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Europe Distribution Transformer Market Forecast 2019-2027

KEY FINDINGS

Europe is expected to be having significant per capita consumption of electricity making it a key market for distribution transformers over the projected years of 2019-2027. By the end of this period, the Europe distribution transformers market is predicted to exhibit a CAGR of 7.14%. The various advances in the transformer industry and the growing popularity of green energy are the major factors driving the market.

MARKET INSIGHTS
A major challenge faced by the market is the operational inefficiency leading to delays and suspensions. However, the market can find some potential growth opportunities in the fact that renewable energy is now gaining traction and the digital transformation of utilities is being observed throughout the region. The type of insulations (oil-filled, dry), type of mount (pole and pad) and the type of phase (single and three) are the various criteria on which the market is being segmented. The German market proved to be a major contributor to Europe in 2018. Other significant distribution transformers market in Europe include the UK, France, Germany, Spain, Italy and the Rest of Europe.

COMPETITIVE INSIGHTS
Few of the established market players in this region include Hyosung Corporation, General Electric, Lemi Trafo JSC, Hitachi Ltd., Schneider Electric, Eaton Corporation PLC, Kirloskar Electric Company Limited, Brush Electrical Machines Ltd., Starkstrom Gerätebau GmbH, Emerson Electric Co., Hammond Power Solutions, Inc., Celme S.r.l., Siemens AG, Bowers Electrical Ltd., Wilson Power Solutions, Crompton Greaves Ltd., Areva SA, Ormazabal Velatia and ABB Ltd.
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Europe Distribution Transformer Market Forecast 2019-2027
Published By :Inkwood Research
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