UK Transformer Market (2024-2030) | Trends, Analysis, Forecast, Industry, Growth, Outlook, Share, Companies, Size, Value & Revenue

Topics Covered in UK Transformer Market Report

UK Transformer Market report thoroughly covers market by Core, Product, Winding, application, Cooling, Rating and Phase. The market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

UK Transformer Market Synopsis

The UK Transformer Market is anticipated to project substantial growth on account of rising industrialization. A surging population backed by rising demand for power is driving the UK Transformer Market Growth. Additionally, favourable government policies towards the adoption of renewable power backed by the usage of electric vehicles are driving the development of the market. Increasing consumer focus towards smart monitoring and sustainable electricity is adding to the UK Transformer Market Share.

According to 6Wresearch, the UK Transformer Market size is projected to grow at a CAGR of 5.2% during 2024-2030. The United Kingdom transformer market is primarily driven by increasing demand for energy. In particular, the government's commitment to reducing carbon emissions has led to an increase in the deployment of renewable energy projects. As a result, large-scale wind, solar, and hydroelectricity projects have become important drivers of transformer market growth. Furthermore, energy efficiency initiatives have led to greater adoption of smart grids, which has led to growth in the power transformers market. Finally, a growing need for modernization and upgrading of existing grids, to increase reliability, has also driven growth in the transformer market.

Despite the many developments driving the United Kingdom transformer market, some challenges still exist for the sector. One of the major challenges is the lack of sufficient research and development (R&D) in the transformer industry. Another issue is that the UK transformer market is highly competitive due to the presence of many small and large companies that compete for market share. Additionally, the high cost of transformers, especially when it comes to custom designs and installations, is also a challenge. Finally, there is also a challenge associated with a skilled labor shortage.

Key Players of the Market

Several significant companies operate in the UK Transformer market, including General Electric, Siemens, ABB Group, Schneider Electric, Hitachi, Mitsubishi Electric Corporation, and Toshiba Corporation. All these companies account for a significant portion of the market value and revenue. The record of General Electric and Siemens has been excellent in terms of technological advancements and their ability to innovate.

Transformer Market in the United Kingdom: Government Initiatives

The UK government has been actively promoting technological development in the energy sector, including the transformer market. Several funding initiatives, including the Energy Technologies Institute, have been launched in recent years to encourage the growth of the sector. Furthermore, the government has launched a series of initiatives aimed at reducing carbon emissions that are driving the transformer market, including renewables incentives and smart grids. By providing financial incentives and subsidies, the government is facilitating the growth of the sector.

Market Segmentation by Product

According to Dhaval, Research Manager, 6Wresearch, the distribution transformer segment is currently dominating the market owing to its rising demand and is expected to lead the market during the upcoming years as there is an increase in the adoption of smart grids.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• UK Transformer Market Outlook
• Market Size of UK Transformer Market, 2023
• Forecast of UK Transformer Market, 2030
• Historical Data and Forecast of UK Transformer Revenues & Volume for the Period 2020 - 2030
• UK Transformer Market Trend Evolution
• UK Transformer Market Drivers and Challenges
• UK Transformer Price Trends
• UK Transformer Porter's Five Forces
• UK Transformer Industry Life Cycle
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Core for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Closed for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Shell for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Berry for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Product for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Power transformer for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Distribution transformer for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Instrument transformer for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Winding for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Two-winding for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Auto-transformer for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Application for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Residential & Commercial for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Utility for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Industrial for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Cooling for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Dry type for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Oil Immersed for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Insulation for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Gas for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Oil for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Solid for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Air for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Phase for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Single phase for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By 3 - phase for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By Rating for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By ? 10 MVA for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By 11 MVA to 60 MVA for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By 61 MVA to 600 MVA for the Period 2020 - 2030
• Historical Data and Forecast of UK Transformer Market Revenues & Volume By > 600 MVA for the Period 2020 - 2030
• UK Transformer Import Export Trade Statistics
• Market Opportunity Assessment By Core
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Winding
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Cooling
• Market Opportunity Assessment By Insulation
• Market Opportunity Assessment By Phase
• Market Opportunity Assessment By Rating
• UK Transformer Top Companies Market Share
• UK Transformer Competitive Benchmarking By Technical and Operational Parameters
• UK Transformer Company Profiles
• UK Transformer Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Core

• Closed
• Shell
• Berry

By Product

• Power Transformer
• Distribution Transformer
• Instrument Transformer
• Others

By Winding

• Two-Winding
• Auto-Transformer

By Application

• Residential & Commercial
• Utility
• Industrial

By Cooling

• Dry-Type
• Oil Immersed

By Phase

• Single Phase
• 3 – Phase

By Rating

• 10 MVA
• 11 MVA To 60 MVA
• 61 MVA To 600 MVA
• > 600 MVA

UK Transformer Market (2024-2030): FAQs