FEATURED COMPANIES
- ABB Ltd
- Eaton Corporation plc
- General Electric Company
- Hitachi Ltd
- Kirloskar Electric Co Ltd
- Schneider Electric
MARKET OUTLOOK
The publisher’s report concludes that the dry type transformer market in Europe is likely to experience a growth at a compound annual growth rate of 6.84% during 2021-2028. Italy, France, Spain, Russia, the United Kingdom, Germany, and Rest of Europe form the market in the region.In Italy, the government’s National Energy Strategy concentrates on upscaling renewable power generation capacity while reducing a significant amount of emissions. Moreover, the government plans to phase out coal power production by 2025, setting a new renewable energy target. Such a strategy is likely to have a positive impact on the dry type transformer market.
Furthermore, the Italy-based utility firm Enel has signed a memorandum of understanding with Rosseti, a Russian electric power company, to digitize energy networks. This will help the companies implement innovative energy solutions, improving the operations of their smart grid networks. Besides, this will lead to the upgradation of the existing electrical network, increasing the demand for dry type transformers for indoor and compact applications. Thus, all these factors are anticipated to drive the growth of the dry type transformer market across Italy.
Russia, on the other hand, has taken a series of steps towards modernizing its power system, although there is still scope for improvement. Moreover, the government has already initiated efforts to improve the present situation, including hydropower generation. Such measures to develop the power sector are likely to open new avenues for Russia’s dry type transformer market.
COMPETITIVE OUTLOOK
The companies that have established themselves in the dry type transformer market are Hyosung Heavy Industries, Eaton Corporation Plc, Kirloskar Electric Co Ltd, ABB Ltd, Bharat Heavy Electricals Ltd, Hyundai Heavy Industries Co Ltd, Schneider Electric, Tbea Co Ltd, and Fuji Electric Co Ltd.
FEATURED COMPANIES
- ABB Ltd
- Eaton Corporation plc
- General Electric Company
- Hitachi Ltd
- Kirloskar Electric Co Ltd
- Schneider Electric
1. Europe Dry Type Transformer Market - Summary
2. Industry Outlook
3. Europe Dry Type Transformer Market – by Type
4. Europe Dry Type Transformer Market - by Technology
5. Europe Dry Type Transformer Market - by Phase
6. Europe Dry Type Transformer Market - by Voltage
7. Europe Dry Type Transformer Market - by End-User
8. Europe Dry Type Transformer Market – Regional Outlook
9. Competitive Landscape
10. Methodology & Scope
List of Tables
List of Figures
A selection of companies mentioned in this report includes:
- ABB Ltd
- Bharat Heavy Electricals Ltd
- Crompton Greaves Limited
- Eaton Corporation plc
- Fuji Electric Co Ltd
- General Electric Company
- Hammond Power Solutions Inc
- Hanley Energy Gcc
- Hitachi Ltd
- Hyosung Heavy Industries
- Hyundai Heavy Industries Co Ltd
- Kirloskar Electric Co Ltd
- Power Sp Z O O
- Schneider Electric
- Siemens AG
- TBEA Co Ltd
- Voltamp Transformers Ltd
- Weg Group
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