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Smart Transformers and Switchgears Market - Europe, Middle East and Africa: Focus on Medium Voltage Transformer and Switchgears - Analysis and Forecast, 2025-2033

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    Report

  • February 2025
  • Region: Africa, Europe, Middle East
  • BIS Research
  • ID: 6055789
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The Europe, Middle East, and Africa (EMEA) region is embracing digital grid modernization and the rapid integration of renewables, making advanced transformers and switchgears crucial for reliable, efficient power distribution. By 2025, network operators will face growing needs to monitor, automate, and optimize medium-voltage transformers and switchgear installations, responding to surging electricity demand, regional decarbonization goals, and evolving end-user applications (e.g., data centers, EV charging, energy storage). Smart monitoring and remote diagnostics minimize outages, reduce operational costs, and create scope for advanced grid services (such as load balancing and microgrid support).

Longer-term (beyond 2025 to 2033), more stringent regulations on SF₆ (a potent greenhouse gas) and cost pressures will fuel adoption of SF₆-free and hybrid solutions in GIS (Gas Insulated Switchgear) or AIS (Air Insulated Switchgear). Meanwhile, solid-state transformer prototypes and advanced switchgear monitoring systems are expected to transform substation management, particularly as distributed energy resources (DERs) and high-power EV charging networks expand. The region’s ongoing push for grid digitalization and decarbonization sets the stage for robust demand in this market.

Segmentation by Application

  • Transformers
  • Smart Grid: Upgrading networks with online monitoring, analytics, and advanced control capabilities.
  • Renewable Power Integration: Enabling stable grid connection for solar, wind, and other distributed generation sources.
  • Traction Locomotive: Specialty transformers in rail electrification systems supporting advanced performance, remote management.
  • EV Charging Stations: Handling high-power DC/AC conversions and peak load management.
  • Others: Niche applications in industrial or commercial sites.
  • Switchgear
  • Power Transmission: Ensuring stability in HV or MV networks, featuring partial discharge monitoring and robust automation.
  • Renewable Power Generation Unit: Enhanced reliability and safety for distributed generation sites.
  • Energy Storage Systems: Switchgear supporting battery or hybrid storage for load shifting or backup.
  • Power Transformer: MV/HV substation switchgear coordinating with advanced transformer solutions.

Segmentation by End-User

  • Utilities: Modernizing grid reliability, implementing advanced monitoring.
  • Industrial: Large energy consumers requiring robust power distribution for continuous operations.
  • Renewable Energy Producers: Advanced control, automation for safe, cost-effective generation.
  • Data Centers: High-load, critical sites demanding minimal downtime, sophisticated power management.
  • Residential Apartments (Multi-Unit Dwellings): More limited demand, potential for local microgrids.
  • Others: Specialized or small-scale power distribution applications.

Segmentation by Product

  • Smart Switchgear
  • Insulation Type
  • SF₆-Based: Traditionally used for compactness, though environmental concerns persist.
  • SF₆-Free: Options such as vacuum, solid, air, or hybrid insulation expected to grow under stricter GHG regulations.
  • Solid State Transformer
  • By Type:
  • Power Transformer: HV or MV lines with advanced power electronics for flexible load management.
  • Distribution Transformer: MV to LV conversion for local feeders, offering grid-edge intelligence.
  • Traction Transformer: Used in railways for efficient AC/DC transitions, anticipating digital enhancements.

Segmentation by Technology (Monitoring and Automation Services)

  • Switchgear Monitoring: Partial discharge, gas, temperature, and other real-time analytics.
  • Transformer Monitoring: Oil condition, bushing health, partial discharge, on-load tap changer (OLTC) status.
  • Distribution Substation Automation: Remote control, advanced fault detection, data analytics for system optimization.

Regional Overview (EMEA)

  • Europe:
  • Substantial modernization driven by the EU Green Deal and national decarbonization targets.
  • Emphasis on SF₆-free solutions, advanced grid monitoring, strong presence of global OEMs and R&D.
  • Middle East:
  • High-intensity power distribution expansions with large-scale renewable projects (e.g., solar farms).
  • Focus on reliability and robust infrastructure for critical applications (oil & gas, desalination, high-value commercial).
  • Africa:
  • Grid electrification expansions, need for reliability and cost-effective solutions.
  • Potential for leapfrogging to advanced, modular switchgear and small-scale microgrids in rural areas.

Key Players in the Market

  • ABB
  • Siemens
  • Eaton
  • Schneider Electric
  • Alstom SA
  • Emerson Electric
  • Hitachi Energy Ltd.
  • GE Vernova
  • Mitsubishi Electric Corporation
  • Hyosung Heavy Industries
  • Maschinenfabrik Reinhausen GmbH
  • Wilson Transformers

Trend in the Market

An emerging trend is the shift to SF₆-free or low-GWP insulation for medium-voltage switchgear, as governments restrict SF₆ usage (due to its high greenhouse potential). This transition fosters innovation in alternative gas compositions, vacuum technology, and solid insulation, with advanced sensor-equipped designs enabling real-time condition monitoring.

