Market research

Liquid dielectric electrical transformers market in Spain

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The Spanish market for liquid dielectric electrical transformers expanded vigorously from 2019 to 2021, with its total value increasing from 223.2 million USD to 486.5 million USD. Domestic production followed a similar trajectory, rising from 198.8 million USD to 391.8 million USD over the same period.

By 2024, the market value reached 728.3 million USD, supported by European regulations promoting eco-friendly transformers with biodegradable dielectric fluids and the growing integration of renewable energy sources. Modernization of aging grid infrastructure and rising demand for transformers supporting electric vehicle charging stations further stimulated market activity, with companies like Schneider Electric introducing new high-voltage transformer series for smart city projects in Spain.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2019-2021, 2024
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2019-2021, 2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Spain
  1. 5.1.1. In kind, 2019-2021, 2024, unit
  2. 5.1.2. In value, 2019-2021, 2024, M $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, unit
  2. 5.2.2. In value, 2018-2024, M $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K unit
    1. 6.1.2.1. Annual dynamics of product's imports to Spain in kind, 2018-2024, K unit
    2. 6.1.2.2. Dynamics of product's imports in kind to Spain by countries, 2018-2024, K unit
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Spain in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Spain by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/unit
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Spain, 2018-2024, $ US/unit
    2. 6.1.4.2. Dynamics of average price of product's imports to Spain by countries, 2018-2024, $ US/unit
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K unit
    1. 6.2.2.1. Annual dynamics of product's imports to Spain in kind, 2018-2024, K unit
    2. 6.2.2.2. Dynamics of product's imports in kind to Spain by countries, 2018-2024, K unit
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Spain in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Spain by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/unit
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Spain, 2018-2024, $ US/unit
    2. 6.2.4.2. Dynamics of average price of product's imports to Spain by countries, 2018-2024, $ US/unit
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K unit
    1. 7.1.2.1. Annual dynamics of product's exports from Spain in kind, 2018-2024, K unit
    2. 7.1.2.2. Dynamics of product's exports in kind from Spain by countries, 2018-2024, K unit
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Spain in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Spain by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/unit
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Spain, 2018-2024, $ US/unit
    2. 7.1.4.2. Dynamics of average price of product's exports from Spain by countries, 2018-2024, $ US/unit
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K unit
    1. 7.2.2.1. Annual dynamics of product's exports from Spain in kind, 2018-2024, K unit
    2. 7.2.2.2. Dynamics of product's exports in kind from Spain by countries, 2018-2024, K unit
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Spain in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Spain by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/unit
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Spain, 2018-2024, $ US/unit
    2. 7.2.4.2. Dynamics of average price of product's exports from Spain by countries, 2018-2024, $ US/unit
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K unit
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K unit
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production liquid dielectric transformers in Spain

In value, 2017-2020, M $ US

In 2020, Spain's output of liquid dielectric electrical transformers was valued at 287.8 million US dollars, marking a significant year-over-year increase of 44.8%.

Annual dynamics of production in Spain in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	44.8%	-

Source: SHEV.io

In kind, 2017-2020, unit

In 2020, Spain produced 21,362 units of liquid dielectric electrical transformers, representing a 3.0% decrease compared to 2019.

Annual dynamics of production in Spain in kind, 2017-2020, unit

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	(3.0%)	-

Source: SHEV.io

Exports liquid dielectric transformers from Spain

Exports in kind, K unit

The market displayed volatility during the observed period. Exports reached their lowest point in 2018 at 13.9 thousand units, then surged to a peak of 45.0 thousand units in 2019, a 223.0% increase. In 2020, exports from Spain fell sharply to 14.3 thousand units, down 68.3% from the previous year, with the overall fluctuation from 2018 to 2019 showing a 3.2-fold difference.

Annual dynamics of product's exports from Spain in kind, 2017-2020, K unit

Parameter		2018	2019	2020	CAGR
1	Change from last year	(15.5%)	223.0%	(68.3%)	(4.7%)

Source: SHEV.io

From 2017 to 2020, France, Cuba, and Poland were the primary destinations for Spain's exports in kind of liquid dielectric electrical transformers, accounting for 35.8%, 27.3%, and 7.6% of total flows, respectively. Together, these three countries represented 70.7% of all exports.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Spain in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

Spain's exports of liquid dielectric electrical transformers in value terms declined for the second consecutive year. In 2020, exports amounted to 110.4 million US dollars, a moderate contraction of 4.6% compared to the prior year. Over the period from 2017 to 2020, exports decreased by 2.4%, equivalent to an annualized rate of 0.8%. The highest value was recorded in 2018 at 156.0 million US dollars, with the largest increase of 38.0% that year, while the largest decline of 25.8% occurred in 2019.

Annual dynamics of product's exports from Spain in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	38.0%	(25.8%)	(4.6%)	(0.8%)

Source: SHEV.io

From 2017 to 2020, France, the United States, and Poland formed the main group of destinations for Spain's exports in value terms of liquid dielectric electrical transformers, with shares of 34.0%, 17.8%, and 7.2%, respectively. Combined, these three markets accounted for 59.0% of total export flows.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Spain in value, 2017-2020

Source: SHEV.io

Imports liquid dielectric transformers to Spain

Imports in kind, K unit

The import market showed an unstable trend throughout the timeframe. Imports hit their lowest point in 2018 at 9.8 thousand units, then skyrocketed to a peak of 155.3 thousand units in 2019, a massive increase of 1,482.2%. In 2020, imports into Spain dropped dramatically to 11.3 thousand units, down 92.7% from the previous year, with the variation from 2018 to 2019 reflecting a 16-fold difference.

Annual dynamics of product's imports to Spain in kind, 2017-2020, K unit

Parameter		2018	2019	2020	CAGR
1	Change from last year	(92.2%)	1 482.2%	(92.7%)	(55.3%)

Source: SHEV.io

From 2017 to 2020, three principal markets—China, Hong Kong, and Germany—together accounted for 89.6% of Spain's total imports in kind of liquid dielectric electrical transformers.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Spain in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

After two years of growth, Spain's imports of liquid dielectric electrical transformers in value terms declined. In 2020, imports totaled 139.4 million US dollars, showing only a marginal fluctuation compared to the previous year. Over the 2017-2020 period, imports increased by 92.5%, with a compound annual growth rate of 24.4%. The maximum value was recorded in 2019 at 140.2 million US dollars, which also saw the largest increase of 62.7%.

Annual dynamics of product's imports to Spain in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	19.0%	62.7%	(0.5%)	24.4%

Source: SHEV.io

From 2017 to 2020, Italy, Turkey, and Germany were the main markets for Spain's imports in value terms of liquid dielectric electrical transformers, with shares of 25.7%, 22.6%, and 12.1%, respectively. Together, these three countries accounted for 60.4% of total import flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Spain in value, 2017-2020

Source: SHEV.io