Europe Oil Filled Distribution Transformer Market Size - By Core (Closed, Shell, Berry), By Winding (Two Winding, Auto Transformer), Mounting (Pad, Pole), Application (Residential, Commercial & Industrial, Utility), Rating & Forecast, 2023 – 2032

Europe Oil Filled Distribution Transformer Market Size

Europe Oil Filled Distribution Transformer Market size was valued at USD 2.9 billion in 2022 and is predicted to expand at over 9% CAGR from2023 to 2032. The ongoing investments in utility-based enterprises aimed at meeting the growing electricity demand are slated to drive the adoption of these products.
 

The electrical industry in the region offers a range of opportunities, given its diversity in network characteristics, client demographics, operational scale, and ownership models. The industry's scenario is influenced by the increasing demand for the integration of distributed and renewable energy technologies. In addition, the adoption of advanced electrical equipment and the expanding deployment of low, medium, and high voltage cables will positively affect the business landscape. These developments are expected to reduce energy losses and facilitate the transfer of power across state lines, contributing to a favourable business environment.
 

COVID- 19 Impact

The COVID-19 pandemic had a notable impact on the Europe oil filled distribution transformer market. Initially, disruptions in supply chains and manufacturing operations were witnessed as lockdowns and restrictions were imposed in various countries including Germany, France, UK, among others. These disruptions led to delays in production, affecting the availability of transformers and components. Furthermore, reduced construction activities and deferred infrastructure projects during the pandemic caused a temporary decline in demand for distribution transformers. As the pandemic progressed, certain trends emerged. The demand for electricity remained essential, propelled by remote work, healthcare facilities, and increased residential power consumption.
 

Europe Oil Filled Distribution Transformer Market Analysis

Growing significant emphasis on energy efficiency and reduced environmental impact along with region's evolving energy landscape and sustainability goals will complement the industry landscape. European countries are increasingly replacing older transformers with more energy-efficient models that meet stringent eco-friendly standards. This drive towards eco-friendly transformers not only lowers energy losses but also aligns with the continent's commitment to reducing greenhouse gas emissions.
 

Shell core transformers market have witnessed a significant surge in market adoption due to their enhanced efficiency and cost-effectiveness when compared to conventional closed-core transformers. These transformers stand out for their superior kVA-to-weight ratios, improved short-circuit strength attributes, and heightened resistance to damage during transportation. Moreover, the flexibility offered by advanced shell core transformer products, coupled with the integration of smart monitoring units, has further accelerated Europe oil filled distribution transformer market.
 

Two-winding transformer units have historically held a substantial presence within traditional electrical networks, the introduction of advanced transformer technologies has posed challenges to their continued adoption. In addition, the increasing technological maturity and swift functional advancements in the industry may potentially limit future adoption rates. Nevertheless, these transformers continue to maintain a notable share in the market due to their widespread usability, especially for high-power applications.
 

Transformers rated between > 250 kVA to ≤ 1 MVA is projected to grow at a 5% growth through 2032, owing to the expansion of the commercial and industrial sectors. The increasing demand for manufactured goods, coupled with the adaptability of secondary and primary distribution networks, is estimated to fuel industry growth. Furthermore, the imperative focus on operational safety and compliance with energy efficiency standards is poised to significantly enhance the business landscape. Ongoing research endeavours aimed at creating sustainable transformer units, combined with stringent manufacturing regulations in the region, are anticipated to further boost the Europe oil filled distribution transformer market development.
 

Pole-mounted transformers are defined as units that are mounted on an electrical service pole made of concrete or wood and are generally at the level of the overhead cables. Ease of installation on single pole structures & compact size will strengthen the product adoption, thereby minimizing vandalism and reducing the risk of injury to animals. These transformers have gained considerable market penetration owing to their ability to service rural and urban residential & commercial loads.
 

The Germany oil filled distribution transformer market is likely to observe gains at nearly 9% up to 2032. The growth of the Germany market is expected to be boosted by a surge in electricity demand and increased efforts to expand grid networks. Countries including China and India are This country is seen as a promising market as it continues to modernize and expand its current power capacities and infrastructure. Increasing concerns about grid safety and reliability, coupled with government support for the development of sustainable networks, will further enhance the industry's prospects.
 

Europe Oil Filled Distribution Transformer Market Share

Some of the key participants operating across the oil filled distribution transformer market are

• Hitachi ABB Power Grids
• Siemens
• General Electric
• Toshiba Corporation
• Hyosung Heavy Industries
• ERMCO
• Schneider Electric
• Eaton

 Prominent industry players are prioritizing collaboration, forging new agreements, and entering into joint ventures. However, the swift modernization of the power grid, encompassing the development of smart grids, advanced technologies, and grid energy storage, is set to propel business growth.
 

Europe Oil Filled Distribution Transformer Market News 

• In March 2023, GE Renewable Energy's Grid Solutions business has secured three High-Voltage Direct Current (HVDC) contracts, totaling over USD 6 billion. These contracts were awarded as part of a consortium in partnership with Sembcorp Marine for TenneT's groundbreaking 2GW Program in the Netherlands. Additionally, the program will have a pivotal role in enhancing Europe's energy security and accelerating Europe's progress towards becoming the first climate-neutral continent by 2050.
   
• In February 2023, Schneider Electric decided to broaden its Grids of the Future portfolio by introducing gradual transformation pathways for digitalization. In addition, the company the decided to provide a comprehensive range of solutions for managing the entire grid lifecycle.
   

This Europe Oil filled distribution transformer market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & ‘000 Units from 2019 to 2032, for the following segments:

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By Core

• Closed
• Shell
• Berry

By Winding

• Two Winding
• Auto Transformer

By Rating

• ≤ 250 kVA
• > 250 kVA to ≤ 1 MVA
• > 1 MVA

By Mounting

• Pad
• Pole
• Others

By Application

• Residential
• Commercial & Industrial
• Utility

The above information has been provided for the following countries:

• Europe
  • Germany
  • France
  • Russia
  • UK
  • Italy