Driver in the Market

Growing pressure for grid resiliency and decarbonization underpins rising adoption of smart transformers and switchgear. As more renewables (wind, solar) connect to the grid, utilities and industrial sites invest in advanced equipment with automation, remote diagnostics, and data-driven optimization to handle fluctuating loads, maintain stability, and reduce CO₂ footprints.

Restraint in the Market

High upfront costs and legacy infrastructure compatibility remain a barrier. Smart switchgear or digitally enhanced transformers, especially SF₆-free designs, can be more expensive. Additionally, older distribution networks might require significant retrofits or replacements, complicating or delaying modernization.

Opportunity in the Market

Rapid expansion of data centers and EV charging networks provides a growth opportunity. Operators rely on advanced, intelligent distribution solutions to handle high load densities, ensure minimal downtime, and seamlessly integrate distributed energy resources (e.g., onsite solar or battery systems). Smart transformers and switchgear with real-time monitoring and control can deliver flexible, efficient operations in these emerging applications.

This product will be updated with the latest data at the time of order. Consequently, dispatch time for this product will be 7-10 business days.

Table of Contents

Executive SummaryScope and DefinitionMarket/Product DefinitionKey Questions AnsweredAnalysis and Forecast Note
1. Markets: Industry Outlook
1.1 Trends: Current and Future Impact Assessment
1.2 Supply Chain Overview
1.2.1 Value Chain Analysis
1.2.2 Pricing Forecast
1.3 R&D Review
1.3.1 Patent Filing Trend by Country, by Company
1.4 Regulatory Landscape
1.5 Stakeholder Analysis
1.6 Market Dynamics Overview
1.6.1 Market Drivers
1.6.2 Market Restraints
1.6.3 Market Opportunities
1.7 Industry Impact on Transformer and Switchgear Design and Deployment
1.7.1 Renewable Energy Generation and Transmission
1.7.2 Data Centers
1.8 Existing Installed Base VS Expected Installations
1.8.1 Transformer Transition Scenario
1.8.2 Switchgear Technology Transition Scenario
1.8.3 Upcoming Use Cases for Future
1.9 Global Smart Grid Market Overview
1.9.1 Market by Technology
1.9.1.1 Transmission and Distribution Automation
1.9.1.2 Advanced Metering Infrastructure (AMI)
1.9.1.3 Energy Storage
1.9.1.4 Consumer Energy Management
1.9.1.5 Wide Area Monitoring
1.9.1.6 Other Technologies
1.9.2 Role of Smart Transformers and Switchgear
2. Smart Transformers and Switchgears Market by Application
2.1 Application Summary
2.2 Smart Transformers and Switchgears Market, by Application, 2023-2033
2.2.1 Transformer By Application
2.2.1.1 Smart Grid
2.2.1.2 Renewable Power Integration
2.2.1.3 Traction Locomotive
2.2.1.4 EV Charging Station
2.2.1.5 Others
2.2.2 Switchgear By Applications
2.2.2.1 Power Transmission
2.2.2.2 Renewable Power Generation Unit
2.2.2.3 Energy Storage System
2.2.2.4 Power Transformer
2.3 Smart Transformers and Switchgears Market, by End-user, 2023-2033
2.3.1 Utilities
2.3.2 Industrial
2.3.3 Renewable Energy Producers
2.3.4 Data Centres
2.3.5 Residential Apartments (Single family dwellings not included)
2.3.6 Others
3. Smart Transformers and Switchgears Market by Product
3.1 Product Summary
3.2 Smart Transformers and Switchgears Market, by Product 2023-2033
3.2.1 Smart Switchgear Market, by Insulation Type 2023-2033
3.2.1.1 SF6 based Switchgears.
3.2.1.2 SF6 Free Switchgears Market
