Analysis of the 2024 French Power Transformer Market
Writer： Hengfeng you electric Time：2024-05-14 views：times
From the perspective of global development, with the continuous growth of global electricity demand, the demand from developing countries and other emerging markets is extremely significant, which is an important opportunity to drive the growth of the transformer market. At the same time, the promotion of active ecological policies accelerates the global energy transformation, especially the rapid development and integration of renewable energy, as power transformers play a crucial role in connecting renewable energy power plants with the grid, which has a positive impact on the transformer market.
From a national perspective, developed countries are facing the problem of aging power grids, and upgrading with technology has become an urgent need to improve efficiency and safety at all levels of the country. As one of the developed countries, Europe naturally cannot avoid it. As one of the major economic powers in Europe, France has a relatively high level of development in its power transformer market, and its market share accounts for a large proportion of the European market. It is one of the important transformer manufacturing and sales centers in Europe. Therefore, this article will be discussed by Daisy, the sales manager of Hengfengyou Electric, using France as an example:
1、 Market size and growth:
The EU currently invests approximately 23 billion euros annually in expanding its distribution network to support the integration of new energy. Meanwhile, according to a report by the European Electricity Industry Association (Euroelectric), in order to achieve the EU's climate goals, Europe should increase its annual investment in distribution networks to 38 billion euros by 2030; Moreover, according to the report by Moder Intelligence, the size of the European power transformer market is expected to increase from $2.71 billion in 2023 to $3.43 billion in 2028, with a compound annual growth rate of 4.84% during the forecast period (2023-2028). So the French power transformer market is relatively large and showing a steady growth trend. This will continue to grow with the development of the economy and the increase in electricity demand, and the French power transformer market is expected to achieve sustained growth. The 500-2500 KVA market may occupy an important share in the European distribution transformer market.
2、 Main suppliers in the market: The main suppliers in the French power transformer market include ABB, Schneider Electric, GE, Siemens, Alstom, and other companies. Among them, ABB is the leader in the French transformer market, with a market share of about 20% in France. In addition, there are some local transformer manufacturers in France, such as EUROPTRONICS, LUCY ELECTRIC, AREVA, etc. Of course, there are also Chinese electrical companies like Hengfengyou Electric. Hengfengyou Electric has already outsourced production to multiple local enterprises, producing low-voltage distribution boxes, 20kV series oil immersed transformers, and other products.
3、 Market standards and regulations:
France has strict technical requirements for power transformers, including rated voltage, capacity, short-circuit impedance, temperature rise, noise, partial discharge, insulation resistance, and other indicators. These standards and specifications ensure the quality and safety of products in the French power transformer market.
4、 Market competition pattern:
The French power transformer market is highly competitive, with major suppliers enhancing their market competitiveness through technological innovation, product quality, and service levels. In addition, with the continuous development of smart grids and smart transformers, the competition in the French power transformer market will become more intense in the future.
5、 Development trend:
In the future, the French power transformer market will continue to maintain a growth trend. On the one hand, with the development of the economy and the increase in electricity demand, the demand for power transformers in France will continue to grow; On the other hand, with the continuous development of smart grids and smart transformers, the future French power transformer market will pay more attention to the intelligence and efficiency of products.
In summary, the French power transformer market has a large scale and fierce competition, but the market prospects are broad. In the future, with the development of the economy and the continuous advancement of smart grids, the French power transformer market is expected to achieve sustained growth.
