EUROPE DRY TYPE TRANSFORMER MARKET 2021-2028

Energy, Power & Utilities | Power

EUROPE DRY TYPE TRANSFORMER MARKET 2021-2028

Market by Type, Technology, Phase, Voltage, End-user, and Country | Forecast 2021-2028

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According to Triton’s research report, Europe’s dry type transformer market is estimated to gather a CAGR of 6.84% based on revenue during the evaluated phase of 2021-2028. 


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The countries researched in this market include:

•        The United Kingdom

•        Spain

•        Germany

•        Italy

•        France

•        Russia

•        Rest of Europe

Over the years, Germany witnessed a decline in the use of nuclear power for energy generation. Moreover, the country is anticipated to mitigate the use of fossil fuels and increase the adoption of renewable resources for power generation. Additionally, renewable energy sources have emerged as an essential source of electricity, owing to the introduction of the Renewable Energy Sources Act. Furthermore, the country plans to generate most of its electricity from renewable sources by 2050, decreasing the carbon footprints. This growth will ultimately increase the need for dry type transformers in renewable energy plants, thereby positioning the dry type transformer market on a growth path across Germany.

Likewise, the French government planned to decrease its dependence on nuclear power generation by 2025, which was later postponed to 2030. This was owing to the risks associated with power supply shortages. Moreover, the need for new generation capacities is anticipated to rise with the reduction in nuclear capacity. Furthermore, several European utilities are expected to significantly invest in upgrading their networks, including replacing old cables, deploying smart meters, and others. This will further open lucrative opportunities for the dry type transformer market across France over the next few years.

ABB Ltd is one the leading in electrification products, robotics, industrial automation, and power grids. It primarily serves consumers in utilities, industry, and transport, among others. The company’s business segments consist of electrification products, discrete motion, process automation, transformers, and power grid. ABB offers dry type transformers under its transformers segment. It has operations across several countries and is headquartered in Switzerland. 