3.2.1.2.1 Gas Insulated Switchgears
3.2.1.2.2 Air Insulated Switchgears
3.2.1.2.3 Vacuum Insulated Switchgears
3.2.1.2.4 Solid Insulated Switchgears
3.2.1.2.5 Hybrid Switchgears
3.2.2 Solid State Transformer Market, by Type 2023-2033
3.2.2.1.1 Power Transformer
3.2.2.1.2 Distribution Transformer
3.2.2.1.3 Traction Transformer
3.3 Smart Transformers and Switchgears Market, by Technology 2023-2033
3.3.1 Switchgear Monitoring System
3.3.1.1 Partial Discharge Monitoring
3.3.1.2 Gas Monitoring
3.3.1.3 Temperature Monitoring
3.3.1.4 Others
3.3.2 Transformers Monitoring System
3.3.2.1 Oil Monitoring
3.3.2.2 Bushing Monitoring
3.3.2.3 Partial Discharge Monitoring
3.3.2.4 OLTC Monitoring
3.3.2.5 Others
3.3.3 Distribution Substation Automation and Transformer Automation Market
4. Smart Transformers and Switchgears Market by Region
4.1 Smart Transformers and Switchgears Market - by Region, EMEA (Europe, Middle East and Africa)
4.1.1 Markets
4.1.1.1 Key Market Participants in Europe
4.1.1.2 Business Drivers
4.1.1.3 Business Challenges
4.1.2 Market by Application
4.1.2.1 Transformer By Application
4.1.2.1.1 Smart Grid
4.1.2.1.2 Renewable Power Integration
4.1.2.1.3 Traction Locomotive
4.1.2.1.4 EV Charging Station
4.1.2.1.5 Others
4.1.2.2 Switchgear By Applications
4.1.2.2.1 Power Transmission
4.1.2.2.2 Renewable Power Generation Unit
4.1.2.2.3 Energy Storage System
4.1.2.2.4 Power Transformer
4.1.3 Market by End-user
4.1.3.1 Utilities
4.1.3.2 Industrial
4.1.3.3 Renewable Energy Producers
4.1.3.4 Data Centres
4.1.3.5 Residential Apartments (Single family dwellings not included)
4.1.3.6 Others
4.1.4 Market by Product
4.1.4.1 Smart Switchgear Market, by Insulation Type
4.1.4.1.1 SF6 based Switchgears.
4.1.4.1.2 SF6 Free Switchgears Market
4.1.4.1.2.1 Gas Insulated Switchgears
4.1.4.1.2.2 Air Insulated Switchgears
4.1.4.1.2.3 Vacuum Insulated Switchgears
4.1.4.1.2.4 Solid Insulated Switchgears
4.1.4.1.2.5 Hybrid Switchgears
4.1.4.2 Solid State Transformer Market, by Type
4.1.4.2.1.1 Power Transformer
4.1.4.2.1.2 Distribution Transformer
4.1.4.2.1.3 Traction Transformer
4.1.5 Market by Technology Services
4.1.5.1 Switchgear Monitoring System
4.1.5.1.1 Partial Discharge Monitoring
4.1.5.1.2 Gas Monitoring
4.1.5.1.3 Temperature Monitoring
4.1.5.1.4 Others
4.1.5.2 Transformers Monitoring System
4.1.5.2.1 Oil Monitoring
4.1.5.2.2 Bushing Monitoring
4.1.5.2.3 Partial Discharge Monitoring
4.1.5.2.4 OLTC Monitoring
4.1.5.2.5 Others
4.1.6 Europe (By Country)
4.1.6.1 Russia
4.1.6.1.1 Market by Application
4.1.6.1.2 Market by End-user
4.1.6.1.3 Market by Product
4.1.6.1.4 Market by Technology Services
4.1.6.2 Germany
4.1.6.2.1 Market by Application
4.1.6.2.2 Market by End-user
4.1.6.2.3 Market by Product
4.1.6.2.4 Market by Technology Services
4.1.6.3 France
4.1.6.3.1 Market by Application
4.1.6.3.2 Market by End-user
4.1.6.3.3 Market by Product
4.1.6.3.4 Market by Technology Services
4.1.6.4 Turkey
4.1.6.4.1 Market by Application
4.1.6.4.2 Market by End-user
4.1.6.4.3 Market by Product
4.1.6.4.4 Market by Technology Services
4.1.6.5 Saudi Arabia
4.1.6.5.1 Market by Application
4.1.6.5.2 Market by End-user
4.1.6.5.3 Market by Product
4.1.6.5.4 Market by Technology Services
4.1.6.6 Italy
4.1.6.6.1 Market by Application
4.1.6.6.2 Market by End-user
4.1.6.6.3 Market by Product
4.1.6.6.4 Market by Technology Services
4.1.6.7 U.K
4.1.6.7.1 Market by Application
4.1.6.7.2 Market by End-user
4.1.6.7.3 Market by Product
4.1.6.7.4 Market by Technology Services
4.1.6.8 Spain
