Market Forecast By Types(Power Transformer,Distribution Transformer), By Rating (Power Transformer(1 MVA – 50 MVA, 50.1 MVA – 160 MVA, 160.1 MVA – 350 MVA, Above 350 MVA),Distribution Transformer(Up to 100 kVA, 100.1 – 315 kVA, 315.1 – 5 MVA)),ByCooling System(Dry Type,Liquid Type), By Applications (Power Utilities,Industrial),By Country (Germany, Italy, Spain, France, United Kingdom & Rest of Europe) and Competitive Landscape
| Product Code: ETC002833 | Publication Date: Dec 2023 | Updated Date: Oct 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
According to 6Wresearch internal database and industry insights, the Europe Power & Distribution Transformer Market was valued at USD 36.9 billion in 2024 and is projected to reach USD 59 billion by 2031, expanding at a compound annual growth rate (CAGR) of 7.1% during the forecast period 2025–2031.
| Report Name | Europe Power & Distribution Transformer Market |
| Forecast Period | 2025-2031 |
| CAGR | 7.1% |
| Market Size | USD 59 billion by 2031 |
| Growing Sector | Renewable Energy & Power Utilities |
The report thoroughly covers the market by transformer type, rating, cooling system, applications, and countries. It provides an unbiased and detailed analysis of market dynamics, high-growth areas, industry challenges, and upcoming investment opportunities to help stakeholders align strategies with future trends.
Europe Power & Distribution Transformer Market is anticipated to experience growth owing to several key factors. For example, increasing renewable energy integration, grid modernization initiatives, and growing demand for electricity across industrial and residential sectors augments demand for efficient power & distribution transformers. Moreover, major economies like Germany, the UK, and France are augmenting adoption with their transition toward low-carbon energy systems. besides, the push for electrification of heating, transport, and industrial operations is creating sustained demand for both power and distribution transformers.
Below mentioned some major drivers and their impacts on the market dynamics:
| Driver | Primary Segments Affected | Why it Matters (Evidence) |
| Expansion of Renewable Energy Projects | Power Transformers | Large wind and solar farms in Germany, Spain, and offshore UK rely on high-capacity power transformers for grid stability. |
| Smart Grid Development | Distribution Transformers | EU’s “Digitalizing the Energy System” initiative requires advanced distribution transformers for grid automation. |
| Electrification of Transport | Distribution Transformers (100.1–315 kVA, 315.1–5 MVA) | The development of charging infrastructure propels demand for medium-range distribution transformers. |
| Growing Urbanization & Housing Demand | Distribution Transformers | Increasing household electricity consumption upsurges deployment of small capacity transformers. |
| Industrial Expansion & Automation | Power Transformers | Heavy industries in Germany and Italy demand higher-rating transformers for continuous operations. |
Europe Power & Distribution Transformer Market is projected to grow at 7.1% CAGR during 2025-2031. Due to major factors such as EU decarbonization targets, rising renewable energy capacity integration, and the urgent need to modernize aging power infrastructure across the region, the Europe Power & Distribution Transformer Market Growth is expected to remain substantial. Apart from this, surging demand for electricity from industrial, commercial, and residential sectors, along with expansion of smart grids and digital substations, is further boosting market development. Furthermore, investments in offshore wind farms, interconnection projects, and energy storage systems are creating significant opportunities for power and distribution transformer manufacturers in Europe.
Below mentioned some major restraints and their influence on the market dynamics:
| Restraint | Primary Segments Affected | What this Means (Evidence) |
| High Raw Material Costs (Copper, Silicon Steel) | All Types | Rising prices of essential components significantly impact transformer manufacturing costs. |
| Supply Chain Dependence | Power Transformers | High dependence on imports from Asia for key transformer parts, leading to vulnerabilities. |
| Long Approval & Installation Cycles | Power Utilities | Long approval of large-scale projects faces regulatory delays which results in high project costs. |
| Land & Space Constraints | Urban Distribution Transformers | Installation of substations in densely populated cities is challenging. |
| Rising Competition from Asian Manufacturers | All Segments | Asian companies dominate low-cost transformer manufacturing, affecting suppliers. |
On the other hand, due to high capital investment requirements, long lead times for power transformer deployment, and rising cyber-security concerns in smart grid-connected systems, the growth of Europe Power & Distribution Transformer Market is expected to face major obstacles. In addition, small and mid-sized manufacturers struggle to meet IE efficiency standards while remaining cost-competitive.
