Global Transformers Market for Renewable Energy Market 2024-2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	168 Pages	TechNavio	March, 2024	INF18674291

Best Price Guarantee
Price	from $2,500
Length	168 Pages
Publisher	TechNavio
Published Date	March, 2024
SKU	INF18674291

Global Transformers Market For Renewable Energy 2024-2028

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.

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.

Executive Summary
- Market overview
  - Table Executive Summary – Chart on Market Overview
  - Table Executive Summary – Data Table on Market Overview
  - Table Executive Summary – Chart on Global Market Characteristics
  - Table Executive Summary – Chart on Market by Geography
  - Table Executive Summary – Chart on Market Segmentation by Application
  - Table Executive Summary – Chart on Market Segmentation by Indication
  - Table Executive Summary – Chart on Incremental Growth
  - Table Executive Summary – Data Table on Incremental Growth
  - Table Executive Summary – Chart on Vendor Market Positioning
Market Landscape
- Market ecosystem
  - Table Parent market
  - Table Market Characteristics
Market Sizing
- Market definition
  - Table Offerings of vendors included in the market definition
- Market segment analysis
  - Table Market segments
- Market size 2023
- Market outlook: Forecast for 2023-2028
  - Table Chart on Global - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
  - Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Historic Market Size
- Global transformers market for renewable energy 2018 - 2022
  - Table Historic Market Size – Data Table on global transformers market for renewable energy 2018 - 2022 ($ million)
- Application Segment Analysis 2018 - 2022
  - Table Historic Market Size – Application Segment 2018 - 2022 ($ million)
- Indication Segment Analysis 2018 - 2022
  - Table Historic Market Size – Indication Segment 2018 - 2022 ($ million)
- Geography Segment Analysis 2018 - 2022
  - Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
- Country Segment Analysis 2018 - 2022
  - Table Historic Market Size – Country Segment 2018 - 2022 ($ million)
Five Forces Analysis
- Five forces summary
  - Table Five forces analysis - Comparison between 2023 and 2028
- Bargaining power of buyers
  - Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- Bargaining power of suppliers
  - Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- Threat of new entrants
  - Table Threat of new entrants – Impact of key factors in 2023 and 2028
- Threat of substitutes
  - Table Threat of substitutes – Impact of key factors in 2023 and 2028
- Threat of rivalry
  - Table Threat of rivalry – Impact of key factors in 2023 and 2028
- Market condition
  - Table Chart on Market condition - Five forces 2023 and 2028
Market Segmentation by Application
- Market segments
  - Table Chart on Application - Market share 2023-2028 (%)
  - Table Data Table on Application - Market share 2023-2028 (%)
- Comparison by Application
  - Table Chart on Comparison by Application
  - Table Data Table on Comparison by Application
- Solar PV - Market size and forecast 2023-2028
  - Table Chart on Solar PV - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Solar PV - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Solar PV - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Solar PV - Year-over-year growth 2023-2028 (%)
- Wind farm - Market size and forecast 2023-2028
  - Table Chart on Wind farm - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Wind farm - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Wind farm - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Wind farm - Year-over-year growth 2023-2028 (%)
- Market opportunity by Application
  - Table Market opportunity by Application ($ million)
  - Table Data Table on Market opportunity by Application ($ million)
Market Segmentation by Indication
- Market segments
  - Table Chart on Indication - Market share 2023-2028 (%)
  - Table Data Table on Indication - Market share 2023-2028 (%)
- Comparison by Indication
  - Table Chart on Comparison by Indication
  - Table Data Table on Comparison by Indication
- Dry insulation - Market size and forecast 2023-2028
  - Table Chart on Dry insulation - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Dry insulation - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Dry insulation - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Dry insulation - Year-over-year growth 2023-2028 (%)
- Liquid immersed insulation - Market size and forecast 2023-2028
  - Table Chart on Liquid immersed insulation - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Liquid immersed insulation - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Liquid immersed insulation - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Liquid immersed insulation - Year-over-year growth 2023-2028 (%)
- Market opportunity by Indication
  - Table Market opportunity by Indication ($ million)
  - Table Data Table on Market opportunity by Indication ($ million)
Customer Landscape
- Customer landscape overview
  - Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Geographic Landscape
- Geographic segmentation
  - Table Chart on Market share by geography 2023-2028 (%)
  - Table Data Table on Market share by geography 2023-2028 (%)
- Geographic comparison
  - Table Chart on Geographic comparison
  - Table Data Table on Geographic comparison
- APAC - Market size and forecast 2023-2028
  - Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
  - Table Chart on APAC - Year-over-year growth 2023-2028 (%)
  - Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
- Europe - Market size and forecast 2023-2028
  - Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Europe - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
- North America - Market size and forecast 2023-2028
  - Table Chart on North America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
  - Table Chart on North America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on North America - Year-over-year growth 2023-2028 (%)
- South America - Market size and forecast 2023-2028
  - Table Chart on South America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
