Market Growth Has Experienced a Change of -9.33% YoY in 2020
1h Free Analyst Time
The transformers market for renewable energy is forecasted to grow by USD 3.44 bn during 2023-2028, accelerating at a CAGR of 4.65% during the forecast period. The report on the transformers market for renewable energy provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by a shift in focus of government bodies toward renewable energy, modernization of existing transformers by smart grid systems, and expansion of renewable power generation capacity.
The transformers market for renewable energy is segmented as below:
By Application
- Solar PV
- Wind farm
By Indication
- Dry insulation
- Liquid immersed insulation
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
The report on the transformers market for renewable energy covers the following areas:
- Transformers market for renewable energy sizing
- Transformers market for renewable energy forecast
- Transformers market for renewable energy industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Indication
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global transformers market for renewable energy: Bharat Heavy Electricals Ltd., CG Power and Industrial Solutions Ltd., Daihen Corp., Eaton Corp. Plc, ENERCON GmbH, Esennar Transformers Pvt. Ltd., General Electric Co., Hitachi Ltd., LC Magnetics Inc., Marsons Energy Pvt. Ltd., Northern Transformer Corp., Rajasthan Powergen Transformer Pvt. Ltd., S.E.A. Societa Elettromeccanica Arzignanese S.p.A., Schneider Electric SE, Siemens AG, STC Inc., Synergy Transformers Pvt. Ltd., TESLA TRANSFORMERS GLOBAL Pvt. Ltd., Voltamp Transformers Ltd., and Westrafo Srl.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is the rising number of offshore wind farm installations."
According to the report, one of the major drivers for this market is the shift in focus of government bodies toward renewable energy.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bharat Heavy Electricals Ltd.
- CG Power and Industrial Solutions Ltd.
- Daihen Corp.
- Eaton Corp. Plc
- ENERCON GmbH
- Esennar Transformers Pvt. Ltd.
- General Electric Co.
- Hitachi Ltd.
- LC Magnetics Inc.
- Marsons Energy Pvt. Ltd.
- Northern Transformer Corp.
- Rajasthan Powergen Transformer Pvt. Ltd.
- S.E.A. Societa Elettromeccanica Arzignanese S.p.A.
- Schneider Electric SE
- Siemens AG
- STC Inc.
- Synergy Transformers Pvt. Ltd.
- TESLA TRANSFORMERS GLOBAL Pvt. Ltd.
- Voltamp Transformers Ltd.
- Westrafo Srl
