Europe: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA in Europe

In 2022, after four years of growth, there was significant decline in the Europe market for electrical transformers with liquid dielectric, of power handling capacity under X kVA, when its value decreased by -5.8% to $X. Overall, consumption, however, enjoyed resilient growth. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under X kVA in Europe

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity under X kVA fell sharply to $X in 2022 estimated in export price. Over the period under review, production recorded a resilient increase. The growth pace was the most rapid in 2021 when the production volume increased by 170% against the previous year. As a result, production attained the peak level of $X, and then fell significantly in the following year.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Exports in Europe

In 2022, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by -6.6% to X units for the first time since 2016, thus ending a five-year rising trend. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2021 with an increase of 448%. As a result, the exports reached the peak of X units, and then reduced in the following year.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA totaled $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 14% against the previous year. The level of export peaked at $X in 2014; afterwards, it flattened through to 2022.

Exports by Country

The Netherlands (X units), Italy (X units), the Czech Republic (X units), Hungary (X units), Spain (X units), Germany (X units), France (X units) and Poland (X units) represented roughly 83% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Hungary (with a CAGR of +52.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity under X kVA supplier in Europe, comprising 27% of total exports. The second position in the ranking was held by Italy ($X), with a 9.6% share of total exports. It was followed by France, with a 7.2% share.

In Germany, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by an average annual rate of -2.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (-0.8% per year) and France (+0.2% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per unit, surging by 8% against the previous year. In general, the export price, however, showed a abrupt contraction. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, 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 (-7.0%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Imports in Europe

In 2022, after six years of growth, there was significant decline in overseas purchases of electrical transformers with liquid dielectric, of power handling capacity under X kVA, when their volume decreased by -11.8% to X units. In general, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 333% against the previous year. As a result, imports reached the peak of X units, and then contracted in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA expanded significantly to $X in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

Hungary was the major importing country with an import of about X units, which amounted to 41% of total imports. The Netherlands (X units) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Italy (14%) and Germany (7.8%). The following importers - Poland (X units), Sweden (X units), Spain (X units) and France (X units) - together made up 8.9% of total imports.

Hungary was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity under X kVA imports, with a CAGR of +57.4% from 2012 to 2022. At the same time, the Netherlands (+45.8%), Italy (+27.2%), Sweden (+20.8%), Spain (+16.6%), Poland (+5.4%) and France (+3.8%) displayed positive paces of growth. By contrast, Germany (-2.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Hungary, the Netherlands and Italy increased by +39, +14 and +7.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity under X kVA in Europe, comprising 26% of total imports. The second position in the ranking was taken by Italy ($X), with a 7.4% share of total imports. It was followed by France, with a 6.9% share.

In Germany, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA expanded at an average annual rate of +2.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (+4.5% per year) and France (-1.1% per year).

Import Prices by Country

The import price in Europe stood at $X per unit in 2022, growing by 23% against the previous year. In general, the import price, however, recorded a abrupt decline. The growth pace was the most rapid in 2013 an increase of 24%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices failed to regain momentum.

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 France ($X per unit), while Hungary ($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 (+5.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform