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Europe Oil Filled Transformer Market Size

  • Report ID: GMI5473
  • Published Date: Mar 2023
  • Report Format: PDF

Europe Oil Filled Transformer Market Size

Europe Oil Filled Transformer Market size recorded at USD 5 billion in 2022 and is projected to expand at more than 7.5% CAGR from 2023 to 2032 driven by the strong presence of key industry players in the region.


The demand for transformers in Europe is primarily fueled by the refurbishment of existing grid networks. Supportive regulatory frameworks and policies, along with an upsurge in spending on the modernization of standard technologies are expected to boost industry expansion. In December 2022, the European Commission disbursed more than USD 4 billion to support clean energy transition in 8 countries. The integration of innovative components, machinery, and control equipment in oil-filled transformers is set to make them more resilient, feasible, and suitable for existing grid networks.


Mounting adoption of alternate transformer technologies may restrain industry progression

Despite a positive outlook for product adoption, the oil filled transformer industry in Europe faces a major hurdle due to the availability of alternate transformer technologies comprising gas-filled and dry-type transformers that exhibit distinct properties. For instance, in April 2022, Siemens Energy, a German energy solutions manufacturer, launched CAREPOLE, its dry-type single-phase transformer a reliable alternative to oil-filled transformers for pole applications. Nonetheless, extensive investments to refurbish the existing grid networks are likely to provide opportunities for industry growth.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of Europe oil filled transformer crossed USD 5 billion in 2022 and is primed to progress at over 7.5% CAGR through 2032 propelled by the refurbishment of existing grid networks and government initiatives to expand energy availability in rural areas.

The distribution transformer segment is poised to grow at 9% CAGR from 2023 to 2032 as a result of growing investments in uplifting distribution networks to electrify remote areas.

The oil natural water forced (ONWF) segment is anticipated to reach a valuation of USD 740 million by 2032 owing to the availability of ONWF in compact and simple designs enabling easy installation and maintenance.

The France industry held over 16% of the revenue share in 2022 on account of notable funding and investment plans from foreign and private participants to increase the level of electrification in the country.

Europe Oil Filled Transformer Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 605
  • Countries covered: 7
  • Pages: 350
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