Europe Transformer Industry Report 2025: $24.6 Bn Market Opportunities, Growth Drivers, Industry Trend Analysis, And Forecasts 2021-2034

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, April 11, 2025 (GLOBE NEWSWIRE) -- The "Europe Transformer Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034" report has been added to ResearchAndMarkets.com's offering.
The Europe Transformer Market was valued at USD 11.5 billion in 2024, and is projected to reach USD 24.6 billion by 2034, rising at a CAGR of 8.1%

The primary driver behind this growth is the increasing demand for electricity and the ongoing expansion of the power distribution network across the continent. Governments and private sectors in several European nations are heavily investing in the energy sector to ensure a steady and efficient energy supply. For example, the European Investment Bank has already allocated over USD 145 billion to energy projects over the past decade, boosting the demand for transformers.

As urbanization and industrialization continue to rise in Europe, the need for transformers is becoming even more critical. Several countries in the region are prioritizing clean energy technologies, increasing the need for advanced and efficient transmission systems. Additionally, the rapid adoption of electric vehicles (EVs) and smart grids is contributing to the demand for energy-efficient transformers as power systems undergo modernization to accommodate new technological advancements.
The European transformer market is also benefiting from the integration of cutting-edge technologies like artificial intelligence (AI) and the Internet of Things (IoT), which are transforming power distribution systems. These innovations are enabling the development of more efficient transformers, further driving market expansion.
In terms of market segments, the shell core segment is expected to surpass USD 8.7 billion by 2034, driven largely by the global shift towards renewable energy sources. In fact, renewable energy accounted for nearly 43% of Europe's total energy production in 2022, solidifying the region's leadership in clean energy production. The distribution transformer segment, which held more than 56.5% of the market share in 2024, remains the largest revenue contributor due to the growing energy demands linked to industrial and urban growth. As the demand for energy continues to rise across Europe, the transformer market is poised to grow even further, spurred by the need for more efficient systems to meet the region's evolving energy requirements.
Germany, one of the key players in the European transformer market, witnessed steady growth over recent years, with market values increasing year after year. Geopolitical factors and government policies aimed at optimizing electricity consumption are expected to continue influencing the demand for transformers across the region. As a result, the European transformer market is set for substantial expansion over the coming years, driven by both technological advancements and growing energy needs.
Comprehensive Market Analysis and Forecast

• Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
• Competitive landscape with Porter's Five Forces and PESTEL analysis
• Market size, segmentation, and regional forecasts
• In-depth company profiles, business strategies, financial insights, and SWOT analysis

Key Attributes:

Report Attribute	Details
No. of Pages	100
Forecast Period	2024 - 2034
Estimated Market Value (USD) in 2024	$11.5 Billion
Forecasted Market Value (USD) by 2034	$24.6 Billion
Compound Annual Growth Rate	8.1%
Regions Covered	Europe

Key Topics Covered:
Chapter 1 Methodology & Scope
1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid
1.4.2.2 Public
Chapter 2 Industry Insights
2.1 Industry ecosystem analysis
2.1.1 Vendor matrix
2.2 Regulatory landscape
2.3 Industry impact forces
2.3.1 Growth drivers
2.3.2 Industry pitfalls & challenges
2.4 Growth potential analysis
2.5 Porter's analysis
2.5.1 Bargaining power of suppliers
2.5.2 Bargaining power of buyers
2.5.3 Threat of new entrants
2.5.4 Threat of substitutes
2.6 PESTEL analysis
Chapter 3 Competitive landscape, 2024
3.1 Strategic dashboard
3.2 Innovation & sustainability landscape
Chapter 4 Market Size and Forecast, by Core, 2021-2034 (USD Million, '000 Units)
4.1 Key trends
4.2 Closed
4.3 Shell
4.4 Berry
Chapter 5 Market Size and Forecast, by Product, 2021-2034 (USD Million, '000 Units)
5.1 Key trends
5.2 Distribution transformer
5.3 Power transformer
5.4 Instrument transformer
5.5 Others
Chapter 6 Market Size and Forecast, by Winding, 2021-2034 (USD Million, '000 Units)
6.1 Key trends
6.2 Two winding
6.3 Auto transformer
Chapter 7 Market Size and Forecast, by Cooling, 2021-2034 (USD Million, '000 Units)
7.1 Key trends
7.2 Dry Type
7.2.1 Self-Air
7.2.2 Air blast
7.3 Oil Immersed
7.3.1 Self-cooled
7.3.2 Water cooled
7.3.3 Forced oil
7.3.4 Others
Chapter 8 Market Size and Forecast, by Insulation, 2021-2034 (USD Million, '000 Units)
8.1 Key trends
8.2 Gas
8.3 Oil
8.4 Solid
8.5 Air
8.6 Others
Chapter 9 Market Size and Forecast, by Rating, 2021-2034 (USD Million, '000 Units)
9.1 Key trends
9.2 - 10 MVA
9.3 > 10 MVA to ? 100 MVA
9.4 > 100 MVA to ? 600 MVA
9.5 > 600 MVA
Chapter 10 Market Size and Forecast, by Mounting, 2021-2034 (USD Million, '000 Units)
10.1 Key trends
10.2 Pad
10.3 Pole
10.4 Others
Chapter 11 Market Size and Forecast, by Application, 2021-2034 (USD Million, '000 Units)
11.1 Key trends
11.2 Residential
11.3 Commercial & industrial
11.4 Utility
Chapter 12 Market Size and Forecast, by Country, 2021-2034 (USD Million, '000 Units)
12.1 Key trends
12.2 Germany
12.3 France
12.4 Russia
12.5 UK
12.6 Italy
12.7 Spain
12.8 Netherlands
Chapter 13 Company Profiles
13.1 ABB
13.2 Celme S.r.l.
13.3 ERMCO
13.4 Elsewedy Electric
13.5 Eaton Corporation
13.6 General Electric
13.7 Hitachi Energy Ltd.
13.8 Hammond Power Solutions
13.9 HYOSUNG HEAVY INDUSTRIES
13.10 Mitsubishi Electric Corporation
13.11 ORMAZABAL
13.12 Power Transformers, Inc.
13.13 Siemens
13.14 Toshiba Energy Systems & Solutions Corporation
13.15 Voltamp

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• European Transformer Market

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