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Europe Oil Filled Distribution Transformer Market Share

Report ID: GMI2475
Published Date: Aug 2023
Report Format: PDF

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Europe Oil Filled Distribution Transformer Market Share

Some of the key participants operating across the oil filled distribution transformer market are

Hitachi ABB Power Grids
Siemens
General Electric
Toshiba Corporation
Hyosung Heavy Industries
ERMCO
Schneider Electric
Eaton

Prominent industry players are prioritizing collaboration, forging new agreements, and entering into joint ventures. However, the swift modernization of the power grid, encompassing the development of smart grids, advanced technologies, and grid energy storage, is set to propel business growth.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of oil filled distribution transformer in Europe was exceeded USD 2.9 billion in 2022 and is anticipated to reach USD 7.1 billion by 2032, owing to the ongoing investments in utility-based enterprises aimed at meeting the growing electricity demand which is expected to drive the product adoption.

The Europe oil filled distribution transformer market from the transformers rated between > 250 kVA to ? 1 MVA segment is poised to witness 5% CAGR from through 2032, driven by the expansion of the commercial and industrial sectors coupled with the adaptability of these transformers in both secondary and primary distribution networks.

The Germany oil filled distribution transformer industry is projected to expand at a notable rate of more than 9% through 2032, driven by the surging electricity demand and increased efforts to expand grid networks.

Hitachi ABB Power Grids, Siemens, General Electric, Toshiba Corporation, Hyosung Heavy Industries, ERMCO, Schneider Electric, and Eaton, among others.