Increasing Demand for Oil filled Type Distribution Transformer to Fuel Europe Oil Filled Type Distribution Transformer Market Growth During Forecast Period
Products in oil filled type distribution transformer market are known for their reliability and efficiency in power distribution. These efficiently step down high voltage from transmission lines to lower voltage levels suitable for distribution to residential, commercial, and industrial consumers. Products in oil filled type distribution transformer market are well-suited for outdoor installations, making them ideal for substations and power distribution systems. It can endure harsh environmental conditions and provide adequate cooling, ensuring optimal performance even in high-temperature environments. The increasing demand for liquid-filled transformers in Europe has emerged as a significant driver contributing to the overall market growth of Oil filled distribution transformers. Europe has been witnessing significant infrastructure development in power transmission and distribution networks. As the electricity demand continues to increase, upgrading and expanding the existing infrastructure is necessary. Europe consists of several aging power infrastructure components, including distribution transformers. As these transformers reach the end of their operational life, there is a need for replacement and upgradation. Products in oil filled type distribution transformer market are often chosen as a reliable and cost-effective solution. In April 2023, Hitachi Energy invested significantly in Lodz, Poland, to enhance transformer insulation fluids’ quality, reliability, and energy efficiency. The introduction of new transformer insulation fluid treatment equipment has increased the speed of the treatment process three-fold. This improvement ensures the delivery of the highest quality and reliable transformer insulation fluids while also accomplishing a 30% increase in energy efficiency. Furthermore, these advancements align with the highest sustainability standards in the industry. All of these contributes to the growth of the market.
Europe Oil Filled Type Distribution Transformer Market: Industry Overview
The Europe Oil Filled Type Distribution Transformer Market is segmented into power rating, mounting, phase, and application. Based on power rating, the market is segmented into below 500 kVA, 501 kVA–2,500 kVA, and above 2,500 kVA. By mounting, the market is segmented into pad-mounted and pole-mounted. In terms of the phase, the market is segmented into a single phase and three phase. Based on application, the market is segmented into residential and commercial, industrial, and utility.
The Europe oil filled type distribution transformer market is characterized by a strong presence of grid transformers, which are extensively utilized for power distribution across the region. These transformers are filled with insulating oil, typically mineral oil, that aids in cooling and insulation. Products in oil filled type distribution transformer market offer several advantages over dry-type transformers. They can handle higher power loads, possess a longer lifespan, and are more suitable for outdoor installations. Moreover, products in oil filled type distribution transformer market are renowned for their robustness and reliability, making them the preferred choice for various European applications.
According to Eurelectric, ~98–99% of customers in Europe are connected to the distribution grid, which consists of the interconnected network responsible for delivering electricity to households and businesses. Distribution networks consist of a series of interconnected smaller roads and paths that facilitate the delivery of electricity to its ultimate destination, in contrast to transmission systems that function as the primary “highways” for electricity. These distribution networks are linked to the transmission systems through approximately 10,700 interconnection points. In total, Europe possesses over 4 million distribution transformers that facilitate the efficient distribution of electricity across the continent.
The key players in the market offer a diverse range of oil-filled transformers with varying capacities and specifications to meet the diverse needs of the consumers in European market. In conclusion, the European oil-filled type distribution transformer market is primarily dominated by oil-filled transformers due to their superior performance and suitability for outdoor installations. However, the market also observes the presence of dry-type transformers, which cater to specific customer requirements and environmental considerations. The market is highly competitive, with significant players offering various transformer solutions to meet Europe’s increasing demand for efficient and reliable power distribution.
Europe Oil Filled Type Distribution Transformer Market: Competitive Landscape and Key Developments
CG Power & Industrial Solutions Ltd; Eaton Corp Plc; General Electric Co; Hitachi Ltd; Hyosung Heavy Industries; Imefy Sl; Ormazabal Electric SLU; Schneider Electric SE; Siemens AG; and SGB-SMIT GmbH are among the leading market players profiled in the Europe Oil Filled Type Distribution Transformer Market report. Several other essential market players were analyzed for a holistic view of the market and its ecosystem. The report provides detailed market insights, which help the key players strategize their market growth. A few developments are mentioned below:
- In July 2021, Imefy obtained the homologation of the entire power range of oil distribution transformers in the French state company Enedis. These official Employment Authorizations received correspond to the latest Enedis technical specifications and strictly comply with the European Eco Design Tier2 regulation of 2021 that comes into force on 01.07.2021.
- In September 2021, The signing ceremony of the wind power oil-immersed transformer cooperation project between SGB-SMIT Group and Crrc Zhuzhou Electric Jiangsu Co., Ltd. took place in Zhuzhou, China and Regensburg, Germany.
- In January 2023, Murugappa group company CG Power and Industrial Solutions Ltd. (CGPISL) announced it would enhance the manufacturing capacity of its Power Transformers and Distribution Transformers units at Malanpur and Bhopal.
- In April 2023, Hyosung Heavy Industries announced that it achieved 3.5101 trillion won (US$2.6752 billion) in sales and 143.2 billion won (US$109.1 million) in operating profit in 2022, thanks to a surge in global demand for power generation equipment. This represented an increase of 23.1 billion won (US$17.6 million) in operating profit compared to 2021. The company expects continued growth due to an increase in new power generation sources and growing demand for transmission and distribution in the global power market.