Overview:

In this episode of PTR Perspective, the discussion focuses on the impact of decarbonization regulations on the European power transformers market. Host Hassan Zaheer and lead analyst Azhar Fayyaz delve into the key drivers of demand, the underlying regulations, and future projections for the market.

Azhar explains that Europe’s decarbonization efforts are significantly shaped by the European Green Deal and the Fit for 55 package. These regulations aim to reduce greenhouse gas emissions and increase renewable energy sources, necessitating the expansion and modernization of the power grid. The increase in renewable energy sources and the penetration of electric vehicles (EVs) are central to these efforts. The projected addition of 450 gigawatts of renewable capacity over the next five years, particularly in solar PV and wind energy, will drive significant demand for power transformers.

The discussion highlights specific country targets, such as Spain’s ambitious goals for renewable energy and storage, which will require substantial upgrades to the transmission network. Azhar also addresses the growth in EV charging infrastructure, which further drives demand for power transformers. The EU’s commitment to installing charging stations along highways and in new buildings underscores this growth.

In conclusion, the episode provides a comprehensive overview of how Europe’s decarbonization regulations are expected to shape the power transformers market, emphasizing the critical connections between renewable energy adoption, EV infrastructure, and grid modernization.

Key Questions:

What are the main decarbonization regulations that Europe has implemented, and what is their impact on the power transformers market?

Timestamp: 1:38.

What are the renewable energy targets of Europe, quantitatively speaking, and how are they impacting the power transformers demand?

Timestamp: 5:15.

Which specific countries in Europe are key to the power transformer demand evolution?

Timestamp: 7:06

How is the growth of EV chargers driving the power transformers market?

Timestamp: 9:26

Speakers

Azhar Fayyaz: 

Azhar Fayyaz is a Market Analyst at PTR Inc. He is involved in projects on the power grid topics at Power Technology Research gathering data on the network structure of distribution utilities, estimating the installed base of T&D equipment, and analyzing the information to predict future market trends. As a market analyst at PTR, he performs competitive analyses of different companies operating in a region and determines their market share for a specific product. He also has more than 5 years of experience working as a senior shift engineer at Chashma Power Generation Station. Azhar comes from a technical background and has an M.Sc. in Power Engineering.  

Hassan Zaheer:

Hassan is the Chief Operating Officer at PTR Inc. based in Abu Dhabi, UAE. With more than a decade of experience in the energy transition space, Hassan works for various Fortune-500 blue-chip clients on global market studies in the electrical infrastructure sector. In his current role at PTR, he works with clients to sustainably grow their businesses, both through custom consulting work and tailored research reports by PTR, helping their executive management and boards make data driven decisions. Hassan is also a Member of Advisory Board for CWIEME Berlin and an advisor to the educational non-profit Better Humans Academy.  

Hassan has a tech background with a Masters in Power Engineering from the Technical University of Munich (TUM) and a BS in Electrical Engineering from the Lahore University of Management Sciences (LUMS). Additionally, he is also an Alumni of Center for Digital Technology & Management (CDTM).