power transformers depend on various factors. These factors comprise maximum ambient temperature, desired power rating, cooling method (air or liquid-cooled, natural convection or forced), allowable temperature rise, transformer size, operating frequency, required voltage regulation, primary ingredients, and operating frequency.
The Climate Change Act of 2008, which mandates that Government reduce greenhouse gas emissions by at least 34% by 2020 and 80% by 2050 - below the 1990 baseline, set and meet five-yearly carbon neutrality for the UK during that period and requires that those carbon budgets be set three budget periods ahead of time - so that it is always clear whatever the UK's emissions will be, is the cornerstone of Government's strategy to avoid the risk of dangerous climate change. Such plans by the Government to reduce carbon emissions would support the adoption of technologies that produce less carbon. Thus, the power transformer market would witness growth in Europe region during the projection period.
The Germany market dominated the Europe Power Transformer Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,008.1 Million by 2028. The UK market is anticipated to grow at a CAGR of 5.6% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 7.3% during (2022 - 2028).
Based on Insulation, the market is segmented into Oil, Gas, Air, Solid and Others. Based on Application, the market is segmented into Industrial, Residential & Commercial and Utilities. Based on Rating, the market is segmented into 100 MVA to 500 MVA, 501 MVA to 800 MVA and 801 MVA to 1,200 MVA. Based on Phase, the market is segmented into Three and Single. Based on Core, the market is segmented into Shell, Closed and Berry. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Power Transformer Market will Hit $33.7 Billion by 2028, at a CAGR of 6.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Toshiba Corporation, ABB Group, General Electric Company, Siemens Energy AG, Alstom SA, Mitsubishi Electric Corporation, Hyosung Heavy Industries Corporation, CG Power & Industrial Solutions Ltd. (Murugappa Group), Hyundai Construction Equipment Co., Ltd. (Hyundai Heavy Industries Co., Ltd.), and Bharat Heavy Electricals Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Insulation
By Application
- Industrial
- Residential & Commercial
- Utilities
By Rating
- 100 MVA to 500 MVA
- 501 MVA to 800 MVA
- 801 MVA to 1,200 MVA
By Phase
By Core
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Toshiba Corporation
- ABB Group
- General Electric Company
- Siemens Energy AG
- Alstom SA
- Mitsubishi Electric Corporation
- Hyosung Heavy Industries Corporation
- CG Power & Industrial Solutions Ltd. (Murugappa Group)
- Hyundai Construction Equipment Co., Ltd. (Hyundai Heavy Industries Co., Ltd.)
- Bharat Heavy Electricals Ltd.
TABLE 1 Europe Power Transformer Market, 2018 - 2021, USD Million
TABLE 2 Europe Power Transformer Market, 2022 - 2028, USD Million
TABLE 3 Europe Power Transformer Market by Insulation, 2018 - 2021, USD Million
TABLE 4 Europe Power Transformer Market by Insulation, 2022 - 2028, USD Million
TABLE 5 Europe Oil Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Oil Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Gas Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Gas Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Air Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Air Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Solid Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Solid Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Power Transformer Market by Application, 2018 - 2021, USD Million
TABLE 16 Europe Power Transformer Market by Application, 2022 - 2028, USD Million
TABLE 17 Europe Industrial Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Industrial Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Residential & Commercial Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Residential & Commercial Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Utilities Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Utilities Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Power Transformer Market by Rating, 2018 - 2021, USD Million
TABLE 24 Europe Power Transformer Market by Rating, 2022 - 2028, USD Million
