United Kingdom Dry Type Transformer Market Size, Share, Opportunities, COVID-19 Impact And Trends By Type (Cast Resin, Vacuum Pressure Impregnated), By Voltage (Low, Medium), By Phase (Single Phase, Three Phase), And By End-User Industry (Energy And Power, Cement, Metallurgical Mining, Pulp And Paper, Petrochemical, Others) - Forecasts From 2021 To 2026

Published:  Dec 2021 Report Code: KSI061611299 Pages: 114

The UK dry type transformer market is projected to witness a compound annual growth rate of 1.06% to grow to US$221.941 million by 2026, from US$206.129 million in 2019. The market is expected to surge in the country, due to the rise in the adoption of dry-type transformers for industrial, utility, and commercial applications. The growth in the country’s manufacturing and industrial sector is expected to play a key role in the demand for dry-type transformers. According to the data given by the UK’s government, the country has been the 9th biggest manufacturing nation, globally. The increasing electricity consumption in the country is also expected to play an imperative role in the market growth, during the forecast period. Major firms and corporations have been making a significant impact in the market. For instance, ATL Transformers, one of the key players in the market, has been providing large and small dry-type transformers for a variety of applications. The company has been offering a wide range of aluminum and copper dry-type transformers. Other players have been offering a wide range of solutions for the industries as well as commercial purposes. For instance, Wilson Power Solutions has been providing advanced and high-quality dry-type transformers for various industrial players in the country. With the rise in the investment to develop advanced and innovative solutions, the market is expected to surge at an exponential rate, in the coming years. 

united kingdom dry type transformer market

Increasing Electricity Consumption

The market is expected to surge in the coming years, due to the rise in electricity demand and consumption in the country. According to the data given by the UK government, total electricity consumption had been around 350 TWh in 2019. The electricity demand is expected to surge due to the growth in the country’s industrial sector. In the aftermath of the announcement of Brexit, the UK’s government had committed to enhance and grow the country’s industrial sector. The government has committed to invest a significant sum of capital into the adoption and growth of renewable energy. Solar and wind energy are expected to become a major source of electricity generation in the coming years. According to the data given by the UK’s government, wind power had been contributing around 24.8% of the country’s total electricity. Several companies have been offering and providing solutions for the wind power sector. For instance, Hitachi Energy, a key player in transformer and other applications, has been offering a wide range of dry-type transformers for offshore and onshore wind applications in the country. With the development of these novel trends and advancements, the market is expected to surge at an exponential rate, in the coming years.

COVID-19 Impact on United Kingdom Dry Type Transformer Market

The United Kingdom dry type transformer market had been growing at a healthy pace before the outbreak of the COVID-19 pandemic. The growth of industrial, utility and commercial markets has been some of the reasons for the United Kingdom dry transformer market growth. However, the pandemic had a negative impact on the United Kingdom dry type transformer market due to a halt in the operations of various end-use industries during the pandemic. To spread the curb of the coronavirus, a limited number of people were allowed to gather at a particular place, which led to a shortage of laborers even after the lifting of the lockdown. Moreover, the travel restrictions around the world led to supply chain disruption for the material, which further broke the back of the market amid the pandemic situation. The industrial sector which uses a fair share of dry type transformers witnessed a sizeable decline. As per data from the World Bank, the value-added by industry in the United Kingdom decreased from US$504.796 billion in 2019 to US$458.050 billion in 2020, witnessing a decline of 9.26%. Thus, the projection for UK dry type transformer market in the COVID-19 scenario is significantly revised downwards

United Kingdom Dry Type Transformer Market Scope:

Report Metric Details
 Market size value in 2019  US$206.129 million
 Market size value in 2026  US$221.941 million
 Growth Rate  CAGR of 1.06% from 2019 to 2026
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Million
 Segments covered  Type, Voltage, Phase, And End Users Industry
 Companies covered  Wilson Power Solutions, UP Systems, Transformers & Rectifiers Ltd., OTDS UK   Ltd., FT Transformer Ltd.
 Customization scope  Free report customization with purchase

 

Key Market Segments

  • By Type
    • Cast Resin
    • Vacuum Pressure Impregnated
  • By Voltage
    • Low
    • Medium
  • By Phase
    • Single Phase
    • Three Phase
  • By End Users Industry
    • Energy & Power
    • Cement
    • Metallurgical Mining
    • Pulp & Paper
    • Petrochemical
    • Others

1. INTRODUCTION
1.1. Market Definition
1.2. Market Segmentation


2. RESEARCH METHODOLOGY  
2.1. Research Data
2.2. Assumptions


3. EXECUTIVE SUMMARY
3.1. Research Highlights


4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis


5. UK DRY TYPE TRANSFORMER MARKET BY TYPE 
5.1. Introduction
5.2. Cast Resin
5.3. Vacuum Pressure Impregnated


6. UK DRY TYPE TRANSFORMER  MARKET BY VOLTAGE
6.1. Introduction
6.2. Low
6.3. Medium


7. UK DRY TYPE TRANSFORMER  MARKET BY PHASE 
7.1. Introduction
7.2. Single Phase
7.3. Three Phase


8. UK DRY TYPE TRANSFORMER MARKET BY END-USER INDUSTRY 
8.1. Introduction
8.2. Energy & Power
8.3. Cement
8.4. Metallurgical Mining
8.5. Pulp & Paper
8.6. Petrochemical
8.7. Others


9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix


10. COMPANY PROFILES
10.1. Wilson Power Solutions
10.2. UP Systems
10.3. Transformers & Rectifiers Ltd.
10.4. OTDS UK Ltd.
10.5. FT Transformer Ltd.

Wilson Power Solutions

UP Systems

Transformers & Rectifiers Ltd.

OTDS UK Ltd.

FT Transformer Ltd.

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