Europe Transformers Market Outlook, 2028

The European Union's power generation industry has developed gradually over the past few decades as a result of significant technological advancements and a rising focus on efficiency. In addition, growing environmental concerns about the effective use of different resources have forced the power and energy sectors to invest in R&D operations to find cutting-edge ideas and technology. Modern power electronics and information and communication technologies are expected to become more prevalent, and this will be crucial for the growth of the European transformer industry. Growing smart grid deployment and the advent of such ground-breaking ideas are likely to lay the stage for the expansion of the European transformer market in the years to come. Additionally, a number of variables, such as high energy and power consumption in the industrial and residential sectors and the rising need for energy-efficient transformers, can be primarily blamed for the market expansion. The introduction of environmentally friendly solutions, the beginning of many initiatives that support the construction of smart grid infrastructure, and ongoing financial investments in R&D operations. Opportunities are opening up for transformers in Europe as electricity generation from renewable sources increases. Transformers are necessary for the transmission and distribution of electricity in renewable energy projects because they are off the grid. In recent years, substation digitization has accelerated across Europe. This can be attributed to the region's power sector's adoption of artificial intelligence and Internet of Things-based systems. European nations intend to increase their spending by more than USD 20 billion on the digitization of substations in the upcoming years. The demand for distribution transformers in the EV charging industry is further increased by the integration of smart charging and load control systems. Smart charging enables load balance, demand response, and optimum charging schedules. Distribution transformers with cutting-edge communication and control capabilities allow for intelligent charging process management, reducing grid load, and maximizing the use of renewable energy sources.

According to the research report, “Europe Transformers Market Outlook, 2028” published by Bonafide Research, the market is expected to add more than USD 5 Billion from 2023 to 2028. Transformers are now recognized in Europe as a disruptive technology, transforming a variety of industries with their exceptional capabilities. Transformers' crucial contribution to the development of the infrastructure for renewable energy sources is one of their distinctive characteristics in the European region. Transformers are essential to this transformation, which has been led by Europe at the international level toward clean and sustainable energy sources. They make it possible for electricity produced by renewable energy sources, including wind, solar, and hydroelectric power, to be transmitted effectively. Electricity can be transmitted over great distances with little loss, thanks in part to high-voltage direct current (HVDC) transformers, which make it possible to integrate far-flung renewable energy sources into the grid. Additionally, transformers are developed and produced in Europe in accordance with strict environmental and energy efficiency regulations. The Eco-Design Directive, a rule put into place by the European Union, requires the creation of transformers with greater energy efficiency. In addition to lowering greenhouse gas emissions, this focus on environmentally friendly transformer technology also supports Europe's goal of battling climate change and achieving carbon neutrality. The use of transformers in Europe's huge and sophisticated rail networks is another noteworthy specialization of the continent's transformer industry. Transformers are essential parts of electrified rail networks because they provide effective power distribution and conversion for trains. Transformers' dependability and performance are essential to preserving the effectiveness and safety of Europe's enormous high-speed rail network. Transformers are at the core of these improvements, and Europe has a long history of invention in power electronics and smart grid technology. Throughout the region, smart transformers with cutting-edge monitoring and control capabilities are being used. These transformers can optimize power flow, improve grid stability, and react quickly to changes in the grid.

Based on report market is divided into six major countries, Germany, United Kingdom, France, Italy, Spain and Russia. Among them Russia is expected to lead the market of Europe during the forecast period.
Russia is the largest nation in Europe, spanning both Northern Asia and Eastern Europe. Due to the size of its territory, a thorough and large electrical grid infrastructure is required, with transformers serving as the primary means of electricity transmission and distribution. Energy demand in Russia has been gradually rising as a result of urbanization, industry, and rising domestic consumption. Transformer investments are needed to upgrade and expand the electrical grid infrastructure in order to meet this increased demand. Russia has been working to incorporate renewable energy sources, such as wind and solar power, into its energy mix. Transformers must be installed in order to effectively connect these sporadic energy sources to the grid as a result of the move toward renewable energy sources. The Russian government has been making significant efforts to modernize several industries, notably the energy industry. This entails modernizing obsolete infrastructure and implementing cutting-edge techniques for power transmission and distribution, which frequently entail the installation of new transformers. Because of its substantial presence on the global transformer market and its proximity to other European nations, Russia is able to sell transformers to its neighbours. Its superiority in the European market is a result of this exportability. Transformers are essential to the functioning of Russia's vast oil and gas sector's electrical infrastructure. The significant energy requirements of this industry increase the need for transformers.

