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Europe Oil Filled Transformer Market Analysis
- Report ID: GMI5473
- Published Date: Mar 2023
- Report Format: PDF
Europe Oil Filled Transformer Market Analysis
Europe oil filled transformer market from the distribution transformer segment is estimated to attain at 9% growth rate between 2023 and 2032. This growth is attributed to the rising investments in uplifting distribution networks to power remote areas. In September 2022, the EU proposed two new initiatives to build and install the necessary infrastructure for green energy in rural areas. Furthermore, continuous efforts to replace traditional electrical grids and the growing emphasis on the upgradation of modern networks in important geographic regions are promoting the use of distribution oil-filled transformers.
Oil filled transformer market size in Europe from the ≤ 5 MVA segment is slated to surpass USD 6 billion by 2032. With the prevalent usage in several infrastructural sectors and the rapid adoption of renewable energy sources in residential buildings, the 5 MVA rating transformers are set to have notable growth. Additionally, the recent expansion of micro-grid networks in the region are fueling the segment growth further. In a recent instance, EU funded SDN for microSENSE project to offer privacy-enabled, secure, cyber-attack-resistant tools to ensure electrical power and energy system (EPES) operations.
The shell core segment held over 40% share in the Europe oil filled transformer market in 2022. High-end product adaptability across high-voltage applications and greater power ratings is encouraging transformer penetration across the region. Moreover, these transformers have a compact design, which is ideal for limited spaces, offer better durability as they are less prone to damage from short circuits & overloading, and produce less noise compared to other forms of transformers, and are thus considered appropriate for residential use.
Based on modes of cooling, the Europe oil filled transformer market from oil natural water forced (ONWF) segment is anticipated to reach approximately USD 740 million by 2032 propelled by its core and windings technique that does not require a continuous water supply, making it a reliable and sustainable solution for cooling transformers. In addition, the availability of ONWF in compact and simple designs enables easy installation and maintenance is bolstering product uptake. Lastly, its environment friendliness allows precise temperature control while catering to limited energy consumption.
France oil filled transformer market accounted for 16% of the revenue share in 2022, credited to profitable funding and investment plans from both foreign and private participants to improve regional electrification. In September 2022, Schneider Electric, a French multinational firm, collaborated with Hitachi Energy, a provider of transmission, distribution, and grid automation solutions, to facilitate the energy transition. These companies aim to providing global customers with an operational life cycle, holistic offering, and a better supply chain, which is foreseen to positively influence the industry landscape in the country.
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Europe Oil Filled Transformer Market Scope
