Non-liquid dielectric transformers market in Czechia

Earlier Report Observations

The Czech market for non-liquid dielectric transformers was valued at 94.6 million USD in 2018, supported by state subsidy programs for industrial transformer replacement aimed at reducing losses and improving energy efficiency. The market was also influenced by the state-owned grid operator ČEPS, which maintains and develops substations and transformers, and by the introduction of new phase-shifting transformer (PST) technology to better manage cross-border power flows. Despite these drivers, the market contracted to 83.4 million USD in 2019, a period which nonetheless saw continued deliveries by major domestic supplier KOLEKTOR ETRA and growing underlying demand from the renewable energy and e-mobility sectors. A recovery to 95.0 million USD followed in 2020, accelerated by new legislative requirements for electrical equipment safety and a sharp increase in demand for transformers designed for electric vehicle fast-charging stations.

Market growth accelerated dramatically from 2021, with the market size jumping to 137.1 million USD. This surge was primarily driven by the strengthening of EU ecodesign regulations, which increased the focus on transformer energy efficiency, and by the continued expansion of the e-mobility segment requiring specialized transformer solutions. In 2022, the market expanded further to 161.6 million USD. The full implementation of the new Czech law on operational safety for technical equipment mandated stricter maintenance and review protocols for transformers. Concurrently, the war in Ukraine highlighted the importance of grid reliability, reinforcing investment in network infrastructure, including modernization plans by ČEPS involving new lines and transformers.

The market's upward trend continued in 2023, reaching a value of 190.2 million USD. A market correction followed in 2024, with the size declining to 168.2 million USD.

Production non-liquid dielectric transformers in Czechia

In value, 2018-2021, M $ US

Following two years of contraction, Czechia's production of non-liquid dielectric transformers has rebounded. In 2021, output was valued at 188.5 million US dollars, marking a 2.5% decrease from 2020. Over the period from 2018 to 2021, production grew by 14%, with a compound annual growth rate of 4.5%. The lowest value was recorded in 2020 at 148.1 million US dollars, while the largest decline occurred in 2019 with an 8.1% drop.

Annual dynamics of production in Czechia in value, 2018-2021, M $ US

In kind, 2018-2021, K unit

In 2021, Czechia produced 3 184 thousand units of non-liquid dielectric transformers, representing a significant decline of 10.4% compared to the previous year. From 2018 to 2021, production increased by 5.2%, which translates to an annualized growth rate of 1.7%.

Annual dynamics of production in Czechia in kind, 2018-2021, K unit

Exports non-liquid dielectric transformers from Czechia

Exports in kind, K unit

After two years of decline, Czechia's exports of non-liquid dielectric transformers have resumed growth. In 2021, exports totaled 14 333 thousand units, a 30.0% increase from 2020. Between 2018 and 2021, exports rose by 4.9%, equating to an annualized rate of 1.6%. The lowest value was recorded in 2020 at 11 025 thousand units, with the largest decline also occurring that year at 16.2%.

Annual dynamics of product's exports from Czechia in kind, 2018-2021, K unit

From 2018 to 2021, Germany, Hungary, and France formed the core markets for Czechia's exports in kind, accounting for 26.5%, 22.4%, and 7.9% of exports, respectively. Together, these three countries represented 56.7% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Czechia in kind, 2018-2021

Exports in value, M $ US

Following a two-year reduction, Czechia's exports of non-liquid dielectric transformers in value terms have increased. In 2021, export volume reached 170.5 million US dollars, showing a sharp year-over-year rise of 25.5%. From 2018 to 2021, exports grew by 10.6%, with an annualized growth rate of 3.4%. The minimum value was recorded in 2020 at 135.9 million US dollars, and the largest decline also occurred in 2020 with an 8.8% drop.

Annual dynamics of product's exports from Czechia in value, 2018-2021, M $ US

Between 2018 and 2021, Germany, Austria, and France were among the largest buyers of non-liquid dielectric transformers from Czechia in value terms, with shares of 32.1%, 9.3%, and 5.9%, respectively. However, even combined, they accounted for just 47.3% of total exports, indicating a broadly diversified partner base.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Czechia in value, 2018-2021

Imports non-liquid dielectric transformers to Czechia

Imports in kind, K unit

Czechia's imports of non-liquid dielectric transformers have increased for the second consecutive year. In 2021, imports amounted to 32 745 thousand units, reflecting a 39.5% uptick compared to 2020. Over the period from 2018 to 2021, imports grew by 30.1%, with a compound annual growth rate of 9.2%. The lowest value was recorded in 2019 at 22 564 thousand units, and the largest decline also occurred in 2019 with a 10.4% drop.

Annual dynamics of product's imports to Czechia in kind, 2018-2021, K unit

From 2018 to 2021, China, Germany, and India consistently served as the main sources for Czechia's imports in kind, with shares of 34.1%, 25.2%, and 12.9%, respectively. Together, these three countries accounted for 72.3% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Czechia in kind, 2018-2021

Imports in value, M $ US

Czechia's imports of non-liquid dielectric transformers in value terms have risen for the second year in a row. In 2021, imports totaled 119.1 million US dollars, up by 43.9% from 2020. Between 2018 and 2021, imports increased by 42.8%, equating to an annualized growth rate of 12.6%. The minimum value was recorded in 2019 at 80.5 million US dollars, and the largest decline also occurred in 2019 with a 3.5% drop.

Annual dynamics of product's imports to Czechia in value, 2018-2021, M $ US

During the period from 2018 to 2021, Germany, China, and Austria were the principal sources for Czechia's imports in value terms, with shares of 31.1%, 21.5%, and 7.3%, respectively. Jointly, these three countries represented 59.9% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Czechia in value, 2018-2021