| Product Code: ETC4800610 | Publication Date: Nov 2023 | Updated Date: Nov 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, Sweden continued to rely on transformer imports from a diverse range of countries, with Italy, Germany, Spain, Ireland, and China leading the way. Despite the presence of key players, the market remained highly competitive with a low Herfindahl-Hirschman Index (HHI) concentration. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 4.33%, showcasing steady growth. However, there was a slight decline in growth rate from 2023 to 2024, with a -7.88% change. This fluctuation suggests potential shifts in market dynamics or external factors influencing the industry`s performance.
The Transformer market in Sweden is projected to grow at a negative growth rate of -0.00% 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 Sweden Transformer Market Overview |
3.1 Sweden Country Macro Economic Indicators |
3.2 Sweden Transformer Market Revenues & Volume, 2021 & 2031F |
3.3 Sweden Transformer Market - Industry Life Cycle |
3.4 Sweden Transformer Market - Porter's Five Forces |
3.5 Sweden Transformer Market Revenues & Volume Share, By Core, 2021 & 2031F |
3.6 Sweden Transformer Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Sweden Transformer Market Revenues & Volume Share, By Winding, 2021 & 2031F |
3.8 Sweden Transformer Market Revenues & Volume Share, By Installation, 2021 & 2031F |
3.9 Sweden Transformer Market Revenues & Volume Share, By Cooling, 2021 & 2031F |
3.10 Sweden Transformer Market Revenues & Volume Share, By Insulation, 2021 & 2031F |
3.11 Sweden Transformer Market Revenues & Volume Share, By Phase, 2021 & 2031F |
4 Sweden Transformer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electricity in Sweden |
4.2.2 Growing focus on renewable energy sources |
4.2.3 Government initiatives promoting energy efficiency and grid modernization |
4.3 Market Restraints |
4.3.1 High initial investment costs for transformer infrastructure |
4.3.2 Regulatory challenges and compliance requirements |
4.3.3 Limited availability of skilled workforce in the transformer industry |
5 Sweden Transformer Market Trends |
6 Sweden Transformer Market Segmentations |
6.1 Sweden Transformer Market, By Core |
6.1.1 Overview and Analysis |
6.1.2 Sweden Transformer Market Revenues & Volume, By Closed, 2021-2031F |
6.1.3 Sweden Transformer Market Revenues & Volume, By Shell, 2021-2031F |
6.1.4 Sweden Transformer Market Revenues & Volume, By Berry, 2021-2031F |
6.2 Sweden Transformer Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Sweden Transformer Market Revenues & Volume, By Power transformer, 2021-2031F |
6.2.3 Sweden Transformer Market Revenues & Volume, By Distribution transformer, 2021-2031F |
6.2.4 Sweden Transformer Market Revenues & Volume, By Instrument transformer, 2021-2031F |
6.2.5 Sweden Transformer Market Revenues & Volume, By Others, 2021-2031F |
6.3 Sweden Transformer Market, By Winding |
6.3.1 Overview and Analysis |
6.3.2 Sweden Transformer Market Revenues & Volume, By Two-winding, 2021-2031F |
6.3.3 Sweden Transformer Market Revenues & Volume, By Auto-transformer, 2021-2031F |
6.4 Sweden Transformer Market, By Installation |
6.4.1 Overview and Analysis |
6.4.2 Sweden Transformer Market Revenues & Volume, By Outdoor, 2021-2031F |
6.4.3 Sweden Transformer Market Revenues & Volume, By Indoor, 2021-2031F |
6.5 Sweden Transformer Market, By Cooling |
6.5.1 Overview and Analysis |
6.5.2 Sweden Transformer Market Revenues & Volume, By Dry type, 2021-2031F |
6.5.3 Sweden Transformer Market Revenues & Volume, By Oil Immersed, 2021-2031F |
6.6 Sweden Transformer Market, By Insulation |
6.6.1 Overview and Analysis |
6.6.2 Sweden Transformer Market Revenues & Volume, By Gas, 2021-2031F |
6.6.3 Sweden Transformer Market Revenues & Volume, By Oil, 2021-2031F |
6.6.4 Sweden Transformer Market Revenues & Volume, By Solid, 2021-2031F |
6.6.5 Sweden Transformer Market Revenues & Volume, By Air, 2021-2031F |
6.6.6 Sweden Transformer Market Revenues & Volume, By Others, 2021-2031F |
6.7 Sweden Transformer Market, By Phase |
6.7.1 Overview and Analysis |
6.7.2 Sweden Transformer Market Revenues & Volume, By Single phase, 2021-2031F |
6.7.3 Sweden Transformer Market Revenues & Volume, By 3 - phase, 2021-2031F |
6.8 Sweden Transformer Market, By Rating |
6.8.1 Overview and Analysis |
6.8.2 Sweden Transformer Market Revenues & Volume, By ? 10 MVA, 2021-2031F |
6.8.3 Sweden Transformer Market Revenues & Volume, By 11 MVA to 60 MVA, 2021-2031F |
6.8.4 Sweden Transformer Market Revenues & Volume, By > 600 MVA, 2021-2031F |
6.8.5 Sweden Transformer Market Revenues & Volume, By > 600 MVA, 2021-2031F |
7 Sweden Transformer Market Import-Export Trade Statistics |
7.1 Sweden Transformer Market Export to Major Countries |
7.2 Sweden Transformer Market Imports from Major Countries |
8 Sweden Transformer Market Key Performance Indicators |
8.1 Percentage of electricity generated from renewable sources in Sweden |
8.2 Number of new energy efficiency projects initiated by the government |
8.3 Investment in smart grid technologies in Sweden |
8.4 Rate of adoption of digital transformation in the transformer industry |
8.5 Number of transformer installations in key sectors such as renewable energy and manufacturing |
9 Sweden Transformer Market - Opportunity Assessment |
9.1 Sweden Transformer Market Opportunity Assessment, By Core, 2021 & 2031F |
9.2 Sweden Transformer Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Sweden Transformer Market Opportunity Assessment, By Winding, 2021 & 2031F |
9.4 Sweden Transformer Market Opportunity Assessment, By Installation, 2021 & 2031F |
9.5 Sweden Transformer Market Opportunity Assessment, By Cooling, 2021 & 2031F |
9.6 Sweden Transformer Market Opportunity Assessment, By Insulation, 2021 & 2031F |
9.7 Sweden Transformer Market Opportunity Assessment, By Phase, 2021 & 2031F |
9.7 Sweden Transformer Market Opportunity Assessment, By Rating, 2021 & 2031F |
10 Sweden Transformer Market - Competitive Landscape |
10.1 Sweden Transformer Market Revenue Share, By Companies, 2024 |
10.2 Sweden Transformer Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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