Major trends contributing to the Europe Power & Distribution Transformer Market Growth are:
There are numbers of the opportunities in the Europe Power & Distribution Transformer Industry. For instance:
Some of the key players dominating the market landscape are:
| Company Name | Siemens Energy AG |
| Established Year | 2020 (spin-off from Siemens AG) |
| Headquarters | Munich, Germany |
| Official Website | Click Here |
Leading supplier of high-voltage power transformers, smart grid solutions, and digital monitoring systems. Strong presence in renewable integration projects across Europe.
| Company Name | ABB Ltd. (Europe Division) |
| Established Year | 1988 |
| Headquarters | Zurich, Switzerland |
| Official Website | Click Here |
Offers wide range of power and distribution transformers, including digital monitoring-enabled systems for smart grids.
| Company Name | Schneider Electric SE |
| Established Year | 1836 |
| Headquarters | Rueil-Malmaison, France |
| Official Website | Click Here |
Known for eco-friendly distribution transformers and smart solutions integrated with building and industrial automation.
| Company Name | General Electric Grid Solutions (GE Vernova) |
| Established Year | 1892 |
| Headquarters | Paris, France (Europe Division) |
| Official Website | Click Here |
Supplies high-voltage transformers for utilities and renewable projects across Europe. Strong player in grid modernization.
| Company Name | CG Power & Industrial Solutions Europe |
| Established Year | 1937 |
| Headquarters | Belgium (European HQ) |
| Official Website | Click Here |
Manufacturer of medium and high-capacity distribution transformers, widely used in European utilities and industrial projects.
The EU has imposed firm Eco-design regulations, mandating minimum efficiency for transformers. Under the European Green Deal, major countries are incentivized to adopt energy-efficient transformers in renewable integration.
In the future years, the Europe Power & Distribution Transformer Market is forecast to witness immense traction on account of increased deployment of digital smart transformers, high MVA offshore wind transformers, and eco-friendly designs. Apart from this, with the EU’s push for carbon neutrality, more investment will flow into green hydrogen plants, smart grids, and industrial electrification, fueling sustained growth.
According to Riya, Senior Research Analyst, 6Wresearch, Power transformers are expected to dominate due to their widespread use in grid integration of renewable projects and cross-border electricity transmission. While distribution transformers remain critical for urban and rural electrification, large-capacity power transformers capture the majority of market value.
This category dominates as it is widely deployed in offshore wind farms and industrial grids. In distribution transformers, the 315.1 kVA – 5 MVA range is most in demand, driven by industrial expansion and EV charging infrastructure.
Liquid-cooled transformers are expected to lead the Europe Power & Distribution Transformer Market Share as they handle higher loads with better efficiency, particularly in offshore wind and industrial utilities. Dry-type transformers are growing in demand for urban infrastructure and buildings, but remain smaller in share.
Power utilities lead due to modernization of grids, renewable integration, and cross-border power exchange. Industrial applications remain significant, especially in Germany and Italy.
Germany is projected to dominate due to strong renewable energy capacity, industrial base, and grid modernization projects. The UK and France also hold large shares, while Spain and Italy are driven by renewable expansion.
The report offers a comprehensive study of the subsequent market segments:
| 1. Executive Summary |
| 2. Introduction |
| 2.1. Report Description |
| 2.2. Key Highlights of the Report |
| 2.3. Market Scope & Segmentation |
| 2.4. Research Methodology |
| 2.5. Assumptions |
| 3. Europe Power & Distribution Transformer Market Overview |
| 3.1. Europe Power & Distribution Transformer Market Revenues, 2021-2031F |
| 3.2. Europe Power & Distribution Transformer Market Revenue Share, By Country, 2021 & 2031F |
