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Europe Transformer Market Share

Report ID: GMI6687
Published Date: Nov 2024
Report Format: PDF

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Europe Transformer Market Share

Europe Transformer Market Revenue Share, By Application, 2024

ABB is a major player in the Europe transformer industry, providing an extensive selection of electrical equipment, from standard to custom designs. With a robust position in the electrical sector, ABB consistently supplies tailored bushing solutions to meet diverse application needs.

Europe Transformer Market Companies

Major key players operating across the Europe transformer industry are:

ABB
Arteche
Celme
CG Power and Industrial Solutions
Daihen
Eaton
Elsewedy Electric
General Electric
Hyosung Heavy Industries
Kirloskar Electric Company
Imefy Group
Mitsubishi Electric
Ormazabal
Pfiffner Group
Schneider Electric
Siemens Energy
Toshiba International
Trench Group

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The European market for transformer was reached USD 11.3 billion in 2024 and is projected to grow at a CAGR of over 8.5% from 2025 to 2034, driven by the EUs commitment to decarbonization and renewable energy adoption.

The closed core segment is expected to exceed USD 8.2 billion by 2034, due to the EUs Eco-Design Directive and energy efficiency standards that drive the adoption of transformers with lower energy losses.

The utility segment is anticipated to grow at a CAGR of over 7.3% through 2034, fueled by Europes strong commitment to renewable energy sources like wind and solar power.

The Germany transformer market is projected to surpass USD 3.1 billion by 2034, driven by the need for transformers that support decentralized energy systems and bi-directional power flow.

Key players in the Europe transformer industry include ABB, Arteche, Celme, CG Power and Industrial Solutions, Daihen, Eaton, Elsewedy Electric, General Electric, Hyosung Heavy Industries, Kirloskar Electric Company, Imefy Group, Mitsubishi Electric, Ormazabal, Pfiffner Group, Schneider Electric, Siemens Energy, Toshiba International, and Trench Group.