Europe Cast Resin Transformer Market Growth and Analysis 2034
Europe Cast Resin Transformer Market Growth, Size, Trends Analysis - By Winding, By Rating, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Aug-2025 | Report ID: POAE25146 | Pages: 1 - 269 | Formats*: |
| Category : Power & Energy | |||
Europe Cast Resin Transformer Market Introduction and Overview
According to SPER Market Research, the Europe Cast Resin Transformer Market is estimated to reach USD 2848.88 million by 2034 with a CAGR of 10.93%.
The report includes an in-depth analysis of the Europe Cast Resin Transformer Market, including market size and trends, product mix, Applications, and supplier analysis. The Europe Cast Resin Transformer Market was assessed at USD 1009.68 million in 2024 and is projected to expand at a CAGR exceeding 10.93% from 2025 to 2034. This growth is primarily attributed to the rising focus on integrating renewable energy, initiatives for grid modernization, investments in the electricity grid, and the increasing demand for dependable and efficient power distribution systems.
By Winding Insights
In 2024, the market share of two winding cast resin transformers was the largest. The market for cast resin transformers with two-winding configurations is experiencing significant growth, driven by the increasing demand for dependable and efficient power distribution solutions. The growth is further propelled by the expanding renewable energy sector, modernization of infrastructure, and strict energy efficiency regulations that enhance product penetration.
Moreover, innovations in insulation materials and manufacturing techniques lead to better performance and durability of transformers. The surge in smart grid implementations and digitalization initiatives also accelerates market growth. As the focus on sustainable energy solutions intensifies, the demand for two-winding cast resin transformers is anticipated to continue its steady rise.
By Application Insights.
In terms of application, the industrial sector is expected to have the largest CAGR till 2034. Cast resin transformers provide numerous benefits across various industries, such as exceptional moisture resistance, lower fire hazards, and improved environmental safety due to their self-extinguishing characteristics. They require minimal maintenance, exhibit high mechanical strength, and operate quietly, making them suitable for indoor use. Additionally, cast resin transformers are compact and lightweight, which simplifies transportation and installation. With outstanding thermal performance and reliability, they ensure efficient power distribution in diverse industrial environments while adhering to strict environmental regulations.
Regional Insights
In 2024, the UK led the cast resin transformer market, propelled by heightened investments in renewable energy infrastructure, grid modernization efforts, and the advancement of smart grid technologies. The demand is further enhanced by the necessity for reliable and efficient power distribution systems across various sectors, including renewable energy, manufacturing, utilities, and infrastructure. Additionally, the focus on environmental sustainability and adherence to energy efficiency regulations also plays a role in the market's growth.
Market Competitive Landscape
General Electric holds a substantial market share in the cast resin transformer sector in Europe, owing to its extensive array of innovative transformer solutions. Its established reputation for reliability, cutting-edge technology, and comprehensive service offerings positions GE as a favored option for industries throughout Europe. With a robust presence and strategic alliances, GE adeptly addresses the varied requirements of customers while fostering innovation and establishing industry benchmarks in the cast resin transformer market.
Recent Developments:
In September 2023, ABB revealed the introduction of RESIBLOC, a rail dry-type traction transformer designed to manage voltages of up to 25 kV for the operation of train brakes, signaling systems, and communication devices. This innovation exemplifies ABB's commitment to enhancing railway infrastructure and ensuring reliable operations.