| 3.3. Europe Power & Distribution Transformer Market - Industry Life Cycle |
| 3.4. Europe Power & Distribution Transformer Market - Porter’s Five Forces |
| 4. Europe Power & Distribution Transformer Market Dynamics |
| 4.1. Impact Analysis |
| 4.2. Market Drivers |
| 4.3. Market Restraints |
| 5. Europe Power & Distribution Transformer Market Trends & Evolution |
| 6. Germany Power & Distribution Transformer Market Overview |
| 6.1. Germany Power & Distribution Transformer Market Revenues, 2021-2031F |
| 6.2. Germany Power & Distribution Transformer Market Overview, By Types |
| 6.2.1. Germany Power & Distribution Transformer Market Revenues, By Power Transformer, 2021-2031F |
| 6.2.2. Germany Power & Distribution Transformer Market Revenues, By Distribution Transformer, 2021-2031F |
| 6.3. Germany Power & Distribution Transformer Market Overview, By Rating |
| 6.3.1. Germany Power Transformer Market Revenue Share, By Rating, 2021 & 2031F |
| 6.3.1.1. Germany Power Transformer Market Revenues, By 1 MVA - 50 MVA, 2021-2031F |
| 6.3.1.2. Germany Power Transformer Market Revenues, By 50.1 MVA -160 MVA, 2021-2031F |
| 6.3.1.3. Germany Power Transformer Market Revenues, By 160.1 MVA -350 MVA, 2021-2031F |
| 6.3.1.4. Germany Power Transformer Market Revenues, By Above 350 MVA, 2021-2031F |
| 6.3.2. Germany Distribution Transformer Market Revenue Share, By Rating, 2021 & 2031F |
| 6.3.2.1. Germany Distribution Transformer Market Revenues, By Upto 100 kVA, 2021-2031F |
| 6.3.2.2. Germany Distribution Transformer Market Revenues, By 100.1 kVA-315 kVA, 2021-2031F |
| 6.3.2.3. Germany Distribution Transformer Market Revenues, By 315.1 kVA- 5 MVA, 2021-2031F |
| 6.4. Germany Power & Distribution Transformer Market Overview, By Cooling System |
| 6.4.1. Germany Power & Distribution Transformer Market Revenues, By Dry Type, 2021-2031F |
| 6.4.2. Germany Power & Distribution Transformer Market Revenues, By Liquid Type, 2021-2031F |
| 6.5. Germany Power & Distribution Transformer Market Overview, By Applications |
| 6.5.1. Germany Power & Distribution Transformer Market Revenues, By Power Utilities, 2021-2031F |
| 6.5.2. Germany Power & Distribution Transformer Market Revenues, By Industrial, 2021-2031F |
| 6.6. Germany Power & Distribution Transformer Market- Key Performance Indicators |
| 7. Italy Power & Distribution Transformer Market Overview |
| 7.1. Italy Power & Distribution Transformer Market Revenues, 2021-2031F |
| 7.2. Italy Power & Distribution Transformer Market Overview, By Types |
| 7.2.1. Italy Power & Distribution Transformer Market Revenues, By Power Transformer, 2021-2031F |
| 7.2.2. Italy Power & Distribution Transformer Market Revenues, By Distribution Transformer, 2021-2031F |
| 7.3. Italy Power & Distribution Transformer Market Overview, By Rating |
| 7.3.1. Italy Power Transformer Market Revenue Share, By Rating, 2021 & 2031F |
| 7.3.1.1. Italy Power Transformer Market Revenues, By 1 MVA - 50 MVA, 2021-2031F |
| 7.3.1.2. Italy Power Transformer Market Revenues, By 50.1 MVA -160 MVA, 2021-2031F |
| 7.3.1.3. Italy Power Transformer Market Revenues, By 160.1 MVA -350 MVA, 2021-2031F |
| 7.3.1.4. Italy Power Transformer Market Revenues, By Above 350 MVA, 2021-2031F |
| 7.3.2. Italy Distribution Transformer Market Revenue Share, By Rating, 2021 & 2031F |
| 7.3.2.1. Italy Distribution Transformer Market Revenues, By Upto 100 kVA, 2021-2031F |
| 7.3.2.2. Italy Distribution Transformer Market Revenues, By 100.1 kVA-315 kVA, 2021-2031F |
| 7.3.2.3. Italy Distribution Transformer Market Revenues, By 315.1 kVA- 5 MVA, 2021-2031F |
| 7.4. Italy Power & Distribution Transformer Market Overview, By Cooling System |
| 7.4.1. Italy Power & Distribution Transformer Market Revenues, By Dry Type, 2021-2031F |
| 7.4.2. Italy Power & Distribution Transformer Market Revenues, By Liquid Type, 2021-2031F |
| 7.5. Italy Power & Distribution Transformer Market Overview, By Applications |
| 7.5.1. Italy Power & Distribution Transformer Market Revenues, By Power Utilities, 2021-2031F |
| 7.5.2. Italy Power & Distribution Transformer Market Revenues, By Industrial, 2021-2031F |
| 7.6. Italy Power & Distribution Transformer Market- Key Performance Indicators |
| 8. Spain Power & Distribution Transformer Market Overview |
