Liquid dielectric electrical transformers market in Sweden, 2026

Earlier Report Observations

From 2018 to 2020, Sweden maintained a dominant position in the European market for liquid dielectric transformers, supported by tax incentives for grid companies adopting environmentally friendly variants. Imports remained high, peaking at over 500 000 units in 2020. During this period, the adaptation to EU regulations on PCB-containing transformers, requiring controlled decommissioning, began to affect market dynamics.

After 2020, stricter market surveillance by the Swedish Electrical Safety Authority and new safety regulations from the Work Environment Authority led to a sharp decline in imports, which fell from 511 000 units in 2020 to 22 700 units in 2021. This, combined with ongoing adjustments to EU ecodesign requirements, resulted in a contraction of the total market volume from 506 500 units in 2020 to 4 400 units in 2021. Concurrently, demand shifted towards smart, IoT-connected transformers and bio-based insulating fluids, driven by technological advancements and investments in electric vehicle charging infrastructure.

By 2024, the market stabilized at around 3 400 units, with continued emphasis on eco-design standards and the development of natural ester insulating liquids. Sweden's leadership in electric road projects, requiring transformer stations every two kilometers, created new demand segments within a smaller overall market.

Production liquid dielectric transformers in Sweden

In value, 2017-2020, M $ US

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

In kind, 2017-2020, unit

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

Exports liquid dielectric transformers from Sweden

Exports in kind, K unit

Sweden's exports of liquid dielectric electrical transformers have grown for the third year in a row. In 2020, exports reached 10.5 thousand units, marking a 10.9% increase compared to the previous year. From 2017 to 2020, exports rose by 39%, which translates to an average annual growth rate of 11.6%.

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

Between 2017 and 2020, Sweden's exports of liquid dielectric electrical transformers in kind were distributed across a diverse range of partner countries. Norway accounted for 24.8% of these exports, Thailand for 5.5%, and Italy for 5.0%. Together, these three countries represented just 35.3% of the total export volume.

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

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

Exports in value, M $ US

In 2020, Sweden's exports of liquid dielectric electrical transformers in value terms amounted to 136.7 million US dollars, showing a significant decline of 14.4% year-over-year. From 2017 to 2020, exports decreased by 12.8%, with an average annual decline of 4.5%. The lowest value was recorded in 2018 at 126.1 million US dollars, while the peak occurred in 2019 at 159.7 million US dollars. The sharpest drop was in 2018 with a 19.6% decrease, and the largest increase was in 2019 with a 26.7% rise.

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

From 2017 to 2020, Sweden's exports of liquid dielectric electrical transformers in value terms featured a broad partner landscape. The United Kingdom contributed 23.7% of the export value, China 16.0%, and Norway 9.8%. Combined, these three countries made up only 49.6% of total exports, leaving a substantial 50.4% to be distributed among numerous other countries.

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

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

Imports liquid dielectric transformers to Sweden

Imports in kind, K unit

In 2020, Sweden's imports of liquid dielectric electrical transformers in kind totaled 511.0 thousand units, reflecting a strong increase of 27.7% compared to 2019. From 2017 to 2020, imports grew by 34.7%, averaging an annual growth rate of 10.4%. The most notable decline occurred in 2019 with a 12.4% drop.

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

Throughout the period from 2017 to 2020, Austria dominated Sweden's imports of liquid dielectric electrical transformers in kind, consistently representing 94.1% of the total import volume.

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

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

Imports in value, M $ US

Sweden's imports of liquid dielectric electrical transformers in value terms have declined for the second consecutive year. In 2020, imports stood at 111.0 million US dollars, down 5.0% from the previous year. From 2017 to 2020, imports decreased by 7.6%, with an average annual decline of 2.6%. The highest value was recorded in 2018 at 130.5 million US dollars. The largest decrease was in 2019 with a 10.5% fall, while the biggest increase occurred in 2018 with an 8.7% rise.

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

Between 2017 and 2020, Slovenia, Croatia, and Poland were the main suppliers of liquid dielectric electrical transformers to Sweden in value terms. Slovenia accounted for 22.7% of imports, Croatia for 20.7%, and Poland for 10.9%. Together, these three countries represented 54.2% of Sweden's total import value for these transformers.

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

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