In April 2023, ABB disclosed its partnership with NGRR, the Norwegian grid operator, to evaluate an advanced distribution transformer monitoring system equipped with robust sensors and analytics. This partnership highlights ABB's dedication to leveraging technology to enhance grid reliability and efficiency.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Winding, By Rating, By Application |
| Regions covered | France, Germany, Italy, Spain, United Kingdom, Rest of Europe |
| Companies Covered | ABB, AM Transformers, Bharat Heavy Electricals Limited, CG Power & Industrial Solutions Ltd, Eaton Corporation, Fuji Electric Co., Ltd, GE, Hitachi Energy Ltd, Schneider Electric, SGB SMIT, Siemens Energy, TMC Transformers S.P.A. |
Key Topics Covered in the Report
- Europe Cast Resin Transformer Market Size (FY’2021-FY’2034)
- Overview of Europe Cast Resin Transformer Market
- Segmentation of Europe Cast Resin Transformer Market By Winding (Two Winding, Auto Transformer)
- Segmentation of Europe Cast Resin Transformer Market By Rating (≤ 5 MVA, > 5 MVA to ≤ 30 MVA, > 30 MVA)
- Segmentation of Europe Cast Resin Transformer Market By Application (Industries, Inner-City Substations, Indoor/Underground Substations, Renewable Generation, Others)
- Statistical Snap of Europe Cast Resin Transformer Market
- Expansion Analysis of Europe Cast Resin Transformer Market
- Problems and Obstacles in Europe Cast Resin Transformer Market
- Competitive Landscape in the Europe Cast Resin Transformer Market
- Details on Current Investment in Europe Cast Resin Transformer Market
- Competitive Analysis of Europe Cast Resin Transformer Market
- Prominent Players in the Europe Cast Resin Transformer Market
- SWOT Analysis of Europe Cast Resin Transformer Market
- Europe Cast Resin Transformer Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs
2.2.Market size estimation
2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis
5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats
5.2.PESTEL Analysis
5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape
5.3.PORTERs Five Forces
5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry
5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Europe Cast Resin Transformer Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Cast Resin Transformer Market
7.Europe Cast Resin Transformer Market, By Winding (USD Million) 2021-2034
7.1.Two winding7.2.Auto transformer
8.Europe Cast Resin Transformer Market, By Rating (USD Million) 2021-2034
8.1.≤ 5 MVA8.2.> 5 MVA to ≤ 30 MVA8.3.> 30 MVA
9.Europe Cast Resin Transformer Market, By Application (USD Million) 2021-2034
9.1.Industries9.2.Inner-City Substations9.3.Indoor/Underground Substations9.4.Renewable Generation9.5.Others
10.Europe Cast Resin Transformer Market, (USD Million) 2021-2034
10.1.Europe Cast Resin Transformer Market Size and Market Share
11.Europe Cast Resin Transformer Market, By Region, (USD Million) 2021-2034
11.1.France11.2.Germany11.3.Italy11.4.Spain11.5.United Kingdom11.6.Rest of Europe
12.Company Profile
12.1.ABB
12.1.1.Company details12.1.2.Financial outlook12.1.3.Product summary12.1.4.Recent developments
12.2.AM Transformers
12.2.1.Company details12.2.2.Financial outlook12.2.3.Product summary12.2.4.Recent developments
12.3.Bharat Heavy Electricals Limited
12.3.1.Company details12.3.2.Financial outlook12.3.3.Product summary
12.3.4.Recent developments
12.4.CG Power & Industrial Solutions Ltd
12.4.1.Company details12.4.2.Financial outlook12.4.3.Product summary12.4.4.Recent developments
12.5.Eaton Corporation
12.5.1.Company details12.5.2.Financial outlook12.5.3.Product summary12.5.4.Recent developments
12.6.Fuji Electric Co., Ltd
12.6.1.Company details12.6.2.Financial outlook12.6.3.Product summary12.6.4.Recent developments
12.7.GE
12.7.1.Company details12.7.2.Financial outlook12.7.3.Product summary12.7.4.Recent developments
12.8.Hitachi Energy Ltd
12.8.1.Company details12.8.2.Financial outlook12.8.3.Product summary12.8.4.Recent developments
12.9.Schneider Electric
12.9.1.Company details12.9.2.Financial outlook12.9.3.Product summary12.9.4.Recent developments
12.10.SGB SMIT
12.10.1.Company details12.10.2.Financial outlook12.10.3.Product summary12.10.4.Recent developments
12.11.Siemens Energy
12.11.1.Company details12.11.2.Financial outlook12.11.3.Product summary12.11.4.Recent developments
12.12.TMC Transformers S.P.A
12.12.1.Company details12.12.2.Financial outlook12.12.3.Product summary12.12.4.Recent developments
12.13.Others
13.Conclusion
14.List of Abbreviations
15.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Cast Resin Transformer Market is projected to reach USD 2848.88 million by 2034, growing at a CAGR of 10.93% during the forecast period.
Europe Cast Resin Transformer Market size from 2025. The Market is expected to reach USD 2848.88 million by 2034, at a CAGR of 10.93% during the forecast period.
Europe Cast Resin Transformer Market CAGR of 10.93% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Europe Cast Resin Transformer Market size is USD 2848.88 million from 2025 to 2034.
Europe Cast Resin Transformer Market covered France, Germany, Italy, Spain, United Kingdom, Rest of Europe
The North America is anticipated to have the highest Market share in the Europe Cast Resin Transformer Market.
ABB, AM Transformers, Bharat Heavy Electricals Limited, CG Power & Industrial Solutions Ltd, Eaton Corporation, Fuji Electric Co., Ltd, GE, Hitachi Energy Ltd, Schneider Electric, SGB SMIT, Siemens Energy, TMC Transformers S.P.A.
The report includes an in-depth analysis of the Europe Cast Resin Transformer Market, including market size and trends, product mix, Applications, and supplier analysis.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