| 8.1. Spain Power & Distribution Transformer Market Revenues, 2021-2031F |
| 8.2. Spain Power & Distribution Transformer Market Overview, By Types |
| 8.2.1. Spain Power & Distribution Transformer Market Revenues, By Power Transformer, 2021-2031F |
| 8.2.2. Spain Power & Distribution Transformer Market Revenues, By Distribution Transformer, 2021-2031F |
| 8.3. Spain Power & Distribution Transformer Market Overview, By Rating |
| 8.3.1. Spain Power Transformer Market Revenue Share, By Rating, 2021 & 2031F |
| 8.3.1.1. Spain Power Transformer Market Revenues, By 1 MVA - 50 MVA, 2021-2031F |
| 8.3.1.2. Spain Power Transformer Market Revenues, By 50.1 MVA -160 MVA, 2021-2031F |
| 8.3.1.3. Spain Power Transformer Market Revenues, By 160.1 MVA -350 MVA, 2021-2031F |
| 8.3.1.4. Spain Power Transformer Market Revenues, By Above 350 MVA, 2021-2031F |
| 8.3.2. Spain Distribution Transformer Market Revenue Share, By Rating, 2021 & 2031F |
| 8.3.2.1. Spain Distribution Transformer Market Revenues, By Upto 100 kVA, 2021-2031F |
| 8.3.2.2. Spain Distribution Transformer Market Revenues, By 100.1 kVA-315 kVA, 2021-2031F |
| 8.3.2.3. Spain Distribution Transformer Market Revenues, By 315.1 kVA- 5 MVA, 2021-2031F |
| 8.4. Spain Power & Distribution Transformer Market Overview, By Cooling System |
| 8.4.1. Spain Power & Distribution Transformer Market Revenues, By Dry Type, 2021-2031F |
| 8.4.2. Spain Power & Distribution Transformer Market Revenues, By Liquid Type, 2021-2031F |
| 8.5. Spain Power & Distribution Transformer Market Overview, By Applications |
| 8.5.1. Spain Power & Distribution Transformer Market Revenues, By Power Utilities, 2021-2031F |
| 8.5.2. Spain Power & Distribution Transformer Market Revenues, By Industrial, 2021-2031F |
| 8.6. Spain Power & Distribution Transformer Market- Key Performance Indicators |
| 9. France Power & Distribution Transformer Market Overview |
| 9.1. France Power & Distribution Transformer Market Revenues, 2021-2031F |
| 9.2. France Power & Distribution Transformer Market Overview, By Types |
| 9.2.1. France Power & Distribution Transformer Market Revenues, By Power Transformer, 2021-2031F |
| 9.2.2. France Power & Distribution Transformer Market Revenues, By Distribution Transformer, 2021-2031F |
| 9.3. France Power & Distribution Transformer Market Overview, By Rating |
| 9.3.1. France Power Transformer Market Revenue Share, By Rating, 2021 & 2031F |
| 9.3.1.1. France Power Transformer Market Revenues, By 1 MVA - 50 MVA, 2021-2031F |
| 9.3.1.2. France Power Transformer Market Revenues, By 50.1 MVA -160 MVA, 2021-2031F |
| 9.3.1.3. France Power Transformer Market Revenues, By 160.1 MVA -350 MVA, 2021-2031F |
| 9.3.1.4. France Power Transformer Market Revenues, By Above 350 MVA, 2021-2031F |
| 9.3.2. France Distribution Transformer Market Revenue Share, By Rating, 2021 & 2031F |
| 9.3.2.1. France Distribution Transformer Market Revenues, By Upto 100 kVA, 2021-2031F |
| 9.3.2.2. France Distribution Transformer Market Revenues, By 100.1 kVA-315 kVA, 2021-2031F |
| 9.3.2.3. France Distribution Transformer Market Revenues, By 315.1 kVA- 5 MVA, 2021-2031F |
| 9.4. France Power & Distribution Transformer Market Overview, By Cooling System |
| 9.4.1. France Power & Distribution Transformer Market Revenues, By Dry Type, 2021-2031F |
| 9.4.2. France Power & Distribution Transformer Market Revenues, By Liquid Type, 2021-2031F |
| 9.5. France Power & Distribution Transformer Market Overview, By Applications |
| 9.5.1. France Power & Distribution Transformer Market Revenues, By Power Utilities, 2021-2031F |
| 9.5.2. France Power & Distribution Transformer Market Revenues, By Industrial, 2021-2031F |
| 9.6. France Power & Distribution Transformer Market- Key Performance Indicators |
| 10. United Kingdom Power & Distribution Transformer Market Overview |
| 10.1. United Kingdom Power & Distribution Transformer Market Revenues, 2021-2031F |
| 10.2. United Kingdom Power & Distribution Transformer Market Overview, By Types |
| 10.2.1. United Kingdom Power & Distribution Transformer Market Revenues, By Power Transformer, 2021-2031F |
| 10.2.2. United Kingdom Power & Distribution Transformer Market Revenues, By Distribution Transformer, 2021-2031F |
