Global Transformers Market for Renewable Energy Market 2024-2028

Description

List of Tables

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.

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.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	4.27%
CAGR	4.65%
Incremental Value	$3.44bn

Technavio's 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

This study identifies the rising number of offshore wind farm installations as one of the prime reasons driving the transformers market for renewable energy growth during the next few years. Also, the rising adoption of solar as a hybrid power system and the digitalization of transformers will lead to sizable demand in the market.

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 robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading transformers market for renewable energy vendors that include 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. Also, the transformers market for renewable energy analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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.

Product Code: IRTNTR46482

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Global transformers market for renewable energy 2018 - 2022
4.2 Application Segment Analysis 2018 - 2022
4.3 Indication Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by Application

6.1 Market segments
6.2 Comparison by Application
6.3 Solar PV - Market size and forecast 2023-2028
6.4 Wind farm - Market size and forecast 2023-2028
6.5 Market opportunity by Application

7 Market Segmentation by Indication

7.1 Market segments
7.2 Comparison by Indication
7.3 Dry insulation - Market size and forecast 2023-2028
7.4 Liquid immersed insulation - Market size and forecast 2023-2028
7.5 Market opportunity by Indication

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation
9.2 Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
9.4 Europe - Market size and forecast 2023-2028
9.5 North America - Market size and forecast 2023-2028
9.6 South America - Market size and forecast 2023-2028
9.7 Middle East and Africa - Market size and forecast 2023-2028
9.8 China - Market size and forecast 2023-2028
9.9 US - Market size and forecast 2023-2028
9.10 India - Market size and forecast 2023-2028
9.11 Japan - Market size and forecast 2023-2028
9.12 Germany - Market size and forecast 2023-2028
9.13 Market opportunity By Geographical Landscape

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Bharat Heavy Electricals Ltd.
12.4 CG Power and Industrial Solutions Ltd.
12.5 Daihen Corp.
12.6 Eaton Corp. Plc
12.7 ENERCON GmbH
12.8 Esennar Transformers Pvt. Ltd.
12.9 General Electric Co.
12.10 Hitachi Ltd.
12.11 Marsons Energy Pvt. Ltd.
12.12 Northern Transformer Corp.
12.13 S.E.A. Societa Elettromeccanica Arzignanese S.p.A.
12.14 Schneider Electric SE
12.15 Siemens AG
12.16 STC Inc.
12.17 Synergy Transformers Pvt. Ltd.

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations