FEATURED COMPANIES
- ABB Ltd
- Eaton Corporation plc
- General Electric Company
- Hitachi Ltd
- Kirloskar Electric Co Ltd
- Schneider Electric
- MORE
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.
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.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- ABB Ltd
- Eaton Corporation plc
- General Electric Company
- Hitachi Ltd
- Kirloskar Electric Co Ltd
- Schneider Electric
- MORE
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)
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)
Note: Product cover images may vary from those shown
- 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
Note: Product cover images may vary from those shown
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