  - Table Chart on South America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on South America - Year-over-year growth 2023-2028 (%)
- Middle East and Africa - Market size and forecast 2023- 2028
  - Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- China - Market size and forecast 2023-2028
  - Table Chart on China - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on China - Market size and forecast 2023-2028 ($ million)
  - Table Chart on China - Year-over-year growth 2023-2028 (%)
  - Table Data Table on China - Year-over-year growth 2023-2028 (%)
- US - Market size and forecast 2023-2028
  - Table Chart on US - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on US - Market size and forecast 2023-2028 ($ million)
  - Table Chart on US - Year-over-year growth 2023-2028 (%)
  - Table Data Table on US - Year-over-year growth 2023-2028 (%)
- India - Market size and forecast 2023-2028
  - Table Chart on India - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on India - Market size and forecast 2023-2028 ($ million)
  - Table Chart on India - Year-over-year growth 2023-2028 (%)
  - Table Data Table on India - Year-over-year growth 2023-2028 (%)
- Japan - Market size and forecast 2023-2028
  - Table Chart on Japan - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Japan - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Japan - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
- Germany - Market size and forecast 2023-2028
  - Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Germany - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
- Market opportunity by geography
  - Table Market opportunity by geography ($ million)
  - Table Data Tables on Market opportunity by geography ($ million)
Drivers, Challenges, and Trends
- Market drivers
  - Shift in focus of government bodies toward renewable energy
  - Modernization of existing transformers by smart grid systems
  - Expansion of renewable power generation capacity
- Market challenges
  - High cost of upgrading electricity distribution networks
  - Intermittency in solar energy
  - Declining cost of solar PV modules
- Impact of drivers and challenges
  - Table Impact of drivers and challenges in 2023 and 2028
- Market trends
  - Rising number of offshore wind farm installation
  - Rising adoption of solar as hybrid power system
  - Digitalization of transformers
Vendor Landscape
- Overview
- Vendor landscape
  - Table Overview on Criticality of inputs and Factors of differentiation
- Landscape disruption
  - Table Overview on factors of disruption
- Industry risks
  - Table Impact of key risks on business
Vendor Analysis
- Vendors covered
  - Table Vendors covered
- Market positioning of vendors
  - Table Matrix on vendor position and classification
- Bharat Heavy Electricals Ltd.
  - Table Bharat Heavy Electricals Ltd. - Overview
  - Table Bharat Heavy Electricals Ltd. - Business segments
  - Table Bharat Heavy Electricals Ltd. - Key news
  - Table Bharat Heavy Electricals Ltd. - Key offerings
  - Table Bharat Heavy Electricals Ltd. - Segment focus
- CG Power and Industrial Solutions Ltd.
  - Table CG Power and Industrial Solutions Ltd. - Overview
  - Table CG Power and Industrial Solutions Ltd. - Business segments
  - Table CG Power and Industrial Solutions Ltd. - Key offerings
  - Table CG Power and Industrial Solutions Ltd. - Segment focus
- Daihen Corp.
  - Table Daihen Corp. - Overview
  - Table Daihen Corp. - Business segments
  - Table Daihen Corp. - Key offerings
  - Table Daihen Corp. - Segment focus
- Eaton Corp. Plc
  - Table Eaton Corp. Plc - Overview
  - Table Eaton Corp. Plc - Business segments
  - Table Eaton Corp. Plc - Key offerings
  - Table Eaton Corp. Plc - Segment focus
- ENERCON GmbH
  - Table ENERCON GmbH - Overview
  - Table ENERCON GmbH - Product / Service
  - Table ENERCON GmbH - Key offerings
- Esennar Transformers Pvt. Ltd.
  - Table Esennar Transformers Pvt. Ltd. - Overview
  - Table Esennar Transformers Pvt. Ltd. - Product / Service
  - Table Esennar Transformers Pvt. Ltd. - Key offerings
- General Electric Co.
  - Table General Electric Co. - Overview
  - Table General Electric Co. - Business segments
  - Table General Electric Co. - Key news
  - Table General Electric Co. - Key offerings
  - Table General Electric Co. - Segment focus
- Hitachi Ltd.
  - Table Hitachi Ltd. - Overview
  - Table Hitachi Ltd. - Business segments
  - Table Hitachi Ltd. - Key news
  - Table Hitachi Ltd. - Key offerings
  - Table Hitachi Ltd. - Segment focus
- Marsons Energy Pvt. Ltd.
  - Table Marsons Energy Pvt. Ltd. - Overview
  - Table Marsons Energy Pvt. Ltd. - Product / Service
  - Table Marsons Energy Pvt. Ltd. - Key offerings
- Northern Transformer Corp.
  - Table Northern Transformer Corp. - Overview
  - Table Northern Transformer Corp. - Product / Service
  - Table Northern Transformer Corp. - Key offerings
- S.E.A. Societa Elettromeccanica Arzignanese S.p.A.
  - Table S.E.A. Societa Elettromeccanica Arzignanese S.p.A. - Overview
  - Table S.E.A. Societa Elettromeccanica Arzignanese S.p.A. - Product / Service
  - Table S.E.A. Societa Elettromeccanica Arzignanese S.p.A. - Key offerings
- Schneider Electric SE
  - Table Schneider Electric SE - Overview
  - Table Schneider Electric SE - Business segments
  - Table Schneider Electric SE - Key offerings
  - Table Schneider Electric SE - Segment focus
- Siemens AG
  - Table Siemens AG - Overview
  - Table Siemens AG - Business segments
  - Table Siemens AG - Key news
  - Table Siemens AG - Key offerings
  - Table Siemens AG - Segment focus
- STC Inc.
  - Table STC Inc. - Overview
  - Table STC Inc. - Product / Service
  - Table STC Inc. - Key offerings
- Synergy Transformers Pvt. Ltd.
  - Table Synergy Transformers Pvt. Ltd. - Overview
  - Table Synergy Transformers Pvt. Ltd. - Product / Service
  - Table Synergy Transformers Pvt. Ltd. - Key offerings
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
  - Table Inclusions checklist
  - Table Exclusions checklist
- Currency conversion rates for US$
  - Table Currency conversion rates for US$
- Research methodology
  - Table Research methodology
  - Table Validation techniques employed for market sizing
  - Table Information sources
- List of abbreviations
  - Table List of abbreviations