TABLE 25 Europe 100 MVA to 500 MVA Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe 100 MVA to 500 MVA Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe 501 MVA to 800 MVA Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe 501 MVA to 800 MVA Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe 801 MVA to 1,200 MVA Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe 801 MVA to 1,200 MVA Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Power Transformer Market by Phase, 2018 - 2021, USD Million
TABLE 32 Europe Power Transformer Market by Phase, 2022 - 2028, USD Million
TABLE 33 Europe Three Market by Country, 2018 - 2021, USD Million
TABLE 34 Europe Three Market by Country, 2022 - 2028, USD Million
TABLE 35 Europe Single Market by Country, 2018 - 2021, USD Million
TABLE 36 Europe Single Market by Country, 2022 - 2028, USD Million
TABLE 37 Europe Power Transformer Market by Core, 2018 - 2021, USD Million
TABLE 38 Europe Power Transformer Market by Core, 2022 - 2028, USD Million
TABLE 39 Europe Shell Market by Country, 2018 - 2021, USD Million
TABLE 40 Europe Shell Market by Country, 2022 - 2028, USD Million
TABLE 41 Europe Closed Market by Country, 2018 - 2021, USD Million
TABLE 42 Europe Closed Market by Country, 2022 - 2028, USD Million
TABLE 43 Europe Berry Market by Country, 2018 - 2021, USD Million
TABLE 44 Europe Berry Market by Country, 2022 - 2028, USD Million
TABLE 45 Europe Power Transformer Market by Country, 2018 - 2021, USD Million
TABLE 46 Europe Power Transformer Market by Country, 2022 - 2028, USD Million
TABLE 47 Germany Power Transformer Market, 2018 - 2021, USD Million
TABLE 48 Germany Power Transformer Market, 2022 - 2028, USD Million
TABLE 49 Germany Power Transformer Market by Insulation, 2018 - 2021, USD Million
TABLE 50 Germany Power Transformer Market by Insulation, 2022 - 2028, USD Million
TABLE 51 Germany Power Transformer Market by Application, 2018 - 2021, USD Million
TABLE 52 Germany Power Transformer Market by Application, 2022 - 2028, USD Million
TABLE 53 Germany Power Transformer Market by Rating, 2018 - 2021, USD Million
TABLE 54 Germany Power Transformer Market by Rating, 2022 - 2028, USD Million
TABLE 55 Germany Power Transformer Market by Phase, 2018 - 2021, USD Million
TABLE 56 Germany Power Transformer Market by Phase, 2022 - 2028, USD Million
TABLE 57 Germany Power Transformer Market by Core, 2018 - 2021, USD Million
TABLE 58 Germany Power Transformer Market by Core, 2022 - 2028, USD Million
TABLE 59 UK Power Transformer Market, 2018 - 2021, USD Million
TABLE 60 UK Power Transformer Market, 2022 - 2028, USD Million
TABLE 61 UK Power Transformer Market by Insulation, 2018 - 2021, USD Million
TABLE 62 UK Power Transformer Market by Insulation, 2022 - 2028, USD Million
TABLE 63 UK Power Transformer Market by Application, 2018 - 2021, USD Million
TABLE 64 UK Power Transformer Market by Application, 2022 - 2028, USD Million
TABLE 65 UK Power Transformer Market by Rating, 2018 - 2021, USD Million
TABLE 66 UK Power Transformer Market by Rating, 2022 - 2028, USD Million
TABLE 67 UK Power Transformer Market by Phase, 2018 - 2021, USD Million
TABLE 68 UK Power Transformer Market by Phase, 2022 - 2028, USD Million
TABLE 69 UK Power Transformer Market by Core, 2018 - 2021, USD Million
TABLE 70 UK Power Transformer Market by Core, 2022 - 2028, USD Million
TABLE 71 France Power Transformer Market, 2018 - 2021, USD Million
TABLE 72 France Power Transformer Market, 2022 - 2028, USD Million
TABLE 73 France Power Transformer Market by Insulation, 2018 - 2021, USD Million
TABLE 74 France Power Transformer Market by Insulation, 2022 - 2028, USD Million
TABLE 75 France Power Transformer Market by Application, 2018 - 2021, USD Million
TABLE 76 France Power Transformer Market by Application, 2022 - 2028, USD Million
TABLE 77 France Power Transformer Market by Rating, 2018 - 2021, USD Million
TABLE 78 France Power Transformer Market by Rating, 2022 - 2028, USD Million
TABLE 79 France Power Transformer Market by Phase, 2018 - 2021, USD Million
TABLE 80 France Power Transformer Market by Phase, 2022 - 2028, USD Million
TABLE 81 France Power Transformer Market by Core, 2018 - 2021, USD Million
TABLE 82 France Power Transformer Market by Core, 2022 - 2028, USD Million
TABLE 83 Russia Power Transformer Market, 2018 - 2021, USD Million
TABLE 84 Russia Power Transformer Market, 2022 - 2028, USD Million
