Non-liquid dielectric transformers market in Italy

Earlier Report Observations

From 2018 to 2020, the Italian market for non-liquid dielectric transformers was shaped by evolving EU and national regulations. The first phase of EU Regulation No. 548/2014 on energy efficiency, applicable since 2015, pushed manufacturers to certify new products. In 2019, the publication of detailed CE marking guidelines by industry association ANIE and stricter insulation rules for large oil-filled transformers likely contributed to a temporary production adjustment, with output falling to 35 458 thousand units. Anticipation of the regulation's second phase, effective July 2021, then spurred demand for transformers with advanced insulation technologies like vegetable esters, helping production recover to 47 847 thousand units and market size to reach 69 901 thousand units in 2020.

The market peaked sharply in 2021 when the second phase of EU Regulation 548/2014 came into force, imposing higher efficiency levels. This forced Italian producers to renew production lines and introduce new segments, such as 'green' transformers with ester-based oils, to maintain compliance. The regulatory deadline drove significant replacement demand, resulting in production surging to 63 902 thousand units and market size expanding to 100 670 thousand units.

Following the 2021 peak, the market underwent a correction from 2022 to 2024. In 2022, updated grounding standards CEI EN 50522 introduced new touch and step voltage limits, influencing transformer design and potentially slowing new project rollouts. Concurrently, the spread of safer, dry-type epoxy resin transformers created a new product segment, with companies like OCE and Ortea Next launching offerings. In 2023, new market access rules for power transformers under the capacity market discipline fostered the entry of new large-scale operators and the closure of obsolete plants, restructuring supply. By 2024, the launch of Ecodesign-certified transformers by manufacturers such as TESAR, responding to demand for high efficiency, alongside EU export restrictions to sanctioned countries, contributed to market stabilization, with the market size settling at 60 170 thousand units.

Production non-liquid dielectric transformers in Italy

In value, 2017-2020, M $ US

Production of non-liquid dielectric transformers in Italy declined for the second consecutive year. In 2020, output was valued at 654.8 million US dollars, marking a significant year-over-year decline of 17.2%. The maximum value was recorded in 2018 at 837.7 million US dollars, which also saw the largest increase of 27.2%.

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

In kind, 2017-2020, K unit

In 2020, Italy produced 47,847 thousand units of non-liquid dielectric transformers, representing a 34.9% increase compared to the previous year. Between 2017 and 2020, production grew by 48.5%, equating to an annualized rate of 14.1%. The largest decline occurred in 2019, with a drop of 13.1%.

Annual dynamics of production in Italy in kind, 2017-2020, K unit

Exports non-liquid dielectric transformers from Italy

Exports in kind, K unit

Exports of non-liquid dielectric transformers from Italy declined for the third consecutive year. In 2020, export volumes amounted to 17,014 thousand units, reflecting a gradual reduction of 3.7% from the previous year. Over the period from 2017 to 2020, exports decreased by 25.2%, with a compound annual growth rate of -9.2%.

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

From 2017 to 2020, the geographical structure of exports in kind was highly diversified. Germany accounted for 12.9% of exports, Romania for 12.5%, and Croatia for 8.2%, together making up only 33.6% of total flows. The remaining 66.4% was distributed among numerous smaller partner countries.

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

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

Exports in value, M $ US

Italy's exports of non-liquid dielectric transformers declined for the second consecutive year. In 2020, exports registered 369.7 million US dollars, down by 6.9% year-over-year. Over the period from 2017 to 2020, exports increased by 6.1%, with a compound annual growth rate of 2.0%. The maximum value was recorded in 2018 at 404.7 million US dollars, which also saw the largest increase of 16.1%.

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

From 2017 to 2020, exports in value terms of non-liquid dielectric transformers from Italy were spread across many countries. France accounted for 12.4% of exports, the United Arab Emirates for 10.2%, and Germany for 6.8%, jointly representing only 29.4% of total flows.

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

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

Imports non-liquid dielectric transformers to Italy

Imports in kind, K unit

Imports of non-liquid dielectric transformers to Italy declined for the third consecutive year. In 2020, Italy imported 140.0 thousand units, marking a drop of 6.6% compared to the previous year. Over the period from 2017 to 2020, imports decreased by 26.4%, with a compound annual growth rate of -9.7%.

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

From 2017 to 2020, China was the dominant source for imports in kind, accounting for 59.3%, followed by Germany at 16.4% and the Netherlands at 4.3%. Together, these three countries represented 79.9% of total import flows.

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

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

Imports in value, M $ US

Imports of non-liquid dielectric transformers to Italy declined for the third consecutive year. In 2020, imports totalled 140.0 million US dollars, representing a 17.0% drop from a year earlier. Over the period from 2017 to 2020, imports decreased by 28.3%, with a compound annual growth rate of -10.5%.

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

Throughout 2017 to 2020, China led imports in value terms with 27.5%, followed by Germany at 17.4% and Poland at 5.6%. These three countries jointly accounted for 50.5% of total import flows.

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

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