Europe Distribution Transformer Market: Introduction
The distribution transformer market in Europe was valued at US$ 3.5 Bn in 2019 and is anticipated to expand at a CAGR of 6.5% during the forecast period. Based on insulation, the liquid segment held dominant share of the distribution transformer market in Europe in 2019. In terms of insulation type, the replacement segment accounted for a larger share of the distribution transformer market in Europe in 2019. Power failures have been rising due to the aging power grids. This calls for replacement of distribution transformers. Based on type, the three phase segment constituted significant share of the distribution transformer market in Europe in 2019, as three phase transformers are efficient, cost effective, more stable & reliable, and easier to conduct parallel operations vis-à-vis the single phase transformers.
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In terms of power rating, the 0-200 kVA segment occupied large share of the distribution transformer market in Europe in 2019. These transformers are primarily used outdoors. Based on winding material, the copper segment accounted for major share of the distribution transformer market in Europe 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 distribution transformer market in Europe in 2019. Utilities are owned by governments. They are the major producers and distributors of electricity in Europe.
Based on the mounting, the pad segment accounted for key share of the distribution transformer market in Europe in 2019. Pad mounting transformers are safe and reliable, as they have enclosed cabinets. The distribution transformer market in the U.K. is likely to expand at a substantial pace during the forecast period, owing to high investments in power industry in the country.
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