France dry type transformer market is projected to witness a CAGR of 2.55% to grow to US$151.715 million by 2028 from US$127.161 million in 2021.
A dry-type transformer is a magnetic core transformer developed on relatively new technology that employs natural or forced air cooling rather than oil. Dry-type transformers, instead of liquid fill transformers, utilize environmentally friendly and only high-temperature insulation techniques. It has no moving parts. Thus it requires less maintenance while providing dependability and a long life cycle. These transformers are completely risk-free; they can be easily installed in hospitals, schools, factories, chemical plants, and other structures where fire safety is a top priority.
Companies are making huge investments in dry type transformers. For instance, Siemens Energy introduced an innovative dry-type single-phase transformer for pole applications in April 2022. Hitachi Energy introduced a plug-and-play dry-type traction transformer with an integrated cooling system in September 2022 to lower CO2 emissions and total running expenses while enhancing energy efficiency.
Growing demand for electricity and renewable energy.
During the forecast period, the market is expected to be driven by rising electricity demand, the incorporation of renewable-based power generation, and increased investments in the transmission and distribution (T&D) network. Machinery with varying voltage requirements is used in sectors ranging from large to small. Because fire safety is important in these industries, some have specialized voltage requirements, such as oil and gas, mining, and marine. France has pledged to boost the adoption of renewable energy generation in total electricity produced to minimize reliance on coal-based electricity generation. Due to their safety and design features, dry-type transformers are replacing wet transformers in the renewable energy sector. The French market is driven by its widespread application in power distribution. The expansion of the power distribution network, as well as fast industrialization in Paris and Strasbourg, is projected to fuel the growth of the dry type transformer market. Machinery with varying voltage requirements is used in sectors ranging from large to small.
The cast resin dry type transformer segment is expected to hold a considerable market share.
The French dry type transformers market is divided into cast resin and vacuum pressure impregnated by type. Cast resin transformers are known for their excellent moisture resistance properties, making them well-suited for applications in both indoor and outdoor environments. Moreover, they offer enhanced safety features compared to other types of transformers. They are self-extinguishing and have low flammability, reducing the risk of fire hazards. The stringent safety regulations and increased focus on fire safety in various industries are driving the adoption of cast resin transformers.
Additionally, cast resin transformers are known for their high energy efficiency, which helps reduce energy consumption and operating costs. They also do not contain oil or other hazardous substances, making them environmentally friendly. The increasing emphasis on energy efficiency and environmental sustainability is a significant growth factor for the cast resin segment.
Energy and power is the dominant end-user segment.
By end-user industry, France's dry type transformer market is segmented as energy and power, cement, metallurgical mining, pulp and paper, petrochemical, marine, and others. These transformers are designed to convert the energy generated by these sources into usable electrical power for homes, businesses, and industries. On the other hand, the power segment includes transformers used in traditional power systems, such as electric utilities and industrial applications. These transformers are designed to manage the distribution and transmission of electrical power at various voltage levels, ensuring the efficient and safe delivery of electricity to end users. The demand for dry-type transformers in the power segment is driven by the need for energy-efficient and environmentally friendly solutions and the increasing demand for a reliable and secure power supply.
Government initiatives and policies are further driving the growth of the energy and power segment in the France dry type transformers markets such as government initiatives and policies. The French government has implemented several initiatives and policies to promote the adoption of renewable energy sources and increase energy efficiency. These policies include subsidies, tax incentives, and regulations that require using energy-efficient technologies, such as dry-type transformers. According to the International Energy Agency, as part of France's 2030 national investment plan, EUR 1 billion will be invested by the French government towards renewable energy innovation projects. The main aim behind this investment revolves around increasing the renewable power installed capacity by ten times by 2050 to up to 100GW.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2021 | US$127.161 million |
| Market Size Value in 2028 | US$151.715 million |
| Growth Rate | CAGR of 2.55% from 2021 to 2028 |
| Base Year | 2021 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Million |
| Segments Covered | Type, Voltage, Phase, and Application |
| Companies Covered | Schneider Electric SE, WEG, ABB Group, Siemens AG, SGB SMIT, SANERGRID Group, Hitachi Energy Ltd. |
| Customization Scope | Free report customization with purchase |
Market Segmentation: