A Succinct Overview of Europe Oil Filled Distribution Transformer Market With a Regional Frame of Reference, Capacity Expansion Strategies to Characterise Industry Growth Over 2018-2024

Over the recent years, Europe oil filled distribution transformer market share has been amplifying at a commendable pace owing to the expansion of cross-border distribution projects and massive investments directed toward modernizing the existing grid networks. The European Investment Bank has recently earmarked USD 5.1 billion for energy sector initiatives. The funds would be utilized to construct, expand, and revamp power generation projects across the nations such as France, Italy, Ireland, and Spain. Not to mention, Europe oil filled distribution transformer industry stands as one of the major recipients of these massive investments in the regional energy vertical. The overall industry share is forecast to surpass an annual installation of 200 thousand units by 2024.

Regional outline of the Europe oil filled distribution transformer market:

Italy :

Italy has laid favorable grounds for the expansion of effective energy networks which has, in turn, contributed toward Europe oil filled distribution transformer industry expansion. One of the most significant initiatives rolled out by Italian Government is the National Energy Strategy which aims to make the energy systems more secure, sustainable, and competitive. Instituted with core objectives such as strengthening supply security, narrowing the energy price gap, and ensuring a 28 percent share of renewables in total energy consumption by 2030, the program would undoubtedly propel Italy oil filled distribution transformer market in the times to come. The annual installation of oil filled distribution transformers across Italy is forecast to exceed 20,000 units by 2024, as per reliable estimates.

Request Sample Pages :

 Germany :

With the exponential rise in green energy projects in the nation and the synonymously increasing power generation demand, Germany holds a strong stance in terms of profitability matrix in the overall Europe oil filled distribution transformer market. The country has laid down ambitious energy transition goals in Energiewende, the revolutionary project which aims to transform Germany into an affordable energy supplier, environmentally sound, and a low carbon economy. Under the aegis of Energiewende, the nation has planned to incorporate renewable energy in half of all electricity grid network by the year 2030.

Capacity expansion bids to influence the Europe oil filled distribution transformer industry trends :

ABB (ASEA Brown Boveri), the Swedish-Swiss electrical equipment manufacturer is the most typical example of the biggies undertaking facility expansion strategies to exercise their utmost potential in the Europe oil filled distribution transformer market. In the year 2016, the multinational giant announced to expand its production capacity and scope of its facility located at Lodz, Poland. The firm aims to leverage the skill and expertise of its employees and the existing infrastructure at the Lodz factory that currently manufactures oil filled distribution transformers rated from 30 to 2,300 kVA (kilovolt amperes).

Following the construction of factories to manufacture power electronics and electric motors, which are located close to Lodz, this is the third investment of ABB in Poland over the last few years. With such a strong pipeline with reference to infrastructural development and its latest facility expansion bid, the firm has indeed established a significant stance in the Europe oil filled distribution transformer market.

The aforementioned instance of ABB clearly depicts the fiercely competitive hierarchy of Europe oil filled distribution transformer industry space. For the record, some of the other prominent contenders in this business space are General Electric, Crompton Greaves, Schneider, Mitsubishi, Toshiba, Hyosung, Siemens, Eaton, Hyundai, SGB-SMIT, Imefy, Celme, Ruhstrat, and ABB. A vital trend to watch for remains how the competitive spectrum of Europe oil filled distribution transformer industry adapts to the new technological interventions and government schemes pertaining to the power distribution sector.

All in all, driven by an escalating demand for renewable energy-based grid infrastructure and environmentally sustainable T&D networks, the Europe oil filled distribution transformer market share is bound to proliferate at a remarkable pace in the years to come. In terms of commercialization, the Europe oil filled distribution transformer industry is estimated to surpass the billion-dollar benchmark by 2024, registering a valuation of USD 1.4 billion.

Source :

New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site

Europe Oil Filled DistributionEurope oil filled distribution transformer marketEurope Oil Filled Distribution Transformer

More items from maheshg

Oil Refining Market to Witness Massive Demand From the Booming Transportation Sector, Global Consumption to Surpass 100 MBPD by 2024

The significant increase in exploration of oil and gas resources elevated the  oil refining market  to a valuation of more than USD 6 trillion in 2017, with vast investments being done to match the refinery and oil extraction capacities. A stability in the prices of crude oil is being observed gl ...

Mahesh Gore

Posted 1 year agoOpinion > Oil Refininglatest oil and gas news

Carbon Capture and Storage Market to be Driven by a Slew of Governmental Initiatives Regarding Sustainable Energy Programs Over 2017-2024

The globally prevalent trend to reduce carbon emissions is a vitally imperative fact that has been driving  carbon capture and storage market . Perpetually impelled by the urgent requirement to brainstorm newer methodologies to uphold energy efficiency, numerous governmental bodies across the glo ...

Mahesh Gore

Posted 2 years agoOpinion > Carbon Capture and Storage MarketCarbon Capture and StorageCarbon Capture and Storage industry +2

Offshore Support Vessel Market to Reach a Fleet Count of Over 8000 by 2024, Driven by the Rising Number of Hydrocarbon Reserves and O&G Exploration Activities

The exponential rise in oil prices, till date, stands as a major driving force for  offshore support vessel market . That said, it would be imperative to state that apart from oil prices, the increase in oil and gas exploration activities, depleting onshore fuel resources, and the increasing deep ...

Mahesh Gore

Posted 2 years agoPress > Offshore support vessel marketOffshore support vesselOffshore support vessel market size +2

Gas Pipeline Infrastructure Market to Accrue Maximum Revenue Via Onshore Applications Over 2017-2024, U.S. to Majorly Contribute Toward the Regional Demand

The latest buzz that the U.S.  gas pipeline infrastructure market  is ablaze with is Williams Pipeline Partners' approval application for its Transco natural gas pipeline project with FERC (Federal Energy Regulatory Commission). The former, a key provider of energy infrastructure in the U.S., aim ...

Mahesh Gore

Posted 2 years agoOpinion > United StatesGas Pipeline InfrastructureNatural Gas Pipeline

Oil Storage Market Outlook: High crude oil production sufficing high energy needs to propel the industry growth

Growing crude oil production along with rising exploration activities to explore renewable energy sources will stimulate oil storage market size over the coming eight years.   The industry players are expanding their oil storage capacities and improving road infrastructure facilities to match the p ...

Mahesh Gore

Posted 2 years agoPress > Oil Storage MarketOil StorageOil Storage Growth Drivers +2
All posts from maheshg