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Europe Transformer Market Share

Report ID: GMI6687
Published Date: Sep 2023
Report Format: PDF

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Europe Transformer Market Share

Some of the major key players operating across the Europe transformer market are:

General Electric
Siemens Energy
Mitsubishi Electric Corporation
ABB
Schneider Electric
Trench Group
Toshiba International Corporation
Elsewedy Electric
Eaton
CG Power & Industrial Solutions Ltd.
MEFY GROUP
Ormazabal
ARTECHE
Pfiffner Group
Kirloskar Electric Company
DAIHEN Corporation
Celme S.r.l.
Hyosung Heavy Industries

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market valuation of transformer in Europe was reached USD 10.3 billion in 2023 and is projected to grow at a CAGR of 8.7% through 2032, favored by the growing deployment of renewable energy.

The closed core segment was valued at USD 2.9 billion in 2022 and will continue to grow owing to their ability to facilitate the integration of renewable energy sources while maintaining long-lasting and efficient operational lifespans.

The residential application is set to register at a 9.7% CAGR between 2023 and 2032, influenced by rapid urbanization and supportive government initiatives that encourage the integration of renewable energy into residential areas.

Elsewedy Electric, Eaton, CG Power & Industrial Solutions Ltd., IMEFY GROUP, Ormazabal, ARTECHE, Pfiffner Group, Kirloskar Electric Company, DAIHEN Corporation, Hyosung Heavy Industries, and Celme S.r.l. among others.