Europe Smart Transformers Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Europe Smart Transformers Market Trends and it is segmented by Type (Distribution Transformers and Power Transformers), Application (Smart Grid, Traction Locomotive, and Other Applications), and Geography (Germany, UK, Italy, Spain, France, and Rest of Europe).

Europe Smart Transformers Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Europe Smart Transformers Market Size

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Europe Smart Transformers Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 1.92 Billion
Market Size (2030) USD 5.50 Billion
CAGR (2025 - 2030) 23.38 %
Market Concentration Low

Major Players

Europe Smart Transformers Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Smart Transformers Market Analysis

The Europe Smart Transformers Market size is estimated at USD 1.92 billion in 2025, and is expected to reach USD 5.50 billion by 2030, at a CAGR of 23.38% during the forecast period (2025-2030).

Over the medium period, factors such as the increasing focus of the governments across the European economies on adopting smart technology in power grid infrastructure and rising challenges, such as aging transmission and distribution (T&D) infrastructure, electric vehicle charging, and distributed generation, are expected to benefit the growth of smart transformers across the region.

On the other hand, the problem of low accessibility to electricity in underdeveloped nations worldwide and poor government regulations and initiatives to expand and modernize the grid infrastructure are expected to limit the market's growth.

Nevertheless, several governments of the European region are increasingly viewing smart grid technology as a strategic infrastructural investment that will sustain their long-term economic prosperity and help them achieve their carbon emission reduction targets. This, in turn, is expected to provide ample opportunity to the companies involved in the smart transformers market in the near future.

Germany is the largest and is expected to be the fastest-growing country, primarily driven by transmission and distribution developments. Increased demand for and consumption of renewable energy drives the country's market.

Europe Smart Transformers Industry Overview

The European smart transformers market is moderately fragmented. Some of the major players in the market (in no particular order) include Hitachi Energy Ltd, Siemens AG, Eaton Corporation PLC, Schneider Electric SE, and General Electric Company., among others.

Europe Smart Transformers Market Leaders

  1. Hitachi Energy Ltd

  2. Eaton Corporation Plc

  3. Siemens AG

  4. Schneider Electric SE

  5. General Electric Company

  6. *Disclaimer: Major Players sorted in no particular order
Europe Smart Transformers Market Concentration
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Europe Smart Transformers Market News

  • March 2023: Ganz Transformers, the European technology provider for power grids, entered into a collaboration with Maschinenfabrik Reinhausen (MR) to manufacture digital transformers with the help of MR’s ISM digital platform for intelligent solutions.
  • February 2023: UK Power Networks, a distribution network operator in South East England, announced an innovative trial, dubbed Project Stratus, which will introduce “world-first” technology from Amp X in the form of smart transformers to two existing substations in East Sussex. This endeavor will offer unprecedented live data regarding electrical usage and demand, allowing the organization to develop greater network resilience and support its goal of achieving a low-carbon future.

Europe Smart Transformers Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast, in USD, till 2029
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Increasing Adoption of Smart Technology in Power Grid Infrastructure
    • 4.5.1.2 Aging of Transmission and Distribution (T&D) Infrastructure
    • 4.5.2 Restraints
    • 4.5.2.1 Low Accessibility to Electricity in Underdeveloped Nations
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Distribution Transformers
    • 5.1.2 Power Transfomers
  • 5.2 Application
    • 5.2.1 Smart Grid
    • 5.2.2 Traction Locomotive
    • 5.2.3 Other Applications
  • 5.3 Geography
    • 5.3.1 Germany
    • 5.3.2 United Kingdom
    • 5.3.3 Spain
    • 5.3.4 France
    • 5.3.5 Italy
    • 5.3.6 Nordic Countries
    • 5.3.7 Russia
    • 5.3.8 Turkey
    • 5.3.9 Rest of Europe

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 General Electric Company
    • 6.3.2 Siemens AG
    • 6.3.3 Eaton Corporation PLC
    • 6.3.4 Schneider Electric SE
    • 6.3.5 Hitachi Energy Ltd
    • 6.3.6 Westrafo SRL
    • 6.3.7 Societa Elettromeccanica Arzignanese SpA
    • 6.3.8 GBE SpA
  • *List Not Exhaustive
  • 6.4 Market Ranking/Share Analysis

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Smart Grid Technology as a Strategic Infrastructural Investment
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Europe Smart Transformers Industry Segmentation

A smart transformer (ST) is a power-electronics-based transformer that adopts advanced control and communication technologies aiming not only to adapt the voltage level from MV to LV grids but also to provide ancillary services to the grid.

Europe's smart transformers market is segmented by type, application, and geography (Germany, the United Kingdom, Italy, Spain, France, and the rest of Europe). By type, the market is segmented into distribution transformers and power transformers. By application, the market is segmented into smart grid, traction locomotive, and other applications. The report also covers the market size and forecasts for the European smart transformers market across major regions. 

For each segment, the market sizing and forecasts have been done based on revenue (USD).

Type Distribution Transformers
Power Transfomers
Application Smart Grid
Traction Locomotive
Other Applications
Geography Germany
United Kingdom
Spain
France
Italy
Nordic Countries
Russia
Turkey
Rest of Europe
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Europe Smart Transformers Market Research FAQs

How big is the Europe Smart Transformers Market?

The Europe Smart Transformers Market size is expected to reach USD 1.92 billion in 2025 and grow at a CAGR of 23.38% to reach USD 5.50 billion by 2030.

What is the current Europe Smart Transformers Market size?

In 2025, the Europe Smart Transformers Market size is expected to reach USD 1.92 billion.

Who are the key players in Europe Smart Transformers Market?

Hitachi Energy Ltd, Eaton Corporation Plc, Siemens AG, Schneider Electric SE and General Electric Company are the major companies operating in the Europe Smart Transformers Market.

What years does this Europe Smart Transformers Market cover, and what was the market size in 2024?

In 2024, the Europe Smart Transformers Market size was estimated at USD 1.47 billion. The report covers the Europe Smart Transformers Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Smart Transformers Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Europe Smart Transformers Industry Report

Statistics for the 2025 Europe Smart Transformers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Smart Transformers analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.