Europe LV/MV Transformers market stood at $ 1.3 billion in 2018 and is projected to grow at a CAGR of around 4.6% to reach $ 1.7 billion by 2024

NEW YORK, July 8, 2019 /PRNewswire/ --

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Europe LV/MV Transformers market stood at $ 1.3 billion in 2018 and is projected to grow at a CAGR of around 4.6% to reach $ 1.7 billion by 2024, on account of rising technological advancements in transformers and integration of transformer monitoring systems in power systems. Moreover, government initiatives and schemes such as subsidies and incentives by governments of various countries for installation of solar power energy in order to reduce carbon emissions are further expected to boost demand for LV/MV transformers in the region. Moreover, establishment of various new trans-European energy networks along with integration of wind and other renewable energies are anticipated to further propel demand for LV/MV Transformers across Europe during forecast period.

Years considered for this report:

Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024

Objective of the Study:

• To analyze and forecast Europe LV/MV Transformers market size.
• To define, classify and forecast Europe LV/MV Transformers market based on type, configuration, application and country.
• To scrutinize the detailed market segmentation and forecast the market size based on country by segmenting Europe LV/MV transformers market into eight countries namely, Germany, Russia, France, United Kingdom, Poland, Italy, Spain, and Switzerland.
• To identify drivers and challenges for Europe LV/MV transformers market.
• To evaluate product pricing and trends in Europe LV/MV transformers market.
• To strategically profile leading players operating in Europe LV/MV transformers market.
Some of the major players operating in Europe LV/MV transformers market are ABB Ltd., Siemens AG., General Electric, CG Power and Industrial Solutions Limited, Schneider Electric SE, Eaton Corporation plc, Legrand SA, Mitsubishi Heavy Industries, Ltd., Hitachi Ltd., among others.
The analyst performed primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of power transformer manufacturers and suppliers in Europe.

Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.

Through this technique, the analyst was able to include manufacturers that could not be identified due to the limitations of secondary research. The analyst examined product offerings, end users, and regional presence of all major LV/MV transformer manufacturers across the region.
The analyst calculated Europe LV/MV transformers market size by using a bottom-up approach, wherein manufacturers' value sales data for different types was recorded as well as forecast for the future years. The analyst sourced these values from industry experts and company representatives, and these were externally validated through analyzing historical data of LV/MV transformers market to arrive at the overall market size.

Various secondary sources such as company website, company annual reports, press releases, white papers, investor presentations and financial reports were also studied by the analyst.

Key Target Audience:

• LV/MV transformer manufacturers, suppliers and end users
• Research organizations and consulting companies
• Associations, organizations and alliances related to LV/MV transformers
• Government bodies such as regulating authorities and policy makers
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as LV/MV transformer manufacturers, distributors, dealers and policy makers. The study would also help them in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.

Report Scope:

In this report, Europe LV/MV transformers market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Market, by Type:
o Dry
o Oil Immersed
o VPI
• Market, by Configuration:
o Single Phase
o Three Phase
• Market, by Application:
o Building Establishment
o Civic Infrastructure
o Industrial
o Others
• Market, by Country:
o Germany
o Russia
o France
o United Kingdom
o Poland
o Italy
o Spain
o Switzerland

Competitive Landscape

Company Profiles: Detailed analysis of the major companies operating in Europe LV/MV transformer market.

Available Customizations:

With the given market data, we offers customizations according to the company's specific needs. The following customization options are available for the report:
Channel Partner Analysis
• Detailed list of distributors and dealers across the region

Company Information

• Detailed analysis and profiling of additional market players (up to five).
Product Information
• Detailed analysis of new products in the market and their driving forces in the market.

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