| 10.3. United Kingdom Power & Distribution Transformer Market Overview, By Rating |
| 10.3.1. United Kingdom Power Transformer Market Revenue Share, By Rating, 2021 & 2031F |
| 10.3.1.1. United Kingdom Power Transformer Market Revenues, By 1 MVA - 50 MVA, 2021-2031F |
| 10.3.1.2. United Kingdom Power Transformer Market Revenues, By 50.1 MVA -160 MVA, 2021-2031F |
| 10.3.1.3. United Kingdom Power Transformer Market Revenues, By 160.1 MVA -350 MVA, 2021-2031F |
| 10.3.1.4. United Kingdom Power Transformer Market Revenues, By Above 350 MVA, 2021-2031F |
| 10.3.2. United Kingdom Distribution Transformer Market Revenue Share, By Rating, 2021 & 2031F |
| 10.3.2.1. United Kingdom Distribution Transformer Market Revenues, By Upto 100 kVA, 2021-2031F |
| 10.3.2.2. United Kingdom Distribution Transformer Market Revenues, By 100.1 kVA-315 kVA, 2021-2031F |
| 10.3.2.3. United Kingdom Distribution Transformer Market Revenues, By 315.1 kVA- 5 MVA, 2021-2031F |
| 10.4. United Kingdom Power & Distribution Transformer Market Overview, By Cooling System |
| 10.4.1. United Kingdom Power & Distribution Transformer Market Revenues, By Dry Type, 2021-2031F |
| 10.4.2. United Kingdom Power & Distribution Transformer Market Revenues, By Liquid Type, 2021-2031F |
| 10.5. United Kingdom Power & Distribution Transformer Market Overview, By Applications |
| 10.5.1. United Kingdom Power & Distribution Transformer Market Revenues, By Power Utilities, 2021-2031F |
| 10.5.2. United Kingdom Power & Distribution Transformer Market Revenues, By Industrial, 2021-2031F |
| 10.6. United Kingdom Power & Distribution Transformer Market- Key Performance Indicators |
| 11. Rest of Europe Power & Distribution Transformer Market Overview |
| 12. Europe Power & Distribution Transformer Market Opportunity Assessment |
| 12.1. Europe Power & Distribution Transformer Market Opportunity Assessment, By Country |
| 12.1.1. Germany Power & Distribution Transformer Market Opportunity Assessment, Types, 2031F |
| 12.1.2. Italy Power & Distribution Transformer Market Opportunity Assessment, Types, 2031F |
| 12.1.3. Spain Power & Distribution Transformer Market Opportunity Assessment, Types, 2031F |
| 12.1.4. France Power & Distribution Transformer Market Opportunity Assessment, Types, 2031F |
| 12.1.5. the United Kingdom Power & Distribution Transformer Market Opportunity Assessment, Types, 2031F |
| 13. Europe Power & Distribution Transformer Market Competitive Landscape |
| 13.1 Europe Power & Distribution Transformer Market Competitive Benchmarking, By Operating Parameters |
| 13.2 Europe Power & Distribution Transformer Market Revenue Share, By Country |
| 13.2.1. Germany Power & Distribution Transformer Market Revenue Share, By Company, 2024 |
| 13.2.2. Italy Power & Distribution Transformer Market Revenue Share, By Company, 2024 |
| 13.2.3. Spain Power & Distribution Transformer Market Revenue Share, By Company, 2024 |
| 13.2.4. France Power & Distribution Transformer Market Revenue Share, By Company, 2024 |
| 13.2.5. United Kingdom Power & Distribution Transformer Market Revenue Share, By Company, 2024 |
| 14. Company Profiles |
| 15. Key Strategic Recommendations |
| 16. Disclaimer |
Market Forecast By Types (Power Transformer, Distribution Transformer), By Rating (Power Transformer (1 MVA – 50 MVA, 50.1 MVA – 160 MVA, 160.1 MVA – 350 MVA, Above 350 MVA), Distribution Transformer (Up to 100 kVA, 100.1 – 315 kVA, 315.1 – 5 MVA)), By Cooling System (Dry Type, Liquid Type), By Applications (Power Utilities, Industrial), By Country (Germany, Italy, Spain, France, United Kingdom & Rest of Europe) and Competitive Landscape
| Product Code: ETC002833 | Publication Date: Apr 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
The Europe Power & Distribution Transformer Market is witnessing significant growth and developments that are happening in the market play a key role in the sector's growth. The rising focus on sources of renewable energy is leading to a growth in demand for power transformers. The European Union allocated substantial funds for the development of transmission as well as distribution infrastructure, which is fueling the Europe Power & Distribution Transformer Growth.
