| Product Code: ETC5140187 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Belgium continued to rely on key trading partners such as Germany, Czechia, Italy, Ireland, and the Netherlands for transformer core imports. Despite a high Herfindahl-Hirschman Index indicating market concentration, the industry experienced significant growth with a notable CAGR of 13.46% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -25.83%, suggesting a potential shift in market dynamics or external factors influencing the industry within the region.

In the Europe region, the Transformer Core market in Belgium is projected to expand at a stable growth rate of 2.01% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Transformer Core Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Transformer Core Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Transformer Core Market - Industry Life Cycle |
3.4 Belgium Transformer Core Market - Porter's Five Forces |
3.5 Belgium Transformer Core Market Revenues & Volume Share, By Core, 2021 & 2031F |
3.6 Belgium Transformer Core Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Belgium Transformer Core Market Revenues & Volume Share, By Winding, 2021 & 2031F |
3.8 Belgium Transformer Core Market Revenues & Volume Share, By Insulation, 2021 & 2031F |
3.9 Belgium Transformer Core Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Belgium Transformer Core Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electricity in Belgium |
4.2.2 Rise in renewable energy projects |
4.2.3 Technological advancements in transformer core materials |
4.2.4 Government initiatives promoting energy efficiency |
4.2.5 Growth in industrial and infrastructure development projects |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices |
4.3.2 Stringent regulations on environmental standards |
4.3.3 Competition from alternative energy sources |
4.3.4 Economic downturns impacting investments in infrastructure |
4.3.5 Supply chain disruptions |
5 Belgium Transformer Core Market Trends |
6 Belgium Transformer Core Market Segmentations |
6.1 Belgium Transformer Core Market, By Core |
6.1.1 Overview and Analysis |
6.1.2 Belgium Transformer Core Market Revenues & Volume, By Closed, 2021-2031F |
6.1.3 Belgium Transformer Core Market Revenues & Volume, By Shell, 2021-2031F |
6.1.4 Belgium Transformer Core Market Revenues & Volume, By Berry, 2021-2031F |
6.2 Belgium Transformer Core Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Belgium Transformer Core Market Revenues & Volume, By Distribution Transformer, 2021-2031F |
6.2.3 Belgium Transformer Core Market Revenues & Volume, By Power Transformer, 2021-2031F |
6.2.4 Belgium Transformer Core Market Revenues & Volume, By Instrument Transformer, 2021-2031F |
6.3 Belgium Transformer Core Market, By Winding |
6.3.1 Overview and Analysis |
6.3.2 Belgium Transformer Core Market Revenues & Volume, By Two Winding, 2021-2031F |
6.3.3 Belgium Transformer Core Market Revenues & Volume, By Auto-transformer, 2021-2031F |
6.3.4 Belgium Transformer Core Market Revenues & Volume, By Cooling, 2021-2031F |
6.3.5 Belgium Transformer Core Market Revenues & Volume, By Dry Type, 2021-2031F |
6.3.6 Belgium Transformer Core Market Revenues & Volume, By Self-Cooled, 2021-2031F |
6.4 Belgium Transformer Core Market, By Insulation |
6.4.1 Overview and Analysis |
6.4.2 Belgium Transformer Core Market Revenues & Volume, By Gas, 2021-2031F |
6.4.3 Belgium Transformer Core Market Revenues & Volume, By Oil, 2021-2031F |
6.4.4 Belgium Transformer Core Market Revenues & Volume, By Solid, 2021-2031F |
6.4.5 Belgium Transformer Core Market Revenues & Volume, By Air, 2021-2031F |
6.5 Belgium Transformer Core Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Belgium Transformer Core Market Revenues & Volume, By Residential & Commercial, 2021-2031F |
6.5.3 Belgium Transformer Core Market Revenues & Volume, By Utility, 2021-2031F |
6.5.4 Belgium Transformer Core Market Revenues & Volume, By Industrial, 2021-2031F |
7 Belgium Transformer Core Market Import-Export Trade Statistics |
7.1 Belgium Transformer Core Market Export to Major Countries |
7.2 Belgium Transformer Core Market Imports from Major Countries |
8 Belgium Transformer Core Market Key Performance Indicators |
8.1 Rate of adoption of renewable energy sources in Belgium |
8.2 Investment in research and development of transformer core materials |
8.3 Number of energy efficiency projects initiated in the country |
8.4 Percentage of industrial and infrastructure projects using transformers |
8.5 Energy consumption trends in Belgium |
9 Belgium Transformer Core Market - Opportunity Assessment |
9.1 Belgium Transformer Core Market Opportunity Assessment, By Core, 2021 & 2031F |
9.2 Belgium Transformer Core Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Belgium Transformer Core Market Opportunity Assessment, By Winding, 2021 & 2031F |
9.4 Belgium Transformer Core Market Opportunity Assessment, By Insulation, 2021 & 2031F |
9.5 Belgium Transformer Core Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Belgium Transformer Core Market - Competitive Landscape |
10.1 Belgium Transformer Core Market Revenue Share, By Companies, 2024 |
10.2 Belgium Transformer Core Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |