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Europe Transformer Market Size, Incredible Possibilities and Growth Analysis by 2027

Author : Ronak Bora | Published Date : 2021-08-31 

Europe transformer market has advanced steadily over the last few years. With the share of renewable energy expanding in the total electricity supply across the region. Despite the decline in electricity consumption during the COVID-19 pandemic throughout European industries, the tranformer demand is expected to see an uptick through 2027, accelerated by the growing emphasis toward smart grid technology integration.

In 2019, the European Commission announced a raise in its climate ambitions, planning to achieve over 55% lesser emissions by 2030, when compared with 1990 records. To this end, the integration of energy efficient electric solutions is gaining traction across the region.

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PFIFFNER Group, Arteche, Eaton, Schneider Electric, General Electric, IMEFY Group, Celme, Siemens AG, ABB, and Toshiba Corporation are some leading electric transformer manufacturers & distributors in Europe. Between 2021 and 2027, Europe transformer market size is projected to augment considerably, pushed by the following four trends:

Multiple advantages of shell core transformers

Shell type transformers exhibit high short circuit strength and are compact in size. They can prevent magnetic flux leakage and are therefore deemed highly reliable. Promoted by the growing use of these transformers across the low voltage equipment, Europe transformer market share from shell core transformers is projected to register a rising curve through the forecast timeline. The trend can be attributed to the growing product installation across commercial establishments and residential areas alike.

Augmented deployment of power transformers

Supported by the expanding infrastructural expenditures of regional governments, the power transformer industry share in Europe is slated to grow through 2027. The deployment rate of high voltage power transformers is pushing the demand for this equipment. With favorable policies facilitating extension and restoration of long route distribution & transmission networks, Europe transformer market share is certain to increase. The inclination toward smart grids is paving the way for renovation of aged grid infrastructure across the European region.

Emergence of gas-insulated transmission cables

The gas-insulated transformer market share is augmenting considerably since the past few years, thanks to the growing public and private investments aimed at upgradation of grid infrastructure. With the emergence of gas-insulated transmission cables, the need for physical insulation layers is eliminated, at the same time reducing overall maintenance costs as well as the risk of failure.

Europe transformer market in is set to progress substantially through 2027, on account of the ongoing focus toward incorporating wide range frequency distribution networks across the region. The regulatory frameworks are encouraging the adoption of high voltage power transformers using gas-insulated cables.

Rising adoption of smart control systems across the U.K.

Although Germany is also demonstrating a steady growth, the U.K. transformer market outlook is an arena with considerable opportunities. Due to the increasing government concerns regarding the reliability and productivity of traditional grid infrastructure, the focus toward renovation is growing.

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Several entities are actively encouraging the adoption of renewable energy to meet the expanding electricity demands. The integration of smart control and monitoring systems is likely to accelerate the demand for medium voltage transformers, among other types, powering the Europe transformer market.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Research methodology

1.2    List of data sources

1.2.1    Primary

1.2.2    Secondary

Chapter 2   Market Snapshot

2.1    Europe transformer market snapshot

Chapter 3   Europe Transformer Market Trends

3.1    Industry coverage

3.2    Industry size & forecast, 2017 – 2027

3.3    Value chain analysis

3.3.1    Company product snapshot

3.4    Innovation landscape

3.5    COVID-19 impact on the industry outlook

3.6    Regulatory norms & directives

3.7    Drivers & restraints

3.7.1    Market drivers

3.7.2    Market restraints

3.8    Industry analysis - Porter's

3.9    Product growth mapping

3.10    Competitive benchmarking, 2020

3.11    PEST Analysis

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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