Based on product type market is segmented into distribution transformer, power transformer, instrument transformer and others (isolation transformers, pulse transformers, traction transformer, etc.). Among them distribution transformers segment is expected to lead the market of Europe during the forecast period.

The distribution transformer is a critical component of the electrical distribution network because it is the final step in delivering electricity to end users. The demand for power at the distribution level is increasing as Europe continues to urbanize and grow. Population expansion, urbanization, and greater electrification of many sectors, including transportation and heating, are some of the causes that are driving this need. The grid in Europe has been actively incorporating renewable energy sources, including wind and solar electricity. To ensure that the electricity generated is supplied to users in an effective manner, distribution transformers are crucial for coupling these distributed energy sources to the grid. In order to increase the dependability, effectiveness, and resilience of their electrical grids, numerous European nations are investing in grid modernization initiatives. As they allow for the optimization of power flows and the incorporation of smart grid technologies, distribution transformers are a crucial component of these modernization programs. Decentralized energy production is becoming more popular in Europe as smaller power generation facilities are dispersed across the grid. To enable local energy production and consumption, distribution transformers are crucial for tying these decentralized sources to the distribution network.



Based on core market includes closed, shell and berry. Furthermore, based on winding market is segment into two winding and auto transformer.

Transformers with a shell core are renowned for their excellent efficiency and minimal core losses. These transformers may be preferred in Europe because of their capacity to conserve energy and lower greenhouse gas emissions, where regulations frequently call for transformers to adhere to strict energy performance standards. Compared to analogous wound core-type transformers, shell core-type transformers are frequently more compact. Compact transformers are helpful in Europe's congested urban regions because they can be installed in more compact substations or transformer vaults. Due to the need for long-distance transmission between nations and the incorporation of renewable energy sources, shell-core-type transformers are frequently used for high-voltage applications, which are prevalent in Europe. Two-winding transformers are frequently employed in electrical distribution and transmission systems at various voltage levels. They are adaptable for a variety of power grid applications since they can step up or step down voltage levels. In order to meet the rising demand for electricity and include renewable energy sources, Europe has been actively updating and enlarging its electrical grid infrastructure. Two-winding transformers are frequently utilized in these grid upgrade and expansion projects to guarantee effective power transmission and distribution. High-voltage transmission lines are required in Europe to move power over great distances and link various nations or regions. Substations frequently use two-winding transformers to convert voltages for effective long-distance power transmission.

In terms of cooling type market include, air cooled and oil cooled. Based on phase market is bifurcated into three phase and single phase.

Air-cooled transformers do not use oil for cooling, making them more ecologically friendly and decreasing the chance of oil leaks or spills, which can have a substantial impact on the environment. In regions with stringent environmental rules, such as Europe, a demand for eco-friendly solutions may fuel the expansion of air-cooled transformers. Air-cooled transformers often have lower maintenance requirements than oil-cooled transformers, which may require periodic oil testing, filtration, and maintenance. Lower maintenance expenses can make air-cooled transformers a more cost-effective solution in the long run. Air-cooled transformers can be deployed quickly, making them ideal for meeting immediate capacity requirements or replacing aged transformers. Three-phase transformers are widely utilized in industrial and commercial applications throughout Europe. These transformers are ideal for powering machinery, manufacturing processes, and commercial buildings that demand a consistent and efficient three-phase power source. Europe has an advanced electrical grid that runs on a three-phase system. Three-phase transformers are critical in the transmission and distribution of power throughout the continent for scaling up or down voltages. They are utilized to ensure effective power transfer in substations and distribution networks. Because of the necessity for long-distance power transmission and interconnection across countries and regions, three-phase transformers are frequently used for high-voltage applications, which are popular in Europe.