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Table of Content

1. EUROPE DRY TYPE TRANSFORMER MARKET - SUMMARY   

2. INDUSTRY OUTLOOK  

2.1. KEY INSIGHTS      

2.1.1. INCREASING POPULARITY OF BIO-BASED AND NAPHTHENIC TRANSFORMER OIL        

2.1.2. DETERIORATION OF TRANSFORMER OIL DUE TO MOISTURE INGRESS       

2.2. IMPACT OF COVID-19 ON DRY TYPE TRANSFORMER INDUSTRY      

2.3. PORTERS FIVE FORCES ANALYSIS 

2.3.1.   THREAT OF NEW ENTRANTS   

2.3.2.   THREAT OF SUBSTITUTE           

2.3.3.   BARGAINING POWER OF SUPPLIERS

2.3.4.   BARGAINING POWER OF BUYERS     

2.3.5.   THREAT OF COMPETITIVE RIVALRY  

2.4. MARKET ATTRACTIVENESS MATRIX

2.5. REGULATORY POLICIES & FRAMEWORK   

2.6. VENDOR SCORECARD 

2.7. KEY MARKET STRATEGIES     

2.7.1. CONTRACTS & PARTNERSHIPS          

2.7.2. ACQUISITIONS & MERGERS      

2.7.3. NEW PRODUCT LAUNCHES      

2.8. MARKET DRIVERS         

2.8.1. SURGE IN DOMESTIC DEMAND FOR POWER          

2.8.2. GROWTH IN RENEWABLE ENERGY USE      

2.8.3. INCREASING ADOPTION OF SMART GRID AND GROWING SMART DISTRIBUTION NETWORKS          

2.9. MARKET CHALLENGES

2.9.1. ADOPTION OF SOLID-STATE TRANSFORMERS      

2.9.2. LIMITATIONS OF DRY TYPE TRANSFORMERS        

2.10. MARKET OPPORTUNITIES     

2.10.1. 3D CORE DRY TYPE TRANSFORMER APPLICATIONS    

2.10.2. DEVELOPMENT OF DIGITAL DRY TRANSFORMERS                   

3. EUROPE DRY TYPE TRANSFORMER MARKET – BY TYPE     

3.1. DRY TYPE CONVERTER TRANSFORMER   

3.2. DRY TYPE RECTIFIER TRANSFORMER       

4. EUROPE DRY TYPE TRANSFORMER MARKET - BY TECHNOLOGY 

4.1. CAST RESIN         

4.2. VACUUM PRESSURE IMPREGNATED          

5. EUROPE DRY TYPE TRANSFORMER MARKET - BY PHASE   

5.1. SINGLE-PHASE   

5.2. THREE-PHASE    

6. EUROPE DRY TYPE TRANSFORMER MARKET - BY VOLTAGE          

6.1. LOW-VOLTAGE    

6.2. MEDIUM-VOLTAGE         

7. EUROPE DRY TYPE TRANSFORMER MARKET - BY END-USER       

7.1. INDUSTRIAL         

7.1.1. MARINE        

7.1.2. CHEMICAL   

7.1.3. OIL AND GAS          

7.1.4. RENEWABLE ENERGY GENERATION 

7.1.5. RAILWAY      

7.1.6. OTHERS       

7.2. COMMERCIAL      

7.3. OTHERS     

8. EUROPE DRY TYPE TRANSFORMER MARKET – REGIONAL OUTLOOK                 

8.1. COUNTRY ANALYSIS    

8.1.1. UNITED KINGDOM 

8.1.2. GERMANY   

8.1.3. FRANCE       

8.1.4. SPAIN

8.1.5. ITALY 

8.1.6. RUSSIA         

8.1.7. REST OF EUROPE            

9. COMPETITIVE LANDSCAPE 

9.1. ABB LTD     

9.2. BHARAT HEAVY ELECTRICALS LTD 

9.3. CROMPTON GREAVES LIMITED         

9.4. EATON CORPORATION PLC    

9.5. FUJI ELECTRIC CO LTD

9.6. GENERAL ELECTRIC COMPANY        

9.7. HAMMOND POWER SOLUTIONS INC

9.8. HANLEY ENERGY GCC 

9.9. HITACHI LTD         

9.10. HYOSUNG HEAVY INDUSTRIES       

9.11. HYUNDAI HEAVY INDUSTRIES CO LTD     

9.12. KIRLOSKAR ELECTRIC CO LTD        

9.13. POWER SP Z O O          

9.14. SCHNEIDER ELECTRIC          

9.15. SIEMENS AG      

9.16. TBEA CO LTD     

9.17. VOLTAMP TRANSFORMERS LTD.    

9.18. WEG GROUP      

10. METHODOLOGY & SCOPE  

10.1. RESEARCH SCOPE & DELIVERABLES      

10.2. SOURCES OF DATA     

10.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: EUROPE DRY TYPE TRANSFORMER MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)

TABLE 2: MARKET ATTRACTIVENESS MATRIX

TABLE 3: VENDOR SCORECARD

TABLE 4: LIST OF CONTRACTS & PARTNERSHIPS

TABLE 5: LIST OF ACQUISITIONS & MERGERS

TABLE 6: LIST OF NEW PRODUCT LAUNCHES

TABLE 7: EUROPE DRY TYPE TRANSFORMER MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 8: EUROPE DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY, 2021-2028 (IN $ MILLION)

TABLE 9: EUROPE DRY TYPE TRANSFORMER MARKET, BY PHASE, 2021-2028 (IN $ MILLION)

TABLE 10: EUROPE DRY TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021-2028 (IN $ MILLION)

TABLE 11: EUROPE DRY TYPE TRANSFORMER MARKET, BY END-USER, 2021-2028 (IN $ MILLION)

TABLE 12: EUROPE DRY TYPE TRANSFORMER MARKET, BY INDUSTRIAL, 2021-2028 (IN $ MILLION)

TABLE 13: EUROPE DRY TYPE TRANSFORMER MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)

List of Figures

FIGURE 1: PORTER’S FIVE FORCES ANALYSIS

FIGURE 2: EUROPE DRY TYPE TRANSFORMER MARKET, BY TYPE, 2020 & 2028 (IN %)

