The objective of this study is to analyze the evolving dynamics, trends, and challenges of key technologies in the transmission and distribution space that could influence the shape and development of the European Smart Grid. This research specifically focuses on power & distribution transformers. The scope of the study includes Europe. The total market forecast is developed for all European countries included in the scope. Detailed analysis is conducted on the following nine countries: Germany, France, United Kingdom, Italy, Benelux, Spain, Scandinavia and Rest of Europe (Austria, Greece, the Republic of Ireland, Portugal and Switzerland) The above countries are selected based on the size of the market and upcoming opportunities.

Smart Grids to Drive Adoption of Power and Distribution Transformers

The European market for power and distribution transformers is in its mature stage with not many technological or product innovations taking place. Nevertheless, the market is witnessing steady growth. Power and distribution transformers constitute close to 70 per cent of the total transformers sales in Europe. Transformers are a vital part of the electrical network, both in the transmission and distribution space. Increase in electrical installed capacity of developing and developed countries and growing demand for energy from commercial and industrial sectors are driving the demand for power and distribution transformers.

Increased focus on interconnection of grids is driving the need for efficient transmission technologies. With the advent of smart grids, the electricity grid is witnessing a complete overhaul in Europe. “The biggest step in total grid automation is harmonisation of the electrical grids,” notes the analyst of this research. “Interconnection of grids would present exciting opportunities for manufacturers, utilities and distributed network operators (DNO) alike while boosting transformer sales.

Judicious Mix of Product and Service Offerings Critical to Achieving Strong Growth

Price volatility of raw materials and the global economic downturn are dampening market prospects. The influx of Asian manufacturers, especially from China, India and Korea into the European market, is further intensifying price pressures. “In order to garner significant market share and capitalise on the revenue potential within a mature market, transformer companies have to move beyond a product-based approach,” remarks the analyst. “The market nuances vary for power and distribution transformers and since there is limited technological differentiation in the systems, value added services would help in distinguishing a company’s product over that of the competition.”

Transformers are an integral piece of equipment found in a utility's inventory. De-regulation and current business dynamics are constantly pressurising utilities to do more with less. “Designing an appropriate solution is not only important to gain approval but is also critical to garner a substantial share of the market,” advises the analyst. “A homogenous mix of product and service offering will support strong revenue growth.”

TABLE OF CONTENTS

Introduction - Scope, Methodology and Definition                 

Executive Summary                                             
Market Forces and Market Forecasts                  
Strategic and Competitive Analysis and Conclusions

Market Overview                                                 
Analysis of Technology                                 
Effect of Financial Crisis on Transformers

Market Forces Industry Challenges, Market Drivers and Restraints     
Industry Challenges                                     
Force Field Analysis of Drivers and Restraints        
Market Drivers                                           
Market Restraints

Revenue Forecasts                                                 
Revenue Forecasts ­ Power Transformers                   
Revenue Forecasts ­ Distribution Transformers

Strategic and Competitive Analysis                   
Porter's Five Forces                      
Industry Structure                          
Competitive Structure                       
Tier and Market Share Analysis               
End-Users

Geographic Analysis                                   
Introduction                              
Country Overview ­ Germany                  
Country Overview ­ France                   
Country Overview ­ The United Kingdom    
Country Overview ­ Italy                   
Country Overview ­ Benelux                 
Country Overview ­ Spain               
Country Overview ­ Scandinavia              
Country Overview ­ Rest of Europe             
Regional Hot Stops and Emerging Geographies

About Frost & Sullivan


LIST OF FIGURES

Power and Distribution Transformer Markets: Industry Challenges (Europe), 2010-2016                         
  
Power and Distribution Transformer Markets: Market Drivers Ranked in Order of Impact (Europe), 2010-2016    
  
Power and Distribution Transformer Markets: Market Restraints Ranked in Order of Impact (Europe), 2010-2016
  
Power and Distribution Transformer Markets: Revenue Forecasts for Power Transformers (Europe), 2006-2016       
  
Power and Distribution Transformer Markets: Revenue Forecasts for Distribution Transformers (Europe), 2006-2016
  
Power and Distribution Transformer Markets: Region-wise Ranking (Europe), 2009       
                      
Power and Distribution Transformer Markets: Revenue Forecasts (Germany), 2006-2016                            
  
Power and Distribution Transformer Markets: Revenue Forecasts (France), 2006-2016                             
  
Power and Distribution Transformer Markets: Revenue Forecasts (The United Kingdom), 2006-2016                 
  
Power and Distribution Transformer Markets: Revenue Forecasts (Italy), 2006-2016 
                               
Power and Distribution Transformer Markets: Revenue Forecasts (Benelux), 2006-2016                              
  
Power and Distribution Transformer Markets: Revenue Forecasts (Spain), 2006-2016                          
  
Power and Distribution Transformer Markets: Revenue Forecasts (Scandinavia), 2006-2016                        
  
Power and Distribution Transformer Markets: Revenue Forecasts (Rest of Europe), 2006-2016                    
  

LIST OF CHARTS

Power and Distribution Transformer Markets: Tier Analysis (Europe), 2009       
                                    
Power and Distribution Transformer Markets: A Snapshot of the Major Trends in Transformer Market (Europe), 2009-2010 
  
Power and Distribution Transformer Markets: Industry Challenges (Europe), 2010-2016                                 
  
Power and Distribution Transformer Markets: Market Drivers and Restraints (Europe), 2010-2016                      
  
Power and Distribution Transformer Markets: Revenue Forecasts for Power Transformers (Europe), 2006-2016           
  
Power and Distribution Transformer Markets: Revenue Forecasts for Distribution Transformers (Europe), 2006-2016     
  
Power and Distribution Transformer Markets: Porter's Five Forces Analysis (Europe), 2009                             
  
Power and Distribution Transformer Markets: Industry Structure (Europe), 2009                
                   
Power and Distribution Transformer Markets: Competitive Structure (Europe), 2009          
                          
Power and Distribution Transformer Markets: Tier Analysis by Installed Capacity (Europe), 2009                    
  
Power and Distribution Transformer Markets: Company Market Share by Revenues (Europe), 2009                      
  
Power and Distribution Transformer Markets: End User Analysis (Europe), 2009          
                              
Power and Distribution Transformer Markets: Percent of Revenues by End User (Europe), 2009                          
  
Power and Distribution Transformer Markets: Revenue Forecasts (Germany), 2006-2016                            
  
Power and Distribution Transformer Markets: Revenue Forecast (France), 2006-2016                                 

Power and Distribution Transformer Markets: Revenue Forecasts (The United Kingdom), 2006-2016  
  
Power and Distribution Transformer Markets: Revenue Forecasts (Italy), 2006-2016               

Power and Distribution Transformer Markets: Revenue Forecasts (Benelux), 2006-2016            
  
Power and Distribution Transformer Markets: Revenue Forecasts (Spain), 2006-2016          
  
Power and Distribution Transformer Markets: Revenue Forecasts (Scandinavia), 2006-2016      
  
Power and Distribution Transformer Markets: Revenue Forecasts (Rest of Europe), 2006-2016    

Power and Distribution Transformer Markets: Regional Snapshot (Europe), 2010