TABLE 85 Russia Power Transformer Market by Insulation, 2018 - 2021, USD Million
TABLE 86 Russia Power Transformer Market by Insulation, 2022 - 2028, USD Million
TABLE 87 Russia Power Transformer Market by Application, 2018 - 2021, USD Million
TABLE 88 Russia Power Transformer Market by Application, 2022 - 2028, USD Million
TABLE 89 Russia Power Transformer Market by Rating, 2018 - 2021, USD Million
TABLE 90 Russia Power Transformer Market by Rating, 2022 - 2028, USD Million
TABLE 91 Russia Power Transformer Market by Phase, 2018 - 2021, USD Million
TABLE 92 Russia Power Transformer Market by Phase, 2022 - 2028, USD Million
TABLE 93 Russia Power Transformer Market by Core, 2018 - 2021, USD Million
TABLE 94 Russia Power Transformer Market by Core, 2022 - 2028, USD Million
TABLE 95 Spain Power Transformer Market, 2018 - 2021, USD Million
TABLE 96 Spain Power Transformer Market, 2022 - 2028, USD Million
TABLE 97 Spain Power Transformer Market by Insulation, 2018 - 2021, USD Million
TABLE 98 Spain Power Transformer Market by Insulation, 2022 - 2028, USD Million
TABLE 99 Spain Power Transformer Market by Application, 2018 - 2021, USD Million
TABLE 100 Spain Power Transformer Market by Application, 2022 - 2028, USD Million
TABLE 101 Spain Power Transformer Market by Rating, 2018 - 2021, USD Million
TABLE 102 Spain Power Transformer Market by Rating, 2022 - 2028, USD Million
TABLE 103 Spain Power Transformer Market by Phase, 2018 - 2021, USD Million
TABLE 104 Spain Power Transformer Market by Phase, 2022 - 2028, USD Million
TABLE 105 Spain Power Transformer Market by Core, 2018 - 2021, USD Million
TABLE 106 Spain Power Transformer Market by Core, 2022 - 2028, USD Million
TABLE 107 Italy Power Transformer Market, 2018 - 2021, USD Million
TABLE 108 Italy Power Transformer Market, 2022 - 2028, USD Million
TABLE 109 Italy Power Transformer Market by Insulation, 2018 - 2021, USD Million
TABLE 110 Italy Power Transformer Market by Insulation, 2022 - 2028, USD Million
TABLE 111 Italy Power Transformer Market by Application, 2018 - 2021, USD Million
TABLE 112 Italy Power Transformer Market by Application, 2022 - 2028, USD Million
TABLE 113 Italy Power Transformer Market by Rating, 2018 - 2021, USD Million
TABLE 114 Italy Power Transformer Market by Rating, 2022 - 2028, USD Million
TABLE 115 Italy Power Transformer Market by Phase, 2018 - 2021, USD Million
TABLE 116 Italy Power Transformer Market by Phase, 2022 - 2028, USD Million
TABLE 117 Italy Power Transformer Market by Core, 2018 - 2021, USD Million
TABLE 118 Italy Power Transformer Market by Core, 2022 - 2028, USD Million
TABLE 119 Rest of Europe Power Transformer Market, 2018 - 2021, USD Million
TABLE 120 Rest of Europe Power Transformer Market, 2022 - 2028, USD Million
TABLE 121 Rest of Europe Power Transformer Market by Insulation, 2018 - 2021, USD Million
TABLE 122 Rest of Europe Power Transformer Market by Insulation, 2022 - 2028, USD Million
TABLE 123 Rest of Europe Power Transformer Market by Application, 2018 - 2021, USD Million
TABLE 124 Rest of Europe Power Transformer Market by Application, 2022 - 2028, USD Million
TABLE 125 Rest of Europe Power Transformer Market by Rating, 2018 - 2021, USD Million
TABLE 126 Rest of Europe Power Transformer Market by Rating, 2022 - 2028, USD Million
TABLE 127 Rest of Europe Power Transformer Market by Phase, 2018 - 2021, USD Million
TABLE 128 Rest of Europe Power Transformer Market by Phase, 2022 - 2028, USD Million
TABLE 129 Rest of Europe Power Transformer Market by Core, 2018 - 2021, USD Million
TABLE 130 Rest of Europe Power Transformer Market by Core, 2022 - 2028, USD Million
TABLE 131 Key Information – Toshiba Corporation
TABLE 132 Key Information – ABB Group
TABLE 133 KEY INFORMATION – GENERAL ELECTRIC Company
TABLE 134 Key Information – Siemens Energy AG
TABLE 135 Key Information – aLSTOM SA
TABLE 136 key information – Mitsubishi Electric Corporation
TABLE 137 Key Information – Hyosung Heavy Industries Corporation
TABLE 138 Key Information – CG Power & Industrial Solutions Ltd.
TABLE 139 Key Information – Hyundai Construction Equipment Co., Ltd.
TABLE 140 Key information – Bharat Heavy Electricals Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Toshiba Corporation
FIG 3 SWOT Analysis: ABB Group
FIG 4 Swot analysis: General electric (GE) Co.
FIG 5 Recent strategies and developments: Siemens Energy AG