Based on insulation market is divided into liquid immersed, dry, gas, and solid. Furthermore in terms of mounting market include, pad and pole.

Liquid-immersed transformers are noted for their high efficiency and low energy losses during power transmission and distribution, especially when utilizing high-performance insulating fluids like mineral oil or less flammable fluids like synthetic esters. Europe has strict energy efficiency laws, and utilities and industry and prefers liquid-immersed transformers to meet these requirements and reduce energy use. Liquid-immersed transformers are built to be strong and resilient, making them suited for use in severe environments. Europe is subject to a wide range of weather conditions, and transformers must work reliably in these settings. As the energy landscape advances, there is a shift toward decentralized energy distribution, which occurs closer to the point of consumption. Pole-mounted transformers are critical components of this distributed energy architecture, allowing for effective voltage conversion and distribution in both urban and rural settings. Electric cars (EVs) are becoming more popular in Europe. Pole-mounted transformers can be used to power EV charging stations positioned along streets and in parking lots, helping to expand EV infrastructure.

Based on voltage range market is divided into up to 500 VA, 501 VA to 1 kVA, 2 kVA to 5000 kVA, 5001 kVA to 1000 MVA, and above 1000 MVA. Based on application market include, utility, industrial and residential and commercial.

The voltage range of 2 kVA to 5000 kVA covers a wide range of electrical power requirements, making these transformers appropriate for a wide range of applications across industries. Europe's industrial environment is diverse, with industries such as manufacturing, mining, construction, and technology each having specific power requirements within this spectrum. Transformers can be customized by manufacturers to meet specific voltage and load requirements ranging from 2 kVA to 5000 kVA. This adaptability enables transformers to be tailored to the requirements of varied applications. The increasing popularity of electric vehicles (EVs) in Europe has resulted in the expansion of EV charging infrastructure. Transformers in this price range can power EV charging stations, assisting in the growth of the EV sector. Europe has been working hard to modernize and extend its electrical grid infrastructure. Utilities are at the vanguard of these initiatives, investing in transmission and distribution network upgrades and maintenance. This entails installing new transformers as well as replacing aging ones. Utilities are driving smart grid technology deployment across Europe. Smart transformers with advanced monitoring and control capabilities are critical to improving grid automation, reliability, and efficiency. Several cross-border interconnection projects are underway in Europe in order to create a more connected and dependable energy market. These projects frequently require the construction of new substations and the installation of transformers to connect various grids and enable electricity exchange.

Companies Covered in this report:

Siemens AG, ABB Ltd., General Electric Company, Schneider Electric SE, Eaton Corporation plc, Mitsubishi Electric Corporation, Toshiba Corporation, CG Power and Industrial Solutions Limited, Hyosung Corporation, Hitachi, Ltd., DAIHEN Corporation, The SGB-SMIT Group, Arteche Group, Fuji Electric Co., Ltd., The PFIFFNER Group, Elsewedy Electric Co S.A.E.

Considered in this report:

• Geography: Europe
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:

• Europe Transformers market Outlook with its value and forecast along with its segments
• Country-wise Transformers market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Country covered in the report:

• Germany
• United Kingdom
• France
• Italy
• Spain
• Russia

By Product Type:

• Distribution Transformer
• Power Transformer
• Instrument Transformer
• Others (Isolation Transformers, Pulse Transformers, Traction Transformer, etc.)

By Core:

• Closed
• Shell
• Berry
By Winding:

• Two Winding
• Auto Transformer

By Cooling Type:

• Air Cooled
• Oil Cooled

By Phase:

• Three Phase
• Single Phase

By Insulation:

• Liquid Immersed
• Dry
• Gas
• Solid

By Mounting:

• Pad
• Pole

By Voltage Range:

• Up to 500 VA
• 501 VA to 1 kVA
• 2 kVA to 5000 kVA
• 5001 kVA to 1000 MVA
• Above 1000 MVA

By Application:

• Utility
• Industrial

• Residential and Commercial
The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience:

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organisations related to the Transformers industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.