4.1.6.8.1 Market by Application
4.1.6.8.2 Market by End-user
4.1.6.8.3 Market by Product
4.1.6.8.4 Market by Technology Services
4.1.6.9 South Africa
4.1.6.9.1 Market by Application
4.1.6.9.2 Market by End-user
4.1.6.9.3 Market by Product
4.1.6.9.4 Market by Technology Services
4.1.6.10 Egypt
4.1.6.10.1 Market by Application
4.1.6.10.2 Market by End-user
4.1.6.10.3 Market by Product
4.1.6.10.4 Market by Technology Services
4.1.6.11 Rest of EMEA
4.1.6.11.1 Market by Application
4.1.6.11.2 Market by End-user
4.1.6.11.3 Market by Product
4.1.6.11.4 Market by Technology Services
5. Markets- Competitive Benchmarking and Companies Profiled
5.1 Next Frontier
5.2 Geographical Analysis
5.3 Competitive Benchmarking
5.4 Company Profiles
5.4.1 ABB
5.4.1.1 Overview
5.4.1.2 Top Products / Product Portfolio
5.4.1.3 Top Competitors
5.4.1.4 Target Customers/End-Users
5.4.1.5 Key Personnel
5.4.1.6 Analyst View
5.4.1.7 Market Share
5.4.2 Siemens
5.4.2.1 Overview
5.4.2.2 Top Products / Product Portfolio
5.4.2.3 Top Competitors
5.4.2.4 Target Customers/End-Users
5.4.2.5 Key Personnel
5.4.2.6 Analyst View
5.4.2.7 Market Share
5.4.3 Eaton
5.4.3.1 Overview
5.4.3.2 Top Products / Product Portfolio
5.4.3.3 Top Competitors
5.4.3.4 Target Customers/End-Users
5.4.3.5 Key Personnel
5.4.3.6 Analyst View
5.4.3.7 Market Share
5.4.4 Schneider Electric
5.4.4.1 Overview
5.4.4.2 Top Products / Product Portfolio
5.4.4.3 Top Competitors
5.4.4.4 Target Customers/End-Users
5.4.4.5 Key Personnel
5.4.4.6 Analyst View
5.4.4.7 Market Share
5.4.5 Alstom SA
5.4.5.1 Overview
5.4.5.2 Top Products / Product Portfolio
5.4.5.3 Top Competitors
5.4.5.4 Target Customers/End-Users
5.4.5.5 Key Personnel
5.4.5.6 Analyst View
5.4.5.7 Market Share
5.4.6 Emerson Electric
5.4.6.1 Overview
5.4.6.2 Top Products / Product Portfolio
5.4.6.3 Top Competitors
5.4.6.4 Target Customers/End-Users
5.4.6.5 Key Personnel
5.4.6.6 Analyst View
5.4.6.7 Market Share
5.4.7 Hitachi Energy Ltd.
5.4.7.1 Overview
5.4.7.2 Top Products / Product Portfolio
5.4.7.3 Top Competitors
5.4.7.4 Target Customers/End-Users
5.4.7.5 Key Personnel
5.4.7.6 Analyst View
5.4.7.7 Market Share
5.4.8 GE Vernova
5.4.8.1 Overview
5.4.8.2 Top Products / Product Portfolio
5.4.8.3 Top Competitors
5.4.8.4 Target Customers/End-Users
5.4.8.5 Key Personnel
5.4.8.6 Analyst View
5.4.8.7 Market Share
5.4.9 Mitsubishi Electric Corporation
5.4.9.1 Overview
5.4.9.2 Top Products / Product Portfolio
5.4.9.3 Top Competitors
5.4.9.4 Target Customers/End-Users
5.4.9.5 Key Personnel
5.4.9.6 Analyst View
5.4.9.7 Market Share
5.4.10 Hyosung Heavy Industries
5.4.10.1 Overview
5.4.10.2 Top Products / Product Portfolio
5.4.10.3 Top Competitors
5.4.10.4 Target Customers/End-Users
5.4.10.5 Key Personnel
5.4.10.6 Analyst View
5.4.10.7 Market Share
5.4.11 Maschinenfabrik Reinhausen GmbH.
5.4.11.1 Overview
5.4.11.2 Top Products / Product Portfolio
5.4.11.3 Top Competitors
5.4.11.4 Target Customers/End-Users
5.4.11.5 Key Personnel
5.4.11.6 Analyst View
5.4.11.7 Market Share
5.4.12 Wilson Transformers
5.4.12.1 Overview
5.4.12.2 Top Products / Product Portfolio
5.4.12.3 Top Competitors
5.4.12.4 Target Customers/End-Users
5.4.12.5 Key Personnel
5.4.12.6 Analyst View
5.4.12.7 Market Share
6. Research Methodology

Companies Mentioned

  • ABB
  • Siemens
  • Eaton
  • Schneider Electric
  • Alstom SA
  • Emerson Electric
  • Hitachi Energy Ltd.
  • GE Vernova
  • Mitsubishi Electric Corporation
  • Hyosung Heavy Industries
  • Maschinenfabrik Reinhausen GmbH
  • Wilson Transformers