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Latest report on Europe's power transformers market that is expected to be worth $2.78 billion by 2020, growing at a CAGR of 3.6%

In the European economies such as Germany and Italy, the installed capacity is higher than other parts of Europe due to which these economies have a larger share in power transformer market. Thus, replacement of old electric power equipment in mature economies of Europe and a boost for high voltage power transformers drive the power transformer market in Europe.

The report “Europe Power Transformer Market by Primary Voltage kV (Low, Medium, High, Extra-High), End User (Utility Companies, Industries, Commercial/Institutional Establishments), Geography (Russia, Germany, UK, France, Italy & Others) - Forecast to 2020”, the Europe power transformers market is estimated to grow from $2.34 billion in 2015 to $2.78 billion by 2020 at a CAGR of 3.6% from 2015 to 2020.

Browse through the TOC of the Europe Power Transformer Market for an analysis of industry trends and segments, with the help of various tables and figures.

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Power transformers process thousand watts of power every day and are mainly used for power generation, transmission and distribution system to increase or decrease the voltage level up to the desired level.

The electric power system in Europe comprises the generation and the transmission and then the sub transmission. At the end use level the voltage standard is 220/240 V for single phase and 380/440 V for three phase and for other subsystems there is no uniformity in Europe.

In mainland Europe, the voltage level is between 10-30 kV.

Throughout Europe extra high voltage and high voltage transmission is mostly common.

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This market is segmented and forecast on the basis of primary voltage (low, medium, high and extra high), application (utility Companies, industries, and commercial/institutional establishments) and country. The market is further segmented and forecast on the basis of major geographies such as Russia, Germany, U.K., France and Italy.

This report also includes the market share, supply chain and value chain analyses, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of key players in the market including major companies.

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