FIGURE 3: EUROPE DRY TYPE TRANSFORMER MARKET, BY DRY TYPE CONVERTER TRANSFORMER, 2021-2028 (IN $ MILLION)

FIGURE 4: EUROPE DRY TYPE TRANSFORMER MARKET, BY DRY TYPE RECTIFIER TRANSFORMER, 2021-2028 (IN $ MILLION)

FIGURE 5: EUROPE DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY, 2020 & 2028 (IN %)

FIGURE 6: EUROPE DRY TYPE TRANSFORMER MARKET, BY CAST RESIN, 2021-2028 (IN $ MILLION)

FIGURE 7: EUROPE DRY TYPE TRANSFORMER MARKET, BY VACUUM PRESSURE IMPREGNATED, 2021-2028 (IN $ MILLION)

FIGURE 8: EUROPE DRY TYPE TRANSFORMER MARKET, BY PHASE, 2020 & 2028 (IN %)

FIGURE 9: EUROPE DRY TYPE TRANSFORMER MARKET, BY SINGLE-PHASE, 2021-2028 (IN $ MILLION)

FIGURE 10: EUROPE DRY TYPE TRANSFORMER MARKET, BY THREE-PHASE, 2021-2028 (IN $ MILLION)

FIGURE 11: EUROPE DRY TYPE TRANSFORMER MARKET, BY VOLTAGE, 2020 & 2028 (IN %)

FIGURE 12: EUROPE DRY TYPE TRANSFORMER MARKET, BY LOW-VOLTAGE, 2021-2028 (IN $ MILLION)

FIGURE 13: EUROPE DRY TYPE TRANSFORMER MARKET, BY MEDIUM-VOLTAGE, 2021-2028 (IN $ MILLION)

FIGURE 14: EUROPE DRY TYPE TRANSFORMER MARKET, BY END-USER, 2020 & 2028 (IN %)

FIGURE 15: EUROPE DRY TYPE TRANSFORMER MARKET, BY INDUSTRIAL, 2021-2028 (IN $ MILLION)

FIGURE 16: EUROPE DRY TYPE TRANSFORMER MARKET, BY MARINE, 2021-2028 (IN $ MILLION)

FIGURE 17: EUROPE DRY TYPE TRANSFORMER MARKET, BY CHEMICAL, 2021-2028 (IN $ MILLION)

FIGURE 18: EUROPE DRY TYPE TRANSFORMER MARKET, BY OIL AND GAS, 2021-2028 (IN $ MILLION)

FIGURE 19: EUROPE DRY TYPE TRANSFORMER MARKET, BY RENEWABLE ENERGY GENERATION, 2021-2028 (IN $ MILLION)

FIGURE 20: EUROPE DRY TYPE TRANSFORMER MARKET, BY RAILWAY, 2021-2028 (IN $ MILLION)

FIGURE 21: EUROPE DRY TYPE TRANSFORMER MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)

FIGURE 22: EUROPE DRY TYPE TRANSFORMER MARKET, BY COMMERCIAL, 2021-2028 (IN $ MILLION)

FIGURE 23: EUROPE DRY TYPE TRANSFORMER MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)

FIGURE 24: EUROPE DRY TYPE TRANSFORMER MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 25: UNITED KINGDOM DRY TYPE TRANSFORMER MARKET, 2021-2028 (IN $ MILLION)

FIGURE 26: GERMANY DRY TYPE TRANSFORMER MARKET 2021-2028 (IN $ MILLION)

FIGURE 27: FRANCE DRY TYPE TRANSFORMER MARKET 2021-2028 (IN $ MILLION)

FIGURE 28: SPAIN DRY TYPE TRANSFORMER MARKET 2021-2028 (IN $ MILLION)

FIGURE 29: ITALY DRY TYPE TRANSFORMER MARKET 2021-2028 (IN $ MILLION)

FIGURE 30: RUSSIA DRY TYPE TRANSFORMER MARKET 2021-2028 (IN $ MILLION)

FIGURE 31: REST OF EUROPE DRY TYPE TRANSFORMER MARKET 2021-2028 (IN $ MILLION)

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