Integration of smart grids needs the deployment of smart transformers which can handle bidirectional power flows, advanced communication capabilities, and voltage regulation. This is leading to a rise in demand for distribution transformers that are able to operate effectively in the smart grid system, which in turn is stimulating the growth of the Europe Power & Distribution Transformer Industry.
The rising adoption of electric vehicles in the region also led to a growth in demand for charging infrastructure, which needs the deployment of transformers in order to hand power supply. The Power & Distribution Transformer Market in Europe is consolidated, with a few key companies dominating the sector. The rising consolidation in the sector is leading to intense competition as well as innovation.
Europe power & distribution transformer market is projected to witness significant growth during the forecast period. Europe has a remarkable per capita electricity consumption, which is anticipated to be growing further in the years to come thus, making it one of the prominent markets for power & distribution transformers, globally. The refurbishment of aging electrical infrastructure and the development of a new distribution network coupled with rising investment in the renewable energy sector is the key factors that would contribute heavily towards the market growth of power & distribution transformers in Europe in the years to come.
According to 6Wresearch, Europe Power & Distribution Transformer Market size is anticipated to register growth during 2020-2026. The United Kingdom is expected to witness high growth during the forecast period mainly on account of shifting focus toward renewable energy resources. The UK government has taken various initiatives for the implementation of power & distribution transformers for achieving higher efficiency and full capacity utilization. Further, several government initiatives such as “Horizon 2020’ and “Trans-European Energy Infrastructure” along with various subsidies and tax exemptions provided by the government of France, Italy, etc. for the implementation of power & distribution transformers in the region would augment the market growth during the forecast period. However, sluggish market growth is expected in 2020 due to the outbreak of the coronavirus pandemic in Europe in the past few months resulting in major economic disruptions across several countries in the region.
By rating, 315.1 KVA - 5 MVA and 1 MVA - 50 MVA are the most commonly used power ratings for distribution transformers and power transformers, respectively, in the European region. Further, the distribution transformer segment dominated the overall Europe power & distribution transformer market in 2019 on account of the high utilization of such transformers in the distribution network and industrial setup.
The Europe power & distribution transformer market report thoroughly covers the market by types, rating, cooling systems, applications, and country including Germany, France, Italy, Spain, the United Kingdom, and the rest of Europe The European power & distribution transformer market outlook provides an unbiased and detailed analysis of the on-going Europe power & distribution transformer market trends, opportunities/high growth areas, market drivers, which would help stakeholders to device and align market strategies according to the current and future market dynamics.
Europe power and distribution transformer market is anticipated to register sound revenue in the upcoming six years to the back of the rising renewable power generation process. Increased government initiative by investing in power grids development in order to generate renewable energy where wind, solar, and hydro are the main source, as a result, the government is using renewable energy during the power distribution process which is expected to upsurge the demand for power and distribution transformers in the coming years. The United Kingdom power and distribution transformer market is estimated to gain momentum owing to rising government efforts in providing low-emission-based energy which is estimated to instigate power transformer deployment in the country as a result, the United Kingdom low-emission power distribution process is expected to contribute towards the optimistic growth of the entire Europe power and distribution transformer market in the coming time zone.
Europe power & distribution transformer market is projected to find its potential growth in the market owing to the increased industrial landscape in the country. Additionally, on the basis of the country, the German power & distribution transformer market is estimated to be a high possibility for new growth avenues on the back of the Intensive efforts being made by the German solar association to upsurge expansion of solar power plant considerably, majorly to reduce the carbon footprint and to meet the residential and commercial massive electricity demand, therefore power and distribution transformer plays a crucial role in distributing renewable energy to the population and would benefit the growth of the Europe power & distribution transformer market in the foreseeable future.
The Europe power & distribution transformer market report provides a detailed analysis of the following market segments: