| Product Code: ETC4778826 | 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 saw a shift in transformer import patterns with notable contributions from Germany, Poland, China, Metropolitan France, and Italy. The market experienced a transition from low to moderate concentration, indicating increased competition among suppliers. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the 2020-2024 period remained strong at 9.1%. This suggests a resilient market with steady demand for transformers in Belgium, driven by diverse sources of supply and competitive dynamics among key exporting countries.

The Transformers market in Belgium is projected to grow at a stable growth rate of 1.91% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Transformers Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Transformers Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Transformers Market - Industry Life Cycle |
3.4 Belgium Transformers Market - Porter's Five Forces |
3.5 Belgium Transformers Market Revenues & Volume Share, By Cooling, 2021 & 2031F |
3.6 Belgium Transformers Market Revenues & Volume Share, By Power Ratings, 2021 & 2031F |
3.7 Belgium Transformers Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Belgium Transformers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electricity in Belgium |
4.2.2 Growing emphasis on renewable energy sources |
4.2.3 Technological advancements in transformer design and efficiency |
4.3 Market Restraints |
4.3.1 Regulatory challenges in the energy sector |
4.3.2 Economic uncertainties impacting infrastructure investments |
5 Belgium Transformers Market Trends |
6 Belgium Transformers Market Segmentations |
6.1 Belgium Transformers Market, By Cooling |
6.1.1 Overview and Analysis |
6.1.2 Belgium Transformers Market Revenues & Volume, By Oil-Cooled, 2021-2031F |
6.1.3 Belgium Transformers Market Revenues & Volume, By Air-Cooled, 2021-2031F |
6.2 Belgium Transformers Market, By Power Ratings |
6.2.1 Overview and Analysis |
6.2.2 Belgium Transformers Market Revenues & Volume, By Small Power Transformer, 2021-2031F |
6.2.3 Belgium Transformers Market Revenues & Volume, By Medium Power Transformer, 2021-2031F |
6.2.4 Belgium Transformers Market Revenues & Volume, By Large Power Transformer, 2021-2031F |
6.3 Belgium Transformers Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 Belgium Transformers Market Revenues & Volume, By Smart Grid, 2021-2031F |
6.3.3 Belgium Transformers Market Revenues & Volume, By Smart Transformer, 2021-2031F |
6.3.4 Belgium Transformers Market Revenues & Volume, By Green Energy, 2021-2031F |
6.3.5 Belgium Transformers Market Revenues & Volume, By Power infrastructure, 2021-2031F |
7 Belgium Transformers Market Import-Export Trade Statistics |
7.1 Belgium Transformers Market Export to Major Countries |
7.2 Belgium Transformers Market Imports from Major Countries |
8 Belgium Transformers Market Key Performance Indicators |
8.1 Average age of transformers in use |
8.2 Percentage of transformers compliant with energy efficiency standards |
8.3 Investment in smart grid technologies |
9 Belgium Transformers Market - Opportunity Assessment |
9.1 Belgium Transformers Market Opportunity Assessment, By Cooling, 2021 & 2031F |
9.2 Belgium Transformers Market Opportunity Assessment, By Power Ratings, 2021 & 2031F |
9.3 Belgium Transformers Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Belgium Transformers Market - Competitive Landscape |
10.1 Belgium Transformers Market Revenue Share, By Companies, 2024 |
10.2 Belgium Transformers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |