EuropeDistribution Transformer Market: Introduction
The distributiontransformer market in Europe was valued at US$3.5 Bn in 2019 andis anticipated to expand at a CAGR of 6.5% duringthe forecast period. Based on insulation, the liquid segment held dominantshare of the distribution transformer market in Europe in 2019. Interms of insulation type, the replacement segment accounted for a larger shareof the distribution transformer market in Europe in 2019. Powerfailures have been rising due to the aging power grids. This calls forreplacement of distribution transformers. Based on type, the three phasesegment constituted significant share of the distribution transformer market inEurope in 2019, as three phase transformersare efficient, cost effective, more stable & reliable, and easier toconduct parallel operations vis-à-vis the single phase transformers.
In terms ofpower rating, the 0-200 kVA segment occupied large share of the distributiontransformer market in Europe in 2019. Thesetransformers are primarily used outdoors. Based on winding material, the coppersegment accounted for major share of the distribution transformer market inEurope in 2019, as copper is harder, stronger,and more ductile than aluminum. Thus, its periodic inspection is not required.Based on application, the utility segment dominated the distributiontransformer market in Europe in 2019. Utilitiesare owned by governments. They are the major producers and distributors ofelectricity in Europe.
Based onthe mounting, the pad segment accounted for key share of the distributiontransformer market in Europe in 2019. Padmounting transformers are safe and reliable, as they have enclosed cabinets.The distribution transformer market in the U.K. is likely to expand at asubstantial pace during the forecast period, owing to high investments in powerindustry in the country.
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Key Drivers of Europe DistributionTransformer Market
Agingenergy generation and distribution infrastructure is one of the majorchallenges in developed countries. It creates significant pressure on energygeneration and distribution infrastructure. Many countries in Europe areincurring high costs associated with disruptions and Customer Minutes Lost(CML). The level of investment needed to maintain and upgrade the network isalso high. Romania is also facing issues, such as run-down infrastructure, thatcannot withstand the demand placed on the energy infrastructure. The powergeneration technology is evolving constantly; therefore, energy distributionand generating facilities need to come up with planned upgrades. Energydistribution and generating facilities need to work in tandem with ‘futureproof’ networks, as more coal plants are decommissioned. Renewables and nuclearpower are expected to continue to play a bigger role in power generation. Newtechnologies and fuel choices need to be integrated into the grid (such assmart grids) in the future.
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Three keyfactors that grid technology could improve are demand risk from the utility’sstandpoint, difference between wholesale and retail price, and the difficultyof integrating intermittent renewable sources of electricity into the existinggrid. Smart grids refer to the modernization of the electricity-delivery systemto allow for greater automation in grid operation at virtually every node,including facilitating data communication and operations between all agents inthe system, which include generators, system operators, and final demanders.Thus, the adoption of smart grid technologies to improve existing electricitytransmission and distribution is creating lucrative opportunities for thedistribution transformer market.
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Rest of Europe to Lead EuropeDistribution Transformer Market
The Rest ofEurope includes Germany, France, Italy, and Russia & CIS. The demand forelectricity is high in these countries. These are leading countries in terms ofproduction of electricity in the region. The demand for distributiontransformers is anticipated to rise in Rest of Europe. Furthermore, Germany,France, Italy, and Russia & CIS are engaged in production of renewableenergy; hence, demand for distribution transformers is high in the renewablesindustry in these countries.
The U.K. isanother key country for distribution transformers. The U.K. is a leading countryin Europe in terms of consumption of electricity. Electricity consumption inthe U.K. stood at 29.1 TW in 2019. The U.K.has been experiencing an increase in power generation in the last couple ofyears. This is estimated to propel the demand for distribution transformers inthe country during the forecast period.
Major Developments in EuropeDistribution Transformer Market
In February2019, Schneider Electric SE was named among 100 of theWorld’s Most Ethical Companies by the Ethisphere Institute for the ninthconsecutive year. In October 2018, SchneiderElectric SE was declared one of the best-performing companies in the eCAC40ranking for digital progress, achieving the highest-ever score. The resultreflected the company’s successful digital strategy, which was launched morethan 10 years ago.
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Competition Landscape
Thedistribution transformer market in Europe is led by multinational playersoperating across the region. Prominent players functioning in the distributiontransformer market in Europe are Siemens AG, General Electric, Schneider Electric, ABB Ltd, KirloskarElectric Ltd., Toshiba International Corporation, Crompton Greaves Ltd, andEaton Corporation.
