EU: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2025

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in the EU

The EU market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA rose slightly to $X in 2022, growing by 3.1% against the previous year. Overall, consumption enjoyed a significant increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over X kVA in the EU

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when the production volume increased by 41% against the previous year. As a result, production attained the peak level of $X, and then dropped in the following year.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Exports in the EU

In 2022, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kva in the European Union was estimated at X units, with an increase of 2.1% against the previous year's figure. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 90,410% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2018 when exports increased by 53%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

The Netherlands prevails in kVA structure, finishing at X units, which was approx. 77% of total exports in 2022. Italy (X units) ranks second in terms of the total exports with a 9.5% share, followed by Germany (5.8%). The following exporters - Denmark (X units), Spain (X units) and France (X units) - together made up 6.6% of total exports.

The Netherlands was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exports, with a CAGR of +178.8% from 2012 to 2022. At the same time, Denmark (+74.7%), Italy (+67.8%), France (+58.3%), Germany (+56.6%) and Spain (+47.6%) displayed positive paces of growth. The Netherlands (+75 p.p.) significantly strengthened its position in terms of the total exports, while Denmark, France, Italy, Spain and Germany saw its share reduced by -1.6%, -5.1%, -12.7%, -15.7% and -21.3% from 2012 to 2022, respectively.

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplying countries in the European Union were Italy ($X), Germany ($X) and Spain ($X), together comprising 66% of total exports.

Italy, with a CAGR of +4.4%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, growing by 21% against the previous year. Overall, the export price, however, faced a significant decrease. The most prominent rate of growth was recorded in 2021 an increase of 54%. Over the period under review, the export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-34.4%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Imports in the EU

Imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA rose significantly to X units in 2022, growing by 5.9% on the previous year's figure. In general, imports showed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 622,728%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022. Total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.7% against 2020 indices. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands dominates kVA structure, accounting for X units, which was near 89% of total imports in 2022. Sweden (X units) and Germany (X units) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity over X kVA imports, with a CAGR of +222.2% from 2012 to 2022. At the same time, Sweden (+88.4%) and Germany (+74.9%) displayed positive paces of growth. While the share of the Netherlands (+87 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sweden (-14.4 p.p.) and Germany (-19.6 p.p.) displayed negative dynamics.

In value terms, Germany ($X) constitutes the largest market for imported electrical transformers with non-liquid dielectric, of power handling capacity over X kVA in the European Union, comprising 22% of total imports. The second position in the ranking was held by Sweden ($X), with a 7.1% share of total imports.

In Germany, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA expanded at an average annual rate of +1.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Sweden (+0.9% per year) and the Netherlands (+13.4% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, surging by 31% against the previous year. In general, the import price, however, continues to indicate a dramatic downturn. The growth pace was the most rapid in 2021 when the import price increased by 160% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-41.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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