The Europe distribution transformer market is expected to rise at a CAGR of around 2.5% during the forecast period of 2021-2026. With the COVID-19 pandemic, the sector witnessed a major negative impact with delays in various power distribution projects. Further, manufacturers experience challenges for procurement of raw material, for which production was significantly impacted in 2020. Factors such as increasing energy demands from the industries and upgrading old transmission and distribution systems are likely to drive the Europe transformer market. However, fluctuations in the price of raw material needed for the manufacturing of distribution transformers are expected to restrain the Europe transformer market.
The Europe distribution transformer market is fragmented. Some of the major players in the market include Hitachi ABB Power Grids, Siemens Energy AG, Eaton Corporation PLC, Schneider Electric SE, and General Electric Company among others.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook